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Intercontinental Exchange (ICE) is to acquire Interactive Data Corporation (IDC), a provider of financial market data, analytics and related trading solutions, from Silver Lake and Warburg Pincus.
The acquisition is valued at approximately USD5.2 billion, including USD3.65 billion in cash and USD1.55 billion in ICE common stock, and adds technology platforms and new data and valuation services to ICE’s global market data offering.
IDC, based in Bedford, MA, serves the mutual fund, bank, asset management, hedge fund, securities and financial instrument processing and administration sectors. ICE’s data business currently spans nine asset classes across the eleven exchanges and seven clearing
- 27/10/2015
Independent full-service fund administrator Opus Fund Services has appointed Jorge Hendrickson as Head of Sales and Marketing.
“We have added 130 new clients onto the Opus platform in the last 12 months, and Jorge has been an instrumental reason for this exciting growth,” says Robin Bedford Opus CEO. “Jorge has repeatedly demonstrated the skills needed to lead the Opus sales and marketing team and take it to the next level.
Hendrickson says: “I’m very excited for the opportunity to lead the Opus sales and marketing efforts. I look forward to expanding the team both here in New York and globally.”
- 27/10/2015
Risk assets rallied in the wake of Draghi’s comments which signalled that the ECB stands ready to extend QE at its December 3 meeting. After years of non conventional monetary policies, there is a strong sense of déjà vu. There is nonetheless hope that the improved risk appetite is not simply the result of central bank accommodation, whose marginal returns could be diminishing.
- 26/10/2015
- 26/10/2015
PRAXIS Fund Services Limited has launched a new Guernsey incorporated closed-ended investment company, Alternative Liquidity Fund Limited, with an indefinite life.
The fund all invest in a diversified portfolio of illiquid interests in funds and other instruments and securities with the objective to manage, monitor and realise these investments over time. Alternative Liquidity Fund Limited has a single class of ordinary shares in issue, which is listed on the premium segment of the Official List and traded on the London Stock Exchange's Main Market.
Morgan Creek Capital Management LLC is the investment manager of the company and advises the company
- 26/10/2015
Linklaters has appointed Matt Keogh (pictured) as Global Practice Head of the Investment Management Group, succeeding Scott Bowie. The role is for a four year term with effect from 15 October 2015.
A partner since 2012, Keogh’s practice includes all aspects of institutional investment products and transactions acting for both sponsors and investors, with a particular focus on alternative investment funds including private equity, real estate, infrastructure, debt and hedge funds, private equity style joint ventures and equity syndication. Matt also has considerable experience in the operation of asset management houses as well as fund equity and debt financing (acting
- 26/10/2015
Indos Financial, the UK’s only independent AIFMD depositary, is adding to its team with the appointment of Andrew Watson (pictured), a chartered accountant with over 14 years experience within the private equity and financial service industry.
Watson joins INDOS Financial’s London office and will manage the firm’s growing private equity and real estate depositary business.
Watson started his career in 1999 with PricewaterhouseCoopers working across a variety of Banking and Capital Markets clients. In 2003, Andrew joined the European private equity team at Bank of America as Financial Controller which later became Argan Capital, an independent European mid-market private equity
- 26/10/2015
Scipion Capital has strengthened its legal division, on-the-ground operations and corporate governance with three new senior hires.
International financial lawyer Myriam Ly has joined as General Counsel to oversee all of the group’s legal matters. Myriam is a dual qualified lawyer admitted to both the Paris Bar and the roll of solicitors in England and Wales. She has worked in the field of finance law for leading law firms in London, Paris and Geneva for the past 9 years. Before joining Scipion, Myriam was a senior associate at Schulte Roth & Zabel International LLP, where her practice focused on the
- 26/10/2015
Kher Sheng Lee has joined The Alternative Investment Management Association (AIMA) in its Singapore office.
Lee joins AIMA from Azentus Capital, where he held the position of General Counsel. He will take up the position of AIMA’s Managing Director, Global Deputy Head of Government Affairs and Head of APAC Government Affairs.
Lee founded and chaired the peer-to-peer buyside networking group The Asian Hedge Fund Legal and Regulatory Group (also known as AsianHedgeLaw). He is commended by the Financial Times in the FT’s special report ‘Asia-Pacific Innovative Lawyers 2015’, where the FT noted that he “has played an important role
- 26/10/2015
Out of all the European regulations to affect strategy, MiFID II is expected to be the biggest priority for investment managers, according to a study by Deloitte.
Deloitte interviewed 13 investment managers, representing GBP475 billion of global assets under management (AUM) and median global AUM of GBP270 billion, as well as two asset service providers and two independent external experts. All but one said MiFID II – the revision to the Markets in Financial Instruments Directive and accompanying Regulation – will have the greatest impact on their strategy over the next two years. 65 per cent of interviewees said the
- 26/10/2015
Total USD interest rate swaps (IRS) trading volumes since launch on Trad-X, a platform for the trading of global interest rate derivatives, have now surpassed USD 2.5 trillion, with the period beginning January 2015 accounting for over half of this total volume.
On-SEF USD IRS trading on Trad-X, which launched in 2011, has continued to rise throughout the first three quarters of 2015. Over 15,000 USD IRS trades have been executed on Trad-X since the beginning of January, equating to a notional volume of USD 1.6 trillion and has helped propel TraditionSEF into a market leading position for the execution
- 26/10/2015
- 26/10/2015
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