Funds
Euronext has expanded its Spotlight segment with options on the shares of Refresco Gerber, a European bottler of soft drinks and fruit juices for retailers and A-brand owners.
The new options that are available for trading on the Amsterdam market follow the company’s recent successful IPO on Euronext Amsterdam.
The Spotlight segment is dedicated to the development of new option classes requested by market participants, on its Amsterdam and Brussels derivatives markets. The Spotlight options on Euronext-listed underlying values have short-term maturities of one, two and three months. The combination of added liquidity and visibility allows the option classes
Four Wood Capital Partners (FWCP) has launched a new closed-end fund, Eagle Growth & Income Opportunities Fund, which has priced its initial public offering and begun trading on the New York Stock Exchange under the symbol “EGIF.”
Four Wood Capital Advisors (FWCA), a subsidiary of FWCP, serves as Investment Advisor and Eagle Asset Management and Recon Capital Partners, LLC serves as Sub Advisors to the Fund. The Fund raised approximately USD121.5 million in its common share offering, excluding any exercise of the underwriters’ option to purchase additional shares. If the underwriters exercise that option in full, which may or may
Deloitte has formed an alliance with Recommind to deliver a managed service to investment banks, transforming the way Over-the-Counter (OTC) International Swaps and Derivatives Association (ISDA) agreements are managed.
The new offering will consist of a Deloitte service wrapping around Recommind’s Perceptiv Derivatives Contract Analysis technology in the firm’s managed service layer to ensure optimal service delivery. The SaaS platform handles the process of sifting through thousands of counterparty agreements to identify the data traders need to drive profits, including eligible collateral, interest rates, termination events, netting, thresholds and independent amounts.
“The notional amounts outstanding of OTC derivatives stood
Future economic growth and development in Asia is inextricably tied to the funding of infrastructure projects on the continent at present. In this extract from Preqin Infrastructure Spotlight – June 2015, Oliver Senchal examines the current state of the Asian infrastructure market, detailing fundraising, fund managers, investors and deals in the region.
Unlisted infrastructure fundraising
The unlisted infrastructure market in Asia remains a difficult place to raise capital; only six funds closed last year raising an aggregate USD2.7 billion and only three vehicles have held a final close so far this year (Fig 1). At this rate, 2015 is
Lawson Conner has launched ‘FinTechPLUS’, a programme to help FinTech startups to launch their new businesses quickly, compliantly and cost-effectively, with the support of an experienced team of entrepreneurs, compliance and regulatory experts.
The ‘FinTechPLUS’ programme is designed for companies offering e-money, payments, consumer loans, crowdfunding and other financial technology related services currently revolutionising the banking and finance sectors. The programme includes a number of innovative solutions, one of which is the FinTech Regulatory Incubator Platform ‘FinTIP’, which allows selected companies to become authorised in less than a month and at a fraction of the cost usually associated with
Asset under custody for private funds at Millennium Trust Company, a provider of alternative asset custody solutions to institutions, advisors, and individuals, have surpassed USD5.6 billion as of 1 June, 2015.
This represents an increase of USD600 million within the last six months. The firm’s total assets under custody exceed USD13.5 billion.
“We have experienced strong growth in all areas of Millennium’s business,” says Scott McCartan, chief executive officer of Millennium Trust Company. “However, we continue to see substantial acceleration in growth from our Private Fund Custody (PFC) service. We launched this business in late 2010 to address the
Liquidnet has launched Liquidnet Dark IEX, a new order routing strategy that gives the buyside the ability to access Liquidnet’s market-leading institutional liquidity pool while working their orders within IEX.
This proprietary algorithm was designed to give the buyside broader access to block liquidity and a safer way to trade large orders while minimising market impact.
“We are always looking to provide our Members with better access and more control over their block orders. Traders can now work their orders safely and securely within both Liquidnet and IEX. This is one more way that we are providing the
The Greek debt issue has become a never-ending saga, says Penny Lovell, Head of Private Client Services, Close Brothers Asset Management…
Have you ever watched "Game of Thrones"? "Breaking Bad"? or "Californication"? As rewarding as a blockbuster series might be, watching a story without an end in sight can become, at times, tedious. But they do all eventually end, albeit some more explosively than others. Yet, six years into the elongated recovery, we have witnessed the Greek debt issue become a never-ending saga, less like “Game of Thrones” and more like the “Bold and the Beautiful” (now into its 28th year!).
Ipreo is to launch Investor Access, allowing investors to electronically submit Indications of Interest (IOIs) on fixed-income issuances directly into Ipreo’s syndicate-to-syndicate communications platform for the primary new-issue markets, IssueNet.
A Bank-sponsored initiative, Investor Access will allow the buy-side clients of sponsoring banks to be alerted to new-issue announcements, receive structured information on their terms and conditions, set subscription alerts based on key parameters, submit and manage their IOIs and orders, and receive electronic notification of allocation and pricing details and other deal-related information such as prospectus and final terms.
“Having worked closely with the buy side over the past
Orangefield Group is to acquire USA2Europe, a corporate service provider providing Global Outsourcing services to North American Technology companies.
With this acquisition Orangefield has increased its global presence, including USA2Europe’s representatives, with 24 additional countries – reaching a total of 45 countries where client support is offered.
USA2Europe was founded in 2004 and currently supports more than 250 legal entities in 40 countries worldwide. The acquisition is to be effective on July 1st 2015.
Andy Hooper – CEO of USA2Europe, says: “My team and I are delighted to become part of Orangefield Group; we feel we are joining a like-minded
