British hedge fund manager Man Group is to acquire Numeric Holdings, a privately-owned, Boston-based quantitative equity manager with USD14.7 billion of funds under management as at 31 May 2014. Man will pay USD219 million in cash to acquire Numeric, with
Societe Generale Securities Services (SGSS) has launched ManCo by SGSS, a management company solution to assist asset managers seeking access to the European market to set up and market UCITS. 
 In July 2011 the UCITS IV Directive established a
Banque SYZ & CO has opened a representative office in Dubai aimed at a clientele of institutional and private investors in the Gulf Cooperation Council States (GCC). It will operate within the framework of the Dubai International Financial Centre (DIFC).
The Corporate Governance Code set up by the Gibraltar Funds & Investments Association (GFIA) has been adopted into the regulatory process adopted by the Financial Services Commission (FSC). Joanne Beiso, head of the funds division at the FSC, says: “The
On 2 June 2014 the IRS published its first list of FATCA-compliant institutions in what represents the first significant sign of FATCA regulation gathering pace. The cut-off date for hedge fund managers to get on this list was 5
BNY Mellon has launched MyOnCore, an online portal that offers transparency and oversight to investment managers who have outsourced their middle-office operations. Many investment managers who have entered outsourced agreements are now re-evaluating how their operations teams can best address
Gazprombank Asset Management has appointed Igor Kan to the position of vice-president and head of structured products portfolio management and trading. Aylin Suntay, first vice-president of Gazprombank and CEO of Gazprombank Asset Management, says: “We are very glad to welcome
TOM Smart Execution is now connected to BATS Chi-X Europe, adding another trading venue to the Smart Order Router (SOR). With the new connection, TOM Smart Execution now compares more available prices across different pan-European exchanges. Willem Meijer, chief
State Street Corporation announced this week that it was expanding its relationship with EARNEST Partners to provide a full suite of servicing solutions for the firm’s new UCITS funds. EARNEST Partners, which currently advises on more than USD20bn in assets
Bitcoin analytics and security firm Elliptic and bitcoin derivatives exchange Crypto Facilities have launched a settlement and clearing mechanism that separates bitcoin custody from all other exchange functions. Crypto Facilities’ client accounts are now hosted in Elliptic’s secure, KPMG-accredited vaults and are fully
