Funds
Shareholders of Saxo Bank Group (Saxo), a leading multi-asset trading and financial-technology firm, have received an offer from Sampo Group, a leading Nordic financial services group, to take up a stake of 19.9 per cent of the bank.
In May 2017, it was announced that Geely Financials Denmark A/S, a subsidiary of Zhejiang Geely Holding Group Co, Ltd (“Geely Group”), had made an offer to buy 30 per cent of the shares of Saxo. Geely Group has offered to buy more shares and will thus become majority shareholder with a total of 51.5 per cent.
TPG Capital and SinarMas
Fluxys Belgium is to simplify its services for ZTP physical trading (formerly Zeebrugge Beach services) as from 1 October 2017. The PEGAS trading platform will enhance its services accordingly.
Fluxys Belgium will simplify its services for ZTP physical trading by harmonising the operational rules with those for ZTP notional trading services.
Huberte Bettonville , Director Commercial Regulated of Fluxys Belgium, says: “Our new approach for ZTP physical trading marks a clear step forward as solving flow reductions at the border or unmatched flow nominations no longer require back-up services and a financial guarantee. PEGAS now can offer automatic nomination
Intercontinental Exchange’s (ICE) ICE Low Sulphur Gasoil futures contract achieved a new open interest record of 1,004,645 contracts on 26 September, 2017, surpassing 1 million contracts for the first time.
The previous open interest record was 999,264 contracts on 25 September, 2017.
This record reflects an expanding diesel market and demonstrates a strong growth in liquidity as market participants rely on ICE Low Sulphur Gasoil to hedge exposure to diesel prices. The ICE Gasoil futures complex includes a comprehensive range of oil products, including 50 contracts that price as a differential to Low Sulphur Gasoil including options, differentials and
The Exchange Council of the European Energy Exchange (EEX) held its third meeting of 2017 in Paris. The meeting was chaired by Dr Michael Redanz (pictured), Managing Director of EWE Trading GmbH.
The Exchange Council discussed a wide range of topics, including the significant volume growth of the Phelix-DE Future since launch, as well as EEX’s implementation strategy ahead of the upcoming MiFID II deadline.
The Exchange Council was particularly encouraged that the Phelix-DE Future has quickly established itself as the new benchmark in European power. Since launching in April 2017, increased confidence from market participants has resulted in
Singapore Exchange (SGX) has reported a daily volume record for its SGX INR/USD futures contract, with a total of 108,417 contracts traded on 22 September 2017, translating to a notional value of USD 3.34 billion.
SGX INR/USD is SGX’s most actively traded FX futures contract, and recent volume growth has extended SGX’s market share to more than 40 per cent.
SGX also recorded its highest ever daily volume for SGX USD/CNH on 8 September 2017, with 25,857 contracts traded. This represents a total of USD 2.59 billion traded, reaffirming SGX USD/CNH as the most traded listed offshore RMB futures
The company created to assume portfolio management of the Canadian diversified asset business of Sprott Asset Management, has been re-named Ninepoint Partners.
The rebranding completes the transition initiated with the 1 August, 2017 management-led buyout of the diversified asset business from Sprott Inc.
“We’re excited about the launch of Ninepoint Partners,” says James Fox, Managing Partner of Ninepoint Partners. “Our plan is to continue managing as well as developing investment products that address some of the bigger portfolio challenges that investors face, like finding yield and adding meaningful diversification to a portfolio.”
“We are thrilled to be launching our newly
Intercontinental Exchange (ICE) has launched the NYSE FANG+ Index, an index that provides exposure to a select group of highly-traded growth stocks of next generation technology and tech-enabled companies. On 8 November, 2017, ICE Futures US plans to launch a quarterly futures contract based on the new Index, subject to regulatory review.
The NYSE FANG+ Index is equal-weighted and will initially consist of the five core FANG stocks, including Facebook, Apple, Amazon, Netflix and Alphabet’s Google, plus another five actively-traded technology growth stocks – Alibaba, Baidu, NVIDIA, Tesla and Twitter. Starting today, the real-time NYSE FANG+ Index will be calculated
EEX Group has joined the #We4Europe business initiative making a stand against Euroscepticism and for the European Union.
#We4Europe is an association of companies operating internationally and pursuing the aim of highlighting the advantages of the European Union. The initiative was founded by Peter Terium, Chief Executive Officer of Innogy and former CEO of RWE. Together with Deutsche Börse Group and another 18 renowned German companies, EEX Group advocates a united and strong Europe with this commitment.
Against the background of increasing scepticism and a crisis of confidence in the European Union, nine companies published a statement on the #We4Europe
Eurof Uppington (pictured) is the manager of disruptive innovation strategy at EUR1.5 billion Quaero Capital.
The former long/short technology fund manager is launching a long/short market neutral fund for Quaero, designed to focus on the unexpected pace and impact of radical change. Three areas in particular will benefit from disruption, he believes. Factory automation, pharmacy and the retail sector.
“There is a confluence of different trends,” he says. “Technologies are becoming sufficiently cheap and fool proof for them to be used by everybody.”
The technologies of computing, connectivity, the internet of things, artificial intelligence and robotics automation are part of
Most hedge fund strategies are in positive territory this month, with fixed income arbitrage, event-driven and L/S equity strategies are up in excess of 1 per cent so far, according to the latest Weekly Brief from Lyxor’s Cross Asset Research Team.
The Lyxor Event-Driven broad index is up 7 per cent year to date, with a balanced contribution from merger arbitrage and special situations. On the merger side, positions in the health care sector contributed to gains last week. On a negative note, CTAs gave back some gains last week and stand in the red month to date as a
