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JP Morgan Worldwide Securities Services (WSS) has launch the Fund Reporting and Media Exchange Site (FRaMES), which provides Mutual Fund Administration regulatory services clients with real-time access to a secure, collaborative work environment for fund administration activities.
The FRaMES portal is the newest component of JP Morgan ACCESSsm, the firm’s web-based platform for multiple information, compliance and portfolio management applications.
FRaMES provides real-time document sharing, including uploading and download functions, as well as online delivery capabilities and data archives for board books and records. In addition to document management, FRaMES houses proprietary research, online tools and client-specific links to
Empaxis, a provider of operational services and support for asset managers and prime brokerage firms running Advent applications, has launched its Overnight Process Monitoring (OPM) system for hedge funds and other investment advisory firms.
Empaxis’ system is specifically designed to actively monitor and validate all processes for firms that are running Axys, APX and Geneva applications as well as other systems. It ensures that all systems are diligently monitored overnight, validated as successful or unsuccessful, proactively worked on if they fail, and seamlessly handed off directly to clients or third-party vendors before the start of the following business day.
Eliminating
2012 was a promising start for alternative UCITS funds with the UCITS Alternative Index Global gaining 1.37 per cent having fallen 3.64 per cent in 2011.
A new fund which aims to give clients access to both GAM’s investment management expertise and Barclays Capital’s quantitative stra
Total assets in Irish-domiciled funds have exceeded EUR1trillion, an all-time high, reflecting what Gary Palmer (pictured), Chief Executive of the Irish Funds Industry Association (IFIA)
Eurex is planning to launch a completely new trading system. Subject to the required legal approvals, first roll-out is currently scheduled for December 2012, followed by a migration phase, where products will be moved in a stepwise approach from the current to the new trading system.
It will be developed internally and based on Deutsche Börse Group’s proprietary global trading architecture, which is already in use at the International Securities Exchange (ISE).
Participants of Eurex will benefit from state-of-the-art technology which is built on the four pillars performance, efficiency, capacity, and reliability. The new technology will meet user needs by
Virogen Inc, a holding company specialising in data security and encryption technology, is in discussions with a European hedge fund to secure long term financing for the commercialisation of its products and services worldwide.
Negotiations are ongoing in the development of a term sheet; however, the general parameters of the financing package have been discussed and agreed to in principal by both parties. Virogen will use the proceeds from this financing to assist the company in its worldwide expansion and acquisition of contracts that the company believes can generate millions in revenue. Management believes that multinational corporations and governments worldwide
The shipping sector is looking to new sources of finance in place of bank funding, according to survey by international legal practice Norton Rose Group.
While 43% of respondents said that they expect their primary source of funding will continue to come from bank debt over the next two years, 31% said that they expect this would come from private equity and 18% from export credit agencies.
Some 42% of respondents to the Norton Rose Group survey believe that a lack of available funding poses the greatest threat to the stability of their business and 40% say that the cost
NYSE Euronext (NYX) has reported net income of USD110 million, or USD0.43 per diluted share, for the fourth quarter of 2011, compared to net income of USD135 million, or USD0.51 per diluted share, for the fourth quarter of 2010.
Results for the fourth quarter of 2011 and 2010 include USD46 million and USD18 million, respectively, of pre-tax merger expenses and exit costs. Fourth quarter 2011 results also include a net pre-tax charge of USD25 million related to the settlement of a tax matter with French authorities related to BlueNext, a joint venture with Caisse des Depots.
The USD46 million in merger
Ashmore Group plc has appointed Simon Fraser to the Board as a Non Executive Director effective 10 February 2012.
There are no further details required to be disclosed pursuant to Listing Rule 9.6.13 in connection with his appointment.
Simon Fraser is a non executive director of Barclays Bank plc and Barclays plc, Chairman of Foreign & Colonial Investment Trust plc, The Merchants Trust plc and a non executive director of Fidelity European Values Plc and Fidelity Japanese Values Plc.
