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Ocorian is to acquire MAS International (MAS), an independent fund administration and corporate services provider. The business operates in Luxembourg and Mauritius in addition to representation in the US.
Expected to close towards the end of 2017, the transaction, which is subject to regulatory approvals, will realise the next stage of the progressive trajectory for Ocorian, following the management buyout and successive rebranding of Bedell Trust in 2016. The acquisition expands Ocorian’s international presence and service capabilities, providing further depth for their existing jurisdictions.
All staff from MAS’s administration and corporate services business will join the combined operation to
- 19/07/2017
- 19/07/2017
Geneva-based Quaero Capital has re-named its ‘Argos Funds – Family Enterprise’ fund as the ‘Argos Funds – Smaller European Companies’ fund to better reflect its investment universe.
Fund managers, Marc St John Webb and Philip Best say the management philosophy will remain the same, as they continue to invest in European listed smaller family-owned companies with a Value-based, bottom-up fundamental approach.
Investing in listed family-owned companies has increasingly become a core focus for all the funds run by the Quaero Smaller Companies team, with over 50 per cent of the assets of the Argonaut and Swiss funds currently invested
- 19/07/2017
The hedge fund industry continued its recent run of consistent gains in June, returning 0.57 per cent for the month, according to the latest figures released by Preqin.
This is the eighth consecutive month of positive performance for the industry, surpassing the seven-month period recorded in March-September 2016.
These gains have pushed 2017 YTD returns to 4.87 per cent, the highest H1 performance since the first half of 2009 (+16.94 per cent). It is also the first time since 2007 in which the first six months of the year have all recorded positive returns.
Equity strategies funds recorded
- 19/07/2017
South African market participants can now enjoy unprecedented automation and straight-through processing by leveraging newly available, integrated cloud-based technology to exchange tri-party SWIFT1 messaging for collateral instructions, settlement and confirmations.
CloudMargin, the multi-award winning creator of the world’s first web-based collateral and margin management solution, and Strate, the South African Central Securities Depository (CSD) and South Africa’s first Tri-Party Collateral Management Agent, today announced that they have just integrated their platforms. The move makes tri-party messaging and collateral optimisation more accessible for both buy- and sell-side participants in the country.
The agreement enables clients to efficiently and seamlessly use
- 18/07/2017
London-based startup Hedgd has launched its Hedgd OMS (Order Management System) that enables investment managers to take control of data, costs and productivity.
Provided in, and built for, the cloud as a software-as-a-service (SaaS) solution, Hedgd provides enterprise-grade software to investment firms who previously would not access it due to total cost of ownership barriers.
With Hedgd OMS, firms can enjoy full visibility over transactions throughout the trade lifecycle without the need for expensive infrastructure, as the system is all cloud-based with Azure. The OMS operates in a collaborative workflow “chat app” format that will be familiar to many
- 18/07/2017
The Irish Stock Exchange (ISE) has gone live with Deutsche Börse’s new T7 trading platform for the Irish equity market. This new platform further enhances the performance and capacity of the ISE’s equity market offering.
T7 delivers synergies, which make it even easier and reduces cost for international trading firms to connect and trade equities on the ISE, due to lower development and maintenance costs for firms, which are active on T7 across multiple markets. The new system also reduces latency even further for all trading members.
Brian Healy (pictured), Director, Traded Markets, Development, Operations at the ISE, says:
- 18/07/2017
Crystal Century Investment has launched a multi-asset alternative investment fund aimed at providing institutional clients and retail investors with access to an actively managed alternative fund.
As uncertain market conditions continue to pressure investors into taking on more equity risk, the fund aims to relieve stress enhanced positions by participating through a range of alternative classes whose performance is less reliant on favourable market conditions.
“With the introduction of our liquid alternative multi-asset fund, we have addressed a number of investor concerns in response to an uneasy imbalance of the current risk-benefit equation. At both the institutional level and
- 18/07/2017
The PRI, supported by the United Nations and the leading proponent of responsible investment, is working to standardise the way in which investors source and allocate capital to hedge funds who base their investment strategies on environmental, social and governance (ESG) factors.
This concept of responsible investing, which also goes by the name of Impacting Investing, is becoming increasingly important to investors as they consider the long-term consequences of how and where they invest.
Yet while many global corporations are signatories to UN PRI (Principals of Responsible Investment), the number of hedge fund signatories remains extremely low. According to Marisol
- 18/07/2017
By George Ralph (pictured), RFA – The aptly named WannaCry cryptoworm, is working its way around the world, encrypting data and demanding ransom payments in the cryptocurrency, bitcoin.
The attack was global in scale, and brought parts of the NHS to a standstill, along with Telefonica in Spain, FedEx, Deutsche Bahn and LATAM Airlines, to name a few.
For financial services firms, WannaCry is a wakeup call, because although the sector seems to have escaped relatively unscathed, so far, the next attack is just around the corner, and:
1) WannaCry has all the signs of an amateur attack.
- 18/07/2017
Spruce Investment Advisors, an asset manager and Chief Investment Officer for family offices and charitable institutions, is teaming with Old Farm Partners to identify new investment opportunities with small and mid-sized hedge fund managers.
Old Farm Partners was co-founded last year by Kieran Cavanna who previously managed the hedge fund selection team at Soros Fund Management, a multi-billion dollar family office.
“Kieran is a long time friend of the firm and we look forward to working with him and the team at Old Farm to create more value for our clients,” says John Bailey (pictured), founder and CEO of
- 18/07/2017
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