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Berdon Fund Services, a New York-based fund administrator has incorporated FundCount’s accounting and investment software into its service offering.
FundCount is a Boston-based provider of integrated investment, partnership and general ledger accounting software that has been working with hedge funds, family offices and fund administrators since 1999. Berdon Fund Services’ adoption of the FundCount platform will enhance its service approach – by providing a robust solution that will enhance efficiency and overall client service – and better position the firm for growth.
Berdon Fund Services, an affiliate of New York-based Berdon LLP – Accountants and Advisors, was launched in 2015
- 14/02/2017
Perfect Channel, a specialist in marketplace transformation technology, has secured GBP2 million in funding from its long-term investor Beringea, and new partner UIL Limited, an investment company jointly managed by ICM Limited and ICM Investment Management Limited.
Perfect Channel – which has built an auction and trading platform for companies operating marketplaces in commodities and financial assets – will use the funding to support continued sales growth and product development over the coming year, following the appointment of industry veteran Jim Leeds as the company’s new CTO in January 2017.
Working with clients including Global Dairy Trade (GDT), Lloyd’s, and
- 14/02/2017
Calamos Investments has appointed Michael Grant (pictured), Senior Vice President, to lead portfolio management of the firm’s approximately USD2.3 billion in US growth strategies, including the USD1.8 billion Calamos Growth Fund (CVGRX).
With 30 years of investment management experience, Grant joined Calamos in 2015 following the acquisition of his firm, Phineus Partners LP, where he launched a successful long/short investment strategy that was reorganised into a retail mutual fund, Calamos Phineus Long/Short Fund (CPLIX), in 2016.
“Michael is an exceptional investment manager with a demonstrated track record of performance. He will apply his deep knowledge and expertise as part of
- 14/02/2017
BTL Group is working with a group of leading energy companies, including Wien Energie, Austria’s largest regional energy company, on a blockchain pilot using BTL’s Interbit platform.
As with previous projects that BTL has successfully completed in this space, the goal is to demonstrate how BTL’s technology can significantly drive down costs associated with energy trading. This revenue generating pilot will run alongside the other work BTL is continuing to undertake in the energy and finance industries.
Guy Halford-Thompson, Chief Executive Officer and Co-Founder of BTL, says: “We are very excited about working on this project with a number of
- 14/02/2017
Bermuda Monetary Authority (the Authority) has confirmed that Bermuda had 776 active captive licences on its register as at 31 December 2016.
The Authority’s definition of a captive – an insurer predominantly formed to self-insure the parent company – includes: Class 1, 2, 3 general business insurers and Class A and B Long-Term (life) insurers. Bermuda’s captive register as at 31st December 2016 included: Class 1 – 225 licences; Class 2 – 280 licences; Class 3 – 255 licences; Class A – 8 licences; and Class B – 8 licences.
Bermuda’s captive register remained stable in 2016, with new registration
- 14/02/2017
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.59 per cent in January, outperforming the 0.50 per cent monthly return for the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Due to the perceived optimism that Trump and the Republican party bring to the economy, credit managers in both relative value and event driven strategies
- 14/02/2017
Blockchain will become adopted in the financial post-trade area in three to five years, according to almost half (48 per cent) of the membership base of the Post-Trade Distributed Ledger (PTDL) Group.
In addition, just over a quarter (29 per cent) of members believe blockchain will become adopted in as little as the next one to two years, though 21 per cent forecast it will take in excess of five years.
The survey of PTDL’s global membership found that the top three benefits of distributed ledger technology will be operational cost savings (cited by 81 per cent), increased efficiency/ reduced
- 13/02/2017
Qineqt, a NYC based company that is building a foundational data architecture for investment managers, has added another Senior Data Architect to its Executive Team.
John Budnik (pictured) joined Qineqt this week to lead Delivery Architecture and Data Analytics products, bringing 37 years of data and engineering experience to the senior leadership team.
Budnik was most recently VP, Professional Services & Senior Software Engineer at Dataminr, where he played a key role as technical liaison between product and customers in the development of Dataminr’s graph architecture. As a member of Dataminr’s original executive team, Budnik was the lead architect of the
- 13/02/2017
- 13/02/2017
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2017 measured 1.71 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.45% in February.
"SS&C GlobeOp's Capital Movement Index for February 2017 of 0.45% reflects an increase in capital allocated to hedge funds, although at a slightly lower rate than the 0.59% increase reported in February 2016," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Outflows actually decreased in the year-over-year comparison, but this was offset by lower inflows. Overall, we are seeing fairly subdued activity in
- 13/02/2017
Invast Global has appointed industry veterans Andrew Pal (pictured) and Cassandra Lister as specialist consultants, further strengthening the firm’s Asian PB and Liquidity offering.
With a distinguished, twenty-year career at UBS under his belt, most notably as the Executive Director & CEO of UBS Futures Singapore, Andrew Pal brings a particular expertise in the changing global regulatory environment and the opportunities afforded within the prime services space as regulatory reforms progress.
Pal says: ‘‘I am looking forward to working with Invast Global at such an exciting time in the evolution of the prime brokerage landscape and especially, the growth of
- 13/02/2017
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