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North American wealth management firms can now benefit from a strategic partnership between Refinitiv and Nomura Research Institute (NRI) announced in 2018.
The partnership enables global diversification for Refinitiv’s retail and institutional clients by including automated international post-trade processing for multi-market and multi-currency securities.
The successful go-live of the software integration of NRI’s I-STAR/GX software platform into Refinitiv’s BETA wealth management brokerage processing platform will benefit wealth management firms by providing automated settlement and straight-through processing of trades executed across all markets. I-STAR/GX allows these processes through a high-volume solution with single-stock record across all asset classes and markets,
GP Bullhound has invested USD10 million in RavenPack, a provider of alternative data and insights for financial institutions.
The company’s database, comprising over 19,000 sources spanning over 20 years, is used by financial institutions who subscribe to the platform in order to enhance performance and manage risk. RavenPack will use the proceeds to expand in Asia, as well as to go into other sectors beyond financial services.
RavenPack’s platform is used by some of the best performing hedge funds and largest banks worldwide. RavenPack uses AI to turn highly fragmented unstructured content into organised structured data for easier analysis
SmartStream Technologies has completed a proof of concept for an artificial intelligence (AI) and machine learning module within its existing TLM Cash and Liquidity Management solution for receipts and payments.
Technology that meets the market demand for forecasting liquidity has been the backbone of SmartStream’s intraday liquidity management solution. The next phase of the solution’s development is about predicting the settlement of cash-flows. SmartStream has been working on a proof of concept with its clients for profiling and predicted intraday settlement activity, which includes missed payments and receipts identification planned for settlement within current date. Cash management teams will gain
FE fundinfo, a new global fund data services has launched following a merger last year between FE, fundinfo and F2C.
The re-branded company will facilitate more efficient investing across the globe by connecting fund managers and fund distributors and enabling them to share and act on trusted, insightful information. It will bring together all of FE’s, fundinfo’s and F2C’s many years of investment expertise, technology, software and services into a combined and holistic fund data and technology provider.
With roots stretching back to 1996, FE fundinfo has offices in the UK, Switzerland, Luxembourg, India, Czech Republic, Singapore, Australia, Hong
RWC Partners has launched the RWC Diversified Return Fund after the hiring of the senior members of multi-strategy specialists Agilis Investment Management LLP.
The Diversified Returns Team led by Clark Fenton, along with colleagues Charles Crowson and Praveen Kanakamedala, has a distinct investment approach which aims to harness the best elements of alternative investment management whilst reducing cost and providing frequent liquidity.
The RWC Diversified Return Fund is anchored around the credit cycle and has the remit to invest in non-conventional structures to capture idiosyncratic returns across the full market cycle, exploiting opportunities in periods of market dislocation.
Pardigm Governance Partners Limited (Paradigm Governance), an independent provider of director services, distressed fund and value recovery services and outsourced accounting services, has hired fund professional Jessica Lopez to its fiduciary team.
Lopez joins Paradigm from KPMG Cayman Islands where she worked as an Assistant Accountant with the insurance and enterprise audit practice. Prior to her work at KPMG, Lopez worked for Greenlight Re, a NASDAQ listed company who provides risk management product to the insurance and reinsurance marketplace.
Geoff Ruddick, Partner at Paradigm Governance Partners, says: “We are pleased that our service model and approach to corporate governance
IQ-EQ, an investor services group, has appointed Tedrick Green as Client Director to support its growing offering in Cayman.
Cayman is widely recognised as a leading funds domicile, which now houses nearly half of the alternative fund industry’s estimated assets under management. As the regulatory environment in the Cayman Islands develops and compliance requirements evolve, access to on-the-ground expertise in this jurisdiction has become increasingly important.
Working alongside IQ-EQ Cayman’s Country Delivery Director, Selma Lee Arch, Tedrick’s appointment will not only meet the growing demand for regional expertise but strengthen the senior management team as the office continues to grow
Schwab Advisor Services has laucnhed the Schwab Alternative Investment Marketplace platform, which gives Schwab’s independent advisor clients access to third-party platform sponsors that offer menus of private funds.
The new platform delivers a number of benefits for independent advisors, including removal of custodial fees, streamlined capital call processing, and access to third-party alternative investment funds.
“We continually listen to what advisors tell us they need, and based on their feedback, we’re pleased to provide access for their clients to a growing list of alternative investment funds,” says Jalina Kerr, senior vice president, Client Experience, Schwab Advisor Services. “By working
LiquidX, a global network for illiquid assets, has reported that trading volume has surpassed USD23 billion since the company’s inception and that September revenues were up 162 per cent year-over-year.
The network also continued to expand – the number of credits traded over the platform reaching over 200 since inception and 117 in Q3 alone, an increase of 120 per cent year-over-year.
“The power of our network continues to increase, with the addition of new clients, new credits traded, and new products launched,” says Jim Toffey, CEO at LiquidX. “We are very pleased with our growth this year and
Schwab Advisor Services is to provide shareholder servicing for funds serviced by iCapital Network.
iCapital will be the first platform provider on the Schwab’s new Alternative Investment Marketplace platform. The agreement will create end-to-end, automated alternative investing processes for advisors who use the Schwab platform.
iCapital’s technology allows advisors and their high-net-worth clients to access, review and invest in alternative investments such as private equity and hedge funds at lower minimums than traditionally required. Under the new management, advisors will be able to view iCapital’s alternative funds on the Schwab Alternative Investment Marketplace platform and manage iCapital investments within
