Latest News
BNY Mellon has been appointed trustee and portfolio administrator for Avoca CLO XII Limited, a EUR415 million collateralised loan obligation (CLO) launched by KKR.
BNY Mellon will also act as account bank, custodian, registrar and paying agent for the CLO.
Arranged by Credit Suisse, Avoca CLO XII Limited is the third European CLO 2.0 KKR has launched. BNY Mellon has been appointed as trustee and portfolio administrator on all three issues. CLO 2.0s are those issued from 2009 onwards, following the credit crisis, and have more conservative structures, such as shorter investment periods and lower leverage.
CLO issuance
- 06/11/2014
Singapore Exchange (SGX) saw positive growth in both securities and derivatives during October.
Securities average daily value was up eight per cent month-on-month, but lower seven per cent year-on-year. Total traded value in October increased four per cent month-on-month to SGD21.7 billion, as compared to September, despite fewer trading days in the month (21 days) versus September (22 days).
October saw three new listings on Mainboard and Catalist which raised about SGD85 million. In addition, a total of 56 bond listings raised more than SGD20 billion in October, compared with 48 listings raising SGD16.5 billion a year earlier. Outstanding bonds
- 06/11/2014
ConvergEx Group, a provider of global brokerage and trading-related services, has launched a service to help hedge funds and mutual fund companies manage liquid alternatives.
Liquid alternatives are investment products that feature an alternative strategy that has been packaged into a mutual fund, ETF or other exchange-traded product.
Developed in cooperation with Portfolioshop Inc, a software development and data management firm based in New York, the service provides daily reconciliation of complex data between the three parties that are required to support liquid alternatives: the trust bank, the prime broker and the fund administrator. This reconciliation helps to ensure
- 06/11/2014
Williams Trading has become the latest firm to partner with AltX, the cloud-based data analytic network that uses proprietary algorithms to develop relationships between investors and hedge funds.
Founded in 1997, Williams Trading is a full-service firm that provides equities execution and capital markets services. Williams sees AltX as way for his clients to save time and money through using its screening and customisable benchmarking capabilities.
“AltX provides one-stop shopping for quick and thorough search, discovery and due diligence of fund managers. I applaud AltX’s speed and the depth of information that the platform gives us and our clients,”
- 05/11/2014
- 05/11/2014
This month, Philippe Ferreira focuses on the performance of hedge fund strategies over the last quarter, in light of the sharp rotation that took place.
- 05/11/2014
Linedata has launched Linedata Optima, a suite of business process management (BPM) tools designed for fund accounting and administration and which will run across Linedata’s suite of fund servicing solutions.
BPM tools are key in an era where increasing emphasis is placed on transparency and control and where the reputational and financial consequences of errors can be punitive. As fund accounting solutions become ever more automated, often managing complex work processes, exception and process monitoring has frequently been a largely manual process.
Linedata Optima has been created to remove this manual operation by presenting a real-time view of automated
- 05/11/2014
Just 18 months after starting development work, Clearstream and Standard Chartered Bank have now implemented a collateral management service for Singapore.
From 17 November onwards, mutual customers will be able to consolidate their assets held across both institutions into one single pool to perform collateral management transactions with any Clearstream collateral receiver. The service is part of Clearstream’s integrated collateral management offering, the Global Liquidity Hub.
Assets held by a customer in an account with Standard Chartered in Singapore are now automatically moved to a Clearstream account at Standard Chartered when they are needed as collateral, thereby relieving customers
- 05/11/2014
In this special report, Preqin takes a detailed look at the evolution of the renewable energy industry in recent years, including fundraising analysis and an insight into recent investments by fund managers, institutional and strategic investors.
This report supplements the information available on Preqin’s Infrastructure Online service, which contains details on over 450 renewable energy funds, 3,000 completed renewable energy transactions and 700 investors in renewable energy assets, including fund managers and institutional and strategic investors.
Please click here to download this Preqin Special Report: Renewable Energy Infrastructure. We hope you find this report useful, and welcome any feedback you may have.
- 05/11/2014
William Haney is transitioning to the role of chief executive officer at BI-SAM on 1 January from his current role as chief operating officer and head of the firm’s enterprise business.
BI-SAM provides performance measurement and attribution, risk analytics and client reporting solutions to the global asset management industry.
Haney will succeed BI-SAM founder and CEO Alexandre Harkous, who will remain a board member and significant shareholder of the company. Harkous will work closely with the executive team to position BI-SAM for continued growth in new asset management verticals and in exploring extensions of the company’s offerings through organic
- 05/11/2014
- 05/11/2014
Jersey Finance has embarked on a ramped-up programme of activity in Asia this autumn, including launching an inaugural series of Roadshow events in key markets across the Far and Middle East.
The tailored series of breakfast and lunchtime events will feature a number of expert speakers, including Richard Corrigan, deputy CEO of Jersey Finance, who will discuss current trends in the private client, funds and capital markets spaces, the role of international finance centres and how Jersey is stepping up to the plate in delivering high quality solutions tailored to the changing needs of the Asian marketplace.
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- 05/11/2014
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