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MUFG Investor Services has partnered with Point Nine Limited, a specialist in outsourced operations, processing and reporting for post-trade execution.
Point Nine’s middle office platform, Circle, will be available to MUFG Investor Services’ clients enhancing the firm’s existing Business Process Outsourcing (BPO) technology offering.
In light of increased regulations, such as MiFID II, and additional requirements for asset managers to handle more data, this partnership between MUFG Investor Services and Point Nine aims to relieve some of the operational burden for managers.
“As our clients navigate new regulations and respond to technological trends, they’re increasingly relying on trustworthy
Maples Fiduciary, a provider of fiduciary and corporate administration services, has appointed Guy Dominy as Director, Business Development in North America.
Dominy (pictured), brings extensive buy and sell side experience in the asset management industry, including senior roles at private equity fund managers and fund administrators. In his most recent role he was Managing Director and head of the US business development team of a global asset services provider, responsible for US growth strategy, product development and sales of all divisional and group business lines. He also brings considerable advisory experience as a funds lawyer at major international law firms.
Cambridge Capital, a hedge fund with a focus on cryptocurrencies, will be joining the Apex Token Fund, the first tokenised fund of funds. The firm’s mixture of long- and short-term trading strategies will add profitability and security to Apex, allowing it to achieve consistent returns for its investors.
Cambridge Capital invests in a wide range of ICOs, liquid tokens, and protocols, dividing its investments into long and short categories. Long investments are chosen on the basis of code and team reviews, regulatory concerns, and likelihood of being replaced with existing coins. Meanwhile, short investments are selected based on market analysis.
The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, has appointed Claire Van Wyk-Allan as its new Head of Canada.
Van Wyk-Allan, who takes over on 2 April, joins AIMA from RBC Global Asset Management, where she served as Business Development Manager, Advisor Channel Sales. Prior to joining RBC in 2013, she worked for Arrow Capital Management, where she spent almost four years as Regional Manager, covering advisors across Ontario.
She has been an active member of AIMA for almost a decade, including serving as a member of the AIMA Canada board since 2014. She
Cboe Global Markets has successfully migrated the Cboe Futures Exchange (CFE) to its proprietary Bats technology with trading on the new platform opening in Global Trading Hours at 5:00 pm CT on Sunday, 25 February.
At the end of the trading session at 4:00 pm CT on Monday, 26 February, 98 trading firms accessed the new platform, trading a total of 159,492 contracts.
Ed Tilly (pictured), Chairman and Chief Executive Officer of Cboe, says: “As we said at the start of this process, we are laser focused on executing a seamless technical and operational integration of our exchange platforms. The
Cowen has named Philip Cushman as Head of Global Institutional Sales, Cowen and Company, which includes managing both the institutional equity and credit sales teams.
In addition, Burton Welly has been named Head of Special Situations and Distressed Credit Trading, Cowen and Company, increasing his responsibilities to include all Distressed Credit trading initiatives.
“Phil has played a key role in driving team goals, helping shape Cowen’s growth initiatives and positioning the firm as a market leader,” says Dan Charney, Co-President, Cowen and Company. “By expanding Phil’s current oversight of Cowen’s institutional equity sales team to now include the credit sales
Commcise, a provider of a commission management, research valuation and accounting platform, and Singletrack, CRM and data analysis specialist for the sell-side, have teamed up to offer high-quality consumption data from Singletrack customers directly to Commcise buy-side customers.
MiFID II now requires buy-side participants to accurately measure, value and report every aspect of corporate access and research consumption. The majority of Commcise buy-side customers have research relationships with Singletrack customers, and this integration puts a direct link between both of their platforms while maintaining the utmost levels of security and data confidentiality.
Customers on both sides benefit from the
Union Bancaire Privée (UBP) has added to its emerging market fixed income product range with the launch of the UBAM – EM Sustainable High Grade Corporate Bond.
This launch reflects a strengthening in UBP’s approach to responsible investing and a commitment to further developing its environmental, social and governance (ESG) capabilities.
Managed by Denis Girault, Head of Emerging Market Fixed Income at UBP, the new fund combines UBP’s own know-how and extensive in-house credit and ESG analysis with the expertise of MSCI ESG Research LLC, which will provide both quantitative and qualitative screening and help the Bank invest in
UK-based hedge fund firm Man Group has reported a 35 per cent increase in funds under management during 2017, up USD12.8 billion to USD109.1 billion.
The company says that net revenues increased by 33 per cent during the year reflecting good absolute performance fee generation and 7 per cent growth in net management fee revenue, while adjusted profit before tax rose to USD384 million from USD205 million in 2016.
Luke Ellis, Chief Executive Officer of Man Group, says: “2017 was a strong year for our business. The record net inflows of USD12.8 billion reflected not only the outperformance we delivered
TORA, a provider of a cloud-based order and execution management systems, has launched its new TORA Reporting solution, giving asset managers the ability to see and report on their trading operations anytime, anywhere.
TORA Reporting lets users perform calculations on any data source and create reports with clear visualisations and charts. The new solution is integrated into the TORA platform and can be accessed via the web or on a mobile device, giving users an immediate view into their trading operations.
Asset managers are under tremendous pressure today to meet increased transparency, reporting and best execution requirements demanded by
