Latest News
GMEX Group has acquired a 25% stake, through its GMEX Technologies (GMEX TECH) subsidiary, in the Mauritius-based ALTX Africa Group Ltd (ALTX).
ALTX wholly owns ALT-Xchange Ltd (ALTX Uganda) and ALT-X Clearing Ltd (ALTX Clearing). ALTX is also in discussions with other strategic partners with a view to syndicating additional equity stakes to further drive its growth strategy.
This acquisition extends the current successful partnership between GMEX TECH, and ALTX. GMEX TECH is providing its leading edge ForumMatch exchange trading platform, ForumDetect market surveillance system and ForumTrader workstation to ALTX Uganda as a fully managed "Exchange-in-a-box" hosted solution interconnecting ALTX
- 04/02/2015
- 04/02/2015
Fund managers and investors are in a tug-of-war over the issue of transparency. Once content with a performance update, basic valuation and general market commentary, Limited Partners (LPs) are now digging deeper, asking more questions and requiring more information from General Partners (GPs) than ever before.
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Fund managers and investors are in a tug-of-war over the issue of transparency. Once content with a performance update, basic valuation and general market commentary, Limited Partners (LPs) are now digging deeper, asking more questions and requiring more information from General Partners (GPs) than ever before.
Executive
- 04/02/2015
Advent Capital Management has appointed Matthew Dundon, Managing Director and Portfolio Manager to its alternative investment strategies team.
Dundon will support and collaborate with Advent’s current portfolio managers to identify unique investment ideas across corporate capital structures globally.
“We’re excited to welcome Matthew to Advent and look forward to the complementary skills he’ll bring as we continue to grow, diversify and opportunistically enhance our investment teams,” says Tracy Maitland, President and Chief Investment Officer of Advent. “The volatility in global markets is creating increased investment opportunities and we are adding investment talent to be able to vet more investment ideas
- 04/02/2015
Despite optimism about the US economy, endowments and foundations are planning to decrease their allocations to US equities this year in favour of alternatives such as hedge and private equity funds.
That’s according to the Q4 2014 NEPC Endowment and Foundation Poll, a measure of endowment and foundation confidence and sentiment related to the economy, investing and market performance.
“Overall, endowments and foundations feel very confident about the US economy and have a favorable outlook for domestic equity markets this year,” says Cathy Konicki, Partner and head of NEPC’s Endowment and Foundation Practice. “More than three-quarters of respondents feel the
- 04/02/2015
In the second-half of January, key monetary policy decisions have been adopted in Europe.
- 04/02/2015
The strength of alternative UCITS sector continued to grow with assets under management (AuM) increasing 41% to EUR 224.3 billion in 2014, according to the latest Alceda UCITS Review.
2014 proved a difficult year for active managers, with the AH Global UCITS Index, which encompasses a total of 498 funds, returning only 1.3% in 2014, compared to the almost 6% gains seen in 2013. However, the Alternative UCITS market has continued to encourage new entrants with the launch of 53 funds in 2014 (19 in H2 2014). There were also over 20 fund closures in the year as a result
- 04/02/2015
- 04/02/2015
Seix Investment Advisors has launched a new product, the Energy Opportunities Strategy (EOS), the latest offering in a range of investment solutions for institutions and other sophisticated investors.
The Energy Opportunities Strategy draws on Seix's experience in managing both traditional and opportunistic credit portfolios. The firm’s in-depth, fundamental research capability enables Seix to identify opportunities in the various sub-sectors within the energy industry. Its Leveraged Finance research team is composed of industry specialists with an average of 17 years of work experience.
"Energy-related high yield spreads are their widest since the previous peak in 2008. This signals a potential opportunity
- 03/02/2015
Financial services software and provider SS&C Technologies is to acquire Advent Software, a provider of software and services for the global investment management industry.
Under the terms of the agreement, SS&C will purchase Advent for an enterprise value of approximately USD2.7 billion in cash, equating to USD44.25 per share plus assumption of debt.
Advent has more than 4,300 customers including asset managers, hedge funds, fund administrators, prime brokers, family offices and wealth management advisory firms, located across more than 50 countries worldwide. Headquartered in San Francisco, California, with more than 1,200 employees worldwide, Advent generated revenues of USD397 million for
- 03/02/2015
- 03/02/2015
Spencer Capital Holdings is to acquire USA Risk Group an independent captive insurance manager. The transaction is subject to customary closing requirements and regulatory approval, and is expected to close during the first quarter of 2015.
USA Risk currently serves over 300 clients, holding $9 billion assets under management. Financial terms of the transaction were not disclosed.
USA Risk is an independent captive insurance manager founded in 1981 by H Lincoln Miller, Jr, a leader in helping to enact legislation enabling Vermont to become the pre-eminent captive domicile within the United States. USA Risk has since established member companies in
- 03/02/2015
JonesTrading Institutional Services is to open a London office as part of a strategic initiative to expand its services to Europe.
The move comes in response to client demand for regional expansion of the firm’s relationship based model for block trading and execution services as well as for the firm’s ancillary capital market and independent research services.
JonesTrading International Limited has been an FCA registered broker since 2002. JonesTrading is now expanding and will have a London office fully operational by Q2 2015. It will expand its client base with a focus on cross border trading between Europe and the
- 03/02/2015
- 03/02/2015
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