NYSE Euronext has signed an agreement with several global banks and liquidity providers — Citadel Securities, Getco, Goldman Sachs, Morgan Stanley and UBS — to sell a significant equity interest in NYSE Liffe US, its US futures exchange. NYSE Euronext
NYSE Euronext’s net income was USD125m, or USD0.48 per diluted share, for the third quarter of 2009, compared to net income of USD174m, or USD0.66 per diluted share for the third quarter of 2008. Third quarter 2009 GAAP results include
Jersey Corporate Services (JCS) has launched an outsourced business development service called Prospect. The new services, which aims to help service providers foster relationships across the globe, has already attracted attention from foreign clients as well as those closer to
The Credit Suisse Liquid Alternative (LAB) Index was up 0.59 per cent in September according to Jordan Drachman, head of research for alternative beta strategies at Credit Suisse. The long/short strategy was the most significant contributor to performance again, finishing
Sciens Fund of Funds Management, part of the Sciens Capital Management Group and provider of single- and multi-strategy funds of hedge funds and managed account services, has launched the CCA Event Driven Fund on the Sciens Managed Account Platform (MAP).
IndexIQ is to launch its latest hedge fund replication exchange-traded fund on 4 October on the NYSE Arca. The IQ Hedge Market Neutral Tracker ETF (QMN) will be the first ETF designed to offer investors liquid, transparent exposure to the
Quintillion has been appointed by Leadenhall Capital Partners to provide administration services to both its Leadenhall Diversified Insurance Linked Investments Fund and Leadenhall Value Insurance Linked Investments Fund, which launched on 21 October 2009. The funds aim to provide investors
Deutsche Bank has signed an agreement to acquire 100 per cent of Sal. Oppenheim at a price of EUR1.0bn. The present shareholders in Sal. Oppenheim have the option of a long-term shareholding of up to 20 per cent of the
London-based investment manager Sothic Capital Management has selected GlobeOp Financial Services to provide middle- and back-office and fund administration services for its newly launched Sothic Capital European Opportunities Fund. The fund launched in September 2009 with USD83m in assets under
Interactive Data, a provider of financial market data and analytics, has broadened the capabilities for its interest rate swap valuation service provided by its pricing and reference data business. The service assists clients by providing information they can use to
