Global solutions provider Linedata announced this week that two hedge funds in Asia have selected Linedata Global Hedge to support their businesses. One of these, Magenta Advisors PTE Ltd (Magenta), an independent boutique asset management and investment advisory firm based in Singapore, selected the portfolio management and middle office module of Linedata Global Hedge to support its start-up hedge fund business. »

Aviva has reached agreement to sell its 49 per cent interest in CIMB Aviva Assurance Berhad and CIMB Aviva Takaful Berhad to Sun Life Assurance Company of Canada, a subsidiary of Sun Life Financial, for a consideration of GBP152m payable in cash. »

The Abu Dhabi Investment Authority (ADIA) has appointed Gregory Eckersley as global head of internal equities, effective immediately. »

Natixis Global Asset Management (NGAM) has appointed Madeline Ho as head of wholesale distribution for Asia Pacific and managing director of NGAM Singapore. »

NYSE Euronext has completed its resource transfer from Fixasia Technologies, a provider of technology solutions and support services, to a newly created subsidiary NYSE Philippines. »

Venture capital firms invested about USD762m over 206 deals in India during the 12 months ended December 2012, according to a study by Venture Intelligence. »

Linedata has secured two new hedge fund clients in Asia, with both selecting Linedata Global Hedge to support their businesses. »

Citi has been appointed by Franklin Templeton Investments (Asia) to provide trustee, custody and transfer agent services in support of the launch of its inaugural Templeton China Opportunities Fund in Hong Kong. »