Irish start-up, Fund Recs, a developer of cloud-based reconciliation software to global fund administrators to to provide trade processing solutions for Capita Asset Services fund business in Ireland. Fund Recs software will be used to automatically capture trades from Fund
SAM, the alternative asset manager launched by Lord Stanley Fink in 2008, has launched IS Prime, a new foreign exchange brokerage service. IS Prime will only target institutional investors – retail brokers, asset managers, regional banks, hedge funds and family
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
Varonis Systems is to supply Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, with a platform to monitor, manage and capture unstructured data in the Abacus private cloud. Through this new relationship Abacus
Eze Software Group has released a new version of RealTick EMS, its multi-broker, cross-asset electronic execution platform. Version 11.3 provides enhanced execution management workflow and new trade performance capabilities. RealTick EMS 11.3 delivers an advanced feature set that enables
US futures exchange volumes increased sharply in September 2014, bringing year-to-date volume to 2.3 billion contracts, according to TABB Group. However, the year-to-date total is 2.5 per cent lower than the same period a year earlier. During Q3 2014,
Wednesday’s outage at the Singapore Exchange (SGX), which disrupted trading activity for several hours, was caused by a malfunction in the uninterruptible power supply (UPS) systems deployed at the SGX data centre. Power is supplied to the data centre from
BNY Mellon has been appointed trustee and portfolio administrator for Avoca CLO XII Limited, a EUR415 million collateralised loan obligation (CLO) launched by KKR. BNY Mellon will also act as account bank, custodian, registrar and paying agent for the CLO.
ConvergEx Group, a provider of global brokerage and trading-related services, has launched a service to help hedge funds and mutual fund companies manage liquid alternatives. Liquid alternatives are investment products that feature an alternative strategy that has been packaged into
Just 18 months after starting development work, Clearstream and Standard Chartered Bank have now implemented a collateral management service for Singapore. From 17 November onwards, mutual customers will be able to consolidate their assets held across both institutions into one
