Latest News
Australian fund administrator FundBPO – part of the MainstreamBPO group – has appointed wealth management software specialist DST Systems to implement the company’s enterprise workflow solution via a five year license agreement.
FundBPO is the first business around the globe to take up DST’s new Transfer Agency (TA) solution, which combines the company’s business process management platform AWD with pre-configured global best practice TA processes developed from DST’s own business process outsourcing operations for managing TA transactions.
The solution will initially be rolled out across FundBPO’s Australian TA operations to bring global best practices to clients including Equity Trustees,
- 21/03/2017
Brazilian investment manager Captalys has launched its first offshore fund with the support of Apex Fund Services as administrator.
Captalys has BRL1.5 billion in AUM and invests in Brazilian private credit.
The onshore fund has a six-year track-record (returning 20.2 per cent last year and 19.3 per cent in 2015) and started 2017 positively, gaining 1.7 per cent in January.
The recently launched offshore fund, Captalys Private Credit USD, is registered in the Cayman Islands and will operate a credit vehicle with a partial currency hedge to protect against the Brazilian real.
Running the new fund, which
- 21/03/2017
International law firm Proskauer has added a registered funds, BDC and regulatory team to its asset management platform.
The team is comprised of investment funds partners Stuart Coleman, David Stephens, Janna Manes, Nicole Runyan, Gary Granik and Bob Plaze and senior counsel Brad Green.
“Stuart and his team have deep experience in registered funds and all of the complex regulatory and compliance issues affecting the investment management space. They have a stellar reputation in the industry and we are delighted to complement our existing asset management platform with this top-tier practice,” says Joe Leccese (pictured), chairman.
Their practice
- 21/03/2017
- 21/03/2017
The Depository Trust & Clearing Corporation’s (DTCC) subsidiary operating the Global Markets Entity Identifier utility (GMEI utility) has received official accreditation from the Global Legal Entity Identifier Foundation (GLEIF).
The GMEI utility was among the first legal entity identifier (LEI) issuers to be endorsed by the LEI Regulatory Oversight Committee (LEI ROC) and continues to operate as the largest by share of the total LEIs issued worldwide.
The GLEIF, whose purpose is to ensure that the LEI remains the industry standard best suited to providing open and reliable data for unique legal entity data identification management, is evaluating the
- 21/03/2017
The Lyxor Hedge Fund index was marginally down this week with weaker oil and dollar contributing to the underperformance of macro funds, according to Lyxor’s latest Hedge Fund Weekly Brief.
Macro funds limited damages after building-up substantial long EM FX positions prior to the FOMC; as a result, their net overall USD exposure dropped by a third.
Merger funds also lagged this week due to non-M&A energy positions. Additionally, credit funds’ returns eroded on wider energy spreads.
Elsewhere, the strategies most exposed to risk assets benefitted from encouraging global growth, hopes from Trump’s reflation, with limited US rates
- 21/03/2017
Institutional alternative asset manager Crestline Investors has appointed Chris Golio as a managing director in the firm’s business development and client partnership group based in New York.
He will be focus on the Northeast and Midwest US regions and report to Frank Jordan, head of business development and client partnerships.
Prior to joining Crestline, Golio (pictured) was a partner for Constellation Associates providing private credit third party institutional marketing services primarily to direct lending and opportunistic managers. While there he specialised in direct lending, opportunistic and other illiquid strategies.
Before that, he was a managing director and the COO
- 20/03/2017
Law firm Michelmores and communications agency Bell Pottinger have combined to provide a new crisis management service to help mitigate reputation risk for the alternative investment and finance market.
The service was launched at an event at Michelmores’ offices on 16 March and was attended by prominent figures from leading businesses within the alternative financial services sector.
Michelmores’ and Bell Pottinger’s crisis management offering responds to the increasing variety and complexity of challenges faced by businesses in the sector. The greatest risk to these firms is a collapse in investor/lender confidence.
There are many reasons for loss of
- 20/03/2017
Geneva-based asset management company Quaero Capital has appointed Serge Ledermann as a member of its board of directors.
Backed with more than 35 years’ experience in the financial industry Ledermann (pictured) is a well-known public figure both in Switzerland and internationally.
Working as an independent advisor and an independent director for family offices, pension funds, foundations and asset managers Ledermann has held several managerial positions in asset management. He was a member of the executive committee and head of asset management at J Safra Sarasin, as well as deputy CEO and head of investment of Retraites Populaires in Lausanne.
- 20/03/2017
ERIC (Electronic Research Interchange), a marketplace for institutional investment research, has released the latest iteration of its platform and launched a research management dashboard which enables asset managers to better identify the worth of the research consumed within their organisation.
The redesign is part of the ongoing development of the ERIC platform, in consultation with the buy-side, and addresses the concerns expressed by the FCA in its recent review of asset managers’ use of dealing commission.
The FCA identified that many managers could not attribute a cost to substantive research, record broker interactions or explain the rational for research
- 20/03/2017
ServiceMatrix.net, a vendor management hub for institutional investors, asset managers and others, has taken its Pre-trade/Trading Survey live.
Since launching in 2016, ServiceMatrix.net has attracted 4,000+ users who can examine and rate service provision across the front, middle and back offices.
The rating activity has already delivered evaluations of 20 service providers, laying the foundations for delivering valuable feedback on their respective strengths and weaknesses.
Institutional investors, asset managers and others are encouraged to complete two simple questionnaires on Pre-trade/Trading in confidence at www.servicematrix.net to qualify for a complimentary report presenting the most impartial and valuable feedback on
- 20/03/2017
- 20/03/2017
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