Euronext has closed a share swap of its 2.3 per cent stake in LCH Group for an 11.1 per cent stake in LCH SA, becoming minority shareholder in the business in the process. Following the swap, Euronext will maintain representation
First Eagle Investment Management (First Eagle) has completed its previously announced acquisition of NewStar Financial Inc, a lender and investment manager specialising in direct lending to middle-market companies and management of broadly syndicated loans. NewStar’s credit platform and investment teams
Crédit Agricole has finalised its acquisition of Natixis’ 15 per cent stake in CACEIS. As a result, it now controls 100 per cent of the share capital of the business. With approximately EUR2.6 trillion in assets under custody, EUR1.7 trillion
Activist hedge fund Cevian Capital has agreed to sell its entire shareholding in AB Volvo (Volvo) to Zhejiang Geely Holding Group (Geely Holding), subject to regulatory approval. The acquisition comprises 88.47 million A-shares and 78.77 million B-shares, corresponding to 8.2 per
Three weeks after the approval of bitcoin futures by the Commodity Futures Trading Commission in the United States, niche index provider Solactive is launching the Solactive Bitcoin Front Month Rolling Futures 5D Index, an index tracking the performance of XBT
Truvalue Labs, a specialist in AI-driven environmental, social and governance (ESG) data, has launched a raft of enhancements to its ESG data platform, including the integration of the final codified Sustainability Accounting Standards Board (SASB) framework, expanded company coverage to
The SS&C GlobeOp Forward Redemption Indicator for December 2017 measured 4.18 per cent, up from 3.91 per cent in November. “SS&C’s Forward Redemption Indicator of 4.18 per cent for December 2017 compares very favourably with the 5.67 per cent reported
Fewer than half of hedge fund managers are currently applying environmental, social and governance (ESG) factors in making equity investment decisions. But, for those that do, the impact on their portfolios is considerable and growing, according to the Backstop-BarclayHedge Fund
New hedge fund launches exceeded liquidations on a quarterly basis for the first time in over two years, as improved investor risk tolerance and declining costs drove total hedge funds industry capital to a record USD3.16 trillion in Q3 2017.
APEX Token Fund (APEX), a San Francisco-based investment manager, has launched a tokenised cryptocurrency-focused fund of hedge funds, allowing investors access to a diversified portfolio of assets managed by a selection of top performing cryptocurrency hedge funds. Investors can buy
