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Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has been named the Best North American Cloud Services Provider in the Hedgeweek USA Awards 2016.
The awards, which celebrate the achievements of the best performing managers and service providers in the US hedge funds industry, are unique in that they are based on a peer review system.
The winners were determined by the votes of Hedgeweek's subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians and advisers.
- 27/09/2016
Maples Fund Services, a division of MaplesFS and an independent global fund services provider, is celebrating the 10th anniversary of the opening of its Hong Kong office.
Commencing operations in Hong Kong in 2006, Maples Fund Services provides accounting, middle office, risk reporting and administration services to a client base which includes investment management firms, institutional investors, pension plans and global financial institutions.
Eastern Fong, regional hedge of fund services – Asia, has overall responsibility for the business operations of Maples Fund Services in the Asia Pacific region. Having joined the firm in 2006, he has played a crucial
- 27/09/2016
Asset management professionals continue to prioritise back-office automation and managing increased regulatory reporting, according to the 2016 Asset Management Industry Trends Survey by Confluence.
The majority of asset management industry professionals (61 per cent) cited automating back-office processes as an important goal over the next two years.
Back-office automation has remained the top priority in each of the four industry surveys that Confluence has conducted since 2008. Managing increased regulatory reporting requirements simultaneously (47 per cent) and centralising fund data (44 per cent) were the second- and third-most cited goals in this year’s survey.
Nearly all respondents reported being
- 27/09/2016
Funds-of-funds entered into side letters – special agreements that hedge fund managers sometimes make with investors, overriding general terms applicable to other investors – six times as often as non-profit institutions and nearly four times as often as corporate pension funds.
That’s according to the Seward & Kissel 2015/16 Hedge Fund Side Letter Study, which reveals that funds-of-funds made up 30.5 per cent of all side letter investors and government plans 27.1 per cent.
The investor types with the fewest side letters were corporate pensions and non-profit institutions, making up only 8.5 per cent and 5 per cent of
- 27/09/2016
A Tanzanian gold mining firm part-acquired by The Montreux Natural Resources Fund is due to produce its first gold next year following “fast-track” development of two of its mines.
In September 2015, The Montreux Natural Resources Fund, formerly The Montreux Commodity Trading Fund Cayman, expanded its focus in the gold-mining sector by acquiring a 50 per cent stake in the Tanzanian mining investment company GRB Mining Ltd, based in Dar Es Salaam.
GRB Mining, which has developed a niche high value-low Capex-low Opex mining model, focuses on the production of gold from small-scale high grade mines in Morogoro, Tanzania.
Since September last year two
- 26/09/2016
CBOE Holdings is to acquires Bats Global in a cash and stock transaction valued at approximately USD32.50 per share, or a total of approximately USD3.2 billion, consisting of 31 per cent cash and 69 per cent CBOE Holdings stock.
The deal is based on CBOE Holdings’ closing stock price of USD70.30 per share on 23 September 2016.
The transaction will significantly expand CBOE Holdings’ product line across asset classes, broaden its geographic reach with Bats’ strong pan-European equities and global FX positions, and diversify its business mix with significant non-transactional revenue streams.
CBOE Holdings expects to use Bats’
- 26/09/2016
- 26/09/2016
Thomson Reuters has launched a Diversity & Inclusion (D&I) Index, which ranks the top 100 publicly traded companies globally with the most diverse and inclusive workplaces, as measured by 24 metrics across four key categories.
The categories are diversity, inclusion, people development and news controversies.
The index is then calculated by weighing each metric based on importance in the market and how each company compares with its peers.
The D&I Index is available on Thomson Reuters Eikon, as are the underlying diversity and inclusion metrics, which can be used to gain insight and help financial professionals screen companies
- 26/09/2016
Richard Fleischman & Associates Inc (RFA) has launched the RFA Multi-Cloud platform to enable RFA clients to more efficiently scale up and scale down their cloud platform requirements in line with their business needs. And, importantly, in full compliance with regulation.
The new cloud solution builds upon the success of RFA’s private cloud – an infrastructure-as-a-service (IaaS) offering – which sees RFA partnering with Amazon and Microsoft, giving clients the flexibility to use public cloud services in tandem with private cloud services with the same guaranteed level of performance and security.
This latest development marks an important stage in the
- 26/09/2016
Allianz Global Investors has expanded its liquid alternatives platform with the launch of the Allianz Structured Return fund, an absolute return strategy designed to pursue positive returns independent of market conditions, while managing downside risk.
The new fund is managed by portfolio manager Stephen Bond-Nelson, alongside Greg Tournant, chief investment officer for US structured products at AllianzGI.
The investment team, based in New York, has extensive experience investing in equity index option strategies.
The investment platform, launched in September 2005, provides absolute return and return-enhancement solutions for its clients, and as of 31 July, the team manages USD5.3
- 26/09/2016
Volante Technologies, a provider of software for the integration, processing and orchestration of financial messages and payments, is partnering with Finexus to provide the key MT to MX message transformations in complex multi-currency Real-time Gross Settlement (RTGS) system implementations.
Finexus is a Malaysian-headquartered and Asia Pacific region-based digital payment solutions and services provider.
Finexus and Volante’s first project in the region is a multi-year implementation at a central bank and is part of a larger, global internationalisation and modernisation process, to build and maintain RTGS and Scripless Securities Settlement systems in the Asia-Pacific region.
Finexus chose to work
- 26/09/2016
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