The Exchange Council of the European Energy Exchange (EEX) has welcomed plans to merge current Powernext activities into EEX from the 1 January 2020. The council believes that the harmonisation of Powernext and EEX, will enable the exchange to offer
The Berens Capital Management team and their funds are to become become part of Alternative Investment Group on 1 June. Berens Capital Management is a global asset manager known for its high-quality research and focus on emerging and frontier markets.
Ultimus Fund Solutions has acquired Woodfield Fund Administration, a privately-owned private fund administration firm headquartered in Chicago, Illinois. Ultimus says that the combination will allow each firm to better leverage technology investments, resources and assets, providing current and prospective clients
BlackRock is to acquire Tennenbaum Capital Partners, an investment manager focused on middle market performing credit and special situation credit opportunities. The acquisition augments BlackRock’s position as a leading global credit asset manager and advances its goal of providing clients
The team behind London-based credit investment specialist PVE Capital is forming Prosperise Capital. The establishment of Prosperise involves a new legal structure, new partners, new offices in London and further offices globally, but the original investment team and their credit
Baymarkets Technology (Baymarkets), a Nordic provider of FinTech solutions, has separated its current business into two independent companies, Reg&Tech Solutions AB (Reg&Tech) and Baymarkets AS. Reg&Tech Solutions AB is a new company created by three of the previous founders of
ACA Compliance Group (ACA) is to acquire Cordium, a provider of governance, risk and compliance (GRC) services. The financial terms of the transaction, which is expected to close this summer, subject to regulatory approvals, have not been disclosed. The complementary
Intercontinental Exchange (ICE) is to acquire the Chicago Stock Exchange (CHX), a full-service stock exchange, including trading, data and corporate listings services. Financial terms of the transaction, which is expected to close in Q2 2018, subject to regulatory approval, have
Heiwa Real Estate Co and Nomura Research Institute (NRI) are partnering to provide a fund hoteling service in the Kabuto-cho, Nihonbashi district in Tokyo providing start-up asset managers and foreign asset managers who want to operate in Japan with business
CME Group is to acquire NEX Group in a deal valued at USD5.4 billion. CME Group will pay GBP10 per share – a premium of around 3 per cent to the stock’s closing price on 28 March – consisting of
