07/04/2013
London Stock Exchange to acquire Turquoise Derivatives
The London Stock Exchange is to acquire the derivatives business of Turquoise Global Holdings, in which it owns a 51% stake.
Alternative Investments
07/04/2013
Gottex completes Frontier acquisition
He will continue to lead the Frontier business, and joins Gottex as a senior executive in its multi-asset business.
07/02/2013
L&G reshuffles fund managers on four funds
Legal & General Investments has appointed new managers for four of its funds but is refusing to reveal why the managers have been replaced.
07/02/2013
BlackRock appoints co-manager on European fund
BlackRock has promoted Stefan Gries as co-manager on the European Absolute Alpha fund alongside Vincent Devlin.
07/01/2013
Miton Group announces acquisition of PSigma Asset Management
Miton Group PLC Acquisition of PSigma Asset Management Holdings Limited for up to £13m, Placing and Trading Update
07/01/2013
BNP Paribas Securities Services and Caisse des Dépôts reinforce their partnership
This marks the fulfilment of the partnership, which began in April 2012 following the call to tender issued by the Caisse des Dépôts.
07/01/2013
Credit Suisse Liquid Alternative Beta Index Down 1.07% in June
The Managed Futures strategy was the strongest performer for the month, finishing up 0.69% in June, and up 6.15% year-to-date.
07/01/2013
Cazenove team set to move to Schroders’ office
Cazenove’s fund managers and distribution staff to move to Schroders’ offices as buyout goes through as sales departures confirmed.
06/30/2013
AXA acquires Grand Hotel Krasnapolsky in Amsterdam
In the centre of Amsterdam, from NH Hoteles SA for € 157 million on behalf of a European and an Asian client.
06/30/2013
TFI’s Shariah JV fund acquires properties in UK
The fund invests in income-generating property in the distribution, logistics and light-industrial sector of the UK
06/30/2013
City Financial Fund moves onto Cofunds
CF Eden UK Select Opportunities Fund renamed City Financial UK Select Opportunities Fund
06/30/2013
Polar Capital raises £153m for Global Financials Trust
"This is evidence of further delivery of our strategy of launching additional investment driven products from our existing teams and further diversifies our offering to our investors in our funds,"
06/30/2013
BlackRock completes acquisition of Credit Suisse's ETF business
Investors will benefit from a broad range of Swiss domiciled products, which include assets of $8.1bn across equities, fixed income and gold.
06/30/2013
BlackRock launches first Asia equities fund for UK investors
The BlackRock Asia Fund is designed to replicate the successful investment strategy of the offshore BGF Asian Dragon Fund,
06/28/2013
Moulton begins raising £250m to bolster fund
Veteran investor Jon Moulton has begun raising as much as £250m to fund new distressed investments through Better Capital, his listed private equity firm.
06/26/2013
UBS Quant HQ offers Riskbot Risk Management Platform to clients
HPR created “Riskbot” in response to latency issues plaguing the market.
06/26/2013
Moscow exchange launches first precious metals trading
The stock exchange is going to start trading gold and silver by the end of this year, and platinum and palladium in 2014.
06/25/2013
BNP Paribas Securities Services unveils collateral management offering
BNP Paribas Securities Services boosts its collateral management solution by launching Collateral Access
06/25/2013
L&G acquires closed annuity firm in £151m deal
Legal & General Assurance Society has acquired closed UK annuity buy-out company Lucida from LCM Holdings in a deal worth £151m.
06/25/2013
Henderson delays £4m trail to advisers over RDR audit
There are certain types of new business where it is still permissible to receive commission such as execution-only or offshore business