Managers
CBOE Holdings has declared an increased dividend of USD0.25 per share for the third quarter of 2016, representing a 9 per cent increase compared to the prior quarter's dividend of USD0.23 per share.
The third quarter dividend is payable on 16 September, to stockholders of record as of 2 September 2016.
"This dividend increase reflects our ongoing commitment to return cash to stockholders while investing in our strategic growth initiatives to deliver strong returns to our stockholders long term," says Edward T Tilly (pictured), CBOE Holdings chief executive officer.
G10 Capital, an affiliate of Lawson Conner, is to be appointed as an alternative investment fund manager (AIFM) by Gresham House Asset Management in order to provide alternative fund management services to LMS Capital.
The LMS portfolio, valued at just over GBP92 million, will form a key component of Gresham House's strategic equity division and leverage the private equity capability of the team.
The award of this investment mandate is in-line with the company's stated strategy to develop its alternative asset management platform, build AUM, both organically and through acquisition, and to grow earnings through asset management and performance
MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, is to acquire Guggenheim Investment’s 1940-Act mutual fund administration business, Rydex Fund Services.
The transaction is expected to close in the fourth quarter of 2016, subject to regulatory approvals and customary closing conditions.


When complete, the acquisition will provide MUFG Investor Services with a full service offering for investment managers, adding regulated 1940 Act mutual fund and exchange traded fund services expertise to its service proposition, which spans single manager, fund of hedge fund, private equity and real estate funds, pension funds and traditional asset managers.


The global private credit market, an alternative source of financing for small and medium sized enterprises, is flourishing with institutional capital supporting increased lending in Europe in particular, according to a report by the Alternative Credit Council (ACC) and Deloitte.
The private credit market has grown from USD440 billion last year to USD560 billion today.
The research, Financing the Economy 2016, found that institutional capital is boosting lending in Europe and much of this growth has been driven by demand from European businesses. However, the US still remains the largest private credit market, both in terms of overall assets
Euronext has reported its most profitable quarterly results since its initial public offering (IPO) with revenue in the second quarter of 2016 increasing by 1.7 per cent to EUR132.3 million from EUR130.1 million a year earlier, driven by strong performance in the listing and market data businesses.
This performance more than offset slower trading conditions in the company’s cash and derivatives businesses, which saw lighter volumes as investors reduced risk exposure ahead of the UK referendum on 23 June 2016.


Quarterly operational expenses excluding depreciation and amortisation decreased by 9 per cent to EUR54.6 million (Q2 2015: EUR60 million). These
The entire team of Larch Lane Advisors is to join Fierra Capital, boosting the US division of Fiera Capital Corporation's existing capabilities in alternative investing and adding expertise in alternative investment management, risk management, fund accounting and firm operations.
The Larch Lane team is expected to join Fiera Capital on 1 September when Fiera Capital will become the adviser for Larch Lane's existing investment strategies.
"Bringing the Larch Lane team on board is an ideal way to develop our alternative investment capabilities in the US and add a distinguished team of professionals to our US division," says Jean-Guy Desjardins (pictured), chairman
KCG Holdings is to acquire Neonet Securities, an independent agency broker and execution specialist based in Stockholm, from its shareholders Hay Tor Capital, KAS BANK and Cidron Delfi Intressenter Holding.
Financial terms of the deal have not been disclosed.
Founded in 1996, Neonet provides a suite of advanced algorithmic trading, smart order routing and sales trading primarily in European equities across 30 public and private markets to approximately 200 clients in more than 20 countries. Neonet strives to deliver transparent execution services to banks, brokers and financial institutions with an optimised balance of quality and cost.
The
Tages Capital, in partnership with Anavon Capital, has launched the Tages International SICAV – Anavon Global Equity Long/Short UCITS Fund, the second sub-fund of Tages International Funds SICAV.
The UCITS-compliant umbrella fund structure is domiciled in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
Anavon is an equity manager with a five-year track record in its global long/short equity strategy. The fund is launching with USD28 million of institutional capital with follow-on commitments in excess of USD30 million.
Justin Denham, chief operating officer of Anavon Capital, says: “Anavon is delighted with this partnership to offer
Elevate, a provider of online credit solutions for non-prime consumers, has increased its credit facility with Victory Park Capital (VPC), a privately held registered investment adviser dedicated to alternative investing, by an additional USD100 million to a total of USD545 million.
The company will use the additional capital to support the rapid growth of its credit products in the US and UK and for further investment in its suite of online credit solutions.
“Elevate has become a clear leader in this space and we are excited to support their growth,” says Tom Welch (pictured), principal at Victory Park Capital.
Teton Advisors has launched the TETON Convertible Securities Fund, which will be managed by the Dinsmore Group investment team.
The Dinsmore Group, Thomas Dinsmore (pictured), Jane O’Keeffe and James Dinsmore, will join Barbara Marcin on the portfolio management team.
The Dinsmore team currently manages USD325 million AUM in convertible securities across three closed end funds: Bancroft Fund, Ellsworth Growth and Income Fund Ltd and The Gabelli Convertible and Income Securities Fund.
Thomas Dinsmore has been an equity analyst and portfolio manager at Dinsmore Capital since 1983 and led the team from 1993 to 2015. He joined Gabelli Funds
