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Arthur Bell CPAs, a professional services firm dedicated to servicing the alternative investment industry, has formed Arthur Bell Limited based in Ireland to better serve its international clients.
This expansion follows the opening of an Arthur Bell office in Midtown Manhattan, the nexus of New York’s alternative investment industry, just four months ago in May 2015. The formation of Arthur Bell Limited represents a commitment to its clients to deliver more comprehensive service offerings on a global scale.
Arthur F Bell, Jr, Managing Member of Arthur Bell CPAs, says: “We are thrilled to establish a presence in Ireland, one
Malta's financial services industry has been continuously evolving since it joined the EU in 2004. The island has a buoyant banking and insurance sector, a trust and pensions sector, and along with its funds industry, has been growing in the region of 25 per cent per year, based on the MFSA's latest figures.
With respect to setting up funds, the licensing process is very thorough.
"We conduct extensive due diligence on everybody," comments Professor Joseph Bannister, Chairman of the MFSA. "In certain cases, we go a step further and involve security agencies. The first step is not the business plan
FinanceMalta was set up in 2007 to holistically promote the various sectors of Malta's financial industry. FinanceMalta not only focuses on the fund management industry but also covers the insurance sector, trust and foundations sector and wealth management and as Kenneth Farrugia (pictured), Chairman of FinanceMalta confirms: "We are also exploring ways for FinanceMalta to support Islamic Finance and Capital Markets in Malta through various initiatives."
Malta has come a long way as a fund jurisdiction since it joined the EU in 2004. FinanceMalta has played an important role in this regard, and whilst more can always be done from
MSCI, a provider of research-based indexes and analytics, is to acquire all of the assets of Insignis, Inc, a data collection and aggregation service for the financial industry.
Insignis provides daily automated collection, aggregation and management of financial data, including data on positions, transactions and complex instruments such as exchange-traded futures and options, OTC swaps and foreign exchange spot and forward contracts. Insignis’ data footprint today covers 35 custodians, 15 futures brokers and 20 OTC managers with over USD2 trillion in market value.
MSCI currently leverages Insignis’ technology in its InvestorForce product line and plans to expand its use
Maples Fund Services has been selected by Promeritum Investment Management (Promeritum) as administrator for the Promeritum Fund SPC, an emerging market fixed income hedge fund.
Maples Fund Services will provide full administration services, including fund accounting, registrar transfer agent and FATCA services for the fund. Point Nine, a long-term partner of Maples Fund Services, has also been selected to provide middle and back office services. The firm was awarded the business as a result of its high-touch approach to client service backed by a seamless integration of technological prowess and team with deep industry knowledge and expertise.
“We have
Ultimus Fund Solutions’ Advisor Solutions group has been selected by 300 North Capital to provide shadow accounting and other middle office services for the firm’s three hedge funds and its separate accounts.
Through the agreement, 300 North will leverage Ultimus’ best-in-class technology and industry knowledge to create a more efficient middle office operation, allowing the firm to devote its resources to managing money and diversifying its product offering. The southern California-based manager was drawn to Ultimus because of its reputation as a high touch service provider, focused on providing middle and back office services to small and mid-tier investment advisors.
IRESS has made two separate acquisitions to boost its presence in both the capital markets and discretionary fund management space within the UK.
The two businesses IRESS has acquired are Proquote, a leading provider of trading, market data and connectivity solutions in the UK, owned by the London Stock Exchange Group (LSEG) since 2003; and Pulse Software Systems, a leading provider of portfolio management software for private asset managers.
Proquote plays an important and select role in retail trading and connectivity in the UK. Its solutions include a multi-venue trading system, market data terminals, risk management and best execution
Olivetree Financial has appointed Fred Ward to its event driven team, to further hone the firm’s consultancy skills for the buy-side community.
Ward joins from Magnetar Capital, where he headed up its European equities event portfolio, and his responsibilities at Olivetree will be to advise both long-fund and hedge-fund clients on how to navigate tough-to-model special situations. He is based in London and will work across Olivetree’s clients globally.
As the pace of regulatory change continues to increase, market participants remain under pressure to modify their businesses and respond to the regulatory demands. Having launched in a post-crisis environment,
TraderServe has been added to Colt PrizmNet, a financial services extranet connecting providers of financial content to Capital Markets firms. TraderServe will provide access to Algoguard – a validation engine for MiFID II compliance – via PrizmNet from next month.
The service will be available to all Capital Markets participants who require the ability to demonstrate compliance for algorithm testing under MiFID II, irrespective of location.
Nick Idelson (pictured) of TraderServe, says: “The timing of delivery of Colt’s new extranet – Colt PrizmNet – is ideal in light of the requirements for testing that MiFID II brings and the
Aberdeen Asset Management has struck a deal with Advance Emerging Capital Ltd (AEC) whereby Aberdeen will acquire 100 per cent ownership of the London-based investment company. AEC focuses on global emerging and frontier market equities.
AEC is a London based specialist investment manager with nearly two decades of experience managing portfolios of primarily closed end, but also open end, fund-of-fund vehicles. As of 30 June 2015, the company managed GBP409 million across a range of investment funds. The two largest vehicles that the team manages are Advance Developing Markets Fund Limited and Advance Frontier Markets Fund Limited, both of which are
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