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Landbank of Taiwan, Mega International Commercial Bank and Bank of Taipei have appointed Calastone for the execution of offshore fund transactions via the Taiwan Depository Clearing Corporation (TDCC) fund order routing service.
TDCC official figures show Calastone now has 32 fund ranges connected through the TDCC, which is significantly more than any other service provider operating in Taiwan.
Higher fund coverage allows distributors selecting Calastone to immediately maximise their offshore fund automation rate, allowing them to drastically reduce their operational costs and risks while improving their service levels.
Calastone now handles over one million funds messages per month
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has expanded its application hosting service partnership network.
The Abacus partnership programme provides hedge fund and private equity firms with access to fully hosted and managed business applications on the AbacusFLEX private cloud platform.
By increasing its application hosting service, Abacus offers greater overall business and workflow efficiency to fund managers. Hosting applications in the private cloud also ensures better system resiliency, redundancy and data back-up capabilities, while providing support services from round-the-clock IT staff.
The AbacusFLEX private cloud platform enables funds to
BNY Mellon has launched a new service for fund managers that helps them identify, aggregate and manage the regulatory reporting requirements of the Alternative Investment Fund Manager’s Directive (AIFMD).
Under AIFMD, alternative investment fund managers (AIFMs) must file a specifically formatted report with their home member state’s supervisory authority, or national competent authority.
The report requirements are extensive and cover aspects of both the fund manager and the fund, such as investment strategies, exposures, portfolio concentration, total value of assets under management, principal markets and instruments in which investments are made, plus detailed information on the funds’ risk profile.
Ten out of 13 Lyxor Indices ended the month of November in positive territory, led by the CTA Long Term Index (+4.2 per cent), the L/S Equity Market Neutral Index (+1.7 per cent) and the CTA Short Term Index (+1.6 per cent).
The Lyxor Hedge Fund Index posted a positive performance close to one per cent in November (+5.8 per cent YTD).
Financial markets remained conducive to hedge funds in November. Macro data published over the month was mixed but monetary policy kept erring on the dovish side particularly in Europe where the ECB cut the refi rate. The
Equinox Financial Group, a provider of alternative investments, has consolidated multiple brand names under one corporate brand mark, "Equinox Funds”.
The company has also launched a new website platform and alternative investment education programme, effective 9 December 2013.
As part of the initiative all of Equinox's business affiliates, including Equinox Fund Management, Equinox Group Distributors, Equinox Financial Solutions and Equinox Institutional Asset Management, will fall under the Equinox Funds brand name umbrella.
Product names for certain mutual fund and commodity pool investments offered through Equinox Funds will also change, incorporating the Equinox brand as follows:
— MutualHedge
DealVector, a provider of a secure electronic communication network for the fixed income and structured credit space, has launched InvestorLink to streamline communication in the structured credit markets.
Created primarily for issuers, collateral managers and trustees, InvestorLink opens a direct communication channel between deal administrators and holders.
InvestorLink allows deal administrators, investors, lawyers and other affiliated parties to create asset-specific micro-sites to communicate with holders about an upcoming event. An InvestorLink micro-site allows the author to describe the event and actions required, make pertinent documents available for download, and create a customised URL for distribution through DTCC, Euroclear, Clearstream
Climate change and depletion of agricultural land are the most important factors driving investment returns from farmland, according to research by alternative asset manager Aquila Capital.
In the survey, both climate change and depletion of agricultural land leading to scarcity of supply were ranked equal first in terms of driving positive returns from farmland.
In third and fourth place respondents ranked demand for food from increasingly wealthy people and from the global population respectively.
Detlef Schoen, group head of farm investments at Aquila Capital, says: “There are powerful macro trends supporting farmland as an investment: every day, 30,000
Millions of previously hidden US stock trades will be revealed for the first time on 9 December thanks to research from a team of academics.
Previously odd lots, which are trades of less than 100 shares, have not been revealed on the publicly available ‘consolidated tape’, with only big investment banks and sophisticated computer-powered high-frequency traders paying to see them from individual exchanges. It was thought they were used only by small retail investors and so were not important.
But Chen Yao, of Warwick Business School, Maureen O’Hara, of Cornell University and Mao Ye, of University of Illinois, discovered that
With Guernsey’s new opt-in AIFMD equivalent regime effective from 2 January 2014, Fiona Le Poidevin, chief executive of Guernsey Finance, explores how the island offers optionality and substance to fund managers.
There is no escaping from the fact that the EU’s AIFMD presents one of the biggest regulatory challenges the European orientated investment management community has seen in recent times.
Indeed, the upcoming 12 to 18 months will prove pivotal in determining the implementation of the AIFMD and the implications for investment houses and their client bases, particularly as European Economic Area (EEA) member states begin to interpret the
The business of hedge funds is caught between rising costs and falling management fees, holding little profit for managers who do not perform.
That's one key finding from the second annual global survey of the economics of hedge funds in the just-released Citi Prime Finance 2013 Business Expense Benchmark Survey.
According to the survey, the traditional "two and 20" model of investment manager compensation – two per cent management fee and 20 per cent of the profits – has declined to fee levels as low as 1.58 per cent of assets under management for all but the largest managers.
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