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Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds is to host Imagineer Technology Group’s Clienteer software platform in the AbacusFLEX private cloud environment.
The partnership allows AbacusFLEX clients to access the Clienteer CRM Platform, with the option to either be maintained internally or be hosted by Imagineer.
Clienteer affords fund managers the flexibility to centralise all of their contact, account and fund information along with Outlook integration.
Clients can send out personalised and watermarked email distributions, K1’s, run fund and account performance analytics and compliance reports. Managers who are on-the-go can
BNY Mellon has signed an agreement to acquire the remaining 65 per cent interest of HedgeMark International, a current affiliate and a provider of hedge fund managed account and risk analytic services.
The deal is expected to close in the second quarter, subject to regulatory approval. Financial terms of the transaction were not disclosed.
BNY Mellon has held a 35 per cent ownership stake in HedgeMark since 2011.
Founded in 2009 and headquartered New York, HedgeMark assists in the structuring, oversight and risk monitoring of hedge funds, specifically dedicated managed accounts.
"As institutional clients continue their shift
Global assets under management (AuM) will rise to around USD101.7trn by 2020 from a 2012 total of USD63.9trn, says a PwC report.
This represents a compound annual growth rate (CAGR) of nearly six per cent.
According to Asset Management 2020: A Brave New World, the majority of AuM will still be concentrated in North America in 2020 and will rise to USD49.4trn in 2020, up from USD33.2trn in 2012, representing a CAGR of 5.1 per cent.
However, assets under management in the SAAAME (South America, Asia, Africa, Middle East) economies are set to grow faster than in the
The US is stronger than many people think. There are three areas of the market that are particularly attractive right now – financials, manufacturing and technology, according to David Daglio (pictured), lead portfolio manager of The Boston Company US Opportunities Fund…
One thing that appears certain in this macroeconomic landscape is a shift to higher rates, which in turn is likely to spur a significant shift in the equity market, as policy can be inherently inefficient and crude. When the central bank attempted to bolster the beleaguered US housing market in the wake of Lehman Brothers’ collapse, capital flowed to
The Cayman Islands funds industry is living in a state of ‘suspended disbelief’ concerning its response to the Foreign Tax Compliance Act (FATCA), according to a new report from DMS Offshore Investment Services.
The DMS report says that as the rest of the world marches inexorably towards the implementation of FATCA on July 1 this year, several widely circulated myths are interfering with the timely preparation that Cayman Reporting Financial Institutions (CRFIs) should be making on their own behalf, for the benefit of their investors, to avoid the severe penalties for non-compliance that FATCA dictates.
To read more about what
Indonesia Commodity and Derivatives Exchange (ICDX), also known as PT Bursa Komoditi dan Derivatif Indonesia (BKDI), has signed a memorandum of understanding with Deutsche Börse backed Global Markets Exchange Group International (GMEX Group).
ICDX has also signed a memorandum of understanding with the European Commodity Clearing (ECC), the central clearing house for energy and related products in Europe. ECC is majority-owned by European Energy Exchange (EEX) which is part of Group Deutsche Börse.
The signing ceremony was attended by senior officials from ICDX, GMEX Group and Deutsche Börse in the presence of Muhammad Lutfi, Minister of Trade for Indonesia
The SS&C GlobeOp Forward Redemption Indicator for February 2014 measured 3.38 per cent, up from 2.67 per cent in January.
"Redemption requests increased slightly for the month, but remain consistent with the February historical averages," says Bill Stone, chairman and chief executive officer, SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the GlobeOp platform.
Forward redemptions as a percentage of
Imogen Dillon Hatcher is joining the S&P Capital IQ as chief commercial officer, effective 14 April.
In this newly-created role, Dillon Hatcher will lead S&P Capital IQ’s global sales, client services, marketing and research network activities.
“We are excited to have Imogen join our leadership team in this strategic new role,” says Lou Eccleston, president of S&P Capital IQ. “Her experience and industry knowledge will serve as a significant new resource to our commercial efforts as we continue to launch innovative solutions and grow our global business.”
Dillon Hatcher joins S&P Capital IQ from the London Stock Exchange,
Franklin Templeton Investments this week announced the launch of the Luxembourg-registered Franklin Euro Short Duration Bond Fund. London-based David Zahn, head of European Fixed Income and lead portfolio manager, and Rod MacPhee, research analyst and portfolio manager, Franklin Templeton Fixed Income Group, will manage the fund.
The new fund will seek to preserve capital and liquidity while pursuing the best opportunities across a variety of European high-quality-short duration sectors. It will invest primarily in short-dated fixed and floating-rate debt securities and debt obligations of corporate and sovereign issuers located within the Eurozone that are rated investment grade or, if unrated,
In late January 2014 the National Futures Association (NFA) announced to its membership they were: “…reviewing the current regulatory structure applicable to Commodity Pool Operator (“CPO”) and Commodity Trading Advisor (CTA) operations. In particular, NFA is looking at ways to strengthen the regulatory structure governing CPO operations to provide greater protection for customer funds… [and] exploring ways to ensure that CPOs and CTAs have sufficient assets to operate as a going concern.”
The NFA then solicited input from its membership (now the general public) regarding the concept of imposing a capital requirement on its CPO and CTA members for the first
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