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Singapore Exchange has established a London office to better serve its growing number of European-based customers.
The London expansion follows Singapore Exchange’s 3 June commitment to invest USD250m in its Reach initiative.
Reach will create the world’s fastest trading engine, establish a data centre and seamlessly connect trading communities in Chicago, New York, Tokyo and London to Singapore. These four hubs will lower cross-border connectivity costs.
“SGX’s presence in London marks a strong commitment to our customers in meeting and responding to their needs. Building connectivity and enhancing market accessibility will strengthen our position as the market of choice for
Quantifi, a provider of analytics, trading and risk management solutions, has been chosen by Oracle Capital for the pricing and analysis of its structured credit portfolio.
Founded in 2009, Oracle Capital is based in Hong Kong and focuses on fixed income products, particularly in the areas of credit, fixed income derivatives and securitisation.
The initial fund invests in products that reference corporate credit risk, including cash and synthetic CDOs.
Leon Hindle, chief investment officer at Oracle Capital, says: “Valuation and risk management are key components in everything we do, and it became clear that Quantifi was the best fit for
Healthcare company Grifols has entered into an agreement to acquire Cerberus Capital Management’s portfolio company Talecris Biotherapeutics for a combination of cash and newly issued Grifols non-voting shares.
Cerberus controls an affiliate that owns approximately 49 per cent of the outstanding common stock of Talecris, a biotherapeutic and biotechnology company.
"We are excited about the prospect of becoming shareholders of Grifols. Led by Victor Grifols, Grifols has long been known as a leading innovator in the plasma-derived protein therapeutics field," says W. Brett Ingersoll, co-head of private equity at Cerberus. "Victor Grifols and his management team have over 30 years
Nottingham Investment Administration, a provider of accounting and portfolio record keeping services for hedge funds, mutual funds, governments, foundations and other investment pools, has named Lori Kahramanidis director of hedge fund services.
Kahramanidis will be responsible for streamlining operations for the company’s growing hedge fund business.
Nottingham has added close to USD1bn in hedge fund client assets to its administrative platform so far in 2010.
“We continue to see tremendous growth in demand for our hedge fund services as new funds are launched and assets flow back into the industry,” says Kip Meadows, chief executive officer at Nottingham. “Lori brings
The hedge fund tide that once floated all boats threatened to sink them last year.
The notion put about 18 months ago that the hedge fund industry would change radically in the wake of the financial crisis has, little by little, taken on real substance.
After taking a beating in 2008, the global hedge fund industry has achieved an impressive comeback.
Commissions paid by institutional investors to brokers on trades of US equities are falling far short of projections to this point in 2010.
The results of Greenwich Associates’ latest US Equity Investors Study reveal that the amount of brokerage commissions paid by US institutions on trades of domestic equities decreased 13 per cent to an estimated USD12.1bn from Q1 2009 to Q1 2010.
Despite that falloff, US institutions entered this year predicting that commission payments would surge in calendar year 2010 in step with expected strength in both stock market performance and trading volume.
Buy-side traders at US institutions projected
