Solutions
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.
AIMA, which has carried out a comprehensive analysis of the proposed FTT, said there would be a significant slowdown in trading of financial instruments like shares, bonds and derivatives in the EU.
The AIMA analysis concluded that the FTT would have widespread, unintended damaging consequences. As well as undermining the EU’s single market, the FTT would be likely to
SEI has unveiled a new service that assists SEC-registered investment advisers of private funds in meeting their Form PF obligations.
Form PF was recently jointly adopted by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It requires SEC-registered advisers to hedge funds and other private funds with at least USD150 million in private fund assets under management to report information to the Financial Stability Oversight Council (FSOC) to enable the FSOC to monitor risk to the US financial system.
Having worked closely with industry consultants and after performing considerable analysis, SEI has developed a
Trade sales led realisation activity in 2011, according to the latest listed private equity Cash Flow Compass report published by LPEQ and Deloitte.
The report reveals that some 57% of direct fund realisations in 2011 consisted of trade sales as companies used their record cash surpluses to buy attractive business. This was almost double the 29% for the whole of 2010. Secondary buyouts fell to 20% in 2011 from 39% in 2010.
Furthermore, realisations were across a larger range of sectors in 2011 compared to 2010, with deals in the healthcare industry comprising 40% of the total in 2011, followed
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.
NYSE Euronext is setting up a strategic planning committee that will give SMEs greater say in market governance, whether they are listed in the B and C compartments of its regulated market or on NYSE Alternext. Composed of issuers, intermediaries and other key stakeholders, this will be in place by the end of 2011. It will be chaired by Fabrice Demarigny,
Lysanda, a leading vehicle technology developer, has closed on the first tranche of a GBP10 million expansion plan from a syndicate of investors including Disruptive Capital Finance and the Truell brothers Danny and Edmund.
Newly appointed Executive Chairman, Geoffrey Finlay, who invested alongside the syndicate and has an extensive background and expertise in building software businesses internationally, says: “Lysanda is extremely innovative and has ground-breaking patented technology which will play a transformational role in how vehicles are managed, driven and insured. The technology has been developed by an impressive team with strong technical know-how, and I look forward to being
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 SEC is issuing the proposal jointly with the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency.
"This proposal is intended to curb the proprietary trading of commercial banks and their affiliates in order to protect taxpayers and consumers by prohibiting insured depository institutions from engaging in risky proprietary trading," says SEC Chairman Mary L Schapiro (pictured).
Public
Pamlico Capital has made a USD28 million equity investment in T2 Systems, Inc. T2, founded in 1994, is a rapidly growing provider of unified SaaS (Software as a Service) parking management solutions in the US and Canada.
CEO Mike Simmons will retain significant ownership of T2 and will continue to manage the growth of the company in partnership with Pamlico and the existing senior management team. Pamlico has also committed to investing additional expansion capital. Detailed terms of the transaction have not been disclosed.
T2 Systems is the only provider of a unified SaaS parking management solution for universities, municipalities,
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.
The return on the Dow Jones US Venture Capital index for the 12-month period ended March 2011 was 32.7%. The largest gains for the quarter and year ended in March 2011 were in software companies.
Venture capitalists invested an estimated USD6.5 billion in 661 deals in
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.
Bendigo is investing alongside Monex Group (ticker 8698, Tokyo Stock Exchange), a leading online financial services provider and Aeria Inc (ticker 3758, JASDAQ), a content and game developer and provider.
“The retail financial services industry in Japan is very fragmented and Bendigo and Akatsuki see opportunities for consolidation and the introduction of new strategies and products,” says Dominic Henderson, Bendigo’s lead partner in Japan and former Branch Manager
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.
The Company’s plan is designed to allow it to repurchase its shares both during its open window periods and at times when it otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods. A broker selected by the Company will have the authority under the terms and limitations specified in the plan to
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
