Latest News
Independent depositary firm INDOS Financial is now offering a new ESG oversight service, which will be led by Matthew Queree, the company’s newly-appointed Head of ESG Oversight.
INDOS Financial, now has USD28 billion of assets under its oversight, plus a further USD16 billion over which the 32-strong firm performs money laundering reporting officer functions.
CEO Bill Prew (pictured) explains his role as an independent depositary, as one where his firm is free of conflicts with other service providers of a fund and provides valuable oversight over fund operations.
The idea of offering an ESG service has come from INDOS’s
RBC Investor & Treasury Services, part of Royal Bank of Canada (RY on TSX and NYSE), has been appointed to provide core custody, fund administration, registry and risk and investment analytic services for Warakirri Asset Management.
Melbourne-based Warakirri Asset Management (Warakirri) offers specialist investment for charities, global and domestic pension funds as well as individual investors across Australian and international equities, Australian agriculture, currency management and US real estate.
Jim McKay, Warakirri Managing Director, says: “We were impressed with RBC’s technology platform and strong commitment to the ongoing development of their IT and service platform. This aligns with Warakirri’s
The Growth Stage has launched what it says is the world’s first funding platform for private growth companies to raise investment capital from regulated institutional investors.
The company has signed up investors with over USD4 trillion of assets under management, from pension funds, retail funds and hedge funds through to sovereign wealth funds and family offices.
Headquartered in London, The Growth Stage has been designed exclusively to marry the increasing demand from institutional investors around the world, to invest in high growth, scale-up companies, and for those companies to seek alternative sources of capital.
Directly challenging the traditional
Opus Fund Services has been named Best North American Fund Administrator award for the 4th consecutive year at the 2018 Hedgeweek USA Awards which took place on 2o September at the Intercontinental Hotel in Midtown Manhattan.
John Ruszkowski and Nick Breault from the Opus Sales staff were on hand to accept the award.
Opus SVP, Head of Sales Jorge Hendrickson, says: “Being named Best North American Hedge Fund Administrator by Hedgeweek for a fourth consecutive year is a great achievement for our firm. It highlights the hard work and dedication put in by every Opus team member to be the best
Business information provider IHS Markit has launched new onshore Chinese bond market indices in alliance with ChinaBond Pricing Center Co (CBPC), a subsidiary of China Central Depository and Clearing Co (CCDC), a pricing provider for the world’s third largest fixed income market.
The new iBoxx ChinaBond indices are the first international, independent fixed income benchmarks using CBPC pricing data, the gold standard in Chinese domestic bond valuations. As the administrator of the indices, IHS Markit will apply its globally-recognised methodologies and maintain them in compliance with IOSCO and European Benchmark Regulation (BMR) standards.
“Partnering with CBPC allows us to
Man Group has reported funds under management (FUM) of USD114.1 billion at 30 September 2018, a slight increase on the USD113.7 billion under management at 30 June 2018.
Net inflows in the quarter totalled USD0.4 billion, notwithstanding the previously announced USD2.2 billion infrastructure mandate redemption. The company saw a positive investment movement of USD0.9 billion in the quarter, but negative FX movements of USD0.7 billion over the same period, plus other negative movements of USD0.2 billion.
Markel Corporation (Markel) meanwhile, has entered into a definitive agreement to acquire Nephila Holdings Limited (Nephila), with the sale of Man Group’s 18.5
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.13 per cent in September, outperforming the -0.69 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Despite continued geopolitical risks and trade disputes, equity and credit markets rallied in the third quarter. Economic fundamentals remained solid, particularly in US markets, which
Demand Derivatives Corp, a creator of derivative instruments, is partnering with GMEX Group (GMEX), a provider of exchange and post-trade business technology solutions, to launch a US-regulated futures exchange, RealDemand Board of Trade (RealBOT), and clearing house, RealDemand Clearing (RealClear).
To further align interests and share in the success of the project, GMEX will take a minority equity stake in Demand Derivatives.
Slated to open in 2019, subject to CFTC and SEC approval, RealBOT and RealClear will create unique and complete solutions to problems currently affecting the futures industry. Specifically, the exchange’s products will seek to eliminate systemic risk,
Trium Capital, a London-based alternative investment specialist, has hired former Eclectica Asset Management portfolio manager, Thomas Roderick.
Roderick has joined Trium to manage an emerging markets-focussed discretionary macro portfolio.
Working alongside Eclectica founder Hugh Hendry for five years, Roderick managed a global macro portfolio at the group, with a particular focus on global FX, fixed income and equity markets. Prior to this, Roderick held a number of positions at Brevan Howard.
Shenan Dhanani, co-head of Trium Capital, says: “At Trium we have cultivated a truly collaborative environment for portfolio managers, allowing managers to manage strategies that have demonstrated
Broadridge Financial Solutions has appointed Tom Carey as President of its Global Technology and Operations (GTO) segment.
Previously President of Broadridge International, Carey reports directly to Tim Gokey, who will become CEO of Broadridge in January 2019. As President of GTO, Carey will oversee the growth of Broadridge’s core technology business globally across Capital Markets and Wealth and Investment Management. He will continue to serve on Broadridge’s Executive Committee.
“Tom is an incredibly capable, technology-focussed industry executive,” says Gokey. “Tom has driven the growth of our Global Capital Markets business and, more recently, our overall International portfolio. We see
