Chimera Investment LLC (“Chimera”), an Abu Dhabi-based private investment firm managing a diversified portfolio of local and international investments including ETFs, has announced the acquisition of a majority stake in Beltone Financial Holding SAE (“Beltone”).
Deals & Transactions
O’Shares ETFs has announced that it has agreed to a strategic transaction with SS&C ALPS Advisors, a subsidiary of SS&C Technologies, with AUM exceeding USD8.6 billion in ETFs and total AUM exceeding USD17.6 billion.
TrueMark Investments, an Illinois-based asset manager and adviser to the TrueShares actively managed ETFs, has announced that RiverNorth Capital Management has acquired a minority stake in their firm.
ACA Group and Foreside Financial Group, LLC, US-based providers of governance, risk, and compliance (GRC) solutions to clients in the financial services industry, have announced that they have signed a definitive agreement to combine their two companies.
Index innovator BITA has received EUR6 million of Series A funding by ETFS Capital. The firm writes that the investment allows BITA to accelerate its technology rollout, add new functionalities to its all-in-one indexing platform and expand its business activity further across Europe and North America.
State Street Corporation and Brown Brothers Harriman & Co. (BBH) have announced that they have entered into a definitive agreement for State Street to acquire BBH’s Investor Services business, including its custody, accounting, fund administration, global markets and technology services, for USD3.5 billion in cash.
News came last week that iM Global Partner, a global asset management network, has made another alliance in its US expansion by entering into a partnership with Richard Bernstein Advisors (RBA). The firm acquired a 45 per cent non-controlling stake in RBA as of July 28, 2021.
Index provider Alerian has acquired ETF Trends and ETF Database. The firm writes that in addition to providing trusted research and educational tools for financial advisers, these companies offer clients proprietary data insights on the investment community.
Crypto ETP specialist firm 21Shares AG has established a partnership with the largest German online retail platform, comdirect, making them the sole provider of physically-backed crypto ETPs to the online broker’s savings plan program (the Spar plan).
The Swiss exchange, SIX, is acquiring ULTUMUS LTD, the London-based index and ETF data specialist. SIX writes that the acquisition is aimed at enhancing SIX’s data offering and to support its overall strategy to bring new data to its clients, making trading in ETFs more transparent and efficient for customers. The transaction closed yesterday, 12 July 2021. Financial terms of the acquisition are not disclosed.