Funds
BNY Mellon has launched the BNY Mellon Emerging Markets Corporate Debt fund, a Dublin-domiciled UCITS, and is to be managed by Insight Investment.
A move away from nuclear energy in light of last year’s tragic accident at the Fukushima nuclear power station in Japan is creating opportunities for transmission and e
London Stock Exchange Group (LSEG) is to acquire a majority stake of up to 60 per cent of clearinghouse LCH.Clearnet in a deal worth EUR463 million.
Under the terms of the Transaction, London Stock Exchange (C) Limited (LSEC) will pay EUR20 per LCH.Clearnet Share acquired, comprising a cash consideration of EUR19 per LCH.Clearnet Share payable by LSEG under the Offer plus EUR1 per LCH.Clearnet Share from the Special Dividend payable by LCH.Clearnet (which may be reduced by the cost to LCH.Clearnet of any Relevant Claim(s)).
The total implied value of LCH.Clearnet under the terms of the Transaction is EUR813 million
NYSE Euronext’s global derivatives average daily volume (ADV) of 7.0 million contracts in February 2012 represented a decrease of 21.4% versus the prior year.
European derivatives products ADV in February 2012 of 2.8 million contracts decreased 35.7% compared to February 2011 and decreased 11.9% from January 2012 levels. Excluding Bclear, NYSE Liffe’s trade administration and clearing service for OTC products, European derivatives products ADV decreased 36.7% compared to February 2011 and decreased 6.7% from January 2012.
NYSE Euronext US equity options ADV of 4.1 million contracts in February 2012 decreased 9.2% compared to February 2011 levels and decreased 1.5% from January
Hedge funds posted their strongest start to a calendar year since 2000, with significant contributions from strategy areas which underperformed in 2011, according to data released today by HFR.
The HFRI Fund Weighted Composite Index gained 2.14 per cent in February, bringing performance through the first two months of 2012 to nearly five per cent. The recent gains have nearly recovered the -5.26 per cent decline from 2011, a year in which total hedge fund industry capital rose by 3 per cent to $2.02 Trillion.
Equity Hedge funds have had the most significant contribution to HFRI performance in 2012,
Merchant Capital, the independent corporate finance and investment management firm, has migrated its UCITS umbrella to Point Nine’s Circle.2 platform of live middle and back office services.
The firm chose Point Nine’s Circle platform for the launch of its UCITS umbrella last year. A new release, Circle.2, provides live and cloud-enabled trade reconciliation and settlements reporting for the first time, allowing fund managers to view key information such as counterparty exposures and settlement reports in real-time. Point Nine has also supported Merchant Capital’s recent move to a new fund administrator.
Chris Day, Director of Merchant Capital, says: “Having
Intertrust Group Holding SA has reached agreement with Walkers Global on the acquisition of its subsidiary Walkers Management Services (WMS), a provider of corporate, company secretarial and fiduciary services.
WMS provides corporate, fiduciary and company secretarial services from the world’s leading financial centres – the Cayman Islands, Delaware (USA), Dubai, Dublin (Ireland), Hong Kong and the British Virgin Islands. Headquartered in George Town, Cayman Islands, WMS currently generates annual sales in excess of US$ 50 million. WMS management is committed to stay with Intertrust Group post integration.
Intertrust is a recognised global quality leader in the trust and
Kinetic Partners has joined forces with the London Stock Exchange Group’s UnaVista to offer a full-service transaction reporting solution.
The partnership will offer a complete solution to both Kinetic Partners and UnaVista’s clients and other MiFID investment firms, including regulatory guidance, audit and operational services, and technical solutions. According to MiFID, all regulated entities executing transactions are obliged to report all transactions in equity and debt-related financial instruments and related derivatives, in order that regulators can effectively monitor for market abuse.
Monique Melis (pictured) a Member of Kinetic Partners says: “We are delighted to be joining forces with UnaVista
Lyxor Asset Management has partnered with IKOS to launch the second alternative manager on its Lyxor Dimension UCITS platform reported Hedgeweek this week.
EFAMA has warned that the UCITS brand would lose its competitive edge under the proposed financial transaction tax (also referred to as the Tobin tax) and cause investors to seek alternative invest
