News Briefs – Deutsche banks on French alternatives, UK`s Paragon hit as it rejects GBP373m offer, Dow Jones STOXX SuperSector indexes licensed to ETF Securities Ltd, to underlie 3 ETFs, White paper: The New Fed Borrowing, A Layman`s Guide to Understanding Liquidity for Banks, Brokers and Hedge Funds
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Opalesque Exclusive: Deutsche banks on French alternatives
From the Opalesque team: Deutsche Bank believes the French hedge fund market is very promising, reports French news site Agefi.fr, to whom prime brokerage co-head Jonathan Hitchon said: “Paris, as a location, is very dynamic.” Deutsche Bank’s prime brokerage arm takes up to 18% of the world’s market share. He said that 2008 will be a great year for a return to prime brokerage fundamentals, with special focus given to hedge funds.
UK`s Paragon hit as it rejects GBP373m offer
Paragon, the buy-to-let mortgage lender, has rejected a £373m takeover proposal from a private equity group and abandoned talks with other potential bidders, triggering a 15% fall in its share price. Nigel Terrington, CEO, said Paragon was “fully funded until 2017” and had no need of a white knight. Bridgepoint Capital, Apollo Global Management and Blackstone were among the private equity suitors for Paragon, which said in July it had received a number of approaches and “entered exploratory discussions” with potential bidders. (ftalphaville.ft.com)
Dow Jones STOXX SuperSector indexes licensed to ETF Securities Ltd, to underlie 3 ETFs
STOXX Ltd., the leading provider of European equity indexes, has licensed the Dow Jones STOXX 600 Basic Resources, Dow Jones STOXX 600 Oil & Gas and Dow Jones STOXX 600 Utilities indexes to ETF Securities Ltd. to underlie three e...................... To view our full article Click here
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