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Crédit Agricole has finalised its acquisition of Natixis’ 15 per cent stake in CACEIS. As a result, it now controls 100 per cent of the share capital of the business.
With approximately EUR2.6 trillion in assets under custody, EUR1.7 trillion euros in assets under administration and a presence in nine European countries, CACEIS is one of the industry’s leading players in Europe.
Crédit Agricole believes CACEIS will benefit from integration with its Large Customers business line and that the anticipated gradual normalisation of the interest rate environment should support the subsidiary’s activity in the coming years.
In parallel with this
Conning is to acquire a 45 per cent stake in Global Evolution, a specialist investment manager of emerging and frontier market debt strategies. The transaction is expected to close in early 2018, subject to customary regulatory approvals and closing conditions.
“We are very pleased to welcome Conning as a new shareholder in Global Evolution. This is a significant milestone in our firm’s development – one that recognises the strength of our business and emphasises our reputation as a leader in emerging and frontier markets,” says Søren Rump, Chief Executive Officer of Global Evolution. “Conning is the ideal strategic partner and
Activist hedge fund Cevian Capital has agreed to sell its entire shareholding in AB Volvo (Volvo) to Zhejiang Geely Holding Group (Geely Holding), subject to regulatory approval.
The acquisition comprises 88.47 million A-shares and 78.77 million B-shares, corresponding to 8.2 per cent of the capital and 15.6 per cent of the votes, which represents the largest ownership in AB Volvo by capital and the second largest by votes.
Nomura International Plc and Barclays Capital Securities Limited will acquire Cevian Capital’s shares in AB Volvo and then ell the shares to Geely Holding/
Cevian Capital’s co-founder, Christer Gardell (pictured), says: “Today’s announcement
Three weeks after the approval of bitcoin futures by the Commodity Futures Trading Commission in the United States, niche index provider Solactive is launching the Solactive Bitcoin Front Month Rolling Futures 5D Index, an index tracking the performance of XBT futures listed on Cboe Global Markets (Cboe).
Earlier in December, Cboe became the first regulated exchange to list bitcoin futures, for which Solactive has been granted worldwide exclusivity in index calculations.
Bitcoin, the most prominent cryptocurrency, rose from USD789 in December 2016 to USD18,960 in December 20171, an increase in price of more than 2,300 per cent over the course
Indus Valley Partners (IVP), a provider of technology solutions for alternative asset managers, has enhanced its Cash Master, Price Master, EDM, regulatory, cloud and managed services offerings.
With over USD1.5 trillion of global hedge fund AUM managed using its technology, IVP has also extended its footprint in Direct Lending, CLO, BDC, Private Equity, Real Estate, Infrastructure and traditional asset management segments. Bringing the flexibility of the IVP solution suite to new market segments will allow traditional asset managers the ability to create operational efficiencies that traditional hedge funds have enjoyed and harnessed for years.
IVP Cash Master now features
Charles River is helping clients prepare for the impending European Union’s Markets in Financial Instruments Directive II (MiFID II) requirements by incorporating ICE Data Services’ Continuous Evaluated Pricing (CEP) into the Charles River Investment Management Solution (Charles River IMS).
Charles River provides investment managers with an end-to-end solution for meeting regulatory obligations under MiFID II. The solution captures key data and trade lifecycle decision points needed to comply with new requirements for trade and transaction reporting, best execution and commission management.
CEP provides an independent, trade-by-trade measure of price quotes that help fixed income portfolio managers and traders more
The European Energy Exchange (EEX) has set a new daily record in Phelix-DE Futures, achieving a total of 10.8 TWh on 19 December, which is 62 per cent above the previous record (6.7 TWh on 12 December 2017).
In terms of the overall power derivatives market, a total of 22.2 TWh were traded on that day.
In addition, trading volumes on the market for butter futures recorded a new all-time high yesterday at 2,090 tonnes of goods equivalent (418 contracts). The previous record was set on 9th March 2016 at 1,500 tonnes of goods equivalent (300 contracts).
The
The Global Fund Media daily newsletter team is taking its customary year-end break, and will resume business as usual on Monday 8 January.
We will continue to update our websites with the most important industry news during the holiday period.
We wish all our readers the very best for the festive season, and we look forward to working with all of you again in 2018.
The SS&C GlobeOp Forward Redemption Indicator for December 2017 measured 4.18 per cent, up from 3.91 per cent in November.
“SS&C’s Forward Redemption Indicator of 4.18 per cent for December 2017 compares very favourably with the 5.67 per cent reported for the same period a year ago for December 2016,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This result marks the eleventh consecutive month of year-over-year improvement in redemption notices and is also the lowest level of redemption notices for any month of December since inception of the indicator in 2008.
“In terms of annual
Concerns about data and system security, and ensuring systems will be equipped for compliance with GPDR are among the key technology concerns for IT professionals in the finance sector, according to a new study from digital workplace provider Invotra.
Research, conducted with senior IT managers working across a variety of financial services organisations, found that 85 per cent of respondents consider data and systems security to be their biggest priority. Over half (52 per cent) also said that high profile cyber-attacks in the news prompt greater scrutiny on existing systems, and nearly a third (31 per cent) said they make
