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Euronext has acquired around 90 per cent of FastMatch for a USD153 million initial cash consideration.   FastMatch’s management will remain invested with a circa 10 per cent interest, with minority rights. Closing is subject to regulatory and anti-trust approvals, and is expected to occur in Q3 2017.   This bolt-on acquisition is part of Euronext’s strategy to actively leverage its balance sheet flexibility to capture value accretive opportunities and to accelerate growth and diversification of the revenue base in line with its ambitions. As such, the investment in FastMatch will not consume any resource dedicated to the deployment of
Managed futures traders gained 0.16 per cent in April, according to the Barclay CTA Index compiled by BarclayHedge.   Year to date, the index remains down 0.66 per cent.   Five of Barclay’s CTA indices had gains in April, while three had losses. Currency Traders were up 0.40 per cent, Financial/Metals Traders gained 0.33 per cent, Systematic Traders added 0.20 per cent, and Diversified Traders eked out a 0.03 per cent gain.   The Agricultural Traders Index lost 0.38 per cent in April, and Discretionary Traders were down 0.11 per cent.   “Another month of rising equity prices generated profits
Now that you have a handle on the nightmare scenario and understand the importance of fostering a culture of security across your investment firm, here are four steps to guide you through the creation of that culture.  1. Create a computer incident response team Start by creating a “Computer Incident Response Team” who will oversee your information-security policies. Although IT professionals are responsible for overseeing and maintaining your computing infrastructure, you also need business users to play a central role in your security initiatives. After all, they’re the ones who use these resources – and the ones who can
MainstreamBPO has executed sale agreements to acquire Trinity Fund Administration in Ireland and the Cayman Islands.   Privately owned Trinity currently provides administrative, transfer agency, company register, corporate secretarial, risk and regulatory reporting and other ancillary services to over 140 funds and investment vehicles incorporated in a variety of jurisdictions.   The acquisition will increase MainstreamBPO’s client base and funds under administration. Trinity currently services or administers assets in the region of USD7 billion.   Trinity was founded in 1993 by CEO John McCann, and has received recognition from the international funds industry on numerous occasions including being awarded the
Pan-European exchange group Euronext has launched Euronext Fund Service Paris, which draws on its experience with Euronext Fund Service in Amsterdam.   Brieuc Louchard (pictured), business development manager, ETFs and funds at Euronext, says the aim of this project is to encourage asset management companies to list their open-ended funds – UCITS, AIF or passported in France – drawn from all strategies, on the exchange.   “The way we designed this service is that it is open to anyone from retail investors to institutional investors and corporates,” Louchard says.   “It is a new market segment from scratch, designed to
Acuity Trading and Dow Jones have formed a partnership to launch a visual news analytics tool for traders. Now in beta, the new tool – called Acuity Visual Edge, Powered by Dow Jones – features displays of news sentiment from Dow Jones and Acuity Trading news sources, offering traders visual cues to better understand market trends and stimulate trade ideas.   The tool showcases some emerging ways in which news can be used to aid trading decisions, and leverages the new Dow Jones DNA platform that launched in beta in April.   “News is an incredibly rich source of data
The Lawson Conner Group has passported its AIFM capabilities into both the Central Bank of Ireland and the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.  The firm can now launch asset management businesses and their associated investment funds in these two popular fund domiciles.   During Q1 of this year, Lawson Conner, through its full scope entity, launched an Irish domiciled QIAIF for a GBP220 million real estate manager, a European Credit hedge fund as an Irish ICAV, and also a long/short equity strategy out of Luxembourg in the form of a newly structured RAIF.   Andrew Frost,
The global hedge fund practice of Citigate Dewe Rogerson, an international financial and corporate communications consultancy, has added 20 new clients in less than a year since it was launched.   Client strategies covered include equity long/short, credit, quant, event-driven, activist, distressed, global macro, FX, emerging markets, biotech, disruptive tech and SRI.   The practice, centred on London, New York, Paris, Hong Kong and Singapore, is led by senior director Christen Thomson, a former deputy CEO of the Alternative Investment Management Association (AIMA), the global representative of the alternative investment industry. During his six years with AIMA, Thomson worked closely
Innovation, depth of talent and stability were the watchwords at the Carey Olsen sponsored Guernsey Funds Forum 2017, which took place on 11 May in London.   A call for product innovation was a key theme at the forum, which attracted over 450 attendees.   Partner Annette Alexander (pictured), who was in attendance, says: “Guernsey is an innovative jurisdiction and we need to continue to innovate in order to attract new business and satisfy client needs. The new Guernsey Private Investment Fund (PIF) regime significantly reduces the cost and time for fund launch. Carey Olsen was closely involved in the
The Liquidity Conundrum – As we start 2017, it is clear that institutional investors and asset managers alike are faced with a very real challenge in terms of managing, maintaining and continually assessing portfolio liquidity. With an ever-increasing search for yield, investors must consider the implications of less liquid investments, their ability to raise cash if needed, and how to manage excess cash.. There are several factors bringing this subject into sharp focus, from continued low/negative interest rates around the globe, to new regulations such as the central clearing of derivatives and the Basel Committee on Banking Supervision’s Basel III accord.

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