Pinnacle Asset Management, a commodities and natural resources investment organisation, has acquired the North American natural gas wholesale trading business from Sierentz Global Merchants. Ben Sutton, who most recently served as Head of North American Gas and Power at Noble Americas Corp, will serve as CEO of the new business, which will be
Powernext has been reappointed as the operator of the national registry for guarantees of origin in France for electricity produced from renewable sources or via co-generation. In addition, the mandate of Powernext has been extended to include the organisation of
Arrow Capital Management has received all necessary approvals of applicable securities regulatory authorities to complete the purchase of BluMont Capital Corporation from Integrated Asset Management. BluMont is the manager of the Exemplar Global Agriculture Fund, the Exemplar Global Infrastructure Fund,
Fund administrator GlobeOp is to be acquired by private equity firm TPG Capital in a deal worth around GBP508 million (USD800 million). The deal follows GlobeOp’s announcement on 6 January 2012 that it was carrying out a review of its
iM Global Partner has acquired a 45 per cent interest in Dynamic Beta investments (previously branded Beachhead Capital), a New York-based specialist in the liquid alternatives space. iM Global Partner is an investment and development platform focused on acquiring strategic
Tigress Financial Partners, a women-owned institutional FINRA registered broker-dealer, has formed a strategic partnership with BCS Prime Brokerage Limited (BCS UK), in the UK, part of BCS Global Markets, to jointly market capital markets, investment banking, credit facilities, research, asset
BNY Mellon Investment Management is to wind down EACM Advisors (EACM), its multi-manager and fund of hedge funds investment manager, as a standalone business. EACM managed USD3.9 billion in a combination of long-only and fund of hedge funds strategies. EACM’s
Shelton Capital Management has acquired Cedar Ridge, effective 25 January 2019, and is now the investment advisor to the Cedar Ridge Unconstrained Credit Fund (CRUMX/CRUPX). Cedar Ridge, founded in 2004, manages unique alternative investment products through a variety of credit-focussed,
The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have successfully concluded the initial consultation period regarding the establishment of a joint venture to operate a European-based auction mechanism for European dairy products. The initiative between EEX and GDT
CloseCross, a multi-party, decentralised derivatives trading platform in beta, has opened its investment round with USD3 million backed by Amnis Ventures, a privately owned venture fund based in Houston, Texas. The investment puts CloseCross at a post-money valuation of USD60
