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Private markets general partners have continued to adopt third-party fund administration at a rapid rate, which aligns with the overall rising interest in this asset class among institutional investors, according to the 2019 eVestment Alternative Fund Administration Survey.
The median respondent grew real assets under administration by +20.64 per cent year-over-year and private equity and debt AUA by +11.35 per cent, according to the survey.
Institutional investors have increasingly turned to alternatives as a means of improving performance and diversifying their portfolios. Fund administrators have stepped in as partners to asset managers as the subsequent demand for institutional quality
Gibraltar is in a unique position for funds, despite the potential impacts of Brexit, according to a recent expert panel discussion entitled ‘Crypto Funds: The Gibraltar Solution’ moderated by a partner in Gibraltar law firm ISOLAS LLP, Jonathan Garcia.
The panel was hosted by the Gibraltar Funds and Investment Association (GFIA) at the Traveller’s Club in London on 12 of June.
In addition to Garcia, who has recently been re-elected to the Executive Committee of the GFIA, as moderator, panellists included Jay Gomez and James Lasry, who sit with Jonathan as members of the GFIA executive; Pavel Stehno, Investor, Entrepreneur and founder of
SANNE, a global provider of alternative asset and corporate administration services has obtained a new bookkeeping licence in China expanding its existing product offering in the country.
SANNE can now offer bookkeeping, accounting and tax preparation services for Chinese registered entities.
Jing Jing Qian (pictured), Managing Director, Asia-Pacific says: “We are delighted to have obtained this new licence. It underlines SANNE’s trusted reputation as a global leader in providing fund accounting and corporate administration services and aligns with our expansion plans as we double our head count in China, strengthening SANNE’s commitment to the Chinese market.”
Mark Law Chief Commercial
Apex Group (Apex), has successfully closed the acquisition of the Corporate and Private Client Services (CPCS) and Throgmorton businesses of Link Group’s Asset Services division.
The acquisitions add over 600 employees and 6,000 clients to the Apex Group, across multiple markets, and bolsters Apex’s corporate services capabilities adding specialist hubs in the UK, Jersey, Ireland, Luxembourg, the Netherlands, Hungary and Switzerland.
Over the past eighteen months, Apex has continued to expand its capabilities to meet client demand successfully executing a programme of strategic acquisitions to deliver on its ambition to offer a unique end-to-end solution for global asset managers
Innovation in the funds industry tends to be an overused buzzword. This is understandable, given that innovation touches all aspects of our daily lives, from the way we measure our health and fitness to the way we travel and work. There is a natural tendency, therefore, for companies to say that they are constantly innovating as if, by not doing so, they risk being seen as obsolete.
Thirteen years ago, Opus Fund Services was borne out of the need to introduce true innovation in response to the over-reliance on inefficient, manual-driven processes that prevailed in incumbent fund administration groups. The
When SS&C Eze developed the Eze Eclipse platform, the technology group had one eye firmly focused on start-up and emerging hedge funds, many of which face significant cost challenges in today’s marketplace.
By building the platform from the ground up in the cloud, SS&C Eze is able to offer managers a single, front- to back-office solution that supports them in their daily workflow, wherever they are in the world, without having to outlay any infrastructure costs.
“We aim to solve that entire problem with one platform that has been designed from the ground up to integrate everything together so that there
Security concerns will always occupy the thoughts of any hedge fund COO, given the extent to which the cyber threat landscape has evolved in recent times. This can present a challenge when determining how much IT budget should be allocated to keep a hedge fund’s data safe and secure. However, advances in cloud technology mean that a more cost-efficient, robust solution now exists for COOs and CTOs to consider.
Given that cloud-enabled hosted solutions are becoming more popular, this is leading not only to cost savings in relation to ongoing software upgrades but also improved security controls as well. At SS&C
The ability to properly scale and build AUM for long-term success should be top of mind for any hedge fund manager. Luckily, thanks to incredible advances in technology over recent years – particularly in relation to cloud-based platforms – efficient scaling, without losing control, is eminently achievable.
Moreover, by partnering with institutional-quality technology providers, managers are able to improve their entire data management process through greater automation. In turn, this ensures that the front through the back-office works off of the same, consistent data sets; a key requirement as firms seek to use a wider range of data vendors.
John
One of the key benefits of the platform-as-a-service model is that it gives smaller and emerging hedge funds the chance to utilise industrial-strength technology tools and applications that are commonly afforded to only the industry’s largest management groups.
Data processing power has helped to transform the financial industry, thanks to the rise of GPU-powered applications; GPUs are Graphics Processing Units, commonly used by video game developers. Today, not only hedge fund managers but all asset managers, are looking for ways to deploy next generation technologies to improve the way they absorb and process vast data sets. The aim being to improve data management, liquidity management, cost of execution, margin management. The list goes on.
Ultimately, technology advances have pushed fund management into a new data-rich realm.
And in some ways, this is unsurprising given that we experience a
