The Securities and Exchange Commission has approved a new rule to define “family offices” that are to be excluded from the Investment Advisers Act of 1940. The rulemaking stems from the Dodd-Frank Wall Street Reform and Consumer Protection Act. “Family
The lines between institutional asset managers and alternative investors are becoming increasingly blurred due to investment strategies, priorities and goals becoming aligned, according to Martin Boyd, president of SunGard’s asset management business. “The relocation of assets to either alternative or
William Hill, Head of Property (pictured) and Mark Callender, Head of Property Research, at Schroder Property Investment Management Limited, predict that the recent turnaround in the performance of UK commercial property will continue through the first six months of 2010,
Envestnet, a provider of technology-enabled wealth management solutions for investment advisers, has formed a hedge fund research alliance with Fund Evaluation Group (FEG), an institutional investment consulting firm. The alliance complements the research on separate account managers, mutual funds, ETFs
Pershing LLC, a BNY Mellon company, has added Altegris, Invesco and TIAA-CREF funds to FundVest, its no-transaction fee mutual fund platform. It also expanded access to the current Invesco fund offering, including the legacy Van Kampen product line, which more
Butterfield Fulcrum, a leading fund administration company, is to increase its workforce in Dublin city centre to 100 people. The investment is supported by the Irish Government with the aid of IDA Ireland. Butterfield Fulcrum initially established an operation in
Pershing LLC’s prime brokerage division received the Best Prime Broker Award at the inaugural US Hedgeweek Awards ceremony in New York. The winners of this year’s awards were determined by votes cast by Hedgeweek subscribers; which includes institutional investors,
Gross exposures remain well below historical levels among funds of hedge funds, according to Standard & Poor’s latest update on the sector. “Many funds of hedge funds are still dealing with liquidity issues beyond the recovery in equity
Rothstein Kass has been named Best Accounting Firm in the first-ever Hedgeweek USA Awards at a ceremony on June 16, 2011. Hedgeweek, a Global Fund Media publication, hosted the event, honouring top-performing hedge fund managers and service providers in the
Advent Software, a provider of software and services for the global investment management industry, has further expanded into the Asia Pacific region with the opening of an office in Beijing. Staffed with more than 50 employees, the Beijing office is
