Friday, 25 July 2014
Last updated 40 min ago
Mar 4 2011 | 10:12am ET
Japan's Mizuho Financial Group is to buy the lion's share of hedge fund research outfit Eurekahedge, it said yesterday.
Mizuho Corporate Bank will pay between US$20 million and US$30 million for 95% of Singapore-based Eureka, which publishes a series of widely-followed industry indices, according to published reports. The terms of the deal were not disclosed.
The acquisition by Japan's second-largest asset manager follows its founding in October of a hedge funds business.
Eurekahedge's founders will retain a 5% stake in the company and continue to manage the firm.
Eurekahedge was established in 2001; the company employs about 40 people.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…