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Linedata has made significant enhancements to its web portal facility for its Linedata Admin Edge platform. These enhancements focus on data control, reconciliation and creating ad-hoc user-defined views.
The enhanced web functionality, powered by Linedata Reporting, fuses secure access to real-time data with sophisticated presentation capabilities, enabling users to create customised reports and view them securely, in a number of different formats and on a wide variety of devices, including tablets and smartphones. This development offers enhanced operational efficiency for users, delivering information faster, enabling better informed decision-making, lowering risk and improving the day-to-day running of the fund accounting function.
- 02/12/2014
Financial services software provider SS&C Technologies Holdings has acquired DST Global Solutions Ltd, a subsidiary of DST Systems, Inc, for USD95 million in cash.
DST Global’s products now owned by SS&C include industry-leading investment and fund accounting platform, HiPortfolio, and investment data management and analytics platform, Anova. SS&C financed a USD75 million portion of the purchase price by drawing down on its line of credit.
With more than 155 customers throughout the Americas, EMEA, and Asia-Pacific, the DST Global products complement SS&C’s existing portfolio of technology capabilities and service offerings. The acquisition further solidifies SS&C’s position as the leading
- 02/12/2014
- 02/12/2014
Cloud based collateral management technology provider CloudMargin has hired Christiaan van der Wal as Head of Service Delivery, effective immediately.
Van der Wal joins CloudMargin from Dutch investment manager MN Services in The Hague where he ran Collateral Management and Securities lending. Van der Wal will be based in CloudMargin’s London office reporting to co-founder and COO Stuart McHardy.
Van der Wal says: “I'm thrilled to be joining CloudMargin at this exciting time. The industry has been crying out for genuine innovation to cope with increased volumes, added complexity and regulatory upheaval, it's wonderful to be an integral part
- 02/12/2014
Hedge funds delivered healthy returns in November, with The Lyxor Hedge Fund Index up 1.8% for the month, mainly supported by CTAs and to a lesser extent by Event Driven managers.
In November, CTAs delivered their best month in more than ten years, up 8.2%. This has taken place on the back of the combination of rising equity markets and falling bond yields, an unusual combination since the US recovery is getting firmer (real GDP growth in Q3 was revised up at 3.9% last week). Meanwhile, the appreciation of the USD against the EUR and the JPY along with falling
- 02/12/2014
The International Swaps and Derivatives Association’s (ISDA) Board of Directors has elected Eric Litvack as its new Chairman. The appointment is effective from 1 January, 2015.
Litvack is a Managing Director and Head of Regulatory Strategy for Société Générale’s Global Banking and Investor Solutions business. He has worked at Société Générale for nearly 29 years in a variety of roles, and has served on the ISDA Board since 2006. Litvack was appointed Vice-Chairman of the ISDA Board in 2012.
Litvack succeeds Stephen O’Connor, who has been Chairman of the Board since April 2011 and a Board member since 2008. O’Connor
- 02/12/2014
Deutsche Bank and BayernLB have executed the first trades on Bloomberg to be cleared via EurexOTC Clear for IRS.
The ability to trade and automatically clear EurexOTC Clear for IRS deals makes the execution and processing of these trades significantly easier for Bloomberg users.
Richard Jackson, Head of European Flow Rates Trading, Deutsche Bank explained: “Choice in execution and clearing has been a driving factor for innovation in recent years. The ability to execute OTC derivatives on Bloomberg with STP trade flow to Eurex Clearing is a valuable improvement for the industry”.
Marc Burgheim, Head of FX & Interest Rate
- 02/12/2014
Although Africa still only makes up a small portion of the private equity market, interest is on the rise as a result of a burgeoning middle class and strong growth figures across the continent as a whole. Economic activity within West Africa tends to be dominated by oil-rich Nigeria, but other countries in the region are also showing promising figures. Preqin’s Funds in Market online service currently tracks 29 private equity vehicles that are seeking to raise an aggregate total of nearly USD80bn in capital for investment within West Africa, or as part of a wider geographical focus.
One country
- 01/12/2014
The Annex IV report under AIFMD contains 38 specific questions for the AIFM and over 300 questions for each AIF being passported across the EU. To say that it is a complex beast is an understatement.
“AIFMD regulation is like an onion; the more you peel it back the more you want to cry,” is the candid response of Joseph Henkel, part of the Global Solutions team at SEI’s Investment Manager Services division in Dublin.
As AIFMs gear up to prepare their first filing by 31 January 2015, SEI is urging its clients, both EU and non-EU, to go
- 01/12/2014
MSCI Inc has appointed Laurent Seyer as a Managing Director and Global Head of Client Coverage.
Based in London, Seyer reports to Henry Fernandez, MSCI’s Chairman and Chief Executive Officer, and is a member of the firm’s Executive Committee.
“I am delighted that Laurent has joined MSCI. He brings a wealth of experience in building and managing global client coverage teams,” says Fernandez. “He is also very familiar with the way global investors build and manage their portfolios and bring innovative strategies to market. His appointment further strengthens our senior leadership team and will enable us to develop and expand
- 01/12/2014
Miles Capita has expanded its Alternative Markets Solutions (AMS) services providing a holistic and accessible platform to help insurers allocate to alternative asset classes and strategies.
Miles Capital provides guidance, due diligence, objectives-based asset allocation, industry access, compliance, and practical delivery of alternative assets through a flexible approach. Miles Capital has provided this service to current clients but will now broaden the scope to allow insurers nationwide to take advantage of AMS benefits.
“We are excited to bring AMS to the broader market,” says Gregory Boal, CEO and CIO of Miles Capital. “This is a genuinely different approach to
- 01/12/2014
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