Latest News
Redi2 Technologies, the premier provider of hosted fee billing and revenue management solutions to the global financial services industry, announced today that
Pershing LLC, a Bank of New York Mellon company, has licensed the Redi2 Revenue Manager[WMSP] enterprise billing system (EBS).
Revenue Manager is designed to handle the processing of over one million accounts for broker-dealer clients whose advisers offer asset-based advisory billing solutions to their end investors via Redi2's hosted revenue management platform in conjunction with Pershing's mainframe processing capabilities.
Pershing consolidated four legacy, standalone asset-based billing systems into Redi2's hosted platform, which is integrated into Pershing's NetX360® platform.
- 01/04/2015
Joe Truelove (pictured), Head of Fund Services at Carey Group explores the uses of offshore stock exchanges, such as the Channel Islands Securities Exchange…
The key reasons for listing a company on an offshore stock exchange are in principle the same as those of listing a company on an onshore exchange – to raise capital or to give existing shareholders an opportunity to sell their shares to unknown third parties in a transparent manner.
Both the Channel Islands Securities Exchange (CISE) and the Cayman Stock Exchange (CSX) are exchanges recognised by HMRC. Under the Individual Savings Account (ISA) rules, investors
- 01/04/2015
- 01/04/2015
By James Williams, Managing Editor, Hedgeweek – January proved to be a sluggish start for hedge funds. According to the Preqin All-Strategies Hedge Fund Benchmark, the average hedge fund returned 0.07 per cent although unlike James Bond, this was hardly likely to set investors’ hearts racing.
One strategy that stood out above all others was managed futures. The average CTA returned 3.10 per cent. That’s a respectable 14.72 per cent return over a 12-month period. By comparison, the average hedge fund, through January, had only returned 4.21 per cent. Macro strategies (0.84 per cent) and discretionary funds (0.48 per cent) fared
- 01/04/2015
The world's emerging high-net-worth investors are raising the investment knowledge threshold and want their wealth managers to provide them with more guidance and information to help in making informed investment decisions.
That’s according to a global study released today by SEI (NASDAQ: SEIC), Scorpio Partnership, and NPG Wealth Management. The study, "The Art and Science of Relationship Management," uncovered an opportunity for today's wealth managers to serve as investment navigators, using knowledge as a competitive advantage. The 3,113 respondents polled for the survey have an average net worth today of USD2.7 million and represent the up-and-coming demographic that will make
- 01/04/2015
RiverPark Advisors has launched the RiverPark Focused Value Fund (Institutional: RFVIX; retail: RFVFX), a high conviction strategy to be managed by former hedge fund manager David Berkowitz.
Berkowitz is also joining RiverPark as the firm’s new co-chief investment officer. He is seeding the new fund with USD10 million of his own money, with other RiverPark principals investing an additional USD2 million.
“For some time we have wanted to add an equity value fund to the RiverPark fund family. We were just waiting to find the right manager,” says Morty Schaja, co- founder and chief executive officer at RiverPark. “David is
- 01/04/2015
S&P Dow Jones Indices (S&P DJI), has launched two new indices – S&P GSCI Gold Inverse and S&P GSCI Silver Inverse – designed to provide the inverse returns of the S&P GSCI Gold and the S&P GSCI Silver indices respectively, which represent a short position in their respective underlying indices.
The S&P GSCI is the first major investible commodity index. It includes 24 commodity futures on physical commodities across five sectors: energy, agriculture, livestock, industrial metals and precious metals.
“After the record drop in precious metals in 2013 which has yet to see a rebound, many investors are looking for ways
- 01/04/2015
CME Group has announced the first trades of its new Physically Delivered Cocoa futures contract (contract code CCP), which were launched yesterday on its European exchange, CME Europe.
A total of 240 contracts traded through four delivery months out to March 2016, with most trades taking place in the new-crop December 2015 and March 2016 contracts.
"After 18 months of working with the industry, we believe we have launched cocoa contracts that address many of the unmet needs identified by commercial market participants," says Jeffry Kuijpers, Executive Director, Agricultural Products, CME Group. "CME Group has a long tradition of offering
- 01/04/2015
Global asset management group Gottex Fund Management Holdings is on target to achieve operational profit by the end of 2015, according to the company’s annual results statement for 2014.
Gotten says that synergies from the merger with EIM Group (EIM) are now expected to exceed USD20 million and to be fully implemented by June 2015. As a result the group is targeting to be operationally profitable by Q4 2015.
The later than planned completion of the merger was due to regulatory delays which held up implementation of substantial synergies. Together with lower average fee rates, this contributed to an adjusted
- 31/03/2015
The Securities and Exchange Commission has charged an investment adviser and her New York-based firms accused of hiding the poor performance of loan assets in three collateralised loan obligation (CLO) funds they manage.
The SEC’s Enforcement Division alleges that Lynn Tilton and her Patriarch Partners firms have breached their fiduciary duties and defrauded clients by failing to value assets using the methodology described to investors in offering documents for the CLO funds, which have portfolios comprised of loans to distressed companies. Instead, nearly all valuations of loan assets have been reported to investors as unchanged from the time they were
- 31/03/2015
- 31/03/2015
Global valuation and corporate finance advisor Duff & Phelps has promoted eight new managing directors.
“These eight professionals personify Duff & Phelps’ commitment to best-in-class expertise and superior client service,” says Noah Gottdiener, CEO of Duff & Phelps. “I welcome the diversity of skill they bring to our already talented team of managing directors and wish them ongoing success at our firm.”
Ann Gittleman is based in New York and is part of the Disputes and Investigations practice, having joined the firm with the recent Kinetic Partners acquisition. Gittleman acts as a consulting and testifying expert to her clients in
- 31/03/2015
Special Reports
FeatureD
- Intel
- May 2, 2024
- Intel
- May 1, 2024
- Intel
- April 30, 2024
- Intel
- April 29, 2024
- Intel
- April 26, 2024
- Intel
- April 25, 2024
- Intel
- April 24, 2024
- Intel
- April 23, 2024
