Misys, the UK based software company whose new management is refocusing its business through a series of disposals and acquisitions, has acquired IQ Financial Systems (IQFS) from Deutsche Bank for $40 million in cash. Misys says the acquisition extends its
The victims of the Parmalat scandal include a number of convertible arbitrage hedge funds, according to a report in today's Financial Times. The Italian food company had four convertible issues in the marketplace, with a nominal value of Euros 1.2
Microsoft, BEA Systems and TIBCO Software have published a new Web services specification called WS Eventing. The aim is to offer a common way of communicating events within and between Web services. Events are defined as "occurrences in the real
Russia's growing economy presents "massive opportunities" for foreign investors across an increasingly diverse range of industries, according to The Great Transformation Russia's Return to the World Economy, a report published today by Heriot Watt University's Centre for Economic Reform and
ING Investment Management has launched the ING China WTO Guaranteed Fund in Hong Kong. It guarantees investors 100 per cent of their investment principle at maturity, with potential bonus coupons over the 4.5 year period offering a maximum upside of
Hedge funds tracked by the Hennessee Hedge Fund Index produced a positive return of 1.92% in December, bringing the 2003 return to 19.69%. The broad market indices were up in December, with the S&P 500 DRI Index gaining +5. 26%
The number of trades on SETS, the London Stock Exchange's electronic order book, increased to 2.67 million (of which 131,884 were trades on SETSmm(tm)) in December 2003, a rise of 35 per cent on the number of trades in December
CanDeal, the institutional fixed income trading platform in Canada, has launched a Provincial Bond Market, after six weeks of live testing with a number of leading market participants. The CanDeal Provincial Bond Market aims to provide institutional investors price transparency
Fund of funds house Man Group says its latest launch Man Multi Strategy Series 6 Ltd (Series 6) has raised the equivalent of US$625 million of client money. Series 6 was a global offering in two currency classes, Euros and
Does the mutual fund trading scandal offer an opportunity to make money as well as lose it? The lawyers certainly think so. And Portfolio Systems, a provider of fund administration and fund management software applications in the United States, reckons