Fifty three percent of asset managers are not confident that the investment performance figures they report are completely accurate, according to a new survey by SimCorp. A total of 88 asset managers representing USD22.5 trillion in assets under management participated
In an effort to narrow the gap between dynamically managed, multi-asset institutional portfolios and the current set of static, single asset class or balanced retail fund offerings that combine just equities and bonds, asset managers are increasingly likely to bundle
A significant majority of high net worth and institutional investors plan to increase their allocation to alternative funds in 2015, according to a survey conducted by Altegris Advisors. Findings of the Altegris Investor Survey, conducted at the Strategic Investment Conference,
PineBridge Investments has released its annual Investment Outlook Mid-Year Update – “The Global Economy Slowly Inches Upward," which finds that the global economy remains on a recovery trend, but the path continues to be more uneven than expected at the
The T+2 Industry Steering Committee (T+2 ISC) has released a white paper outlining the timeline and activities required to move to a two-day settlement cycle (T+2) in the US by the end of Q3 2017. The T+2 ISC, organised by
Over the last 15 years the fund administration industry has been dominated by the big banking behemoths at one end of the scale and small niche players at the other. Gradually, some of those smaller entities have been consumed. Yet
Focusing on bank-owned administrators, nobody knows the precise reasons as to why investment banks have been vacating the hedge fund administration space other than the banks themselves. One possible explanation is that the integrated model they have been running for
In a report published by eVestment last March (Alternative Fund Administrator Survey 2014), 95 per cent of respondents answered `yes' when asked if mergers and acquisitions were expected to play a role in the hedge fund administration over the next
U.S. Bancorp Fund Services LLC (USBFS) is finalising two significant integrations: AIS Fund Administration, which it acquired in 2012; and Dublin-based Quintillion Ltd, acquired in 2013. The two transactions combined added approximately USD43 billion in AuA to their existing business
By Chris Kundro, Senior Vice President, Head of Wells Fargo Global Fund Services – There should be little surprise regarding the on-going trend of bank-owned hedge fund administration businesses being sold or put up for sale. There should be even
