BNY Mellon has been chosen by Goldman Sachs International to provide a segregated sub-custody service to its prime brokerage clients through Montague Place Custody Services. Through the service, MPCS will use BNY Mellon to hold and safekeep their clients’ assets
dms Management Ltd (DMS), a fund governance firm serving the hedge fund industry, has opened a New York office, dms Management (USA) Inc, at 1230 Avenue of the Americas, 7th Floor, Rockefeller Center. The New York office is headed by
ClearBridge Energy MLP Fund has raised approximately USD1.268bn in its common stock offering, assuming full exercise of the underwriters’ overallotment option. Its shares have begun trading today on the New York Stock Exchange under the symbol CEM. The fund’s investment
By Simon Gray – Malta’s efforts to put itself on the map as a fund domicile and servicing centre within the European Union have been an undoubted success. Although fund numbers and aggregate assets are still low by comparison with
Activity in UK financial services grew in the last three months at the fastest rate since September 2007. But this growth was much lower than expected and firms still consider levels of business to be well below normal, the latest
By Anthony O’Driscoll – Apex Fund Services opened in Malta in June 2008 and the business has grown in tandem with the development of the jurisdiction as a European fund services hub. Malta’s attractiveness to international asset managers has increased
GlobeOp Financial Services has launched the GlobeOp NAV Transparency Report to help fund managers provide investors with greater visibility into the monthly calculation of a portfolio’s net asset value. The report independently confirms pricing sources, position reconciliations, fund assets and
George Osborne, the youngest Chancellor of the UK Exchequer in over a century, has had to produce a budget in some of the toughest times in recent years. Kinetic Partners outlines the key headlines from the budget, including an
The Securities and Exchange Commission has approved conditional exemptions that will allow the Chicago Mercantile Exchange to operate as a central counterparty for clearing credit defau
Teresa Owusu-Adjei, asset management tax leader, PricewaterhouseCoopers LLP, comments on the proposed bank levy, and on the Government’s proposals for consultation on issues impacting the competitiveness of the UK in the asset management sector. We are concerned that one of
