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Alter Domus, a provider of Fund and Corporate Services to alternative investment managers, has opened two new offices in Spain; in Madrid and Barcelona.
Laurent Vanderweyen (pictured), Chief Executive Officer of Alter Domus, says: “The opening of these new offices in Spain, in important financial capitals, will strengthen the company’s platform in Europe and is a result of our commitment to continually broaden our international presence, and bring our high quality services to every jurisdiction within our expanding reach. Having Spanish-based offices will offer significant opportunities for us to target inbound and outbound investments in the Spanish and European economies.”
Genoa-based Banca Carige has entered into exclusive negotiations with London-based hedge fund Chenavari Investment Managers, over the sale of its consumer credit company Creditis Servizi Finanziari (Creditis).
Banco Carige is aiming to agree a deal by 6 December as it looks to comply with ECB demands that it increase its capital and cut bad loans to avoid winding up proceedings.
Chenavari Investment Managers has also committed to buy up to EUR40 million in unsold Creditis shares, taking over a commitment previously undertaken by another bidder as part of the competitive bidding process for the business.
Members of the underwriting syndicate,
KOGER, provider of the NTAS platform for fund administration and compliance, is now offering Chinese-language capability for investor statements.
More than 8,000 funds with USD2 trillion in assets are administered through NTAS, used by many of the largest asset managers, fund administrators and financial institutions. With this new product innovation, hedge funds and private equity funds can provide statements to Chinese investors in their native language.
“Today most fund managers have investor bases that span the globe. Our platform makes complex processes easy to manage and increases efficiency for fund administrators, asset managers and financial institutions. We felt it was
Thomson Reuters has expanded its Connected Risk platform to include a Model Risk Management (MRM) solution, allowing institutions to demonstrate a real-time understanding of their model risk landscape, with the ability to report on the model’s governance status, sign-offs and related issues from a single platform source.
Financial modelling plays a critical role in several financial institution activities, including credit underwriting, risk management, capital adequacy and instrument valuation. The MRM solution is designed to provide Risk professionals with a holistic understanding of how each of these models in the business is derived, validated and applied. It features a simple, yet
QuantHouse, an independent provider of end-to-end market data and trading through API based technologies, is now providing access to Sun Trading’s Systematic Internaliser (SI) platform through its QuantFEED and QuantLINK offering.
Sun Trading is a provider of bespoke equity streams under the MiFID I regime, and the organisation anticipates a high demand for their liquidity under MiFID II. Previously, only large tier 1 brokers have had the resources to connect to this liquidity directly. By offering simple connectivity via a single API, QuantHouse’s customers are now able to access Sun Trading’s market data and order entry feeds, and access the
LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has opened a new office at 138 Holborn in Waterhouse Square, London.
The firm, which has secured eight new fund manager clients in London since July, will use the new office to support its continued expansion in the region as demand for its POEMS (portfolio, order and execution management system) platform surges ahead of MiFID II’s January implementation deadline.
The new office is led by EMEA Client Services Manager Nicholas Thompson (pictured), who joined the firm from Eze Software in June. Thompson and the London-based LiquidityBook team, which
Cappitech Regulation, a RegTech firm specialising in automating regulatory transaction reporting for investment firms, has concluded the integration of its Capptivate platform with AccessFintech’s ecosystem.
AccessFintech users can now incorporate Capptivate’s MiFID II and EMIR reporting, tracing regulatory reporting exceptions in its lifecycle management portal.
Launched earlier this year, Access Fintech links together tools and services from fintech vendors with in-house technology. Through a single integration, Access Fintech enables buy-side investment firms and banks to easily enhance workflow with new providers while compressing the distributed workflow to a single portal for prioritised exception management
Through the Cappitech integration,
The Securities and Exchange Commission has obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to USD15 million from thousands of investors since August by falsely promising a 13-fold profit in less than a month.
The SEC filed charges against Dominic Lacroix and his company, PlexCorps. The Commission’s complaint, filed in federal court in Brooklyn, New York, alleges that Lacroix and PlexCorps marketed and sold securities called PlexCoin on the internet to investors in the US and elsewhere, claiming that investments in PlexCoin would yield a 1,354 per cent profit in less than 29
After more than 19 years at Schroders and an investment career spanning 32 years, Geoff Blanning (pictured), Head of Emerging Market Debt Absolute Return and Commodities Group, has decided to retire and will leave the company in April 2018.
Abdallah Guezour, currently Head of Emerging Market Debt Absolute Return, will become Head of the Emerging Market Debt Absolute Return & Commodities Group in January 2018. Abdallah joined Schroders in 2000 and has worked with Geoff for over 20 years.
To ensure continuity, Mark Lacey, who has been working closely with Geoff over the past three years as a fund
PAG, a Hong Kong-based independent alternative investment fund manager, has hired a new quantitative investment and research team, based in Geneva, to launch a new business applying quantitative techniques to fundamental investments.
The business, known as PAG Investment Solutions, is led by Edgar van Tuyll, formerly chief quantitative strategist at Pictet, where he and his team managed a USD1 billion portfolio. Van Tuyll comes to PAG with 22 years of experience in quantitative and global macro investing.
“Traditional investment management is at the core of our strategy,” says Albert Collette, Partner at PAG Investment Solutions. “Our goal has been
