Funds
Blockchain intelligence firm Elliptic and LexisNexis Risk Solutions have formed a strategic alliance that integrates LexisNexis Risk Solutions extensive anti-money laundering risk management data into Elliptic’s Bitcoin transaction monitoring and compliance products.
The two firms have built a proof-of-concept that leverages financial intelligence data from LexisNexis Risk Solutions and presents it alongside Elliptic’s proprietary risk scoring – providing financial services firms and other companies the ability for the first time to have bank-grade risk management on Bitcoin transactions.
Elliptic will now use LexisNexis Bridger Insight XG platform that includes its WorldCompliance database to identify whether Bitcoin transactions are linked to identities that are considered heightened-risk individuals
PEGAS, the pan-European gas trading platform operated by the French Powernext SA, saw a total volume of 86.1 TWh traded in July 2016 which represents a growth of 20 per cent compared to the previous year (71.6 TWh).
Spot trading volumes in July reached 40.3 TWh, which amounts to an increase of 55 per cent compared to the previous year (26.0 TWh). On the Dutch market area TTF, 12.5 TWh were traded, 69 per cent more than in July 2015 (7.4 TWh). The German NCG and GASPOOL hubs together registered the biggest share on PEGAS Spot with a total of
Nikko Asset Management is launching a Luxembourg domiciled Global Credit UCITS fund on 3 August 2016. The fund is managed by Head Portfolio Manager – Global Credit, Holger Mertens (pictured) and supported by its experienced Global Credit teams based in London, Tokyo, Singapore, Sydney, Auckland and New York.
“We believe credit is most effectively managed within a global context, allowing fundamental research to determine asset allocation and security selection, tempered by awareness of the asymmetric risks of credit exposures,” says Mertens.
The fund aims to target an excess return of 1.5 per cent against the Barclays Global Aggregate Corporate Index
Institutional and private client service provider JTC has acquired Arcange REIM in Luxembourg, enabling it to launch a new AIFM management company (ManCo) business as it continues to enhance its range of European alternative fund services.
The acquisition of Arcange REIM, which was one of the first Luxembourg based independent management companies to comply with the Alternative Investment Fund Managers Directive (AIFMD), was completed on 6 July following approval from the Commission de Surveillance du Secteur Financier (CSSF).
The new ManCo is called Global AIFM Solutions. A wholly owned subsidiary of JTC, Global AIFM Solutions will offer a fully AIFMD-compliant
Colt and Korean financial IT provider Koscom are forming a global securities network partnership to provide ultra-low-latency connectivity between capital markets participants in Korea and the world’s major stock and derivatives exchanges.
As part of this collaboration, Koscom, which was founded by Korea’s Ministry of Finance and the Korea Stock Exchange, will use Colt’s low-latency global network service infrastructure to complement its own exclusive financial network in Korea, Stock-Net. The multi-year leverages each other’s local and global network and exchange colocation footprints, as well as the respective sales and service operation resources in Korea and around the globe.
The
CBOE Holdings has declared an increased dividend of USD0.25 per share for the third quarter of 2016, representing a 9 per cent increase compared to the prior quarter's dividend of USD0.23 per share.
The third quarter dividend is payable on 16 September, to stockholders of record as of 2 September 2016.
"This dividend increase reflects our ongoing commitment to return cash to stockholders while investing in our strategic growth initiatives to deliver strong returns to our stockholders long term," says Edward T Tilly (pictured), CBOE Holdings chief executive officer.
G10 Capital, an affiliate of Lawson Conner, is to be appointed as an alternative investment fund manager (AIFM) by Gresham House Asset Management in order to provide alternative fund management services to LMS Capital.
The LMS portfolio, valued at just over GBP92 million, will form a key component of Gresham House's strategic equity division and leverage the private equity capability of the team.
The award of this investment mandate is in-line with the company's stated strategy to develop its alternative asset management platform, build AUM, both organically and through acquisition, and to grow earnings through asset management and performance
MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, is to acquire Guggenheim Investment’s 1940-Act mutual fund administration business, Rydex Fund Services.
The transaction is expected to close in the fourth quarter of 2016, subject to regulatory approvals and customary closing conditions.


When complete, the acquisition will provide MUFG Investor Services with a full service offering for investment managers, adding regulated 1940 Act mutual fund and exchange traded fund services expertise to its service proposition, which spans single manager, fund of hedge fund, private equity and real estate funds, pension funds and traditional asset managers.


The global private credit market, an alternative source of financing for small and medium sized enterprises, is flourishing with institutional capital supporting increased lending in Europe in particular, according to a report by the Alternative Credit Council (ACC) and Deloitte.
The private credit market has grown from USD440 billion last year to USD560 billion today.
The research, Financing the Economy 2016, found that institutional capital is boosting lending in Europe and much of this growth has been driven by demand from European businesses. However, the US still remains the largest private credit market, both in terms of overall assets
Euronext has reported its most profitable quarterly results since its initial public offering (IPO) with revenue in the second quarter of 2016 increasing by 1.7 per cent to EUR132.3 million from EUR130.1 million a year earlier, driven by strong performance in the listing and market data businesses.
This performance more than offset slower trading conditions in the company’s cash and derivatives businesses, which saw lighter volumes as investors reduced risk exposure ahead of the UK referendum on 23 June 2016.


Quarterly operational expenses excluding depreciation and amortisation decreased by 9 per cent to EUR54.6 million (Q2 2015: EUR60 million). These
