State Street is expanding its global fund administration and alternative servicing capabilities with an agreement to acquire Mourant International Finance Administration in a cash transaction. Pending regulatory approvals and other closing conditions, the transaction is expected to close in the
As institutional investors increasingly look for sources of alpha outside of traditional asset classes, the benefits of alternative investments are coming to the fore, according to BlackRock. Interest rates are currently low but investors are concerned about the potential for
Parus Capital, a Moscow-based investment manager, has selected LaCrosse Global Fund Services’ LaCrosseAdmin+ and LaCrosseMBO+ offerings for daily fund administration and a post-trade outsourcing solution. Launched in October 2009, the Parus Capital Opportunity Fund is an open-end investment fund incorporated
A team from Guernsey is hosting a seminar next month to show a select London audience the attractions of relocating to the Island. Representatives from Butterfield Bank, KPMG Channel Islands and Guernsey estate agents Swoffers are holding the event to
NYSE Euronext has completed its acquisition of Nyfix, a provider of solutions that optimise trading efficiency, in an all-cash deal for approximately USD144m, or USD1.675 per common share without interest plus preferred stock consideration. The acquisition, which was made through
Institutional investors are turning to smart beta indexes for their investment utility, helping to achieve broader portfolio objectives such as risk reduction and return enhancement more than basic cost savings. That’s according to a new survey from Russell Investments, which
Structured investment specialist Blue Sky Asset Management has launched two growth plans offering core holding and tactical investment strategies. The plans are designed to offer investors solid investment returns potential, without the need for the underlying equity markets to rise
Daiwa Securities Global Asset Services Ireland has been appointed by Belay Partners London, to provide administration services to its new Cayman domiciled hedge fund, The Belay Master Fund, which is due to launch on the 1 December 2009. The fund
Wells Fargo’s hedge fund administration and middle-office service provider, LaCrosse Global Fund Services, has been re-branded as Wells Fargo Global Fund Services. The newly-named firm will continue to provide a complete service offering to the hedge fund administration market including
Strong performance in the last week of March, coupled with an adjustment to the GLG acquisition balance sheet, helped Man Group record statutory profit before tax from continuing operations of USD324 million (2010: USD541 million) for the year ended 31
