Solutions
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has launched AbacusVoice, a fully managed voice solution.
AbacusVoice offers the convenience of a hosted turnkey solution with always-on technical support, eliminating the need to invest in on-site systems and maintenance staff.
As budgets are squeezed across the industry, AbacusVoice enables firms to focus their resources on their core business rather than their telephony. AbacusVoice is a fully scalable all-in-one solution that allows firms to add and upgrade features seamlessly as they become available. All call traffic is routed over a secure private network,
For the second consecutive year, NYSE Euronext raised more proceeds from initial public offerings (IPOs) than any other global exchange group in 2012 with USD36bn in total global proceeds raised from 117 IPOs.
In the US, the New York Stock Exchange (NYSE) and NYSE MKT combined led the market with 79 IPOs and 16 transfers. In Europe, NYSE Euronext welcomed 25 new listings, with approximately EUR2.7bn (USD3.5bn) in proceeds raised.
"Issuers successfully raised more IPO capital on NYSE Euronext markets than any other exchange in 2012, despite the lingering uncertainty that weighed on the global economy," says Scott Cutler, EVP,
Total volume and proceeds raised in the 2012 IPO market increased over 2011, despite the slowdown in activity during the fourth quarter, according to IPO Watch, a quarterly and annual survey of IPOs listed on US stock exchanges by PwC US.
Following a strong performance in October, the market pulled back as companies waited for clarity on US fiscal policy.
For the full year, the IPO market saw 138 companies completing their IPOs as of 13 December, 2012, raising total proceeds of USD40.7bn, compared with 134 companies that had completed their IPOs for all of 2011 raising USD35.5bn, according to
Nomura has launched the Nomura QES Modelled Private Equity Returns Index (PERI) in the US, the first daily investible index for institutional investors which targets returns similar to those achieved through investment in private equity buyout funds on a committed capital basis.
The PERI has been developed in collaboration with sub-adviser and quantitative think tank Quantitative Equity Strategies (QES) and uses data provided by Preqin.
The PERI does not invest in buyout funds directly or indirectly but has been developed on a foundation of private equity research which suggests that a substantial portion of private equity buyout fund returns can
CAIS, the financial-technology solutions provider, has launched the CAIS Exchange, the first online alternative investment marketplace designed for the wealth management industry.
The CAIS Exchange (CAIS-X) offers access to a broad menu of top-tier funds and products, independent due diligence reports provided by Mercer, portfolio construction and analytics tools and an electronic subscription and redemption process for streamlined trade execution.
CAIS-X is the first complete solution to offer access, oversight and execution in a single venue, empowering wealth management professionals with institutional quality products coupled with time-saving operational efficiency.
The funds and products that list on CAIS-X represent a broad
Shares in the AIM-quoted investment group China Private Equity Investments (CPE) can now be traded on the Frankfurt Stock Exchange.
They have been included on the Quotation Board of the Exchange’s Open Market following meetings with German investors during the summer to discuss growing interest in the company in Germany.
It is anticipated that the Frankfurt listing may encourage regular trading by German retail investors, enhancing liquidity in the company’s shares on both the Frankfurt and AIM markets.
CPE chief executive officer John Croft says: "Germany and the UK are Europe’s top two investors in China, and we believe listing
Interdealer broker ICAP has made a series A investment in Model Two Zero, a company specialising in matching, reconciliation and data transformation software.
This investment follows an earlier investment by Euclid Opportunities, ICAP’s vehicle for funding next-generation financial technology.
Model Two Zero will use the funding to launch a next generation reconciliation service built upon the company’s matching and data-translation technologies. The hosted service uses algorithms to reduce the time and cost involved in setting up reconciliations, improving operational risk controls, efficiency and flexibility across the industry.
Mark Beeston, chief executive of portfolio services at ICAP, who has joined Model
Shares in Uganda’s electricity distributor, Actis-backed Umeme, have begun trading on the Uganda Securities Exchange (USE).
Uganda’s Vice President, Hon Edward Ssekandi rang the bell on the IPO at a special event at the Kampala Sheraton, to which the USE had relocated for the day.
The stock closed at a weighted average price of Ugandan shillings 275, unchanged on the offer price.
The IPO of Umeme, which has been an Actis investment since 2005, was oversubscribed by 37 per cent, with particular demand from East African institutions and Ugandan retail customers. The offering, which closed on 7 November, is
Cherwell Software, a provider of an IT service management platform, has closed a USD25m minority equity investment from Insight Venture Partners.
Cherwell Software will use the growth capital to accelerate growth of its channel sales programme globally and to build additional applications and services to broaden the capabilities of its IT Services Management (ITSM) platform.
As part of the transaction, Richard Wells, managing director at Insight Venture Partners, will join Cherwell Software’s board of directors.
"We are excited to welcome Insight Venture Partners to our team," says Vance Brown, chief executive officer and co-founder of Cherwell Software. "Cherwell’s goal is
Advent Software has launched a new interface between Tamale RMS and IntraLinks offering multi-manager organisations enhanced information automation and significant time savings with their research and due diligence processes.
Advent’s Tamale RMS is the only RMS to offer the IntraLinks service to its multi-manager clients.
The interface:
• Enables automatic transfer of monthly documents from hedge fund and private equity managers to Tamale RMS, categorized according to the client’s preferences,
• Eliminates multiple extra steps and manual data entry to add the necessary data into a single system of record for research (Tamale RMS), and
• Automates due diligence
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
