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Fund services provider Maples Finance is using Geneva, Advent Software’s portfolio management and fund accounting solution, to capitalise on the growing demand for managed account administration services among institutional investors.
Geneva will serve as the firm’s platform for servicing multiple managed accounts and managers on behalf of investors.
Maples Finance originally implemented Advent’s Geneva to support its global fund administration business.
The technology enables Maples to expand its client base beyond hedge fund managers and service institutional investors directly.
"Hedge fund managed accounts can be quite complex in terms of security types, trade volume and fund structure," says Tyler Kim
The financial services industry in the Cayman Islands has rejected claims by a US business group that low or no-tax jurisdictions hurt the US economy because they encourage tax evasion.
"The deliberate misrepresentation of lawful tax structuring as illegal tax evasion should be a source of real concern to the US Congress and the public it represents," Cayman Finance chairman Anthony Travers wrote in an open letter.
The US business group, called Business and Investors against Tax Haven Abuse, is endorsed by Senator Carl Levin. Levin was a co-author (along with then-Senator Barack Obama) of the Stop Tax Haven Abuse
The move by BlueCrest Capital Management, one of Europe’s largest hedge fund managers, to shift its headquarters from London to Guernsey has encouraged industry members who see signs that asset management activity in the island is set to grow.
They say active wealth management operations have been carried out in Guernsey for many years and the trend toward actually basing asset management there is being encouraged by increased regulatory scrutiny of the investment management business as well the island’s attractiveness as a jurisdiction.
“Serious businesses are being attracted to Guernsey, and as an island we should be enormously
Make sure you stay ahead of the game by attending the CISX International Business Summit where you can pose your questions to industry leaders.
Regulatory Reforms Post Financial Crisis
Tajinder Singh, Deputy Secretary General, International Organisation of Securities Commission, (IOSCO)
Diversification and Durable Portfolios Panel Session:
Anthony Hilton – Moderator
Jon Moulton, MD, Better Capital, LLP
Paul Wharton, Chief Investment Strategist, Deutsche Bank
Robert Parker, Senior Advisor, Credit Suisse
Repetition is Reputation
Helena Morrissey, CEO, Newton Investment Management
The Challenge of Change
Michael B Jackson, Corporate Marketing and Business Strategist
Risk Management
Dr James Chu, MD & Chief Investment Officer,
Luxembourg-based Alter Domus, which specialises in company setup/domiciliation in addition to providing outsourced fund a
Unlike 1Q10, the second quarter has seen the fortunes of Asian hedge funds reverse.
Credit Suisse have underscored the value they place on Japan with the appointment of Myo Schollum
Since the Monetary Authority of Singapore (MAS) proposed new rules that would permit small hedge funds (< SGD250 million AuM) not to have to be licensed, the numbe
The Depository Trust & Clearing Corporation has launched its Equity Derivatives Reporting Repository and has received Financial Services Authority approval for the DTCC Derivatives Repository subsidiary.
The building of the EDRR repository follows a competitive request for proposal process led by the International Swaps and Derivatives Association last year, and represents the industry’s efforts to strengthen its operational infrastructure and improve transparency across all major OTC derivatives asset classes.
All of the 14 global market dealers are now live on EDRR.
EDRR’s central registry will hold key position data, including product types, notional value, open trade positions, maturity and currency
