Standard & Poor’s Ratings Services said today that the ratings and outlook on UK-based hedge fund manager Man Group PLC were unaffected by the 8.5% decline in assets under management (AUM) during the quarter ended 30 September, 2011. Man’s preclose
Quintillion has been chosen to provide administration services to the Da Vinci CIS Opportunities Fund. The Cayman based hedge fund, which is managed by Guernsey domiciled Da Vinci Capital Management Ltd, invests in listed securities focusing on Russia and the
Vistra announced has been selected to provide fund administration services for the innovative Privium Selection Fund platform (SCA SICAV-SIF) via its specialist fund services division operating out of Luxembourg. The Privium Selection Fund will be managed by Privium Fund Management
JP Morgan has been selected by investment management firm AQR Capital Management, LLC (AQR), adviser to the AQR Funds, to provide prime custody and fund administration to its newly launched mutual fund – the AQR Multi-Strategy Alternative Fund. As described by
Former Carbon360 Director of Research, Daniel Golyanov, has launched Vela Advisers, a New York-based consulting and advisory firm targeting both managers and administrators with comprehensive range of services. Vela’s offering features a suite of services for alternative fund managers and
No hedge fund firm today should be designated a “systemically important financial institution” by regulatory authorities, according to the Alternative Investment Management Association (AIMA), the global hedge fund association. As the Financial Stability Oversight Council considers and is expected to
Butterfield Fulcrum has established a presence on the West Coast to be led by Brian Young. Based in the Pacific Northwest, Young, a Director of Business Development, will be responsible for promoting Butterfield Fulcrum’s fund administration services to investment managers
BNY Mellon Asset Servicing, the global leader in investment servicing, has been appointed by Barclays Wealth Funds Limited to provide transfer agency and fund accounting services to UK-domiciled assets valued at GBP4bn (USD6.4 million). The new mandate builds on
PrimeOne Solutions, a division of CoreOne Technologies, offering a full-service, global prime brokerage platform, has hired five senior executives to its management team. The new additions include Brad Klaas, named Global Head of Business Development and Alistair Martin, Deputy Head
Pershing LLC, a BNY Mellon company, has added more than 20 new providers to its ValueAlliance program. ValueAlliance offers Pershing’s introducing broker-dealer, independent registered investment advisor (RIA) and hedge fund customers preferred pricing and access to solutions from a network
