(September 6 – 16:40 ET) – Services financiers CDPQ, a subsidiary of the Caisse de dépôt et placement du Québec, says it has invested $2.15 million in Groupe BBSP, the leading European technical analysis advisor on the main G-7-country interest rate, index and foreign-exchange markets.
The company says its investment will allow the French firm to bring its products and services to market throughout North America from its new Montreal office. The Montreal office begins operation today with a four-member team lead by Stéphane Boury, a key member of the management at Groupe BBSP and president of its North American subsidiary BBSP Inc.
“We are proud to be associated with a European leader offering a unique personalized advisory service aimed at an international institutional clientele,: emphasized Denis Auclair, Director of Services financiers. :In particular, the technical analysis reports offered by our new partner are recognized as highly reliable and are now an integral part of the management process for numerous institutional investors.”
Groupe BBSP offers financial market analysis by telephone and over the Internet using a 25-member team of analyst-advisors, with each covering a specific G-7 market. Major Financière BCSA clients include Deutsche Bank, Goldman Sachs, J.P. Morgan, Crédit Suisse, National Bank of Canada, Kruger, Hydro-Québec and the Caisse de dépôt et placement. The firm also offers the ACE (Analysis Comes Easy) software package, a real-time system which provides the tools necessary for generating technical analysis reports aimed at exchange-floor traders and non-traditional portfolio managers.
Services financiers also announced that it has assigned management of US$10 million in assets to MT Asset Management, an affiliated company active in the management of derivative products.
Portfolio manager MT Asset Management specializes in alternative portfolio management, an emerging market, with its foreign-exchange, interest-rate and index futures fund
-IE Staff