Funds
The Luxembourg Stock Exchange (LuxSE) has listed the first ever Reserved Alternative Investment Fund (RAIF). The new RAIF was brought to market by Finexis and has been listed on the Euro MTF market.
RAIFs are a new type of vehicle that combine the characteristics and structures of specialised investment funds (SIFs) and investment companies in risk capital (SICARs) qualifying as Alternative Investment Funds (AIFs). However, unlike traditional AIFs, RAIFs are not subject to approval from Luxembourg’s regulator, the Commission de Surveillance du Secteur Financier, also known as the CSSF.
The Law of 23 July 2016, which came into effect
SEI has acquired Archway Technology Partners, a provider of operating technologies and services to the family office industry and the institutions who service that market.
SEI says the move will allow it to better serve the family office segment, and address additional verticals, including institutions, investment advisors, private banks, hedge funds, and private equity funds.
“This announcement represents a modest shift in SEI’s long-held belief in purely organic growth. We believe there is value in growing through carefully considered strategic acquisitions that add to our expanding geographic footprint, market reach, platform functionality and expertise,” says Alfred P West, J, Chairman and
Preqin’s latest research examines two ways of defining emerging hedge funds (EHFs); ‘small’ first-time funds with USD300 million or less in AUM, or ‘new’ first-time funds with a three-year track record or less.
Preqin finds that each group has posted higher returns across 12-month and 3- & 5-year annualised horizons compared to the wider fund industry. ‘New’ EHFs in particular have posted higher rolling 12-month performance than the wider industry for most of the past five years. While this level of performance has historically been accompanied with a higher level of volatility, three- year volatility for ‘new’ EHFs has converged
ICE Endex is now a fully owned subsidiary of Intercontinental Exchange (ICE), following ICE’s acquisition of the remaining 20 per cent stake of ICE Endex shares from NV Nederlandse Gasunie.
Terms of the deal have not been disclosed.
In addition, ICE and Gasunie have signed a Memorandum of Understanding (MOU) which sets out the basis for further cooperation between the two parties in relation to the operation of the Dutch gas and power markets following ICE’s acquisition of the Gasunie Shares.
“Gasunie have been terrific partners in building ICE Endex and in growing the Dutch TTF gas futures
The June 2017 average daily transaction value on the Euronext cash order book stood at EUR8,242 million, relatively stable (-1.2 per cent) compared to June 2016 and down 2.7 per cent from the previous month.
The average daily transaction value on ETFs was EUR414 million, down 39.4 per cent compared to June 2016 and down 24.5 per cent from the previous month. Our ETF offering increased this month with 822 listings at the end of June compared to 790 end of 2016.
The average daily volume on equity index derivatives reached 247,489 contracts in June 2017, up 1.1 per
Pan-European private equity firm IK Investment Partners’ (IK) IK Small Cap I Fund is to acquire a minority stake in Third Bridge, a primary research provider. Financial terms of the transaction have not been disclosed.
Third Bridge provides its clients with insights into companies and markets through access to industry experts and market research. Serving a client base of over 300 customers, including private equity funds, consulting firms, hedge funds and corporates, Third Bridge has a global footprint, with six offices covering America, Asia and Europe. Since inception in 2007, the Company has doubled its turnover every two years, and
The UK was the main culprit for the biggest decline in the S&P Europe 350 since the UK voted to leave the EU, according to analysis carried out by Tim Edwards (pictured), senior director, index investment strategy at S&P Dow Jones Indices.
Separately, the S&P Italy Sovereign Bond Index was the best performing bond index in the attached S&P Dow Jones Indices Europe Dashboard for June.
Edwards says : “In what proved to be a challenging month across the board for European markets, the S&P Europe 350 posted its biggest monthly decline since the U.K. voted to leave the
Lorne Park Capital Partners has signed a letter of intent (LOI) to purchase all of the outstanding securities of Crestridge Asset Management (Crestridge), an independent portfolio manager based in Toronto.
Crestridge provides discretionary investment management and wealth management services for individuals, trusts and foundations with clients across Canada. As of 31 May, 2017, Crestridge had approximately CAD120 million in assets under management.
“We are confident that we have found a new partner in Crestridge that shares similar perspectives on investment management and a commitment to delivering tailored investment solutions to affluent families,” says Robert Sewell, (pictured), Chief Executive Officer
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 167.7 TWh in June 2017, including 108.1 TWh traded on its futures segment. The overall volume increase of 34 per cent was supported by new high marks on the CEGH VTP and ZTP delivery areas.
Spot trading volumes in June reached 59.6 TWh , which represents an increase of 48 per cent compared to the previous year (40.2 TWh). The volume on the Dutch TTF market area amounted to 15.5 TWh, a growth of 26 per cent compared to June 2016 (12.3 TWh). The German delivery
Following the launch of futures and options on the popular MSCI EAFE index that represents the developed markets of Europe, Australasia and the Far East, Eurex has become the only exchange that offers futures and options on all major MSCI indexes.
And with the introduction of futures on the EURO STOXX 50 Corporate Bond Index, Eurex is the first mover offering an exchange traded market for the corporate bond segment in Europe.
The new products meet the market’s needs, especially those of the buy side whose investment behaviour is undergoing structural changes. Passive products like Exchange Traded Funds (ETF)
