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The SS&C GlobeOp Forward Redemption Indicator for March 2017 measured 3.48 per cent, up from 3.25 per cent in February.
"SS&C GlobeOp's Forward Redemption Indicator for March 2017 was 3.48 per cent, sharply lower than the 4.26 per cent reported a year ago for March 2016. In fact, the 3.48 per cent for March 2017 was the lowest level of redemptions for any month of March in the past five years," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. "We will be watching future data points very closely to see whether this improvement can be sustained and,
- 21/03/2017
Malta will benefit more than any other financial centre in Europe from Brexit, according to international asset management firm Managing Partners Group (MPG).
While Malta offers financial firms wishing to operate in the European Union several benefits, the alternatives all have serious flaws that make them comparatively less attractive, MPG says.
MPG’s capital markets team will be expanding on the company’s views at The Malta Solution – Ahead of the Curve seminar in London on 30 March.
Jeremy Leach (pictured), chief executive officer at MPG, says: “Malta will be the biggest beneficiary following Brexit. After London, it should
- 21/03/2017
Advanced Logic Analytics (ALA), a provider of enterprise wide big data and finance analytics solutions for buy- and sell-side institutions and other financial firms, has appointed Giovanni Loria to the company’s board as a non-executive director.
Loria (pictured) has been serving as VP and CFO global strategic finance at Computer Science Corporation (CSC) where in recent years he was responsible for the operational and financial transformation of the Xchanging acquisition and the global business services division. In his roles, he has been instrumental in supporting the firm’s global divisional leaders in the execution of company plans, strategies and M&A activity.
- 21/03/2017
SmartStream Technologies, a Transaction Lifecycle Management (TLM) specialist, has appointed Richard Bowler as chief financial officer with responsibility for all aspects of the company’s finances, including treasury, administration and financial strategy.
Bowler (pictured) will be located in London, reporting to SmartStream’s CEO Haytham Kaddoura, and will manage the finance team.
He has over 20 years of experience in the financial services industry. Most recently he was the CFO of Asset Control; prior to that he worked for the New York Stock Exchange, Technologies Division as the CFO for Europe and Asia. Earlier in his career he has had senior finance
- 21/03/2017
- 21/03/2017
ZEDRA, an independent fund specialist in trust, corporate and fund services, has placed an order with Sovos – the tax compliance software experts – for its AEOI Reporting solution.
Once implemented, the solution will help ZEDRA meet the demands of its tax, compliance and reporting obligations.
More than 100 tax jurisdictions have committed to the OECD’s global standard on Automatic Exchange of Information (AEOI) with 54 early adopters undertaking their first exchanges this year. The remaining 47 jurisdictions will exchange in 2018.
The OECD’s AEOI initiative lifts the burden associated with tax compliance with a solution that enables
- 21/03/2017
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
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