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Fund administrator SGGG Fexserv has selected the Linedata Mshare transfer agency solution to support its expanding business in Malta and complement its proprietary systems.
SGGG Fexserv has been established in Malta since 2008. Taking advantage of the island’s position as a growing administrative centre, the company has increased its client base of alternative investment funds to a wide extent requiring an enhanced transfer agency system in order to allow a wider range of scenarios, reflecting the diverse needs of alternative managers.
It also wanted a solution ready to meet changing industry and regulatory requirements where continuous product investment was important.
Six out of seven of IndexIQ’s Investable Hedge Fund Indices, its proprietary family of hedge fund replication and alternative beta indexes, produced negative returns in February.
IQ Hedge Fixed Income Arbitrage Beta was the only index to finish the month in positive territory with a return of 1.01 per cent.
The worst performer was the IQ Hedge Emerging Markets Beta Index, which was down 1.34 per cent.
Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge benchmark indexes were originally introduced on 30 March, 2007, and have been calculating live since that date.
With an eye firmly on national elections in 2014, the Indian government has delivered a populist budget aimed at securing the support of its core rural voters, while putting off more radical structural reform until later, says Avinash Vazirani (pictured), manager of the Jupiter India Fund and the Jupiter India Select Fund (Sicav)…
The budget was a missed opportunity. We saw large increases in funding for rural development projects and a rise in the farm budget3 but measures aimed at boosting domestic and international investment in the country were few and far between.
India’s Finance Minister P Chidambaram could have
Northern Trust has appointed Liam Butler as head of Northern Trust Hedge Fund Services in Europe.
“Since the establishment of Northern Trust Hedge Fund Services we have seen an increasing demand in particular for our middle office services across the globe,” says Peter Sanchez, global head of Northern Trust Hedge Fund Services. “In his new role, Liam will build on our 20 year-experience of hedge fund administration in the region and ensure we continue to support our clients’ with the most innovative, leading-edge technologies.”
Northern Trust Hedge Fund Services was established in 2011, following Northern Trust’s acquisition of Omnium from
Ogier Fiduciary Services has opened an office in Luxembourg.
The Ogier Group opened a boutique law firm in Luxembourg in 2012 and this latest development is in keeping with Ogier’s strategy to provide multi-jurisdictional services through a presence in each of the world’s key financial markets and across all time zones.
Paul Willing, chief executive officer for Ogier Fiduciary Services, says: "Establishing an office in Luxembourg is key to meeting our clients’ expectations in a period of challenging economic conditions and regulatory change, whilst expanding our presence into continental Europe."
Ogier Fiduciary Services in Luxembourg is headed up
The PrivateBank has selected Guggenheim Investment Advisory’s alternatives platform as its primary hedge fund platform provider.
The Guggenheim Alternatives Platform provides The PrivateBank with tools and guidance to invest in hedge funds on behalf of its clients.
Using the Guggenheim Alternatives Platform, The PrivateBank can build and implement customised hedge fund portfolios for its private client base. The platform provides access to Guggenheim’s menu of hedge fund managers, thematic guidance and support, along with online portfolio construction tools and a streamlined implementation process.
William Norris (pictured), chief investment officer for The PrivateBank, says: “We recognised Guggenheim’s distinct legacy and expertise
Eurex Clearing has expanded its suite of segregation services by offering a UK CASS-compliant Omnibus Clearing Model as an additional alternative.
The new service complements the existing models – the Individual Clearing Model (ICM) and the Elementary Clearing Model (ECM).
It allows UK-domiciled clearing members to use the segregation rules for client assets (CASS) of the Financial Services Authority (FSA) in respect of client margin collateral. Goldman Sachs was the first clearing member deploying the new service model for its clients. Further clearing members are preparing to use the new segregation service.
The new service keeps margin collateral of clients
For many investors, the mere thought of Japan as being a role model is ridiculous. Yet, a study of the impact of Japanese demographics and policy on its financial markets would have provided valuable insights for European investors, says Ad van Tiggelen, Senior Investment Specialist at ING Investment Management. After all, Europe is the next region in line where the effects of an ageing population will be felt. What can we learn from the Japanese experience?
Almost a year ago I also wrote a column on this subject. At the time I noted that the fast ageing population and relatively
The Morningstar MSCI Composite Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, rose 1.9 per cent in January and advanced 6.3 per cent for the trailing 12 months.
Almost all Morningstar MSCI hedge fund indexes rose in January, and the trailing 12 months showed declines in only the short bias and systematic trading categories.
“Reduced global economic and political uncertainty during January fuelled a broad increase in appetite for risky assets,” says Philip Guziec, alternative investing strategist at Morningstar. “Excluding the short biased category, all hedge fund strategies were up for
The IMS Group and HedgeOp Compliance, a regulatory services and compliance consultancy to the asset management and securities industry, have opened their first Asian office in Hong Kong.
The new office will provide the company’s blend of compliance consultancy, training and software across the region to support local and international firms in their efforts to manage the burden of increased extraterritorial and global regulation.
Hedge funds, wealth managers and other alternative investment managers engaged in the Asian markets will be able to take advantage of focused localised support and global reach.
Services include:
• Ongoing compliance consulting across regulatory
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