Funds
Virtu Financial has acquired the Designated Market Maker (DMM) business for the New York Stock Exchange (NYSE) and NYSE Amex. Terms of the deal have not been disclosed.
“This acquisition is consistent with Virtu’s primary business objective of providing highly efficient, fully obligated, customised liquidity to investors across all markets,” says Vincent Viola, Chairman and CEO of Virtu Financial, LLC. “We are excited about playing an important part of the NYSE and NYSE Amex marketplace. We look forward to working with our listed company partners and providing our unique liquidity to their valued investors.”
As a result of the close
Walkers have completed the first redomiciliation of a Jersey investment fund into Ireland. The fund, BlueAlpha Global Equity Fund plc (BlueAlpha), successfully migrated and has been authorised in Ireland as a UCITS fund. Apex Fund Services (Ireland) Limited is BlueAlpha’s new administrator, with BNP Paribas Securities Services Dublin Branch acting as custodian.
Sean Peche, Director of BlueAlpha says: “Walkers’ presence in both Jersey and Ireland meant they were uniquely positioned to assist us in the continuation. The process was extremely well managed and we couldn’t have achieved the end result without Walkers’ high level of competence and professional service.”
The
Fundsmith LLP, the London-based fund management company established by Terry Smith in 2010, has appointed State Street
The UCITS Alternative Index Global suffered its third month of losses in the last four months as fund managers running onshore versions of their hedge fund strategies failed to avoid the mar
Investec Asset Management is planning to launch a UCITS-compliant global equity contrarian fund
Simon Brazier (pictured), Threadneedle Investments’ Head of UK Equities, has commenced managing
UBS AG has acquired an equity stake in Chi-X Global Holdings LLC and will join the consortium of five financial institutions that recently bought a minority stake in the firm.
The group that UBS joins comprises BofA Merrill Lynch, GETCO LLC, Goldman Sachs, Morgan Stanley, and Quantlab Group LP. Instinet Incorporated, a Nomura Group company, remains the largest equity holder through a subsidiary company.
“We are pleased to welcome UBS to our group of world class, distinguished equity partners.” says Tal Cohen, CEO of Chi-X Global, “As we continue to expand our global presence through new product offerings and strategic
RCP Advisors, an independent sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, has announced the closing of its first co-investment fund, the USD110 million RCPDirect, LP.
“RCP’s strategy has always been to partner with the best managers in the lower middle market. These relationships will provide RCPDirect with compelling investment opportunities and diligence resources,” says Dave McCoy, Principal of RCP Advisors and RCPDirect’s Portfolio Manager. “We are pleased by the confidence our LPs have placed in us and are excited about the opportunity to expand the co-investment strategy within
HSBC Global Asset Management this week launched the latest in its range of Global Investment Funds – HSBC GIF Frontier Markets Fund.
Deutsche Bank has teamed up with Omega Advisors to launch a new fund in December on its dbalternatives UCITS platform (which also supports managed accounts an
