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Finbourne Technology has launched LUSID (Liberated Unified Secure Investment Data-machine), a new cloud-based asset management platform designed to replace existing in-house software and hardware.
Finbourne says LUSID can dramatically cut operational and capital costs, modernise capability and liberate managers from infrastructure worries to concentrate on their core competency – asset management.
LUSID was built to become a market utility. Just as no business would think of installing its own water supply, nor should fund managers endure the pain and huge expense of installing, updating, staffing and worrying about systems for recording and accessing investment data. These are non-differentiating activities
SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) solutions provider, has partnered with RegTek.Solutions, a specialist in regulatory compliance technology, to launch Reconcile.Trade, a managed service that provides independent, turnkey reconciliations that directly address regulators’ demands for the proactive oversight of trade and transaction reporting.
The joint service combines RegTek.Solutions’ specialised trade and transaction reporting software and market expertise with SmartStream’s leading reconciliations platform, to offer comprehensive, ‘regulation-aware’ reconciliations that are pre-integrated with leading trade repositories (TRs), approved reporting mechanisms (ARMs) and national competent authorities (NCAs). Regulators now require reporting firms to have ‘arrangements’ and ‘mechanisms’ for the reconciliation of
Saxo Bank Securities Ltd (Saxo Bank Japan) has selected Torstone Technology’s Inferno to replace the bank’s legal ledger and comply with regulatory reporting requirements in Japan.
Saxo Bank Japan will initially use InfernoRC to bring greater efficiencies to its post-trade reporting processes and is looking to add additional Inferno features in future phases. Inferno is a modular solution, giving organisations the opportunity to incrementally deploy components, as part of a phased migration to a complete middle and back office solution.
Inferno is a flexible, modern, cost-effective platform which will allow Saxo Bank Japan to run its operations efficiently and
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Ben Griffiths (pictured), as Managing Director, Global Head of Fund Financing. He will be based in London and will report to John Sergides, Global Head of Sales and Marketing.
Griffiths will lead the fund financing team globally to service clients, including funds of hedge funds, private equity lines of subscription, and FX lines for feeder funds of hedge funds. His expertise in the field will help the firm continue to enhance its capabilities and offer premier services to clients globally.
MUFG Investor Services has
Eze Software has launched functionality to help hedge funds calculate and collect incentive fees within an increasingly popular ‘1 or 30’ structure. Eze Investor Accounting is the first solution in the market to address the handling of these fees.
In recent years, investors have been looking for alternatives to the 2 and 20 fee structure that are better aligned with the need for consistent investment performance. The so-called 1/30 structure uses the Total Fee Limit Method to ensure that the investor retains 70 per cent of the profit generated for their investment in a hedge fund, capping the total fees
By Don A Steinbrugge, Agecroft Partners – Most institutional investors understand the uncorrelated, diversification benefits of property catastrophe reinsurance. Many have been waiting on the sidelines for a large event to happen that would drive up pricing before allocating to the strategy. The two big questions these investors ask are, “Is pricing going up?” and “Has the probability of hurricanes increased?”
Will pricing on property catastrophe reinsurance increase?
2017 has the potential to be the costliest year for the reinsurance industry on record, even worse than 2005 when the reinsurance industry was impacted by hurricane Katrina, Rita and Wilma.
The size of the global private credit market is on course to break the USD1 trillion mark by 2020, according to research by the Alternative Credit Council (ACC), the private credit affiliate of the Alternative Investment Management Association (AIMA).
Dechert, the global law firm, contributed to and sponsored this year’s survey, titled “Financing the Economy 2017”.
The industry, which manages approximately USD600 billion in assets, has grown 14-fold since 2000. Based on its current growth rate, the sector will reach USD1 trillion in assets by the end of the decade, the ACC forecasts.
The “Financing the Economy” report highlighted that
Maitland, the global advisory and fund administration firm, has appointed Greg Kok as Head of ManCo Services.
Kok (pictured), joins Maitland from MPL Management in Luxembourg where he was Managing Director. With more than 20 years of experience, Greg has worked for a number of large global firms, such as HSBC, Franklin Templeton and FundRock and across a range of jurisdictions including the UK, Bermuda, Singapore, Vietnam and Luxembourg.
Management Company (ManCo) services have gained prominence in the aftermath of the global financial crisis. Following the introduction of UCITS IV and subsequently AIFMD, legislation has required investment managers to
CubeLogic, a specialist in business intelligence enabled risk management solutions, has appointed Karl Sees as Global Head of Product Management based in Singapore.
His role is to spearhead the firm’s ambitious product development program, including client engagement and delivery in the APAC region. Sees will also take a lead role in growing CubeLogic’s client base within the financial services sector.
Sees brings over 25 years of practitioner experience in risk management and the deployment of cutting edge risk technology. Previous roles have included Head of Risk, Chief Credit Officer and Global Head of Counterparty Risk at major investment banks
Confluence has promoted Todd Moyer to Chief Operating Officer (COO), a strategic role focused on ensuring operational excellence, optimising revenue generation across North America and Europe and evaluating growth potential in adjacent geographic markets globally.
Moyer (pictured), joined Confluence in 2012 as Senior Vice President of Global Sales. In 2014 he was promoted to Executive Vice President of Global Business Development, leading Confluence’s global growth efforts as they relate to strategic market management and sales strategy and execution. Under his leadership, Confluence has consistently achieved year-over-year record breaking growth. He also provided strategic direction for extending the value of the
