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KPMG has acquired from G2 FinTech (G2), a boutique tax technology firm that specialises in tax analysis and compliance software for the investment management community, all of its United States tax software and intellectual property, including G2’s flagship product, TaxGopher.
G2 will remain a separate entity with a continuing business post-closing. A majority of G2’s development team will join KPMG’s Tax Transformation and Technology Practice, enabling KPMG to enhance its capabilities to assist hedge funds with their tax compliance needs.
A majority of G2’s development team will join KPMG’s Tax Transformation and Technology practice, enabling the firm to enhance
Cordium, a provider of compliance consulting and software solutions to the financial services industry, has launched a new electronic communications review service.
As technology advances and communication channels become the new standard, electronic communication oversight and document retention has become broader and more closely scrutinised. It is now necessary for both RIAs and Broker Dealers to monitor emails, instant messages, and other means of office communication in order to adhere to numerous regulatory requirements and stay consistent with a culture of compliance. Cordium’s electronic communications review service offers a streamlined solution for investment firms.
The new service offers a
Law firm Simmons & Simmons has launched a new practical online tool for its clients in the financial institutions and asset management sectors to help guide them through the steps that need to be taken for MiFID2/MiFIR compliance.
Simmons & Simmons MiFID2 Manager sets out key information on how a particular MiFID2/MiFIR requirement applies to different types of firms, to what services or activities, and to different client types. It focuses on the EU Level 1, 2 and 3 text as well as local implementation/gold plating issues in the UK and other key EU jurisdictions. There will be different versions
Deutsche Börse Market Data + Services is strengthening its partnership with BSE India (formerly known as Bombay Stock Exchange) by licensing three new BSE market data products.
The new “ultra” products deliver the full chain of pre-trade information and complete post-trade data.
“The new BSE ultra information products were launched to respond to client demand from major international end clients and data vendors for more granular pre-trade information. Under our agreement with BSE India, our clients can license the data under a single license agreement with Deutsche Börse. This helps them keep administrative processes efficient and save costs,” says Georg
Offshore legal firm Appleby has expanded its funds practice with the appointment of Sailaja Alla (pictured) as a partner.
Alla is returning to Appleby having spent seven years with the firm from 2000-2007 in Cayman and Hong Kong before leaving to join another offshore firm. She has spent the last three years at Harney’s and she now has 15 years of funds experience, specialising in the formation, maintenance and restructuring of a range of investment funds utilising corporate, partnership and unit trust structures.
Bryan Hunter, Managing Partner for Appleby Cayman says, “We are delighted to welcome back Sailaja to our
Man AHL, Man Group’s diversified quantitative investment manager, has launched the Man AHL Coder Prize, a coding competition for students aged 16 and over with a top prize of GBP5,000.
The first ever Man AHL Coder Prize will launch on 1 December, and is open to UK & Ireland residents in full-time education. Entrants will be tasked with writing code, using the Python programming language, to control a player for the classic game Hexplode. Python is a widely used programming language, which Man AHL utilises for its systematic models.
To encourage a diverse range of entrants, including those attempting
October saw hedge funds delivering returns close to 2 per cent on the back of a renewed sense of market optimism. Event-Driven and Global Macro strategies outperformed, up 2.5 and 3 per cent respectively. CTAs, which were up 2.7 per cent last week, underperformed for the full month of October as they failed to capture the market rebound.
On 22 September, the SEC hit RT Jones Capital Equities Management, a St Louis-based investment adviser with a USD75k penalty for failing to have sufficient cybersecurity policies and procedures in place. This led to the personally identifiable information of approximately 100,000 individuals, including thousands of its own clients, being compromised when the web server it used was hacked in July 2013.
The case has been settled, and whilst the fine itself wasn’t mortifying, the potential impact on the firm’s reputation could be significant. The unfortunate reality for investment advisers of all shapes and sizes today is that failure to treat
The number of research providers available on the RSRCHXchange platform, the online marketplace for institutional research, has doubled since its launch in late September, with 100 providers now on board.
RSRCHX offers a rapidly growing number of buy side asset management firms access to a wide range of institutional research content.
Multi-asset in outlook, RSRCHX enables access to a diverse community of research providers including leading economic, strategy and equity research firms. Going beyond traditional sell side research firms, RSRCHXchange has built a new universe of providers including primary and market research, channel checking, and consulting firms, many of whom are
Alternative fund managers and allocators looking to connect with their peers in the Benelux region should put the following date in their diary: Wednesday 17 February 2016.
This will be the 5th Amsterdam Investor Forum hosted by ABN AMRO Clearing at the bank’s Amsterdam headquarters. A full-day event, it is currently the only forum for the alternative funds industry in the Netherlands The event is being targeted at all those active in the alternative investment industry: hedge fund managers, traditional asset managers, institutional investors, family offices and private bank and wealth advisors.
“For one day we open our doors to
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