Funds
Markit has acquired Data Explorers, a provider of global securities lending data, from mid-market private equity firm Bowmark Capital.
Data Explorers’ data set, which covers USD12 trillion of securities in the lending programmes of over 20,000 institutional funds, provides a comprehensive view of short interest data and institutional fund activity across all market sectors. It is used by beneficial owners, custodians, agent lenders, prime brokers and asset managers to help inform investment decisions, manage risk and produce independent benchmarks.
This acquisition comes as the new regulatory environment is changing the dynamics of the securities financing markets. By combining Data
Vistra has opened a new office in Mauritius to target the growing opportunities in the region and in particular in the African and Indian markets. Vistra (Mauritius) Limited opened on 02 April, following the granting of a licence to operate as a Mauritius management company by the local regulatory authority.
Vistra believes Mauritius offers an excellent gateway for clients seeking investment structuring solutions for African markets, given the continent’s vast natural resource wealth and rapidly growing economies. At the same time, Vistra believes having a Mauritius base will offer significant opportunities to target inbound and outbound investments in the Indian
Swiss banking group SYZ & Co this week announced the launch of OYSTER US Selection, a new sub-fund of its OYSTER Luxembourg UCITS SICAV.
The Irish Minister for Finance has approved, in principal, the development of legislation for a new corporate fund structure intended to meet US ‘check the box’ requirements and reduce
Although the overall number of countries with tax issues as a result of implementation of the UCITS IV Directive has decreased since 2010, there still remains a significant portion of EU Member Sta
IFG Group has signed an agreement for the sale of its entire International Division (Segment) to AnaCap Financial Partners II LP.
The purchase price is GBP70 million (EUR84 million) which will be paid in full on the completion of the sale. The purchase price shall be subject to an adjustment upon finalisation of the completion accounts. The sale is subject to certain conditions including shareholder and regulatory consent. The EGM, at which an ordinary resolution approving the sale shall be voted upon by the shareholders, shall be held in advance of the AGM on 27th June 2012. A circular incorporating a
HFR and Morningstar have launched a strategic distribution partnership with Morningstar Direct Institutional Software.
HFR is a leading provider of indices, data and analysis for the hedge fund industry, and Morningstar, Inc is a leading provider of independent investment research. Subscribers to, including HFRX and HFRI Indices, hedge fund database and analysis of alternative industry trends for use within the Direct platform.
Morningstar Direct combines Morningstar’s global investment data and content with sophisticated research analytics and tools to interpret financial information for investment ideas and communicate it in clear, visual reports. More than 1,700 institutions subscribe to Morningstar Direct
Payments on sovereign credit default swaps contracts related to Greece have been successfully completed, according to the Depository Trust & Clearing Corporation (DTCC).
DTCC’s Trade Information Warehouse (TIW) provides post-trade processing services for OTC credit derivative trades. TIW has completed the restructuring event for the Hellenic Republic (Greece sovereign entity) for single name and index (ITRAXX SovX) transactions. USD2.89 billion in net funds (US dollar equivalent) were transferred on March 26 from net sellers of protection to net buyers of protection.
The auction for Greece sovereign bonds was held on 19 March. The auction was conducted in accordance with the International
Last Monday saw New York-based GSB Podium Advisors launch a UCITS version of its global market neutral equity long/short strategy, prior to which it had been running solely in the form of three managed accounts. The GSB Equity Market Neutral (UCITS) Fund has been designed to replicate the systematic strategy whose genesis dates back to 1997 when GSB founder Shengbei Guo ran Deutsche Bank’s equity statistical arbitrage trading desk.
It wasn’t until 2005 that the strategy first appeared as a fund – the Statistical Arbitrage Fund. That same year Guo’s prop desk decided to spin out of Deutsche Bank in
The Securities and Exchange Commission has established comprehensive arrangements with the Cayman Islands Monetary Authority (CIMA) and the European Securities and Markets Authority (ESMA) as part of a long-term strategy to improve the oversight of regulated entities that operate across national borders.
The two memoranda of understanding (MOUs) reached this month follow on a similar supervisory arrangement that the SEC concluded with the Quebec Autorité des marchés financiers and the Ontario Securities Commission in 2010 and expanded to include the Alberta Securities Commission and the British Columbia Securities Commission last September.
The SEC’s latest supervisory cooperation arrangements will enhance SEC
