Broadridge Financial Solutions is to acquire Bonaire Software Solutions, a provider of fee calculation, billing and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms.
RCP Advisors, an independent sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, has announced the closing of its first co-investment fund, the USD110 million RCPDirect, LP. “RCP’s strategy has
Mitsubishi UFJ Fund Services, a global asset administrator, has acquired Meridian Fund Services Group, a fund administrator with USD14bn of assets under administration (AuA). Mitsubishi UFJ Fund Services, part of Mitsubishi UFJ Financial Group (MUFG), provides a wide range of
Wells Fargo & Company has completed its previously announced acquisition of LaCrosse Global Fund Services (LaCrosse), an independently managed hedge fund administration and middle-office service provider, from Cargill. This acquisition provides Wells Fargo’s Corporate Trust Services division with a complete
Global institutional trading network Liquidnet is planning to enter the fixed income market with its acquisition of bond trading platform Vega-Chi. The partnership, subject to regulatory approval, will combine Liquidnet’s experience, scale and global reach within the institutional investment community
LCH.Clearnet has completed the transfer of over 300 MF Global UK client positions to the clearing member of the client’s choice. The operation has involved managing client positions across multiple markets including the London Stock Exchange, LIFFE, LME, Nodal, HKMEx,
Alternative multi-manager Tages Capital has signed a strategic partnership with Frankfurt-based Gauly | Dittrich | van de Weyer Asset Management. Under the terms of the agreement, Gauly | Dittrich | van de Weyer Asset Management will distribute Tages’ investment solutions
London Stock Exchange Group (LSEG) is to acquire a majority stake of up to 60 per cent of clearinghouse LCH.Clearnet in a deal worth EUR463 million. Under the terms of the Transaction, London Stock Exchange (C) Limited (LSEC) will pay
NYSE Euronext’s global derivatives average daily volume (ADV) of 7.0 million contracts in February 2012 represented a decrease of 21.4% versus the prior year. European derivatives products ADV in February 2012 of 2.8 million contracts decreased 35.7% compared to February
Deutsche Asset & Wealth Management's (DeAWM) Aggregator Solutions fund has recently acquired a USD85m portfolio of illiquid hedge funds from a Swiss asset manager. The fund closed in August 2013 with commitments from professional investors of USD1bn. The Aggregator
