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Ultimus Fund Solutions (Ultimus), an independent provider of full-service tech enabled fund administration, accounting, middle office and investor solutions to traditional and alternative fund managers, has launched an enhanced contingent NAV (net asset value) solution utilising FundGuard’s platform.
The FundGuard solution allows Ultimus to offer clients additional services to calculate real time contingent NAVs for their registered funds. Clients can also utilise the solution for shadow NAV monitoring as an oversight to the normal daily NAV calculation process.
Mandate activity among the largest institutional investors soared in 2021 across hedge funds, private equity, private credit, real estate and infrastructure, according to research commissioned by Vidrio Financial, a provider of software and integrated data services solutions for institutional alternative allocators globally.
The second annual Alternatives Watch Research Investor Compendium tracked in 2021 a total of $130bn in new capital across more than 900 individual institutional investor mandates of 50 of the top allocators to alternatives.
The report ranks the activity of some of the largest pension plan allocators by alternative asset class and provides a snapshot of some of
Maitland Fund Services has appointed Jacolene Otto as Head of Fund Services – Luxembourg, as of 1 April 2022.
The Luxembourg regulator, the CSSF, has approved Otto’s Day-to-Day Manager (DDM) responsibilities, which will include both regulatory and functional reporting lines.
Maitland was founded in Luxembourg in 1976 and has over nearly five decades built a first-class, solid reputation in the jurisdiction. The head count of Maitland Fund Services in Luxembourg is 25, all of whom will report to Ms Otto.
In addition, Otto has been appointed as Director on the Board of Maitland Luxembourg SA.
Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has achieved System and Organization Controls (SOC) 2 Type 1 compliance.
This certification reflects Drawbridge’s commitment to safeguarding critical client data while helping customers bolster their cyber defences in today’s evolving threat landscape.
The American Institute of Certified Public Accountants (AICPA) designed SOC 2 compliance assessments to ensure businesses display adequate data practices that safeguard data with proper security processes. The Type 1 certification reports on the controls placed into operation at a specific point in time and creates a solid path for working towards a
The Maples Group has been selected to support the Faros VCC, a diversified long/short equity strategy utilising an umbrella Variable Capital Company (VCC) structure with three sub-funds.
The Faros investment approach is driven by state-of-the-art dynamic artificial intelligence and machine-learning techniques for stock selection and aims to generate attractive risk-adjusted returns through a market neutral approach to portfolio construction.
Faros has been an early adopter of the VCC structure as a collective investment vehicle providing access to the Faros strategies, which closely follow the approach operated in a series of exclusive, separately managed, individual account structures for high-profile institutional investors.
DataBP, the data licensing and subscription management platform, has partnered with Deutsche Börse Group to implement a digital data licensing and management platform to streamline business operations and optimise the customer experience for its Market Data + Services (MD+S) business.
Deutsche Börse Group supports a global client base with market data and services through a broad and diverse network of distribution channels. The diversity and scale of Deutsche Börse’s data business is amongst the largest of global exchanges, requiring significant resources to support and maintain. DataBP’s platform provides Deutsche Börse with the opportunity to take systems and processes to the
Cryptocurrency exchange Bybit has expanded into crypto options trading, adding to its existing product line of perpetual futures contracts and expiration futures contracts.
Bybit’s new options trading offering is based on user feedback, representing an important step in developing another powerful tool for Bybit users. Upon launch, Bybit users will be able to trade USDC options and perpetuals through portfolio margin, which adopts a risk based model for experienced traders, including market makers and institutional clients, to increase fund utilisation based on the underlying price and volatility.
Muraari Vasudevan, former global head of trading at Vokus Capital Management has joined Bank of America’s Paris office as head of fixed income, currencies and commodities trading, according to a report by eFinancialCareers.
Around 80% of institutional investors believe that cryptocurrency investments are likely to overtake many traditional investment types and will see mainstream, even universal adoption, a major global survey has found.
The first Bitstamp Crypto Pulse survey — a new, comprehensive global survey analyzing trust and adoption in crypto around the world — has found 70% of institutions are very likely to recommend crypto as an asset class, while 71% of institutional respondents have “high trust” in crypto as an investment.
The data comes from a survey of more than 28,615 respondents — including 5,502 senior institutional investment strategy decision makers
Fast-growing hedge fund Verition Fund Management has moved to new offices in Manhattan, four times bigger than its previous premises.
The firm has taken 38,000 sq ft on the 35th floor at 245 Park Avenue, according to a report by Bloomberg.
The new office can accommodate up to 200 people providing enough space for Veriton’s recent and future growth.
