Funds
Following the announcement in December 2020 that Link Group had signed an agreement with Banor Capital for the acquisition of Casa4Funds, the deal is now complete following regulatory approval from the CSSF.
The acquisition provides additional scale for Link Fund Solutions in Luxembourg, Europe’s largest investment fund centre. It also provides access to Casa4Funds’ extensive experience in a wide range of traditional and alternative asset classes including hedge funds, private equity, real estate and debt.
Jean-Luc Neyens, Managing Director, Fund Solutions Luxembourg, Link Group, says: “The completion of our acquisition of Casa4Funds, one of Europe’s oldest third-party UCITS Management
July volumes for EEX Groiup’s Intraday Power markets grew by 12 per cent y-o-y, with Spanish Power Futures up by 22 per cent.
As of 27 September, EEX will extend calendar year expiries for this market as well as for German and Italian Power Futures to 10 years, to facilitate long-term hedges
EEX has also reported a continued increase in the UK (+77 per cent), Nordics (+94 per cent) and Austrian (+155 per cent) Power Futures, while Japan Derivatives Power is still extremely bullish with 362.5 GWh.
European Natural Gas Spot and Derivatives are up 27 per cent and 9
London hedge fund manager, Florin Court Capital, is expanding into the UAE by partnering with the Abu Dhabi Investment Office (ADIO) under its USD545 million Innovation Programme.
B Riley Financial, a diversified provider of business advisory and financial services, has acquired the investment advisory business of 272 Capital.
Led by Wes Cummins, the growing registered investment advisor employs an in-depth primary fundamental research approach to its long/short investment thesis, specialising in small cap equity securities. This addition closely aligns with B Riley’s focus on active small cap management and serves to complement both firms’ investment offerings for institutional and individual high-net-worth clients.
Bryant Riley, Chairman and Co-Chief Executive Officer of B Riley Financial, says: “Expanding our asset management base remains one of our highest priorities. Wes and
AxiaFunder, Europe’s first for-profit litigation funding platform, has secured GBP1.9 milliion from investors since launching in January 2019, with a 100 per cent success rate on completed cases.
Co-founded by investment banker Cormac Leech and entrepreneur Sophie Liu, AxiaFunder has fully funded a total of 13 cases via its platform so far, winning all five that have been concluded with an average investor return of 55 per cent, and as high as 94 per cent.
The other eight cases remain ongoing including a software case in Barcelona, AxiaFunder’s first international case. Two further litigation investment opportunities have recently been added
Stockholm-based Brummer & Partners’ flagship multi-strategy hedge fund vehicle remains flat for the year after ending July close to zero, with its equities-focused strategies suffering negative performance last month.
Brummer Multi-Strategy (BMS) fell 0.1 per cent in July in both its SEK and dollar-denominated classes, with the twice-levered BMS 2xL version down 0.3 per cent in both classes.
Overall, the BMS vehicle remains flat year-to-date at 0.2 per cent, with the twice-levered strategy returning 0.0 per cent in the seven month-period since the start of January, having ended the first half of 2021 in broadly similar territory, the Swedish fund
Bitwise Asset Management, a crypto index fund manager with over USD1.0 billion in AUM, has launched the Bitwise Uniswap (UNI) Fund and the Bitwise Aave (AAVE) Fund.
These two new strategies join the Bitwise DeFi Crypto Index Fund in simplifying access to the emerging decentralised finance (DeFi) space for professional investors.
“There is growing demand from financial advisors, hedge funds, institutions, and other professional investors for exposure to the fast-growing DeFi markets,” says Matt Hougan, CIO of Bitwise. “Uniswap and Aave are the two largest DeFi protocols in our DeFi index, and are the largest decentralised exchange and decentralised lending
The European Energy Exchange (EEX) is set to start the admission process for the sell-off of nEHS certificates within the national Emissions Trading Scheme (“nEHS”) in coordination with the German Federal Environment Agency.
The instrument will set a CO2 price for the heat and transport sectors at a national level for the first time with sales via EEX to be launched in October 2021.
All CO2-causing fuels, especially petrol, diesel, heating oil, liquid gas, natural gas and from 2023 onwards coal, are included in the nEHS. Those companies and organisations which place fuels on the market, for example natural gas
CME Group, the world’s leading and most diverse derivatives marketplace, has reported July 2021 market statistics, including average daily volume (ADV) of 17.1 million contracts during the month, the highest ever recorded.
Interest rate monthly ADV increased 96 per cent, with SOFR futures ADV up 221 per cent, Ultra 10-Year US Treasury Note futures up 125 per cent, and Eurodollar futures and options increasing 121 per cent and 119 per cent respectively. Interest Rate options meanwhile grew 104 per cent, while Treasury futures rose 82 per cent and options increased 88 per cent.
Options ADV increased 55 per cent,
KB Associates (KBA), a professional services firm advising investment funds and asset managers, has completed its acquisition of EFG Fund Management, a Luxembourg-based management company and subsidiary of EFG International AG, the Swiss Private Banking Group (EFG).
The transaction was agreed in February 2021 and has now been completed after receiving regulatory clearance.
KBA specialises in the provision of management company, governance and compliance services to investment funds and asset managers. Founded in 2003, Dublin-headquartered KBA also has offices in London, Cayman Islands, Malta and now Luxembourg. KBA has over 80 consultants and works with over 250 asset management
