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The European Energy Exchange AG (EEX) intends to change the data source methodology of the provided Polish Power Benchmarks.
From 1 April 2022, the EEX AG Power Benchmarks for the Polish power market area, the Polish Base Month Indices and Polish Peak Month Indices, shall be calculated based on the hourly prices for Polish Day-Ahead-contracts determined by EPEX SPOT via the coupled Day-Ahead-Auction. The current data source, the local Polish power exchange, shall be replaced as of this date.
The change of the data source is performed against the background of the Single Day Ahead Market Coupling process (SDAC) for
AIMA and the ACC strongly support the reform of the European Long Term Investment Fund (ELTIF) regime introduced in November by the European Commission and have published a position paper that details further refinements of the proposals.
ELTIFs are funds that invest in unlisted companies and projects, focusing on parts of the economy that often lacks access to traditional finance. As banks continue to retrench, ELTIFs can mobilise the growing levels of private capital to address the financing gap felt by SMEs and mid-market companies throughout the EU.
AIMA and the ACC welcome the proposals to expand the eligible assets
New hedge fund liquidations fell to a record low in Q3 as total industry capital surpassed the historic USD4 trillion milestone to begin Q4 2021, according to the latest HFR Market Microstructure Report by HFR.
Arcesium, a global financial technology and professional services firm, has expanded its India-based operations with a new office in Delhi NCR.
The new office, located in DLF Cyber Park, a technology hub in Gurugram with state-of-the-art infrastructure, will be staffed with employees across technology, services, and other key functions.
Arcesium is a provider of post-investment and enterprise data management solutions to hedge funds, banks, institutional asset managers, and private equity firms.
Berlin-based Swarm Markets, a regulated decentralised financial infrastructure provider, is to launch a peer-to-peer contract for high value transactions in Q1 2022.
Despite concerns that alternative data could spell the demise of those funds unable to keep up with the diverse skills required to interpret it, new research suggests the opposite scenario is more likely, with funds and alternative data sellers growing together.
Using a theoretical model of the interaction between data sellers, buyers and the skills to process the data, a new paper from the University of Toronto’s Rotman School of Management, The University of Hong Kong, and Hong Kong University of Science and Technology, shows that alternative data encourages firms to bring in more highly skilled people to extract unique
Alternative asset management firm Hayfin Capital Management has exceeded its EUR2 billion target to invest via its Hayfin Special Opportunities Fund III. The successful fundraise comprises Fund III, which has reached a final close, and related separately managed accounts.
Hayfin employs a broad and flexible investment mandate through its Special Opportunities strategy, deploying capital into a range of unique opportunities across industries, markets, and sub-strategies in situations where financing may be scarce. The fundraise provides Hayfin with what the firm believes is the right amount of capital to invest in corporate and asset-backed opportunities arising from post-pandemic dislocation and related
Alteri Investors (Alteri), a specialist European retail sector investor, has made a significant investment in Missguided Limited, owner of the global fashion brand and digital retailer Missguided.
Alteri’s investment, comprising both debt and the acquisition of 50 per cent of the group’s equity, will provide the business with the liquidity and support it needs to overcome short-term supply chain challenges, as well as a platform to return the business to sustainable profitability.
The deal will see the current management boosted by the addition of an Executive Chairman with strong retail and turnaround experience. The Board will be further
Northern Trust Asset Management (NTAM), one of the world’s leading investment managers, has appointed Alan Keating to lead its Dublin based UCITS management company.
Keating, who will form part of NTAM EMEA’s executive leadership team, will focus on ensuring the continued growth, management and governance of its UCITS fund range. He reports to Marie Dzanis, head of NTAM for Europe, Middle East and Africa (EMEA).
Keating joins NTAM from Duff & Phelps, where he was managing director and CEO of their UCITS and AIFMD management company. Prior to that he was CEO of MUFG Alternative Fund Services, an Irish MiFID
The European Energy Exchange (EEX) is to acquire 100 per cent of energy analytics company Lacima Group.
Lacima, headquartered in Sydney, Australia, is a provider of technology solutions for trading and risk management in the global energy and commodities markets. Lacima’s risk analytics software manages valuation, optimization and risk management. Their trading analytics solution provides tools for pre-trade analyses, structuring and valuation, which further supports trading decisions for their customers.
EEX’s acquisition of Lacima Group will be a seamless process for all Lacima clients whose relationship with the company will remain unchanged. Lacima will continue to operate as an entity
