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Trustee Executors Limited (TEL), a New Zealand-based provider of third party administration for financial services, has selected SS&C's reporting solution, Pages.
SS&C will support reporting on TEL's 585,000 individual client accounts with more than $94 billion in assets.
TEL, a specialist in Trustee, Custodial, Investment Accounting, Unit Pricing and Registry services, will deploy Pages, SS&C's enterprise reporting and portal technology, to automate the production of communications, including quarterly investment reports, statements, and self-service reporting access for fund managers and super funds. Reporting cycles will require less manual intervention to complete, resulting in operational efficiencies and immediate access to data by
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for March 2015 measured 1.30%, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.14% in April.
“The negative CMI for April reflects the typical seasonal pattern,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “There was a slight decline compared to last April’s results (-1.14% vs -.50% a year ago) which occurred despite lower outflows this year, as a drop in new contributions outweighed this. So far in 2015, the overall trend suggests stability in allocations to hedge funds.”
A new white paper from Neonet Securities and LiquidMetrix analyses the likely impacts and opportunities surrounding the introduction of intraday auctions and the proposed MiFID II restrictions on dark pools.
The London Stock Exchange’s (LSE) planned introduction of midday auction in late 2015 is analysed as an example of an alternative to dark pools with comments from Brian Schwieger, Head of Equities at the LSE.
According to the paper, intraday auctions fulfil similar client needs of minimising market impact and maintaining confidentiality as dark pools and are therefore a credible alternative.
Successful intraday auctions also attract a large share of
Professor Noël Amenc has resigned fro his role as Director of EDHEC-Risk Institute.
Amenc founded EDHEC-Risk Institute in 2001 and enabled the institute, which is part of EDHEC Business School, to become one of the leading centres for applied research for the investment industry worldwide, with a presence not only in Nice, France, but also in London and Singapore, and research and executive education partnerships with CFA Institute, Yale School of Management and Princeton University.
Amenc’s resignation is effective as of 1 August, 2015. At that date, Professor Lionel Martellini, who has been fulfilling the role of Scientific Director at EDHEC-Risk
The Lyxor Hedge Fund Index was up +0.7% in March. Six out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor CTA Long Term Index (+3.8%), the Lyxor LS Equity Long Bias Index (+2.4%), and the Lyxor LS Equity Variable Bias Index (+1.1%).
ECB’s purchases started beginning of March, and will crowd investors out of the sovereign market. Signs of distortions already emerged in yield curves. Meanwhile flows toward Eurozone continued to boost risky assets, which were little harmed by the Greek saga. US markets continued to lag with further signs of a cyclical downturn.
Credibility Capital, a marketplace lender focused on prime credit small business borrowers, has launched its online lending platform at www.CredibilityCapital.com.
New York-based company seeks to close a critical gap in small business lending, providing affordable financing solutions to businesses many of which are too small for traditional banks and are frequently pushed to more expensive financing solutions that are not commensurate with their credit profiles.
“We are filling a void in the small business financing landscape that took shape in 2008 with the pullback of bank lending,” says Brett Baris, President of Credibility Capital. “Because of our partnership model, we
Sciens Alternative Investments and PVE Capital have launched the PVE European Distressed Fund I, a closed ended fund that has invested in a portfolio of Italian Non-Performing Loans (NPLs) with a gross book value of EUR408m.
The portfolio of NPLs primarily comprise secured loans backed by Italian real estate.
PVE Capital is the originator of this deal, as well as being the asset manager of the NPL portfolio. PVE Capital is a European credit manager which has significant investment expertise in credit assets, ranging from traditional fundamental credit to the most esoteric structured credit. As of April 2015, PVE Capital
Eze Castle Integration, a provider of IT solutions and private cloud services to hedge funds, is to host a three-part webinar series in April focused on cloud computing for investment management firms.
The series, Cloud Perspectives: How to Impress Investors, Security Pros & CXOs, will feature expert speakers across three events and discuss the impact of cloud services on hedge funds and investment firms in today’s changing environment.
The webinar comes at a time when the company is seeing increased adoption of private cloud services but also widespread inquiries from investors and business executives regarding the benefits and considerations of cloud
Muzinich & Co, an institutional asset management firm specialising in corporate credit, has appointed a business development manager to cover the north of England and Scotland.
In a newly created role, Philip Raby will be responsible for developing relationships with investors as well as looking after existing Muzinich clients.
Raby was previously at Martin Currie, where he was UK sales and client services manager. Previous positions include relationship management and business development roles with J O Hambro Capital Management and Aegon Asset Management, spending six years with each. He has also held sales and investment roles with Scottish Equitable
Following a strong Q1, hedge funds have kept performing as we move to the next quarter. The Lyxor Hedge Fund Index is up 0.4% over the week with all but one strategy closing the week positive. A disappointing job report for the month of March in the US was the main event of a rather quiet start to April.
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