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A Tanzanian gold mining firm part-acquired by The Montreux Natural Resources Fund is due to produce its first gold next year following “fast-track” development of two of its mines. In September 2015, The Montreux Natural Resources Fund, formerly The Montreux Commodity Trading Fund Cayman, expanded its focus in the gold-mining sector by acquiring a 50 per cent stake in the Tanzanian mining investment company GRB Mining Ltd, based in Dar Es Salaam.   GRB Mining, which has developed a niche high value-low Capex-low Opex mining model, focuses on the production of gold from small-scale high grade mines in Morogoro, Tanzania.   Since September last year two
CBOE Holdings is to acquires Bats Global in a cash and stock transaction valued at approximately USD32.50 per share, or a total of approximately USD3.2 billion, consisting of 31 per cent cash and 69 per cent CBOE Holdings stock. The deal is based on CBOE Holdings’ closing stock price of USD70.30 per share on 23 September 2016.   The transaction will significantly expand CBOE Holdings’ product line across asset classes, broaden its geographic reach with Bats’ strong pan-European equities and global FX positions, and diversify its business mix with significant non-transactional revenue streams.   CBOE Holdings expects to use Bats’
Thomson Reuters has launched a Diversity & Inclusion (D&I) Index, which ranks the top 100 publicly traded companies globally with the most diverse and inclusive workplaces, as measured by 24 metrics across four key categories. The categories are diversity, inclusion, people development and news controversies.   The index is then calculated by weighing each metric based on importance in the market and how each company compares with its peers.   The D&I Index is available on Thomson Reuters Eikon, as are the underlying diversity and inclusion metrics, which can be used to gain insight and help financial professionals screen companies
Richard Fleischman & Associates Inc (RFA) has launched the RFA Multi-Cloud platform to enable RFA clients to more efficiently scale up and scale down their cloud platform requirements in line with their business needs. And, importantly, in full compliance with regulation.  The new cloud solution builds upon the success of RFA’s private cloud – an infrastructure-as-a-service (IaaS) offering – which sees RFA partnering with Amazon and Microsoft, giving clients the flexibility to use public cloud services in tandem with private cloud services with the same guaranteed level of performance and security.  This latest development marks an important stage in the
Allianz Global Investors has expanded its liquid alternatives platform with the launch of the Allianz Structured Return fund, an absolute return strategy designed to pursue positive returns independent of market conditions, while managing downside risk.   The new fund is managed by portfolio manager Stephen Bond-Nelson, alongside Greg Tournant, chief investment officer for US structured products at AllianzGI.   The investment team, based in New York, has extensive experience investing in equity index option strategies.    The investment platform, launched in September 2005, provides absolute return and return-enhancement solutions for its clients, and as of 31 July, the team manages USD5.3
Volante Technologies, a provider of software for the integration, processing and orchestration of financial messages and payments, is partnering with Finexus to provide the key MT to MX message transformations in complex multi-currency Real-time Gross Settlement (RTGS) system implementations. Finexus is a Malaysian-headquartered and Asia Pacific region-based digital payment solutions and services provider.    Finexus and Volante’s first project in the region is a multi-year implementation at a central bank and is part of a larger, global internationalisation and modernisation process, to build and maintain RTGS and Scripless Securities Settlement systems in the Asia-Pacific region.   Finexus chose to work
CubeLogik is creating a cloud-based one-stop-shop version of its CubeIntelligence platform for credit risk, market risk, liquidity management and regulatory compliance. Headquartered in London, with representation in the US and Asia, CubeLogik was formerly an operating division of OpenLink, but is now a fully independent entity with management led by industry veterans David Priestley (pictured) and Lee Campbell.   Priestley says: “Market volatility, coupled with increasingly onerous regulatory changes, are driving the disciplines of credit risk, market risk and liquidity management closer together. Our clients require integrated, highly functional solutions that will sit on top of their trading and accounting
Cowen Prime Services, the prime services division of Cowen Group, has been named Best North American Prime Broker at the 2016 Hedgeweek USA Awards. The award is based on a peer review system whereby Hedgeweek’s readers, including institutional and high net worth investors, hedge fund managers and other industry professionals at fund administrators, prime brokers, law firms, custodians and advisers, select the top performer in a series of categories.   Jack D Seibald, global co-head of prime brokerage services, says: “We are proud that Hedgeweek readers voted for Cowen Prime as the Best North American Prime Broker. As former investment
AIMA Canada, the national group of the Alternative Investment Management Association, has welcomed the Canadian Securities Administrator’s (CSA’s) proposed amendments to National Instrument 81-102 and related National Instruments. Once finalised, these amendments potentially will allow Canadian retail investors to add alternative strategies to their investment portfolios.   Alternative investment fund strategies have historically been only available to high-net-worth individuals or institutions.   “Despite the strength and longevity of the alternative investment industry in Canada, it has remained relatively small compared to the US and other regions globally, in part due to regulations that have made it difficult for investors to
Who would want to be a start-up hedge fund manager? Simon Schilder, partner at Ogier in Jersey, and TEAM BVI UK member with BVI Finance, examines the challenges facing the next generation… The challenges facing the next generation of hedge fund managers are starker than ever before, with increased barriers to entry caused by an ever increasing regulatory burden coupled with the continued existence of a macro-economic environment impacting upon investment performance. For emerging managers seeking to attract investor allocations, the need to be able to demonstrate a proven track record to prospective investors has never been more important. Generally institutional investors will

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