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BIL Manage Invest (BMI) has selected Linedata Front Office Platform to manage the firm’s complete front-to-back asset management workflow across their full suite of investment funds.
With an increased emphasis on risk management in the industry, AIFM Directive and UCITS regulation continue to impose controls and transparency with the end goal of protecting the financial world against systemic risk. While many management companies seek comprehensive risk management around all aspects of their front-to-back activities, they also look to increase efficiencies, and provide added-value to their clients while keeping costs at an acceptable level. This is particularly true with funds under
Volante Technologies has appointed Nadish Lad as Head of Payments Product and Peter McKenna as Global Marketing Director.
Volante has also hired additional development and testing staff and opened two new offices in Jersey City and Hyderabad to accommodate team expansions
Volante provides software solutions dedicated to helping clients integrate, validate and process financial data and messages with greater efficiency and ease while staying abreast of changes in message standards and protocols on both a domestic and international level.
Nadish Lad, Head of Payments Product, reporting to Venkat Malla, Volante’s Head of Product Management, joins from Ernst & Young
Lanware, the rapidly growing cloud based outsourced technology service provider for investment management firms and financial institutions, has been awarded Cyber Essentials certification by CREST, the UK government approved accreditation body under the Cyber Essentials scheme.
The Cyber Essentials classification is a government-backed, industry supported scheme to help organisations protect themselves against common cyber-attacks. Lanware is amongst the foremost cyber security firms to receive this new accreditation.
Cyber Essentials defines a set of controls which, when properly implemented, will provide organisations with protection from the most prevalent forms of Cyber threats. In particular, it focuses on threats which require
2015 will not be any easier for fund managers from an operational perspective. The raft of regulatory reporting under Annex IV and EMIR is set to increase, depending on the size of the manager, and the barriers to entry look set to remain high for new managers; both from a compliance perspective and investor expectations on operational infrastructure.
After a lukewarm performance in 2014, where the average hedge fund returned less than 4 per cent, and large institutional investors such as CalPERS and Dutch health care sector pension fund PFZW divested their holdings, 2015 is, in many ways, a year
Quantitative analytics firm Trade Informatics has launched TI Fact, a routing analysis technology that eliminates the agency information advantage, thereby levelling the field for buy-side institutions and asset managers.
TI Fact provides millisecond analysis, assisting clients in spotting and reacting to predatory market practices.
TI Fact is Trade Informatics’ latest development in a proprietary suite of analytics designed to deliver actionable results. Trade Informatics has saved clients billions of dollars in transaction costs. Via Trade Informatics’ revolutionary framework, asset managers can hyper-measure, evaluate and analyze their trading history to identify deficiencies and take corrective action, driving implementation shortfall lower.
“TI
Strong performance in Jersey’s funds sector in 2014 has seen the value of fund assets administered in the jurisdiction increase by almost one fifth year-on-year to reach the highest level in seven years.
The latest figures for Jersey’s finance industry, collated by the Jersey Financial Services Commission (JFSC) for the period ending December 2014, show that the net asset value (NAV) of funds under administration in Jersey grew by GBP23.5bn over the final quarter of last year to now stand at GBP228.9bn, representing an increase of 19% compared to December 2013 and the highest level since December 2008. In addition,
Activist hedge funds globally are driving improvements in the share price, operating performance and governance of the companies in which they invest, according to a new paper by AIMA.
The findings are contained in a paper, titled “Unlocking Value: The Positive Role of Activist Hedge Funds”, which AIMA has produced in conjunction with the law firm Simmons & Simmons.
The report finds that:
• Activist engagement by hedge funds is positively correlated to improvements in the share price and operating performance of targeted companies.
• Activist hedge funds seek higher standards of corporate governance from the companies in which
The Board of Directors of ALTIN AG has set the strike price of the put options to be issued as part of its share buyback programme at USD64.
The strike price is set at a 13.6% premium above the closing share price on SIX Swiss Exchange on 23 February 2015.
Each share will receive 1 put option and 10 put options will entitle the holder to sell 1 ALTIN share at the exercise price (strike price) of USD 64 to ALTIN.
The ex-date for the put options is 27 February 2015, the date when the put options will
An innovative new platform has emerged in Pfaffikon, Switzerland that could potentially revolutionise the way investors gain access to global hedge fund managers. The platform is called Fundbase and is the brainchild of Michael Appenzeller (pictured), its co-founder and president.
“Qualified investors will have to look for alternative investments in an unprecedented investment environment. Today they very poorly advised. We are providing a gateway for these investors. With Fundbase, we feel we are at the forefront of keeping the Swiss market open for global hedge funds,” comments Appenzeller.
Fundbase Fund Services AG is the first FINMA regulated online platform to
“This is not another AIFMD regulation. It is much simpler, much cheaper and fairly easy to implement,” states Roman Pelka (pictured), founder of Montfort Funds, a specialist provider of Swiss fund representation services, when discussing the need to appoint a legal representative.
“The transition period provided to foreign funds to get compliant will end on the 1st of March. Thereafter there will be no way around it, except reverse solicitation but this is not really a viable option for most.”
The role of the representative is first to review the fund to ensure it is fit for distribution to qualified
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