Man saw net outflows of USD1.0 billion in the first quarter of 2012, reflecting sales of USD3.1 billion and reduced redemptions of USD4.1 billion, according to the group’s interim management statement for the three months ended 31 March 2102. There was
Amundi’s acquisition of Smith Breeden Associates has been finalised following completion of the customary conditions of informing regulatory authorities and gaining approval from certain clients and shareholders. Smith Breeden Associates is now Amundi Smith Breeden. Paris, France-based Amundi
By Holland Grant – The Bahamas International Securities Exchange (BISX) was established as a private, for-profit company in September 1999 and is the only securities exchange in The Bahamas to be regulated under the Securities Industry Act, 2011. BISX was
Madrid-based alternative investment manager Próxima Alfa Investments has launched Próxima Global Markets, an Irish-domiciled Ucits III fund that employs hedge fund investment
Vanguard this week launched four Irish-domiciled Exchange Traded Funds (ETFs) on the London Stock Exchange. The new funds complement Vanguard’s existing ETF range and will give UK investors the opportunity to construct low-cost equity portfolios with greater international diversification. Vanguard
Deutsche Börse Group has completed its full acquisition of Eurex Zürich AG. Representatives of SIX Swiss Exchange/SIX Group AG and Deutsche Börse AG jointly finalised the transaction in Zurich and signed the corresponding closing documents. Deutsche Börse is to pay
RAB Capital has announced that investors in the Cayman-domiciled RAB Special Situations Fund Limited and the Delaware-based Special Sits LP have voted by a ‘considerable margin’ to approve
Alleghany has invested USD250m for a 6.25 per cent equity ownership interest in Ares Management, which is privately held, and also committed to invest up to USD1bn of capital in various existing and new Ares investment strategies. Through
Nikko Asset Management (Nikko AM) has acquired the Asia-Pacific investment manager Treasury Asia Asset Management Limited (TAAM). TAAM’s Singapore and Sydney-based team of eight highly experienced and successful investment professionals significantly enhances Nikko AM’s ability to provide institutional-quality Asian equity
In January 2012, the international derivatives exchanges of Eurex Group recorded an average daily volume of 8.2 million contracts (Jan 2011: 10.4 million). Of those, 5.5 million were Eurex Exchange contracts (Jan 2011: 7.1 million), and 2.7 million contracts were
