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MUFG Investor Services has secured all regulatory approvals for its acquisition of UBS Asset Management’s Alternative Fund Services (AFS) business and the acquisition has closed.
The deal forms part of MUFG Investor Services’ strategy to build a global industry-leading fund administrator. The AFS acquisition raises MUFG Investor Services’ total assets under administration to USD266 billion across 2,300 funds.
Junichi Okamoto, Group Head of Trust Assets Business Group, Deputy President, Mitsubishi UFJ Trust and Banking Corporation says: “AFS is a strategic addition to our business and demonstrates our commitment and ambitions within the fund administration industry. MUFG Investor Services is
- 14/12/2015
The Cayman Alternative Investment Summit (CAIS) has become an authoritative platform for fresh thinking on alternative investing and 2016 is set to raise the bar another notch higher.
Taking place at the Ritz-Carlton Hotel between 4th and 5th February 2016, Grand Cayman, the theme of CAIS 2016 is “Alternative Investments: Supercharged”.
Since its inception in 2012, CAIS has become a key fixture on the event calendar for global alternative fund managers and asset owners and is now widely regarded as the global voice of the alternative industry.
Bringing together the sharpest minds with a host of guest and
- 14/12/2015
Brokerage firm Triad Securities is expanding its managed suites offering by adding an area of 7,500 square feet meant exclusively for hedge fund managers.
Located in the historic Trinity Building at 111 Broadway in the Wall Street area, Triad Securities currently occupies 22,500 square feet of space and will be introducing custom suites that range from 1,000 to 5,000 square feet, at a rate which will be much more affordable than standard office space.
"Manhattan asking rents are up 10 per cent in the last 12 months and our start-up hedge fund clients have always had difficulty leasing relatively
- 14/12/2015
Around half of hedge fund firms intend to launch a new hedge fund by the end of next year and most are reporting rising assets, according to a global survey by PwC and the Alternative Investment Management Association (AIMA).
The report, ‘Distribution Disrupted – A Spotlight On Alternatives’, assesses the impact of regulatory reforms and changed investor behaviour on hedge fund distribution models and capital-raising efforts.
The survey of fund managers worldwide found 61 per cent reported rising assets in their hedge funds, while more than 80 per cent of firms that have liquid alternatives funds said those products
- 14/12/2015
By Lauren J Resnick (pictured) and Margaret E Hirce, BakerHostetler – With the increased regulatory focus on anti-money laundering (AML) enforcement, the Financial Crimes Enforcement Network (FinCEN) recently proposed rules that would require investment advisers, including certain hedge funds and private fund managers, to establish AML programs and report suspicious activity.{1}
The Proposed Rules are intended to close a purported regulatory gap in this multi-trillion dollar sector, as investment advisers are not currently subject to the same Bank Secrecy Act (BSA) requirements as banks and other financial entities. FinCEN thereby seeks to address the concern that money launderers or terrorist
- 12/12/2015
Next year will see the emergence of at least five Bitcoin and Blockchain businesses with a valuation of more than USD1 billion, and they will all be able to justify their valuations.
That’s one of the findings of Magister Advisors’ survey of the views of the World’s leading Bitcoin and Blockchain businesses, which was carried out in Q4 2015.
Jeremy Millar, partner at Magister Advisors, M&A advisors to the technology industry, who led the research says: “Globally, financial services companies spend close to half a trillion dollars on IT. This is the territory of thoroughbreds and workhorses, not Unicorns.
- 11/12/2015
The Association of the Luxembourg Fund Industry (ALFI) is celebrating the fifth anniversary of the opening of its Asia Office in Hong Kong at its annual roadshow.
Asia has become the main non-European market for UCITS funds, totalling approximately 62 per cent of total UCITS registrations outside of Europe.
Luxembourg’s position as the international fund centre of reference continues to grow in Asia, with over 700 people attending ALFI’s financial seminars in Tokyo, Tapei and Hong Kong this week.
“Through our ongoing activities in Asia, we have developed strong relationships with stakeholders from the various Asian fund jurisdictions
- 11/12/2015
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for November 2015 measured 0.21 per cent. Hedge fund flows meanwhile, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.83 per cent in December.
"SS&C GlobeOp's Capital Movement Index of 0.83 per cent for December 2015 was closely in line with the previous 0.89 per cent for November 2015, a strong result when seasonality is considered," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "In fact, December of 2015 was actually the largest gain for the Index in the month of December since 2011.
- 11/12/2015
CME Group, the world's leading and most diverse derivatives marketplace, announced today that
One million contracts have now been traded on CME Group’s London-based derivatives exchange, CME Europe, which launched in April 2014. The total volume of contracts traded since launch stood at 1,002,497 as of 10 December 2015.
CME Europe's growth has been broadly driven across its product range in FX, energy and agricultural commodities futures contracts. This includes the award winning, euro-denominated, physically delivered cocoa futures contract launched in May 2015.
Cees Vermaas (pictured), CEO of CME Europe, says: "CME Europe has established itself in the European
- 11/12/2015
The choppy waters of 2015 have proved challenging for active hedge fund managers. Both equities and global bonds are down this year to date as measured by the MSCI World index and the Barclays Global Aggregate Bond index in US dollar terms.
Should investors expect 2016 to be more rewarding? GAM expects to see opportunities but not without risk.
“It is instructive to consider that in 2015, although performance has been below target for many active managers, the main themes we expected to see have in fact played out,” says Anthony Lawler, portfolio manager at GAM. “The US dollar
- 11/12/2015
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