CACEIS custody and fund admin for Utopia project

European leader in asset servicing CACEIS has been selected by Bologna-based Fondazione Golinelli,Fondazione di Sardegna and Antonio Falcone as custodian and fund administrator for the Utopia project: the first Simple Investment Company (SIS) to commence activity in Italy.  SIS is the new investment structure to support the development of Italian start-ups and SMEs.  In particular, the Simple Investment Company aims to directly support small

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Opec Fund receives its inaugural credit rating

Fitch Ratings has assigned the OPEC Fund for International Development (OPEC Fund) an inaugural credit rating of AA+, with stable outlook and a Short-Term IDR of ‘F1+’, as the Vienna-based institution prepares to launch itself into the international capital markets. To date, OPEC Fund’s sole funding source has been capital replenishment contributions from member states (MS). However, …..OPEC Fund is taking steps

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Novalpina buys Romania’s Maxbet

Independent European private equity firm Novalpina Capital acquired MaxBet, the most important player in the Romanian gambling industry. According to local media reports citing sources, the transaction would amount to more than 250 million euro. Following the acquisition, MaxBet Romania will benefit from the expertise and experience of Novalpina Capital, which has a strong presence in multiple fields of activity, such as

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BR Partners makes third attempt to go public

BR Partners, a leading independent investment bank in Brazil, on Tuesday (June 18) relaunched its initial public offering (IPO), after two frustrated attempts since September last year. The Sao Paulo-based bank is planning to raise as much as BRL562 million ($111 million), according to a securities filing on Tuesday (June 15) and registered the share sale as a “restricted offering” for institutional

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Earlybird-backed Oculis closes $57M in funding

Earlybird Venture Capital’s Health portfolio Swiss biopharma company Oculis focused on developing transformative ophthalmic treatments, announced that it has closed an oversubscribed US$57 million Series C financing. The round was co-led by new investors BVCF Management and Hyfinity Investments, with VI Partners and Wille AG joining the company’s existing investors, Bay City Capital, Brunnur, Earlybird, Funds managed by Tekla Capital Management, Pivotal

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Hedge funds’ assets swell to $4.07 tn in March

Hedge fund industry assets jumped to $4.07 in trillion as of the end of March, a new record high, thanks to a boom in trading profits, according to data from Iowa-based BarclayHedge. Assets under management (AUM) first topped the $4 trillion mark in February when they stood at $4.03 trillion. That growth has come as investors pile in, encouraged by a rebounding

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Robinhood is bolstering its board of directors

Online brokerage Robinhood Markets Inc. announced on Tuesday (June 1) it named former Apple Inc executive Jon Rubinstein and former World Bank president Robert Zoellick as independent directors, adding that they will be appointed to the Board of Directors “immediately.” Meanwhile, PricewaterhouseCoopers partner Paula Loop, also a new independent director, will join the board on June 17. “Jon, Paula and Bob bring

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