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Thomas Miller Investment, a member of the 129 year old Thomas Miller Group of companies, has launched a Dublin domiciled UCITS compliant Diversified Assets Fund. The fund offers exposure to a broad range of alternative sectors providing a single investment solution for investors looking to add diversification to their portfolio. It is designed to deliver absolute returns over an economic cycle, with lower volatility than equity markets while exhibiting a low correlation to traditional asset classes.   The fund is co-advised by Thomas Miller Investment’s Abi Oladimeji and Mark McKenzie.   Carolyn Gelling (pictured), Director and Head of Collective Investment
Quality Capital Management (QCM), a UK-based global systematic macro investment manager, has launched its Alpha Financials Programme on the MontLake UCITS platform, an independent platform for UCITS funds.  Founded in 1995, QCM has a wealth of experience in managing investments. It has successfully navigated through 20 years of wide-ranging market cycles, dealing also with systemic shocks from abnormal events such as the global credit crisis.  During the period QCM has generated for its investors a cumulative return of 560% in its flagship product.   QCM founder, Aref Karim, formerly spent thirteen years with the world’s largest sovereign wealth fund, Abu
The FCA fined firms and individuals a total of GBP1.23 billion in 2014 for market integrity related breaches, which included abusive market behaviour such as: manipulation, insider dealing, FX failings and benchmark (i.e. Libor) manipulation.  That’s according to Kinetic Partners’ annual Global Enforcement Review which draws on publicly available data from financial services regulators across the UK, US and Hong Kong to assess regulatory trends and their effects on the financial services industry.   Kinetic Partners’ research also found that market integrity was the second most cited offence among fines filed by the FCA against either firms or individuals, totalling
Global investors have raised their holdings of cash significantly in response to a weaker global economic outlook, particularly in China, according to the BofA Merrill Lynch Fund Manager Survey for July.  Overall, equity allocations are unaffected by the higher risk aversion, however. Confidence in the global economy falls sharply: 42 per cent of investors expect strengthening over next year, down from 55 per cent a month ago. China heads concerns: net 62 per cent expect economy to weaken in next 12 months; eight out of 10 see GDP below 6 per cent by 2018. Cash levels soar to highest level
To help overcome the increased reporting burden faced by private equity managers, SEI has developed an automated end-client reporting capability. It comes at a time when global PE firms are having to adapt to regulation in the form of AIFMD and Annex IV reporting, not to mention a desire by LPs to derive greater transparency from their PE allocations.  Indeed, LPs are themselves coming under increased regulation – for example, insurance companies who need look-through reporting capabilities to manage their Solvency Capital Ratios under Solvency II.  This is putting pressure on back-office teams to generate reports in a more timely
Arkk Compliance has launched a new service for regulated financial services firms. The firm has already been working with a number of investment firms on COREP and AIFMD filings since a soft launch back in April of this year. “The service is designed as a fixed-fee solution that assists firms in their quarterly or annual filings,” says Nick Baldwin (pictured), who heads up the Arkk Compliance team. “From talking to regulated firms we realised that often those with a small back office team or overseas managers struggle to meet annual or quarterly deadlines for their filings due to lack of
Challenger Limited’s boutique funds management division, Fidante Partners, is to acquire 100 per cent of European alternative investments group Dexion Capital Holdings Limited. Dexion has interests in three specialist fund managers, and also has an investments distribution business, based in London.   The acquisition substantially expands Fidante Partners’ presence in Europe where it already holds interests in UK-based alternative asset managers, including global infrastructure investor Whitehelm Capital and asset-backed security specialist, WyeTree Asset Management.   Challenger’s Chief Executive Funds Management, Ian Saines, says: “This represents a significant step- up in our European presence and is an important part of our
HSBC Securities Services (HSS), part of HSBC’s Global Banking and Markets business, has been appointed by RWC Partners Limited to provide administration and global transfer agency services to five new alternative funds. These funds, which will be managed by RWC's Emerging and Frontier Markets Equity Team, are expected to attract an anticipated USD1.3 billion assets under management during launch.   Founded in 2000, RWC is an independent investment manager with approximately USD11 billion in assets under management.   The new funds will be serviced by HSBC Securities Services Ireland, which has had a client relationship with RWC since 2002.  
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2015 measured -0.65 per cent, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 2.71 per cent in July. “In terms of seasonality, July is typically a month that sees net outflows,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “SS&C GlobeOp’s CMI showed a -2.71 per cent change for July 2015, indicating a somewhat higher level of net outflows compared to -2.00 per cent a year ago.   “This increase in net outflows most likely reflects concern over
Nomura Research Institute (NRI) has implemented two ASP back-office systems, THE STAR*1 and I-STAR*2, at Nomura Securities (Nomura), the largest securities firm in Japan. As a result, Nomura has successfully discontinued the use of its in-house back-office systems for retail markets and street-side settlement of capital markets in Japan.   Although Nomura’s in-house system was flexible, the cost to maintain it was increasing rapidly year-over-year because of the ongoing updates which left the securities firm with an intricate and complex back-office system. Nomura completed the implementation of NRI’s retail back-office system, THE STAR, on Jan. 4th, 2013 and its capital

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