Markit and Compliance Technologies International (CTI) have launched the FATCA Service Bureau, a new service designed to help financial institutions comply with the Foreign Account Tax Compliance Act (FATCA). The FATCA Service Bureau unites the capabilities of Markit Counterparty Manager
MUFG Investor Services (MUFG), the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Oliver Scully as Head of EMEA Sales and David Sarfas as Global Head of Private Equity. They will be based in London and report
The Securities Information Processors’ (SIPs) Operating Committee has added three new members to its Advisory Committee. The new members are Chris Nielsen, Managing Director, Charles Schwab & Co, W Todd Watkins, Director, E*TRADE Financial Corporation, and Matt Billings, Managing Director, TD
The Securities and Exchange Commission’s asset management unit has been investigating whether hedge fund managers have overvalued assets in “side pockets” and then charged investors higher fees based on those inflated values. A side pocket is a type of account
UCITS hedge funds are typically more volatile and underperform their non-UCITS hedge fund rivals, according to a comparative study by the Edhec-Risk Institute. The findings also show that the domicile of a fund is an important indicator of a
Scope has published a new rating methodology for evaluating the quality and competence of individual investment teams within asset management companies. The methodology is applied to investment teams which predominantly invest in liquid, traditional instruments such as shares and bonds,
Morgan Stanley has cleared over-the-counter interest rate swap transactions for clients of the firm at the Chicago Mercantile Exchange. Trades were cleared on the first day of operation of the CME Clearing service for interest rate swaps. This follows the
The Depository Trust & Clearing Corporation (DTCC) is to open a new office in Dublin, Ireland, to continue providing an authorised regulatory reporting service for clients in the EU27 and the UK post-Brexit. DTCC offers a Global Trade Repository (GTR)
French giant asset management firm, Amundi, has announced the launch of a new UCITS fund to be managed by Amundi Alter
The first mobile-focused personal wealth manager exclusively for crypto assets, B21, has announced a partnership with Salus Alpha, a licensed and regulated investment provider for retail and institutional clients. Through this partnership, B21 will list Salus Alpha’s Smarter than Crypto
