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BNY Mellon is a prominent investment company in the financial industry. It has a market capitalisation of USD45 billion and is one of the world’s largest investment managers with USD1.7 trillion in AUM.
More specifically, BNY Mellon is best known for its expertise in investment services. This side of the business accounts for approximately 70 per cent of the Company’s revenues; whether that’s core custody capability, administration – both traditional and alternative – corporate trust work, issuing depositary receipts and so on. It currently has approximately USD743 billion of alternative AuA and/or custody.
Despite its size, BNY Mellon is
- 16/06/2015
- 16/06/2015
There are plenty of push and pull factors influencing hedge fund administrators but whilst there are those who are getting distracted by M&A activity, one administrator that is taking advantage of the situation to win new business is Opus Fund Services, which serves over 200 fund managers and 300-plus funds with a combined AUM exceeding USD10 billion.
"We are in discussions with larger managers than perhaps we would have been a couple of years ago; largely due to the continued build-out of our institutional grade technology, service and brand," says Jorge Hendrickson (pictured), Director of Sales and Business Development.
Regulation
- 16/06/2015
- 16/06/2015
According to Mark Hedderman (pictured), CEO of Custom House Fund Services, the hedge fund administration industry needs a moment to reflect and think long and hard about what the preferred model to conduct hedge fund administration should be. It’s time to take a deep breath and look at how the evolution of the hedge fund administration business model has altered.
The genesis of the fund administration business was to function as a fully independent part of the investment management process, separate from prime brokerage and custody to perform a singular role. However, over the course of this century, that core function
- 16/06/2015
- 16/06/2015
According to a report produced last August by PwC entitled ‘Hedge Fund Administration – The quest for profitable growth’, there have been 27 HFA acquisitions since 2006, with 11 of those targets running USD20 billion or more in AuA. As the report points out, this helped bank-owned administrators increase their market share of outsourced hedge fund AUM from 47 per cent to 64 per cent.
State Street AIS acquired Goldman Sachs Administration Services in 2012 creating the world’s largest HFA with USD780 billion in AuA (as of October 2014); it remains the largest single manager HFA, having seen its assets
- 16/06/2015
Active boutique investment managers have consistently outperformed both non-boutique peers and indices over the past twenty years, in many cases by a wide margin.
That’s according to a new study – The Boutique Premium – by Affiliated Manager Group (AMG), which draws on data from more than 1,200 investment management firms and nearly 5,000 institutional equity strategies comprising approximately $7 trillion in assets under management.
The analysis found that over the last twenty years:
• Boutiques significantly outperformed non-boutiques: The average boutique outperformed the average non-boutique in 9 of 11 equity product categories, by an average annual 51 basis points.
- 16/06/2015
Solomon Wifa has joined Willkie Farr & Gallagher firm as a partner in then firm’s London office.
Wifa, a well-established investment funds lawyer with experience across a diverse range of asset classes, has represented sponsors in the formation of, and institutional investors with respect to their investments in, global private equity, hedge, buyout, mezzanine and venture capital funds. Wifa has advised on a wide range of secondary transactions involving private equity and hedge funds and on formation of emerging market funds investing in China, sub-Saharan Africa, India, Turkey and Central and Eastern Europe.
“Sol’s addition is an important step
- 15/06/2015
- 15/06/2015
Misys has appointed a new President and Chief Sales Officer, Simon Paris who will have respsonsibility for the entire go-to-market organisation, including sales, marketing, pre-sales and partners.
Paris will use his considerable experience to deepen customer engagement and drive revenue growth for the Misys Fusion software portfolio. He will be instrumental in expanding the existing customer base as well as driving new business from banks and financial institutions.
Paris joins Misys from SAP where he held a number of senior sales and leadership positions, including being the Global Head of Financial Services, and more recently Head of Industry Cloud.
- 15/06/2015
Tony Buche has joined KNEIP where he will lead the relationship management team.
Based at KNEIP’s head quarters in Luxembourg, Buche will be responsible for all of KNEIP’s existing client relationships worldwide and be charged with maintaining KNEIP’s industry-leading standards for client service.
Buche will report directly to Renaud Oury, Chief Sales and Marketing Officer at KNEIP, who commenting on the appointment, says: “I am extremely happy to have Tony Buche on board. His successful track record and experience both in operations and sales is a clear asset for KNEIP. Tony is recognised as a leading figure in the industry
- 15/06/2015
Hermes Investment Management has added to its suite of global fixed income offerings with the launch of the Hermes Absolute Return Credit Fund, a UCITS fund which targets a positive investment return over a rolling 12 month period irrespective of market conditions.
The fund will be managed by Fraser Lundie, Co-Head of Hermes Credit and Raphael Muller, Senior Portfolio Manager. Principal members of the Hermes Credit team have been managing relative-value credit strategies together since 2004 and this fund further strengthens the team’s investment offering. The Hermes Multi Strategy Credit strategy has returned 12.8 per cent cumulative since inception
- 15/06/2015
- 15/06/2015
Equity and bond markets experienced renewed tensions during the period under review. European markets saw higher selling pressure than US markets, which was a negative for Global Macro managers as they have sizeable long European equities positions in their portfolios.
- 15/06/2015
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