GMEX Group has acquired a 25% stake, through its GMEX Technologies (GMEX TECH) subsidiary, in the Mauritius-based ALTX Africa Group Ltd (ALTX). ALTX wholly owns ALT-Xchange Ltd (ALTX Uganda) and ALT-X Clearing Ltd (ALTX Clearing). ALTX is also in discussions
Man Group’s range of UCITS funds now offers a daily dealing facility. The funds – Man AHL Trend and Man AHL Diversity – – were initially launched with a weekly dealing cycle and offer retail investors access to Man’s flagship
FRMO Corp has purchased a 37.57 per cent stake in the Bermuda Stock Exchange (BSX) and is now the exchange’s largest shareholder. Murray Stahl, chairman of FRMO, will be joining the BSX board of directors (Council). Stahl is also
The strength of alternative UCITS sector continued to grow with assets under management (AuM) increasing 41% to EUR 224.3 billion in 2014, according to the latest Alceda UCITS Review. 2014 proved a difficult year for active managers, with the AH
Seix Investment Advisors has launched a new product, the Energy Opportunities Strategy (EOS), the latest offering in a range of investment solutions for institutions and other sophisticated investors. The Energy Opportunities Strategy draws on Seix's experience in managing both traditional
Financial services software and provider SS&C Technologies is to acquire Advent Software, a provider of software and services for the global investment management industry. Under the terms of the agreement, SS&C will purchase Advent for an enterprise value of approximately
Spencer Capital Holdings is to acquire USA Risk Group an independent captive insurance manager. The transaction is subject to customary closing requirements and regulatory approval, and is expected to close during the first quarter of 2015. USA Risk currently serves
JonesTrading Institutional Services is to open a London office as part of a strategic initiative to expand its services to Europe. The move comes in response to client demand for regional expansion of the firm’s relationship based model for block
Nasdaq has launched an experimental pricing program with lower access fees for 14 stocks representing both small and large capitalisation companies traded on US equity listings venues. The program reduces the access fee to five cents per 100 shares from
The European Parliament voted to adopt the UCITS V Directive on 15 April 2014, settling any fears and uncertainties that political disagreement over the scope of the remuneration rules might scupper its approval. UCITS V will come into closer alignment
