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Fidelity Institutional has launched a new solution for accessing alternative investments.
Fidelity’s platform will provide research, education and third-party due diligence, as well as access to a wide range of alternative investment products for all Fidelity Institutional clients.
Financial advisors and family office professionals will now have access to a variety of alternative investment products, including hedge funds, private equity funds and ’40 Act mutual funds.
Fidelity’s platform will also provide access to research and third-party due diligence reports through strategic alliances with leaders in the space – including CAIS, Goldman Sachs Asset Management (GSAM) and Morningstar.
The Securities and Exchange Commission (SEC) has sanctioned three investment advisory firms for violating the “custody rule” that requires them to meet certain standards when maintaining custody of client funds or securities.
The majority of investment advisers do not maintain custody of client assets, which are instead held by qualified third-party custodians like a bank or broker-dealer. Investment advisers must comply with the custody rule if they have legal ownership or access to client assets or an arrangement permitting them to withdraw client assets.
The Commission amended the custody rule in 2010 to strengthen investor protections by requiring all
BNY Mellon has added to its line-up of risk and collateral management-related services with the launch of the Liquidity Aggregator, available through the company's Liquidity DIRECT portal.
"As markets expand globally, the need to analyse and quantify your portfolio return and liquidity risk is paramount. The Liquidity Aggregator offers clients a deeper view of exposure and risk, which is essential to managing their investments," says Kurt Woetzel, chief executive of BNY Mellon's Global Collateral Services (GCS) business.
"Nearly all financial transactions and commitments have liquidity implications," says Jonathan Spirgel, EVP and head of GCS sales and relationship management at
After a week in China's hinterland, Lead Portfolio Manager and Head of Hermes Emerging Markets Gary Greenberg, talks about how he saw every stage of development whilst on his travels…
We travelled on amazing five-star highways in remote areas, landed at almost empty but brand new regional airports and marvelled at a global power tool manufacturer's countless quality control labs. But we also endured a distressing level of air pollution, and toured the insalubrious central kitchen of a listed noodle chain (and then, inexplicably, sampled the food).
It would be disingenuous to claim that in five days we discovered things
Hedgez has launched a portal that takes a data driven approach to introducing high quality investors to appropriate hedge funds and other investments.
Hedgez targets, identifies and attracts accredited investors employing a series of media profiling techniques and an algorithmic scoring model to deliver qualified investing prospects to the participating hedge funds.
Profile information provided by the investors are matched to a continuously updated, highly detailed database of 6,000+ hedge funds. Investors can answer a series of anonymous profiling questions to have the Hedgez search engine identify the funds that fit their profile. Alternatively, prospective investors can manage their
Liquid Holdings Group, a cloud-based technology and managed services provider to the global hedge fund and active trading markets, has expanded its senior team.
Ralph Lafferty, formerly of Eze Software Group, joined as head of west coast sales, and financial services veteran Jim P Lee joined as chief administrative officer (CAO).
Based in the San Francisco Bay area, Lafferty will work with the growing community of hedge funds on the West Coast seeking a cost effective platform that requires no IT or operations footprint to run mission-critical aspects of their business such as trading, risk management, and reporting as
Signia Wealth has appointed Michael Rosenthal as head of hedge fund investment.
The appointment marks a key development in the hedge fund proposition from the entrepreneurially led boutique wealth manager. Rosenthal brings significant expertise and experience in the hedge fund asset class across the US, European, Asia Pacific and Japanese markets.
Rosenthal joins the firm from Amundi Asset Management, where he was global co-head of hedge fund investment and head of the firm’s London office. In the 10 years he was there assets under management grew from USD1.5bn to USD27bn with the business becoming one of the top five
Singapore Exchange (SGX) is introducing Asian foreign exchange (FX) futures for deliverable and non-deliverable Asian currencies from 11 November 2013.
Futures contracts for six currency pairs, AUD/USD, AUD/JPY, USD/SGD, INR/USD, KRW/USD and KRW/JPY, will be launched initially.
SGX’s introduction of Asian FX futures is in line with global G20 regulatory reforms where all standardised OTC derivative contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties. The trading of FX derivatives on a regulated exchange platform will promote greater transparency, and better serve investment and risk management needs in the Asian time
The International Swaps and Derivatives Association (ISDA), the British Bankers Association (BBA), the Investment Management Association (IMA) and Markit have launched the EMIR Counterparty Classification Tool on ISDA Amend.
ISDA Amend is the online service from ISDA and Markit that facilitates compliance with certain European Market Infrastructure Regulation (EMIR) and other regulatory requirements.
EMIR is a European Union regulation that deals with, among other things: clearing over-the-counter (OTC) derivatives; mitigation of risks associated with uncleared OTC derivatives; and reporting of derivatives transactions to trade repositories. Tens of thousands of businesses outside the financial services industry rely on derivatives contracts
Apex Fund Services has become the first independent fund administrator to enter the Japanese market following the opening of its Tokyo office.
Via its Global Presence, Local Reach strategy and 34 international offices, Apex now will roll out and make available its entire range of fund administration services to fund managers located in Japan.
In addition to Japanese fund managers, Apex will also open up Japanese investment opportunities to overseas managers and investors who will be able to leverage Apex’s infrastructure to access the local market.
The Apex Japan office will be run by Hideki Hashiguchi. Prior to
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