Funds
Singapore Exchange (SGX) has secured court sanction for its acquisition of Baltic Exchange.
The court sanctioned its proposed scheme of arrangement under Part 26 of the UK Companies Act.
The acquisition is expected to be completed on 8 November 2016.
CACEIS offers private equity fund managers bridge financing solutions that allow them to delay the process of collecting capital commitments from investors, thereby enhancing the internal rate of return of the fund.
In such an arrangement, CACEIS provides Equity Bridge Financing to the manager – essentially a guaranteed line of credit – whereby the financing arrangement is agreed not on the asset but on the uncalled capital commitment from high quality investors.
"In other words, it is financing on the liability side of the fund rather than the asset side of the fund," comments Nicolas Palate, Head of Private Equity and
Gottex Fund Management has completed the second tranche of its recapitalisation, with some 20,000,000 newly issued shares now trading on the SIX Swiss Exchange.
Based on the issue price of CHF0.31 per newly issued share, the company expects to receive gross proceeds of CHF6.2 million in cash.
Arpad Busson (pictured), executive chairman, says: “The injection of fresh capital in two separate tranches in the last four months from such a diverse set of investors (institutional and high-net-worth individuals) is a vote of confidence in our vision as we continue positioning our business to meet the evolving needs of our
Moody Aldrich Partners (MAP) has acquired substantially all of the assets of Pittsburgh-based kWantix Trading and kWantix Trading Advisors.
In addition, MAP has entered into a long-term technology licensing agreement with kWantera, a Pittsburgh-based power market decision intelligence firm.
As part of the deal, Dr Kaiyu Shen, principal trader at kWantix, joins Moody Aldrich.
The business will continue to operate under the kWantix brand.
“The kWantix trading strategy is a unique quantitative addition to our platform,” says Eli Kent (pictured), managing partner of Moody Aldrich Partners, “its proven technology provides us with the foundation to develop an
Orchard Street Investment Management has launched its third special situations fund, which will invest in commercial property opportunities across the UK.
Singapore's sovereign wealth fund GIC Private (GIC) is a principal investor of the fund.
The fund will have an initial GBP150 million investment capacity and will look to acquire assets across the UK.
Philip Gadsden, managing partner at Orchard Street, says: “For an investor of the scale and reputation of GIC to have selected Orchard Street a third time to launch a fund is a strong endorsement of the strength of our working relationship. We are confident
Goldman Sachs Asset Management (GSAM) has launched an ETF seeking to track the Goldman Sachs Hedge Fund VIP Index, a proprietary index maintained by GSAM.
The index includes 50 “Very-Important-Positions” – US-listed stocks that most often appear in the top 10 holdings of over 650 hedge fund managers, managing over USD700 billion in equity.
GVIP is competitively priced to shareholders at 45 basis points (bps) and began trading on the NYSE Arca on 3 November with USD20 million in assets.
“We’re thrilled to be able to package these high conviction investment ideas from a broad array of professional
Online trading provider CMC Markets has increased its market share in the UK across all three product segments of financial spread betting (FSB), contracts for difference (CFDs) and foreign exchange (FX).
That's according to a survey of over 12,000 traders in the Investment Trends 2016 UK Leveraged Trading Report.
CMC Markets increased its market share in FSB from third to second position, from fourth to third position in CFDs and from fourth to third position in FX, all based on primary market share.
This growth has been driven by strong customer satisfaction, with CMC Markets achieving the highest rating
NuWave Investment Management, an alternative investment manager specialising in the application of systematic investment strategies, has launched the NuWave Short-Term Futures Portfolio.
The portfolio represents a new model set that is entirely focused on short-term directional trading opportunities, yet shares a common heritage with many of NuWave's existing trading methodologies.
It borrows key modelling concepts from the firm's core investment portfolios, the Combined Futures Portfolio and the Long/Short Portfolio (Equity Market Neutral).
The Short-Term Futures Portfolio employs a fully automated signalling and execution engine, while using a variety of intra-day modelling techniques to identify short-term price dislocations across
Fund managers have gathered in London to hear from the Cyprus Investment Funds Association (CIFA) about the opportunities in the country as an investment destination.
Held in conjunction with international law firm King & Wood Mallesons (KWM), Alter Domus, a provider of fund and corporate services, and the Bank of Cyprus, the event discussed Cyprus’ position following the UK’s vote to leave the European Union, led by senior panel members from all organisations.
Cyprus is fast becoming a location of choice for many promoters and fund managers, as evidenced by the existing 162 internationally recognised fund serviced providers already
Synchronicity Futures, a licensed commodity trading adviser (CTA), has launched the Commodity Long-Short Programme with a USD10 million commitment from the Dickson Family of Detroit, Michigan.
The programme aims to maximise long-term absolute returns with low correlation to both commodity and equity markets through a diversified and liquid portfolio of commodity futures contracts that are systematically managed.
The programme is designed to provide institutional money managers, registered investment advisors, and high-net-worth individuals with a diversified, liquid, and non-correlated product that can enhance the risk-adjusted returns of their existing portfolio holdings.
The programme can invest across 22 liquid commodity
