Nasdaq has made a USD190 million all cash recommended public offer to acquire Cinnober, a Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide. Nasdaq’s acquisition of Cinnober would strengthen its position as one of the world’s leading market infrastructure
Most hedge fund strategies were in negative territory for the first half of September, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. Sector rotations in equities, the US dollar reversal, the rise in bond yields and
Perpetual Corporate Trust, an independent provider of corporate trustee services to the managed funds industry and debt markets in Australia, has formed a strategic partnership with FundRock Management Company (FundRock). The collaboration will enable clients of both firms to leverage
Mariana Enevoldsen (pictured), Director at Estera, explains how the recent IPO of music investment fund Hipgnosis demonstrates how Guernsey continues to be popular and trusted by advisers and investors, and highlights the attractiveness of the island for alternative asset classes…
Sterne Agee, one of the oldest and largest privately held financial services firms in the US, has closed its purchase of London-based brokerage firm Yorvik Partners, which has been renamed Sterne Agee UK. The acquisition establishes Sterne Agee's first overseas
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
