The global mining giant Xstrata plc has confirmed that it has received an approach from and is in discussions with commodities giant Glencore International plc regarding an all share merger of equals “which may or may not lead to an
Close to 60 per cent of Alternative UCITS funds posted losses in August, pushing broad-based indices lower. The LuxHedge Global Alternative UCITS Index lost -0.41 per cent, bringing 2018 YTD to -1.43 per cent. Only one quarter of all funds
Bernheim, Dreyfus & Co is to allocate a capacity of EUR200 million for its two main investment vehicles – Diva Synergy and Diva Synergy UCITS, to Hyde Park Investment. The fund’s euro class returned +0.58% net of all fees last
Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has reported revenue growth of 20 per cent year-on-year so far in 2018. The company has seen a 23 per cent increase in the number
The National Futures Association (NFA) and Tullett Prebon have entered into an agreement that paves the way for NFA to perform regulatory services for Tullett Prebon’s swap execution facility (SEF). The Agreement establishes a preliminary framework for the exchange of
Punter Southall Group has taken 100 per cent ownership of fund management boutique PSigma Asset Management. PSigma Asset Management was formed in February 2007 as a joint venture – 50% owned by the founder partners and 50% by the
Total Assets under Management (AUM) in Europe increased by 10 per cent in 2017 to EUR25.2 trillion, according to the 10th edition of the European Fund and Asset Management Association (EFAMA) Asset Management Report. In relation to GDP, the value
While hedge funds’ performance and alpha were ‘honourable’ until the summer, analysis by Lyxor suggests that they erased about 2.5 per cent of alpha since June, with no turn in sight yet in September. Lyxor writes: “L/S Equity funds were
The SS&C GlobeOp Forward Redemption Indicator for September 2018 measured 3.35 per cent, up from 2.73 per cent in August. “SS&C GlobeOp’s Forward Redemption Indicator was 3.35 per cent for September 2018, a strong result. On a year-over-year comparative basis, the
Victory Capital is to acquire Harvest Volatility Management (Harvest), a specialist in derivative asset management with approximately USD12 billion in assets under management (AUM) as of 31 July 2018. On the closing of the transaction Victory Capital will have approximately
