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ORIX Investment Corporation (OIC) has selected SEI to provide a complete back- and middle-office outsourcing solution for the firm’s hedge-fund business.
OIC sought to outsource its back- and middle-office functions to gain greater operational efficiencies while focusing its internal resources on core client service and investment functions. The selection is the latest in a series of recent wins for SEI, further extending its leadership position in the investment-outsourcing space.
Under the agreement, SEI will provide OIC with a full range of middle- and back-office services including fund accounting and administration, trade processing and administration, investment accounting, investor reporting, risk
China is shrugging off the financial woes of Europe and the US and China’s long-term growth and economic prospects are positive, says Daniel Murray (pictured), Head of Global Research, EFG Asset Management…
Flexible monetary policy, encouraging intra-demographic shifts and a planned leadership transition will all contribute towards a balanced, growing economy. These long-term positives in China offset short-term difficulties. China has combated its inflation issue by raising the reserve requirements of the Central Bank forcing domestic lenders to increase the level of reserves. This has reduced the growth rate to a current 8.1% for the first quarter this year from
Seeding platform IMQubator has launched the IMQ Capital Introduction Network, a platform with its members connecting potential investors to the IMQubator funds through independent ‘agents’ – third party and private placement marketers.
The platform provides a system to its members to monitor the status of interaction between the IMQ Cap Intro members and the IMQubator funds.
Jeroen Tielman (pictured), CEO and Founder of IMQubator (IMQ), says: “This is part of our continuing effort to assist the IMQubator seeded funds with their business development, and in introducing the global institutional industry to the new generation of hedge funds, IMQ has taken
The Securities and Exchange Commission has charged two individuals who provided the biggest influx of investor funds into one of the largest-ever Ponzi schemes in South Florida.
The SEC alleges that George Levin and Frank Preve, who live in the Fort Lauderdale area, raised more than USD157 million from 173 investors in less than two years by issuing promissory notes from Levin’s company and interests in a private investment fund they operated. They used investor funds to purchase discounted legal settlements from former Florida attorney Scott Rothstein through his prominent law firm Rothstein Rosenfeldt and Adler PA. However, the settlements
“As we near the half-way mark, forward redemption requests remain lower on a month-to-month basis,” says Tony Glickman (pictured), global head of client solutions, GlobeOp Financial Services (LSE:GO.).
The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by the AuA at the beginning of the month for GlobeOp fund administration clients. Forward redemptions as a percentage of GlobeOp assets under administration have trended significantly lower since reaching a high of 19.27% in November 2008. The next publication date is June 25, 2012.
Published on the 15th business day
Horizon Cash Management has appointed Michael Markowitz as Chief Investment Officer.
Markowitz, who also holds the titles of executive vice president and partner, will be responsible for setting the overall investment strategy of the firm and for the oversight of all investment functions of the firm including trading, credit research and operational aspects of the trading desk.
Pauline Modjeski (pictured), president and executive managing partner, says: “Mike’s expertise and experience in the fixed income markets will be a huge advantage to the firm and a benefit to our clients. His addition to the executive management team is very exciting and
Newedge has appointed Nicole Wesch as Global Head of Media and Public Relations. Wesch is based in the company’s London office and is responsible for leading Newedge’s PR activities internationally.
She reports directly to Kevin Russell, Managing Director and Global Head Brand & Communications at Newedge, and will work closely with the company’s business line and regional leadership teams to further strengthen regional and global PR efforts.
Wesch joins from Natixis Global Asset Management in London, where she oversaw PR activities in Europe, Middle East and North Africa (MENA) and Asia. Prior to that, she headed the Asia-Pacific PR
Fiona Le Poidevin (pictured), Deputy Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry – explores how a range of factors, including listings capabilities, make Guernsey an attractive domicile for cleantech investment funds…
Distinguishing features of Guernsey’s 50-year old finance industry include its breadth and the ability to take the lead and build up expertise in providing niche products or services, such as captive insurance, private equity and infrastructure funds.
Guernsey Finance has now established a group which is specifically looking at how the banking, insurance and in particular the investment funds sector can capitalise
The Depository Trust & Clearing Corporation’s (DTCC) Global Trade Repository is to expand its operations into Singapore by establishing an Asian-based global data centre to ensure regulators have seamless access to data for systemic risk mitigation in over-the-counter (OTC) derivatives markets.
“We are dedicated to helping clients and regulators globally establish a strong operational infrastructure that brings greater transparency and risk mitigation to the OTC derivatives market,” says Michael Bodson (pictured), President and Chief Executive Officer-elect of DTCC. “Our global trade repository services have played an important role in providing the public and supervisory authorities worldwide with a complete
Pershing, a BNY Mellon company, has launched two new applications as part of its extensive Enterprise Collateral Management offering that automate the process of moving collateral between the custodian and Pershing Prime Services.
This service is available exclusively through Pershing’s NetX360, the company’s technology platform for fund managers and investment professionals.


Called PrimeConnect, the system provides unprecedented transparency and control of collateral selection and movements to hedge fund managers using BNY Mellon to hold unencumbered assets. PrimeConnect40 also offers unparalleled transparency and online collateral movement to ’40 Act fund managers using the tri-party structure to support alternative strategies. In these
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