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Visible Alpha has made two senior sales and relationship management hires to support the company’s expanding client base. Rapid growth in clients and platform contributors has been driven by the acquisition of ONEaccess, partnerships with other solution providers and new product launches, such as the Visible Alpha platform and ONEaccess MiFID II Research Valuation Solution.   Mark McNerney (pictured) has joined as head of sales, EMEA with responsibility for expanding and servicing the growing client base in the region. Previously, McNerney spent three years at Fitch Solutions where he was global head of strategic partnerships and eight years at the
Global trends to increase allocations to alternative assets should give managers confidence in the future of Jersey’s funds industry, according to the chairman of the Jersey Funds Association (JFA). Speaking at this year’s annual JFA Dinner (21 April) held at the Royal Jersey Showground, Mike Byrne (pictured) told an audience of over 400 funds professionals, senior politicians and regulatory representatives that moves amongst institutional investors were having a positive impact on the performance of Jersey’s funds industry.   Figures for the end of 2016 indicate that the total net asset value of funds under administration in Jersey stood at GBP260
Colt Technology Services has opened a point of presence (PoP) in Marseille – an increasingly important hub location for carriers and organisations looking for a high bandwidth connectivity gateway connecting Europe with Asia, Africa and the Middle East. With IP traffic in the Middle East and Africa set to grow six-fold from 2015 to 2020 to 10.9 Exabytes per month, and IP traffic in Asia Pacific set to grow three-fold to 67.8 Exabytes per month over the same period, Colt is addressing customer demand for both point-to-point and geographically diverse high bandwidth transit between Europe, Africa, the Middle East and
Marcum has named Help for Children – Hedge Funds Care (HFC) as the exclusive charity beneficiary of the 2017 Marcum MicroCap Conference.  A percentage of proceeds from the accounting and advisory firm’s annual investor conference will be donated to support HFC grants for the prevention and treatment of child abuse.   This is the second year Marcum selected HFC as its charity partner for the Marcum MicroCap Conference, which will be held this year June 15-16 at the Grand Hyatt Hotel in New York City.   Founded in 1998, Help for Children is a global foundation supported by the alternative
StatPro Group, an AIM-listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has joined the Cloud Security Alliance (CSA), an organisation dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. StatPro launched the industry’s first cloud-based portfolio analytics platform in 2011.   StatPro Revolution is a cloud-based performance and risk analytics solution using advanced cloud technologies with multiple providers in global locations.   Client data and information security is a critical component when offering a cloud-based service to the global investment management industry. Joining the
Alternative fund administrators have reported an increase in assets under administration (AUA) to USD7.64 trillion, up 14.15 per cent from the prior year, according to eVestment’s 2017 Alternative Fund Administration survey. Highlighting the continued growth in third party administration of private equity funds, survey respondents, who cover hedge funds, private equity, real assets, funds of funds, and liquid alternatives, see private equity as the strongest area of anticipated business growth, as they did in last year’s survey.   Hedge funds came in second for anticipated growth and real assets came in third.   The survey represents the current state of
Eighty-nine per cent of asset managers, brokers and banks believe that regulations are increasing costs, and most believe that compliance spend could more than double in five years, according to a survey from professional services firm Duff & Phelps. The survey of nearly 200 senior financial services professionals shows that firms are typically spending 4 per cent of their total revenue on compliance, and this could rise to 10 per cent of revenue by 2022.   Despite this, firms are struggling to properly resource and comply with today’s financial regulation. For example, only 36 per cent of firms who are
Geneva-based asset manager Quaero Capital has appointed James Hepworth as head of sales for the UK, charged with building relationships with UK institutional investors from the firm’s London office. Hepworth, 53, joins Quaero Capital in April from Paris-based Asset Managers & Advisors, where he was a founder and managing director from 2009. The firm created JVs on both sell-side equity research and fund raising for international asset managers including private and public market strategies.   Previously Hepworth was a senior vice president and head of European sales for Jefferies International in Paris.   Hepworth has also worked for ABN Amro
EEX Group sales revenue rose by 23 per cent to EUR234.2 million in 2016, as the group strengthened its core markets, increased its geographic reach and expanded into new business fields. “As a result of our group-wide strategy, we were able to significantly increase our trading volumes in all markets and achieve new records in sales revenue and earnings before tax (EBT),” says Peter Reitz (pictured), chief executive officer of EEX.   Iris Weidinger, chief financial officer of EEX, adds: “We achieved this result through organic growth in our existing markets. The power and gas markets, in particular, contributed to
Markov Processes International (MPI), a fintech provider of tools and services for analysing investment performance and risk, has appointed Bijan Foroodian (pictured) as managing director of EMEA. Based out of London, he will be responsible for MPI's overall business and client relationships across EMEA.   Foroodian has over 20 years’ experience in the global fund industry with specific focus in the UK, Japan and the US. Prior to MPI, he was chief investment officer for Inflection Point Capital Management and, before that, Innovest Strategic Value Advisors acting as chief investment officer and managing director. In those capacities, he was instrumental in developing

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