Category: Institutional

financial buildings
April 23, 2025 BY Sam Boughedda

Argentex Confirms 'Advanced Discussions' with IFX Payments Regarding Takeover Proposal

In a statement, the currency risk management firm said it had received non-binding indicative proposals from three potential bidders: IFX Payments, Lumon Acquisitions (a Pollen Street Capital vehicle), and Terry Clune with Harry Adams.  However, the Board has “unequivocally rejected” the proposals from Lumon and Clune/Adams, while it is continuing talks with IFX Payments over…

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Hong Kong
April 18, 2025 BY Sam Boughedda

Hidden Road Secures FINRA Broker-Dealer Licence to Expand Fixed Income Offering

The move comes not long after it was announced that Hidden Road was acquired by Ripple for $1.25 billion. The licence enables Hidden Road to offer a wider range of regulatory-compliant services—including clearing, financing and execution—to institutional clients in the fixed income market.  The firm’s platform already includes Fixed Income Repo and Global Funding services.…

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April 17, 2025 BY Sam Boughedda

Man Group Reports $172.6 Billion in AUM at the End of Q3

The increase was driven by $3.6 billion in net flows and $1.5 billion from other factors, partially offset by $1.1 billion in negative investment performance.  The group’s long-only strategies saw the most notable growth, with discretionary long-only assets rising by $4.4 billion to $33.2 billion, led by strength in credit and convertibles. Man Group estimated…

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BNP Paribas and market maker GTS extend collaboration to US Equities
April 17, 2025 BY Sam Boughedda

Impax Asset Management Subsidiary Enters Into Advisory Agreement with BNP Paribas Asset Management Europe

Under the terms of the agreement, IAMI will provide investment advisory services to BNPP AM Europe in relation to an investment fund.  The firm explained that the deal forms part of an ongoing distribution arrangement between Impax and BNP Paribas Asset Management across several international markets. As part of the agreement, BNPP AM Europe will…

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CME Group
April 15, 2025 BY Sam Boughedda

S&P Global, CME Group to Sell OSTTRA to KKR for $3.1 Billion

In a press release on Sunday, CME noted that the post-trade solutions provider, formed in 2021, has grown into a critical infrastructure player in the global over-the-counter (OTC) derivatives market. The enterprise value of the transaction will be split equally between S&P Global and CME Group, which each hold a 50% stake in OSTTRA.  The…

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StoneX
April 15, 2025 BY Sam Boughedda

StoneX to Acquire R.J. O’Brien for $900m

The move is expected to significantly expand StoneX’s global derivatives presence. Announced on Monday, the acquisition will be paid through a mix of $625 million in cash and 3.5 million shares of StoneX common stock.  StoneX will also assume up to $143 million of RJO’s debt. The transaction is expected to close in the second…

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April 14, 2025 BY Sam Boughedda

HSBC Exploring Move into Private Credit Market – Reuters

The bank has reportedly held early-stage discussions with several private credit firms to explore potential partnerships.  Rather than launching a full-scale private credit operation, the report states that HSBC is considering a more measured approach, with some executives said to be expressing caution about the potential cost versus revenue benefits. One source told Reuters that…

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January 20, 2025 BY Sam Boughedda

City of London Investment Group AUM Declines

The firm revealed its AUM fell by 2.9% to $9.9 billion, down from $10.2 billion at the end of June 2024. The decline was attributed to net investment outflows of $564 million, primarily driven by client rebalancing and asset allocation changes amid strong market returns.  The Emerging Markets (EM) and International Equity strategies were said…

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