Latest News
After first reporting at the end of last year that Deutsche Bank was working with London-based Sloane Robinson to launch a UCITS version of the
- 26/06/2011
Butterfield Fulcrum, a leading fund administration company, is to increase its workforce in Dublin city centre to 100 people. The investment is supported by the Irish Government with the aid of IDA Ireland.
Butterfield Fulcrum initially established an operation in Ireland in 2009 and it has since experienced strong growth. At the time it envisaged the creation of 40 jobs, however, based on upward projections will now grow its Irish workforce to 100. The company has recently been taken over by leading fund industry executives in partnership with BV Investment Partners. Current activities undertaken in Dublin include fund administration, business
- 26/06/2011
Pershing LLC, a BNY Mellon company, has added Altegris, Invesco and TIAA-CREF funds to FundVest, its no-transaction fee mutual fund platform. It also expanded access to the current Invesco fund offering, including the legacy Van Kampen product line, which more than triples the overall offering in the Invesco fund family on the Pershing platform.
Mutual funds from these financial organisations are now available to Pershing’s introducing broker-dealer customers and the clients they serve, and to independent registered investment advisors and their clients through Pershing’s affiliate Pershing Advisor Solutions. FundVest allows investors to buy, sell or exchange load and no-load funds
- 26/06/2011
With the great and good of the global hedge fund community gathering at the annual Gaim International conference in Monaco this week, topics on everything from
- 26/06/2011
Pershing LLC’s prime brokerage division received the Best Prime Broker Award at the inaugural US Hedgeweek Awards ceremony in New York.
The winners of this year’s awards were determined by votes cast by Hedgeweek subscribers; which includes institutional investors, wealth advisors and managers.
Voters singled out Pershing Prime Services based on a diverse set of criteria including excellent client service, consistency and ease of doing business.
"It is an honour to be recognised by industry professionals for our leadership in the prime brokerage business," says Gerry Tamburro, managing director of Pershing Prime Services. "This recognition reflects our commitment to
- 26/06/2011
Hamid Parsa (pictured), Director of Sales/Business Development, Alceda Fund Management SA, assess the challenges posed by the introduction of the Key Investor Information Document (KIID)…
One of the key mandatory changes under the UCITS IV directive, which comes into force on 1st July 2011, is that the simplified prospectus is to be replaced by the Key Investor Information Document (KIID). Briefer, clearer and simpler than the simplified prospectus, the KIID aims to make it easier for investors to assess and compare UCITS funds.
The key driving force behind the introduction of this new document is the recognition that the
- 24/06/2011
Citigroup has hired Francesca De Bartolomeo as a Director, Head of Southern Europe Investor Sales for its Securities and Fund Services business within its Global Transaction Services unit.
Based in Luxembourg, reporting to Jose Longree, EMEA Head of Client Sales Management for Investors, De Bartolomeo will also be responsible for sourcing business from Latin America into EMEA in cooperation with Citi’s Latin American teams.
De Bartolomeo brings 15 years of experience in the funds industry. She joins from Caceis Investor Services where she was Head of Regional Coverage for Southern Europe and Latin America.
Richard Ernesti, Global Head
- 24/06/2011
The Securities and Exchange Commission, state regulators, and the Financial Industry Regulatory Authority (FINRA) announced today that Morgan Keegan & Company and Morgan Asset Management have agreed to pay USD200 million to settle fraud charges related to subprime mortgage-backed securities. Two Morgan Keegan employees also agreed to pay penalties for their alleged misconduct, including one who is now barred from the securities industry.
The Memphis-based firms, former portfolio manager James C Kelsoe Jr, and comptroller Joseph Thompson Weller were accused in an administrative proceeding last year of causing the false valuation of subprime mortgage-backed securities in five funds managed by Morgan
- 23/06/2011
Rothstein Kass has been named Best Accounting Firm in the first-ever Hedgeweek USA Awards at a ceremony on June 16, 2011. Hedgeweek, a Global Fund Media publication, hosted the event, honouring top-performing hedge fund managers and service providers in the industry.
Results were based on voting by Hedgeweek’s network of nearly 20,000 US-based subscribers, including institutional and high-net worth investors, as well as managers and other industry professionals at firms including fund administrators, prime brokers, custodians and advisors.
"The list of Hedgeweek USA Award winners features some of the finest hedge fund operations in existence – firms that are
- 23/06/2011
Asia is gearing up for its second largest hedge fund launch this year.
- 23/06/2011
Special Reports
FeatureD
- Intel
- May 17, 2024
- Intel
- May 16, 2024
- Intel
- May 15, 2024
- EVENT — NEW YORK
- May 14, 2024
- Intel
- May 14, 2024
- Intel
- May 13, 2024
- Intel
- May 10, 2024
- Intel
- May 9, 2024
