Amundi is to buy Lyxor’s ETF and actively managed alternative platform from Société Générale for a total cash consideration of EUR825 million, or EUR755 million excluding excess capital, in a move that will result in Amundi becoming the European leader in ETFs with EUR142 billion in assets and a 14 per cent market share in Europe.
Deals & Transactions
WisdomTree, the exchange traded fund (ETF) and exchange traded product (ETP) sponsor, has adopted a multi-custodian model for its physically-backed bitcoin ETP following the appointment of Coinbase Custody.
Osprey Funds, the digital asset subsidiary of REX Shares, is to spin off into an independent legal entity. The news comes on the heels of the Osprey Bitcoin Trust (OBTC) crossing USD150 million in assets under management (AUM).
Alerian and S-Network Global Indexes have partnered with C8 Technologies, the first global marketplace for asset owners, funds, banks and index providers, to offer several unique and compelling strategies on its direct indexing platform.
BetaShares has received a significant investment from TA Associates, a global growth private equity firm, to fuel a major expansion of its business activities. Financial terms of the transaction have not been disclosed.
The decision by traditional pharma company JAZZ Pharmaceuticals to purchase GW Pharmaceuticals, the company behind the first FDA approved drug derived from cannabis, is a notable turning point for the medical and wellness cannabis market, according to the Medical Cannabis and Wellness UCITS ETF (CBDX).
Investment Metrics, a provider of analytics, reporting, data, and benchmarking solutions for the institutional investment market, has acquired London and Boston-based Style Analytics, a cloud-based SaaS platform that provides Investment Factor and ESG Exposure analysis for the institutional investment community worldwide.
Routemaster Capital has entered into a binding Letter of Intent (LOI) to acquire a 20 per cent equity interest in Valour Structured Products (Valour) from certain shareholders of Valour.
The second phase of development is underway at St Modwen’s 58-acre industrial and logistics park in Gloucester with the commencement of construction works.
Solactive, a technology-enabled provider of indices and index solutions to the global financial services industry, has secured a EUR50 million minority investment from global growth equity firm Summit Partners.