Latest News
Demand for hedge funds crept upwards in May, according to the Barclay Fund Flow Indicator, as equity markets rebounded and the US economy improved. Industry assets remained at an all-time high of USD3.0 trillion.
Data drawn from more than 5,000 hedge funds in the BarclayHedge database estimated that the hedge fund industry (excluding CTAs) took in USD4.0 billion (0.1 per cent of assets) in May, reversing USD1.9 billion in redemptions the month before. Industry assets climbed 3.5 per cent year-to-date and surged 17.6 per cent over the trailing 12 months, according to the Barclay Fund Flow Indicator, a monthly big-picture
MUFG Investor Services (MUFG), the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Oliver Scully as Head of EMEA Sales and David Sarfas as Global Head of Private Equity.
They will be based in London and report to Mike McCabe, Managing Director, Global Head of Business Development, and John Sergides, Deputy Chief Executive Officer, respectively.
Scully will be responsible for driving the growth of MUFG’s asset servicing solutions across private equity and real estate, as well as hedge funds and fund of funds, in the EMEA region to fully meet clients’ evolving needs. These solutions include
The London Metal Exchange (LME) has introduced implied pricing for base metals on its electronic trading platform, LMEselect, as part of its Strategic Pathway commitment to deliver greater user choice and market participation.
Many existing users of the LME market (and, in particular, fundamental financial investors) seek exposure to monthly (or “third Wednesday”) prompt dates. These users are already well-served by the deep monthly liquidity available from LME members in the telephone market or through members’ proprietary electronic platforms, and the LME expects this to remain the primary channel for the execution of larger monthly orders. However, in the context
The Gemini Companies (Gemini) has been singked out for its unique ‘complete offer’ in the 2018 Global Custodian Mutual Fund Administration Survey, which surveys fund administration clients to determine a ranking [on a scale of 1 (very weak) to 7 (excellent)] for each participant organisation.
The report also recognised Gemini for improving service levels across all categories, posting scores above 6 in Relationship Management and Client Service, Value Delivered, Fund Accounting, Transfer Agency, Distribution Support, Reporting, Compliance, and Operations and Custody.
“We are pleased that Global Custodian and our supportive client base sees our business investments and continual efforts to
KOGER has enhanced its workflow management software to provide the fund services sector with ‘complete functionality for document, business process and client contact management’.
KOGER says the workflow platform now offers process control and efficiency with full operational transparency, and facilitates participation in each process by fund customers and investors.
“We believe we have delivered a digital workflow platform for the fund services and asset management industry that delivers unparalleled reciprocal value. Our workflow solution connects all elements of service delivery and creates a seamless customer experience,” says Ras Sipko (pictured), KOGER Chief Operating Officer. “The automation offered by
Stockholm IT Ventures, a Swedish technology company specialising in energy crypto currency mining, has secured a EUR2 million investment in its Bytemine token (BYTM) from Pecunio’s VC Fund.
Pecunio, a fintech company in the United Arab Emirates, has also offered to purchase the remaining allocation of Bytemine tokens (up to EUR 1 million) by the end of the sale.
“We are extremely excited to have Pecunio on board as an institutional investor,” says Phillip Nunn, Managing Director of the Crypto Division for Stockholm IT Ventures. “Being recognised and added to Pecunio’s exclusive portfolio represents a great testament to our
Liontrust has chosen BNY Mellon to provide a raft of outsourced fund services for its UK and Ireland fund ranges, including depositary, fund accounting, global custody, global risk solutions, middle office and transfer agency.
Ancillary services will cover securities lending, FX and cash management.
Daron Pearce (pictured), CEO, BNY Mellon EMEA Asset Servicing, says: “Liontrust has grown rapidly over the past eight years to reach GBP11.3 billion in AUM today by building its product offering and developing its distribution capability in the UK and internationally. This has created a great platform for future expansion and we are delighted to have
Managed Funds Association today announced that after ten years of service as the Managed Future Association’s (MFA) General Counsel, Stuart Kaswell is to step down later this summer.
Working with MFA Members and staff, Kaswell has helped shape the US and EU legal frameworks that govern the alternative investment industry today.
“The past ten years brought about sweeping change for our industry – including new regulations, greater transparency, and improved risk management. Getting here required a deep understanding of financial services law, credibility with policymakers, long hours, and the patience of Job. Enter Stuart Kaswell,” says MFA President and
McKay Brothers International (MBI) has reduced latency on the select London Metal Exchange (LME) data it redistributes via the wireless Quincy Extreme Data (QED) service.
The reduction reflects MBI’s adoption of the new LMEsource multicast feed and the deployment of FPGA feed handlers. The median improvement from these changes is 400 microseconds, and is expected to be considerably larger during bursts.
“We are pleased to offer this latency improvement to QED’s subscribers of LME market data,” says MBI Managing Director Francois Tyc (pictured). “The LMEsource feed, combined with QED’s industry-leading latency, results in a compelling service for traders of
XTRD, a technology company building infrastructure for institutional investors to enter into cryptocurrency, has appointed Steven Nerayoff, one of the original creators of the framework for Initial Token Offerings (ICOs), as a strategic advisor.
Nerayoff will advise XTRD as the company begins to roll out their product and onboard institutional clients for the initial trials of its complete trading platform.
“Steve is legend in the world of blockchain and cryptocurrency and to have him onboard with us as we begin to onboard major strategic partners is incredible and truly an honour,” says Alexander Kravets (pictured), CEO of XTRD. “His
