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Vantage Software has launched the Visual Pipeline Dashboard on its Insight reporting and analysis tool.
The Vantage Insight reporting and analysis platform provides the alternative investment industry with a management dashboard and data warehouse tool.
The Visual Pipeline aims to better support the development efforts of investor relations, deal and executive management teams. A single glance provides an understanding of deal and fundraising efforts, both how they are progressing over time as well as by characteristics such as industry, team member or region.
"Vantage Insight provides private equity executives with the ability to better understand team focus and manage results,"
Syncova, a provider of margin and financing solutions to hedge funds and prime brokers, has signed hedge fund Platinum Partners Value Arbitrage Fund as a new client for its Syncova Optima platform.
Founded by Mark Nordlicht in 2003 and managed by Platinum Management (NY), Platinum Partners Value Arbitrage Fund is a multi-strategy hedge fund based in New York.
Platinum Partners has chosen to deploy Syncova’s Optima platform, a margin and finance calculation engine that provides transparent and wide-ranging reporting. Optima enables hedge funds to calculate their expected margin requirement, reconcile and control differences, and attribute margin requirements to internal
Meridian Global Fund Services Group, a fund administrator, has implemented Fascet Balance and Fascet Conduit solutions for its enterprise data management.
Meridian Global Fund Services now has data normalisation and business process management solutions and the ability to automate the process of transaction matching and account reconciliation.
“Our implementation of the Fascet solutions for fund administrators has significantly increased the functionality of our back office and provides more efficiency in daily and monthly processing for our investment management clients,” says Tom Davis, chief executive Meridian Global Fund Services. “The complexity of our growing client base demanded a solution that allowed
Bank of America Merrill Lynch has launched its commodity alpha and beta family of Ucits III funds: the MLCX Commodity Enhanced Beta Fund; the MLCX Agriculture Optimal Crop Fund; and the MLCX Commodity Alpha Fund.
Forming part of the Bank of America Merrill Lynch Invest platform, all three Ucits-compliant funds offer solutions for commodity investors looking to achieve beta and/or alpha exposure to commodity markets.
The funds track underlying indices created by BofA Merrill Lynch Global Research.
The MLCX Commodity Enhanced Beta Fund and MLCX Agriculture Optimal Crop Fund offer investors a long only diversified exposure to commodity markets with
Agecroft Partners predicts that pension plans will significantly increase their exposure to mid-sized hedge funds over the next ten years.
The firm says the pension fund industry is in the process of a major evolution in its use of hedge funds that has implications on what per cent of their portfolio they allocate to hedge funds and how they achieve their hedge fund exposure, which will have profound implications for mid-sized fund managers.
The pension fund industry has a very glacial approach to changes in asset allocation which can take a couple decades to fully implement across the industry. Although
Vastardis Capital Services has adopted Geneva, Advent Software’s portfolio management and fund accounting solution, to support its fund of funds business.
Vastardis was one of the earliest adopters of Geneva 8.0, the latest version of the product which includes portfolio management capabilities, integration to counterparties and data providers, and access to real-time data.
Vastardis is a fund administrator headquartered in New York with offices in Toronto and Singapore. The firm has approximately USD20bn in assets under administration. More than 75 per cent of assets administered by Vastardis are from fund of funds managers.
John Stefankiewicz, partner and chief operating officer
Susan Clark has joined Heritage International Fund Managers as head of fund administration, responsible for the delivery of the company’s fund administration services as well as coordinating growth overseas.
Clark has nearly 30 years’ experience working in the funds industry, most recently as head of funds services and executive director for fund administration at BNP Paribas Securities Services in Jersey where she worked for 16 years throughout various acquisitions.
Clark has held a number of positions on various trade bodies including a period as vice-chairman of the Jersey Funds Association. A Chartered Fellow of the Chartered Institute for Securities &
Abraham Merchant and Kenneth Kuhn, managing directors of Global Capital Investments, have launched the Iraq Fund.
The fund will invest primarily in listed equities of the Iraq Stock Exchange and up to 20 per cent of its assets in private, less liquid, early-stage investment opportunities that focus on Iraq’s infrastructure and natural resources.
Merchant and Kuhn say recent trends in Iraq make the petroleum-rich country a compelling investment opportunity.
“As Iraq’s economy transitions, it is in the process of adopting legal and regulatory reforms that will make its financial markets more attractive to outside investors,” says Merchant. “Interest rates have
TradeStation Prime Services, a division of Tradestation Securities, has added John Kenealy to its prime services team.
Kenealy will serve as vice president of TradeStation Prime Services and he will be head of the Chicago office.
He has more than 15 years of sales and brokerage experience. He joined TradeStation Securities in October 2001 as a sales representative and has held several supervisory and management positions. Kenealy most recently served as director of active trader sales for TradeStation.
“John’s unique background in brokerage sales, as well as his thorough understanding of the TradeStation platform and related trading technology, will complement
The UK asset management industry needs to considerably ramp up its plans for responding to the Alternative Investment Fund Managers Directive as only two per cent of the industry currently has a plan in place that is being implemented.
According to a recent poll by PricewaterhouseCoopers of 186 senior industry figures from the hedge fund, private equity and real estate sectors, only 16 per cent have set up a dedicated working group to consider the implications and formulate how they should respond.
The poll also revealed that 41 per cent of respondents expect the AIFMD to result in increased management
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