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At the last count, there were approximately 1,384 pieces of information to look through under MiFID II. For Chief Compliance Officers, that is an awful lot of work to get on top of, which is why implementing a compliance roadmap as early as possible is so important.
To help with this, Duff & Phelps, one of the industry's leading regulatory compliance firms, has produced a solution named MAST: MiFID Analyser Solution & Tracker. This enables people to fast track in and identify, according to the permissions they have, what rules are likely to hit them and identify a `To do'
- 10/05/2017
- 10/05/2017
MiFID II comes into effect on 3 January 2018 and will likely require fund managers to make significant changes to their systems, governance and controls & procedures.
One of the first preparatory steps to take is for fund managers to gain a clear understanding of exactly how the regulation will impact them through an impact assessment and gap analysis.
Developing an implementation project plan is not an easy task and will require a joined up analysis across the various functions of the firm. Some key areas of focus will centre around commissions, the use of research and how it is
- 10/05/2017
The introduction of MiFID II and MiFIR on 3 January 2018 will impact every aspect of how financial institutions do business. The scale of the task cannot be underestimated. For buy-side firms, getting the right vendor relationships in place will be vital to ensuring that they operate under the regulations in as efficient and compliant a way as possible.
To help frame this vendor selection exercise, in March 2017 the Alternative Investment Management Association (AIMA) compiled a report, detailing the most effective third party vendor solutions. These span: transaction reporting; post-trade reporting; best execution/transaction cost analysis; telephone recording and surveillance;
- 10/05/2017
PineBridge Investments, a global multi-asset class asset manager, has launched the PineBridge European Secured Credit Fund, co-managed by portfolio managers Julie Bothamley and Evangeline Lim and global head of credit and fixed income Steven Oh.
The investment objective of the fund is to provide investors with income returns and capital preservation from a diversified portfolio of European sub-investment grade debt obligations issued by corporations in various industries and geographical regions.
The fund will seek to achieve these returns from investing in primarily senior secured obligations.
“Senior secured debt, particularly, bank loans, carry a higher recovery rate and rank
- 10/05/2017
Independent fund research company Fitz Partners gives an insight into the calculations of funds’ performance fees and their choice of benchmarks in the latest edition of its Performance Fee Benchmarking Report and Database.
Hugues Gillibert (pictured), chief executive officer of Fitz Partners, says: “In light of growing discussions on how asset managers should be charging for ‘value’ and the alignment of investors and fund managers’ interests through the possible development of performance related fees, a deep understanding of performance fee structures is critical. Our latest Performance Fee Benchmarking report and database, offers the means to easily compare and analyse different performance
- 10/05/2017
K&L Gates has appointed Giovanni Meschia as a partner in the investment management, hedge funds and alternative investments practice in the firm’s Milan office.
He joins K&L Gates from Jones Day.
Meschia advises domestic and international fund managers on the structuring, establishment, and operation of alternative investment schemes across a wide range of asset classes, including private equity and debt, real estate, and venture capital.
He also assists sponsors and institutional investors in connection with their investments in those alternative investment schemes, both in primary and secondary markets.
His experience includes domestic and other European Union funds, corporate
- 10/05/2017
A strategic data agreement between Thomson Reuters and S&P Global is aiming to deliver the industry’s most comprehensive transcript data service to financial services professionals.
Under the agreement, S&P Global Market Intelligence (a division of S&P Global) will become a major provider of transcript coverage on both public and private companies including complete coverage of companies in the S&P 500 and other leading stock market indices to users of Thomson Reuters desktops platforms including Eikon, Thomson One and Thomson Reuters feeds.
S&P Global Market Intelligence is a provider of multi asset class research and data, and Thomson Reuters Financial
- 10/05/2017
Apex Fund Services has agreed a recapitalisation deal with middle-market private equity firm Genstar Capital and is also to acquire Equinoxe Alternative Investment Services.
Headquartered in Bermuda, Apex was founded in 2003 by Peter Hughes (pictured) and today provides back office, middle office, regulatory reporting and other administrative services to a global customer base of asset managers across all asset classes.
With the addition of Equinoxe, Apex will increase its suite of middle office solutions and will administer close to USD80 billion in assets.
With enhanced capabilities, global reach and capital support from Genstar, Apex has a goal
- 10/05/2017
Dimensional Fund Advisors, a Texas based global asset manager with USD497 billion in assets under management, is extending its use of SimCorp Coric to enhance client reporting capabilities.
This follows the firm having gone into successful production with SimCorp Coric for key marketing materials, including product brochures and fund factsheets.
Dimensional has been using SimCorp Coric since deciding to initiate an effort to enhance its client communications and reporting capabilities in 2014. The firm wanted an operating model, which would provide the long-term scalability needed to support its global reporting requirements. The implementation of SimCorp Coric has meant that
- 10/05/2017
12th Street Asset Management has selected Archer, a technology and services provider for the investment management industry, to support the firm's growth across all channels, including separately managed accounts, a limited partnership and model delivery clients.
Archer will provide technology and services in support of 12th Street's investment products with features and services that will allow the firm to effectively scale operations to accommodate future growth.
12th Street Asset Management is an employee-owned, Nashville-based asset management firm, managing roughly USD1 billion dollars. In selecting Archer's web-based technology to support its business with a single investment book of record, 12th
- 10/05/2017
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