BATS Global Markets (BATS) is to acquire Hotspot FX, an institutional spot foreign exchange market, in a cash transaction valued at USD365 million. Closing is expected in the first half of 2015, and represents further expansion into non-equity trading
Man Group has completed the previously announced acquisition of Silvermine Capital Management, a Connecticut-based leveraged loan manager. Silvermine had USD3.8 billion of funds under management across nine active collateralised loan obligation (CLO) structures as of 30 November 2014. Mark
Virtus Partners has acquired the business and assets of Trade Settlement, Inc (TSI), a New York-based primary and secondary loan trading settlement and documentation service provider. “We are excited about the opportunities this acquisition provides to our clients and the
Man Group is to acquire Silvermine Capital Management, a Connecticut-based leveraged loan manager with USD3.8 billion of funds under management across nine active collateralised loan obligation (“CLO”) structures as of 30 November 2014. The Acquisition is expected to complete in
Duff & Phelps Corporation is to establish a dedicated financial regulatory and compliance consulting practice through the acquisition of Kinetic Partners. The new practice will be headed up by Kinetic Partners CEO Julian Korek. In addition to the new Financial
Man Group is to acquire the investment management contracts from Merrill Lynch Alternative Investments to manage a portfolio of multi-strategy and strategy-focused fund of hedge funds with total AUM of USD1.2 billion. The acquisition is expected to complete in the
London Stock Exchange Group (LSEG), following satisfactory completion of all outstanding conditions, has completed its acquisition of Frank Russell Company (Russell). As previously announced, the comprehensive review of Russell’s investment management business is making good progress and is on track
Financial services software provider SS&C Technologies Holdings has acquired DST Global Solutions Ltd, a subsidiary of DST Systems, Inc, for USD95 million in cash. DST Global’s products now owned by SS&C include industry-leading investment and fund accounting platform, HiPortfolio,
Archway Technology Partners is to acquire WealthTouch Holdings (WealthTouch), a provider of consolidated investment reporting services to ultra-high net worth families, family offices, wealth advisors and foundations. Terms of the transaction have not been disclosed. The acquisition of WealthTouch
Man Group has closed the acquisition of Pine Grove Asset Management, a US-based fund of hedge fund manager specialising in the management of credit-focused hedge fund portfolios. Pine Grove has approximately USD1.0 billion of assets under management. The close
