Trading & Execution

The proposed European Union financial transaction tax (FTT) could lead to a significant decrease in cross-border trading of financial instruments in the EU, undermining the single market, according to the Alternative Investment Management Association (AIMA), the global hedge fund association. »

Trade sales led realisation activity in 2011, according to the latest listed private equity Cash Flow Compass report published by LPEQ and Deloitte. »

NYSE Euronext has underscored its commitment to SMEs with a raft a new measures designed to provide easier access to capital markets and improving both the visibility and the liquidity of midsize companies listed on its European market.   »

The Securities and Exchange Commission has voted to propose a rule implementing the so-called "Volcker Rule" requirements. The requirements stem from Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. »

The estimated market value of venture capital-financed companies in the US rose 10.1% in 2011’s first quarter from the end of 2010, according to the Dow Jones US Venture Capital Index. The index’s performance topped the Dow Jones US Total Stock Market Index’s total return gain of 6.4% over the same time period. »

Bendigo Partners has made a strategic investment in Akatsuki Financial Group, a Japan based mid-sized financial services firm, specialising in retail brokerage and asset management, with origins dating back over 130 years. »

Apollo Investment Corporation has adopted a plan for the purpose of repurchasing up to USD200 million of its common stock in accordance with the guidelines specified in Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934. »

FirstPEX, Europe's first, interactive auction platform to trade privately-owned shares and investments is being launched in the UK by Swiss-based technology firm LPO Ventures »

Castle Private Equity, the SIX Swiss Exchange listed fund of private equity funds, has approved a new distribution policy. The policy will enable the company to share realised gains with shareholders and has been initiated due to the strong recovery of the portfolio in the past two years and the company's success in reducing its over-commitment levels. »

HarbourVest Global Private Equity's (HVPE) estimated economic NAV is USD902.3 million or USD10.91 per share, as at 30 June 2011. This is a 0.1% decrease from the 31 May 2011 estimated Economic NAV per share of USD10.92. This nominal change was driven by decreases in the value of publicly-traded holdings to 30 June 2011 (approximately S0.01 per share) and ongoing operating expenses (USD0.02 per share).  »