Funds
Euronext has completed the acquisition of Oslo Bors VPS and now own 97.8 per cent of the total issued and outstanding share capital of the exchange.
The unconditional offer launched by Euronext on 31 May 2019, and recommended by the Board of Directors of Oslo Børs VPS, for all issued and outstanding Shares not already owned by it remains open for Acceptance until 28 June 2019 at 18:30 Central European Time.
Euronext will in due course initiate a compulsory acquisition procedure to acquire any remaining shares not tendered in accordance with the rules of the Norwegian Public Limited Companies Act.
Prestige Funds, is launching two new distribution share classes for its recently launched Prime Alternative Finance – Luxembourg SICAV.
The Fund is an open-ended direct lending operating in both asset finance and project finance focusing on the UK agriculture sector, particularly SMEs.
The new share classes are:
• Distribution ID share classes are aimed at institutional investors with a minimum investment of EUR 1,000,000 (or currency equivalent) and quarterly liquidity (on 90 days’ notice)
• Distribution D share classes are aimed at advisory investors with a minimum investment of EUR 125,000 (or currency equivalent) and quarterly liquidity (on 30 days’
Refinitiv has made a strategic investment in alternative data platform and marketplace BattleFin forming a partnership which will provide customers with access to alternative datasets across its data platforms, including quantitative data management platform QA Direct in the Cloud.
Quants and fundamental analysts will be able to access and test different alternative datasets alongside Refinitiv’s data offerings, such as I/B/E/S Estimates, WorldScope Fundamentals, and StarMine Quantitative Models. A sub-set of Refinitiv’s proprietary content will also be made available for testing within BattleFin’s alternative data marketplace Ensemble.
Alternative datasets within Ensemble’s platform will be mapped to Refinitiv’s entity and security
Alternative asset manager Cheyne Capital Management (Cheyne Capital) has closed its inaugural European Strategic Value Credit Fund (SVC) having scaled back subscriptions to the Fund’s capacity limit of EUR1 billion.
The Fund, launched one year ago and managed by veteran credit investor Anthony Robertson, employs a value-oriented, opportunistic credit strategy which seeks to capitalise on the accelerated sell-down of legacy mid-market corporate loans by European banks, and to take advantage of increased dislocation and heightened illiquidity in sub-investment grade credit markets as the current late-stage credit cycle advances.
The Fund’s investor base comprises a wide range of institutional investors across
The pace of hedge fund redemptions slowed in April but continued for a second straight month with USD9.4 billion in net outflows worldwide, down from USD11.0 billion in March. Despite the outflows, industry assets under management increased to more than USD3.09 trillion due to USD33.6 billion of trading profits for the month.
April redemptions represented 0.3 per cent of hedge fund industry assets, according to the Barclay Fund Flow Indicator, published by BarclayHedge, a division of Backstop Solutions.
Recession fears stoked by an inverted yield curve, threats of escalation in the US-China trade dispute and ongoing uncertainty over the UK’s
INDOS Financial, an independent fund depositary and oversight business, has appointed Seymour Banks as Head of ESG – Environmental, Social & Governance.
Banks will be responsible for leading and developing INDOS’s independent ESG screening and verification service to asset managers and their stakeholders.
Banks has over 20 years of experience in the investment management industry, predominantly in the alternative asset space. Before INDOS, he was CEO of Hilltop, a boutique fund of fund business and prior to that a Managing Director of Signet Capital. His investment management career started in 1996 at Barclays Global Investors where he was involved
Intertrust, a global provider of administrative services to corporate, fund, capital markets and private wealth clients, has acquired Viteos, a provider of technology solutions for hedge funds, private equity, real estate, private debt and other alternative asset managers, from PPC Enterprises, FiveW Capital and Viteos management.
Viteos has approximately 715 employees and operates a global delivery model with its headquarters and sales team in the US supported by Centres of Excellence in India. Viteos delivered revenues of USD 52 million, 94 per cent in the US, having grown at an organic CAGR of 22 per cent over the last two
Alma Capital Investment Management is to acquire DWS’s Hedge Fund UCITS business, which provides investors with access to liquid alternative investment strategies in regulated UCITS funds through the DB Platinum fund range.
The DWS Hedge Fund UCITS business selects third party hedge fund managers to build regulated UCITS funds which it distributes to an institutional client base. The platform has EUR2 billion in AuM (as of 31 March 2019) across six hedge fund UCITS using a broad range of strategies including alternative credit, event driven, managed futures and global macro. Investors are spread across the UK, Switzerland, Germany, Spain, France,
By Beatrice Bedeschi – Oil production has the potential to contribute to curbing carbon emissions thanks to a new technique that involves capturing CO2 directly from the air and storing it underground as part of oil upstream processes, according to industry experts.
The process of increasing oil production by pumping CO2 underground, known as Enhanced Oil Recovery (EOR) is already common in the oil sector, however energy companies are now looking at using CO2 captured from the air, which would allow the production what could be considered ‘carbon-negative’ oil, Cristophe McGlade, senior analyst at the International Energy Agency (IEA), says.
The Market’s Compass (TMC), a provider of technical research and consulting services, is making its suite of ETF studies available to institutional investors, registered investment advisers, hedge funds and individual investors.
“A quantitative model like this has never been seen in the market, making it both unique and valuable to our clients,” says Timothy Brackett, Founder and CEO of TMC. “Together with my team we have developed a proprietary technical ranking system, that combines unexampled data visualisation and time-honoured technical tools.”
Mathew Verdouw, CMT, CFTe, CEO of Optuma, says: ”Tim Brackett is an incredible Technical Analyst who has dedicated the
