Funds
Seix Investment Advisors has launched a new product, the Energy Opportunities Strategy (EOS), the latest offering in a range of investment solutions for institutions and other sophisticated investors.
The Energy Opportunities Strategy draws on Seix's experience in managing both traditional and opportunistic credit portfolios. The firm’s in-depth, fundamental research capability enables Seix to identify opportunities in the various sub-sectors within the energy industry. Its Leveraged Finance research team is composed of industry specialists with an average of 17 years of work experience.
"Energy-related high yield spreads are their widest since the previous peak in 2008. This signals a potential opportunity
Financial services software and provider SS&C Technologies is to acquire Advent Software, a provider of software and services for the global investment management industry.
Under the terms of the agreement, SS&C will purchase Advent for an enterprise value of approximately USD2.7 billion in cash, equating to USD44.25 per share plus assumption of debt.
Advent has more than 4,300 customers including asset managers, hedge funds, fund administrators, prime brokers, family offices and wealth management advisory firms, located across more than 50 countries worldwide. Headquartered in San Francisco, California, with more than 1,200 employees worldwide, Advent generated revenues of USD397 million for
Spencer Capital Holdings is to acquire USA Risk Group an independent captive insurance manager. The transaction is subject to customary closing requirements and regulatory approval, and is expected to close during the first quarter of 2015.
USA Risk currently serves over 300 clients, holding $9 billion assets under management. Financial terms of the transaction were not disclosed.
USA Risk is an independent captive insurance manager founded in 1981 by H Lincoln Miller, Jr, a leader in helping to enact legislation enabling Vermont to become the pre-eminent captive domicile within the United States. USA Risk has since established member companies in
JonesTrading Institutional Services is to open a London office as part of a strategic initiative to expand its services to Europe.
The move comes in response to client demand for regional expansion of the firm’s relationship based model for block trading and execution services as well as for the firm’s ancillary capital market and independent research services.
JonesTrading International Limited has been an FCA registered broker since 2002. JonesTrading is now expanding and will have a London office fully operational by Q2 2015. It will expand its client base with a focus on cross border trading between Europe and the
Nasdaq has launched an experimental pricing program with lower access fees for 14 stocks representing both small and large capitalisation companies traded on US equity listings venues.
The program reduces the access fee to five cents per 100 shares from 30 cents per 100 shares in 14 stocks and reduces the rebates for liquidity provision on The Nasdaq Stock Market. This experiment will generate much-needed data about the impact of the level of access fees on areas that matter most to investors and public companies such as the level of off-exchange trading, price discovery, trading costs, displayed liquidity and execution
Guggenheim Securities International, the international investment banking and capital markets division of Guggenheim Partners, has commenced operations, providing sales and trading services for European clients.
"Guggenheim is pleased to extend its broadened securities platform to deliver thoughtful solutions and ideas to European institutional clients," says Alan Schwartz, CEO of Guggenheim Securities and Executive Chairman at Guggenheim Partners. "The talent that we have attracted in our London office both enhances our fixed-income and equities distribution capabilities and provides a strong foundation for growth in Europe."
Duncan Riefler is serving as President of Guggenheim Securities International Ltd. and Head
of London Fixed
Misys, the leading financial software company, has signed an agreement with targit GmBH to become a member of the InFusion Partner Programme.
Misys and targit have been collaborating for many years with targit providing consulting, systems integration and project management support within the Germany-Austria-Switzerland region.
targit will focus on supporting the operations of financial institutions, implementing trading systems and risk management utilising the latest market-leading solutions from Misys. targit’s highly-skilled consultants have a deep knowledge of both Misys FusionCapital and FusionRisk, especially around software implementations and upgrades. targit’s product and IT expertise helps customers develop a centralised and
Stars were aligned for hedge funds in January, with most strategies ending in the black. The year starts with strong alpha generation and outperformance against major equity indices: the Lyxor HFI Index is up by 1.4% since 1 January, versus -1.2% for the MSCI World. Moreover, we have witnessed above average dispersion between managers. More than 10% of the hedge funds we monitor are close or above the 5% mark YTD. Using risk-adjusted metrics by strategy over a longer term horizon (below), the past 12 months suggest that L/S Equity, in addition to CTAs, has outperformed risk assets.
Net revenues for the NASDAQ OMX group were USD517 million in the fourth quarter of 2014, down 1% from USD520 million in the prior year period, driven by the impact of foreign exchange rates.
On an organic basis, excluding the impact of foreign exchange rates, fourth quarter net revenues increased 3% year-over-year.
"Nasdaq's record profitability resulted from its improved strategic positioning, successfully meeting the evolving demands of our diverse client base, and maintaining the organization's relentless focus on efficiency," says Bob Greifeld, CEO, Nasdaq. "Moreover, the strong results in the fourth quarter, and 2014 overall, were driven by both
Albert Fried & Company has selected SS&C’s Global Wealth Platform (GWP) to support its growing boutique prime brokerage business.
Albert Fried & Company was looking to gain a competitive advantage by using web-based performance reporting to enhance internal processes and client service. The broker-dealer will use SS&C’s performance and client reporting capabilities as part of a hosted middle- to –back-office platform to provide customers with high quality analysis and reporting.
The software will be deployed on a hosted basis, allowing Albert Fried to minimise internal technology costs while leveraging SS&C’s data management capabilities.
“Over the past several years,
