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Luxembourg-based Fiducenter has selected Pacific Fund Systems’ PFS-PAXUS fund administration software.
Fiducenter has a 35-year track-record of delivering a complete range of Corporate Services, Investment Fund Services and Asset Management Services to clients.
PFS-PAXUS offers a complete back-office fund accounting, portfolio valuation, fund pricing and transfer agency administrative solution on a single, fully integrated system that satisfies the needs of the most sophisticated fund administrators.
PFS-PAXUS will assist Fiducenter with their fund operations by providing core fund accounting and administration functionality designed to meet the requirements of the fund services offered, by supporting the administration of all manner of open
Commcise, a provider of integrated commission management, research evaluation and reporting solutions for investment management firms, has appointed Melissa Umans (pictured) as Director of Business Development in the firm’s New York Office.
In this newly created role, Umans will focus on growing existing relationships and expanding the Commcise presence in the US.
Having previously worked at IHS Markit and Goldman Sachs, Umans brings significant expertise in Research Payment Account management, Commission Sharing Agreement aggregation, interaction management and broker evaluations.
Umans says: “I’m extremely pleased to join a team of highly skilled and talented individuals who understand the industry and how recent
Seven out of 10 (71 per cent) institutional investors anticipate a global equity market correction of more than 10 per cent within 18 months, including nearly half (47 per cent) who expect it to happen within a year, according to new research by Managing Partners Group (MPG).
Only 12 per cent expect no correction at all.
Around a third (32 per cent) of those who anticipate a correction expect it will be up to 30 per cent. Over a third (36 per cent) expect a drop of between 10 per cent and 15 per cent and nearly another third (28
REX Shares, LLC (REX), a provider of alternatives strategy funds and ETFs, has partnered with Brian Kelly, founder and CEO of BKCM (BKCM) and an investor in REX, to develop a line of ETFs and other funds designed to give investors exposure to the blockchain technology, cryptocurrency, and digital assets sectors.
Kelly will serve as a portfolio manager for the suite of funds.
REX and BKCM see a large demand for regulated investment products that give exposure to the potential value creation taking place with the evolution of cryptocurrencies and blockchain technology. REX Shares founder and CEO Greg King is
PEGAS, the pan-European gas trading platform operated by Powernext, achieved its best trading result to date on its spot segments in December, reaching a new record with 95.7 TWh (previous record: 85.4 in January 2017).
The total traded volume amounted to 169.3 TWh in December, an increase of 11 per cent compared to the previous year (December 2016: 152.1 TWh).
Spot trading volume in December amounted to 95.7 TWh , representing an increase of 27 per cent over the previous year (75.1 TWh). This new record was due to a series of highs in the Netherlands, France, Belgium, the U.K.
By Don Steinbrugge, Agecroft Partners – Each year, Agecroft Partners predicts the top hedge fund industry trends stemming from our contact with more than two thousand institutional investors and hundreds of hedge fund organisations.
The hedge fund industry is dynamic, and participants are best served by anticipating, rather than reacting to, change. Below are Agecroft’s 9th annual predictions for the biggest trends in the hedge fund industry for 2018.
Hedge fund industry assets to reach an all-time high in 2018 for the 10th year in a row
Despite the plethora of negative articles about the hedge fund industry, hedge fund assets
Lawyers representing shareholders of Allergan Inc have settled a lawsuit resolving insider trading claims against Valeant Pharmaceuticals International, Bill Ackman and his Pershing Square family of hedge funds stemming from Valeant’s 2014 attempt to takeover Allergan.
In settling the claims, Valeant and Pershing Square agreed to jointly pay a total of USD290 million for all involved investors.
Allergan stockholders alleged that in February 2014, Valeant tipped Pershing Square founder Bill Ackman about its plan to launch a hostile bid for Allergan. Armed with this non-public information, Pershing then bought 29 million shares of Allergan stock from unsuspecting investors, who were
National law firm Seward & Kissel has promoted Debra Franzese to partner, effective 1 January, 2018.
“Debbie’s promotion is extremely well deserved, and we are thrilled to welcome her into the firm’s partnership,” says Seward & Kissel Managing Partner Jim Cofer. “Time and time again, Debbie has proven her dedication not only to the success of our firm, but to the success of the investment management clients she serves. We are confident her leadership skills and unique perspectives will continue to progress in this new role.”
Franzese, who has spent her entire legal career at Seward & Kissel, is a member of the
Linedata (Euronext Paris: LIN), the global solutions and outsourcing services provider to the investment management and credit finance industries, is partnering with London Stock Exchange Group’s UnaVista for transaction reporting requirements to provide clients with MiFID II-compliant solutions.
Under the partnership, the firms’ mutual clients will use UnaVista as an Approved Reporting Mechanism (ARM) to report transactions to National Competent Authorities (NCAs) for all required asset classes.
MiFID II came into force on 3 January 2018 with the aim of bringing increased transparency and efficiency to financial markets and strengthening investor protection. Linedata’s partnership with UnaVista, an award-winning ARM,
LMAX Exchange Group has completed the transition of its MTF and Broker businesses into two distinct FCA regulated entities – LMAX Exchange and LMAX Global – to meet the regulatory changes introduced under MiFID II.
David Mercer, CEO of LMAX Exchange Group, says: “MiFID II’s underlying message is about fairness and transparency, which we wholeheartedly support. We have long been an advocate for complete transparency on trading costs and execution quality, and our exchange style execution model was designed specifically to treat all market participants equally regardless of status, size or activity levels. We welcome the introduction of MiFID II
