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FundsLibrary, a provider of fund data, related regulatory services and digital solutions, has appointed Paul Poletti-Gadd as Asset Management Solutions Director.
Poletti-Gadd joins from Calastone, a global funds transaction technology business, where he was Director of Data Services. He has extensive experience in the industry having held senior roles at Vistra, Kurtosys, and KNEIP in both London and Luxembourg.
In his new role, Poletti-Gadd will be leading FundLibrary’s dialogue with the industry to help craft the company’s offering to increase efficiency and reduce cost within asset management businesses. In particular, evolving the DataBank solution, leveraging leading edge technology to provide
The size of the alternative investment industry will grow by USD2.5 trillion in the next three years, according to new research from international asset manager Fidante Partners.
The research is the first study not only to aggregate the diverse asset classes that fall under the ‘alternatives’ umbrella, charting their course over the past two decades, but also to project asset growth over the coming three years.
The research’s base case scenario assumes about half of this growth in private equity investments, with growth in infrastructure assets also accelerating. Hedge funds have remained the most popular alternative investment by AUM
Low beta strategies outperformed in the hedge fund space last week. Merger arbitrage, which structurally has a low beta versus equity markets, was the sole strategy in positive territory, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Lyxor writes: “Positive contributors to performance include the Aetna vs CVS deal whose deal spread tightened on the back of media reports suggesting the DoJ may approve the deal within the next few weeks. The DoJ is also reportedly close to approving Cigna’s acquisition of Express Scripts, a significant deal in merger arbitrage portfolios. Then, the Sky vs Comcast
Powernext has been reappointed as the operator of the national registry for guarantees of origin in France for electricity produced from renewable sources or via co-generation.
In addition, the mandate of Powernext has been extended to include the organisation of auctions for guarantees of origin issued for generation facilities benefitting from state subsidies. This appointment, as announced by the Ministry for an Ecological and Solidary Transition via a decree dated 24 August 2018, will enter into force on 1 January 2019 for a period of five years.
As implemented in accordance with the European directive 2009/28/EC, the guarantees of
Neuberger Berman, a private, independent, employee-owned investment manager, has boosted its European fixed income capabilities with the addition of six investment professionals in Paris – five portfolio managers and one quantitative analyst, who all join from BNP Paribas Asset Management.
The team is led by Patrick Barbe (pictured), who has 30 years of investment experience. At BNP Paribas, Barbe was the Chief Investment Officer of Euro Sovereign & Aggregate Fixed Income and responsible for the management of approximately EUR49 billion in AUM. Joining Barbe are portfolio managers Yanick Loirat, Vito Cavaliere, Antonio Serpico, and Sergejs Prala, and quantitative analyst Leang You
Exegy, a provider of managed services and low-latency technology for market data normalisation and distribution, and Transaction Network Services (TNS), a leader in global managed data communications and interoperability solutions, are teaming up to offer a global FX trading platform.
The new offering combines TNS’ excellence in market connectivity and hosting solutions and Exegy’s Trade Port FX which delivers normalised FX market data and execution services to major FX venues as a fully managed and integrated FX trading platform.
“Exegy is excited to be working with TNS to create a global, state-of-the-art FX trading platform,” says Exegy Sales Director
Broadridge Financial Solutions has launched a new solution to support investment firms with their MiFID II ex-post reporting obligations outlined under Article 50 of the Delegated Regulation.
This latest solution is part of a suite of MiFID II services developed by Broadridge’s FundAssist business – a regulatory and distribution solutions provider to the global investments industry. The solution has already created significant market interest, including the signing of a leading international investment firm.
Broadridge’s solution will aggregate and process investor and product data, calculate the personalised cost information and produce the end investor statements. The highly automated, straight through
SALI Fund Services (SALI), a turn-key solution for the creation and administration of Insurance Dedicated Funds (IDFs), has added Karen Halliday and Dilip B Patel to its Board of Directors.
Both highly regarded thought leaders in the alternative investments industry, Halliday and Patel will provide SALI with strategic insights and guidance drawing from their deep experience advising both funds and ultra-high net worth clients.
“We are delighted to welcome Karen and Dilip to SALI’s Board of Directors,” says Tom Nieman, the CEO of SALI. “Their breadth of experience with alternative investments combined with their unique and independent perspectives on
The summer saw the launch of a new investment platform, AtomInvest, which is designed to democratise access to alternative investment funds across private equity, venture capital and hedge funds.
Founder and CEO of AtomInvest Hemal Mehta explains that he has a background in financial services and private equity and had increasingly realised that while these funds have consistently delivered high returns to investors of around 10 to 25 per cent over the last half century, they were pretty much designed for large institutional investors.
“Alternative investments are great manufacturers of returns in up markets and down markets,” he says. “However,
KOGER is now offering a comprehensive end-to-end digital ecosystem for investor services with complete compliance, workflow and document management, and client web portal functionality.
KOGER is primarily known in the industry for NTAS, its flagship transfer agency system that supports USD2 trillion in assets from hedge funds, private equity funds, pension funds, money market funds, mutual funds and retail funds.
According to Ras Sipko, KOGER’s Chief Operating Officer: “Having specialised in providing innovative software solutions to the investment industry for over 20 years, KOGER has acquired tremendous insight into what the industry requires in order to achieve operational excellence:
