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Toscafund, the multi asset fund management group, has become the leading shareholder in VoxSmart, the communications surveillance software provider, by investing USD25 million of growth capital to enable the business to continue its rapid growth trajectory.
This is the seventh investment that Toscafund has made in high-growth European financial services businesses since 2018 and brings the total the firm has invested in the sector to more than USD700 million. Recent investments include Plurimi Wealth and Socium in the UK, LIQID and Elinvar in Germany, Caravela in Portugal, and Lemonway in France. Toscafund is a specialist investor in this space, where
Electra Information Systems, (Electra), a provider of post-trade solutions for the buy-side investment management industry, is enhancing its global infrastructure and staffing to expand reconciliation processing capacity and support for its growing client base throughout the UK, Europe and the Asia-Pacific region.
Electra has made several infrastructure enhancements to maximise solution performance and support. By adding data centres in Sydney, Australia and Frankfurt, Germany, plus a centre in Ireland to be added later this year, Electra has expanded reconciliation processing capacity in multiple regions while enabling investment management firms in the UK and Europe to comply with the General Data
By Robert Quartly-Janeiro – There is a lot of talk about ESG. It dominates column inches and pitch decks at levels unimaginable only a decade ago. The need for companies to adopt and integrate ESG is imperative if environmental issues – the hardest and most important component – are to be resolved in the coming decades and a mass extinction avoided.
State Street Corporation has appointed Vincent Georgel-O’Reilly as regional segment head for alternatives in Europe, the Middle East and Africa (EMEA).
In this new role, O’Reilly covers hedge funds and private markets and is responsible for advancing the investment services strategic direction, product structuring, sales and operations in EMEA. He reports to Paul Fleming, global head of alternatives and Joerg Ambrosius, chief executive officer of EMEA.
State Street has a strong history of innovation in the alternatives industry and is committed to supporting alternatives clients with best-in-class expertise, processes and technology. O’Reilly will work closely with Fleming and Ambrosius, to
ICA, a Paris-based fintech that helps help banks, financial institutions, hedge funds and asset managers tackle their data challenges, at scale, has rebranded as Opensee.
Read the full story at Institutional Asset Manager…
BTON Financial, an independent provider of broker-neutral dealing desk technology for investment managers, has appointed electronic trading expert, Ray Tierney, as a Non-Executive Director.
Tierney will play a key role in shaping the direction of the company and expanding BTON Financial’s US footprint and plans to bring its technology and data-driven dealing desk solution to the global investment management community en masse.
Investment managers are increasingly looking to electronification and workflow automation to generate returns for end investors, while meeting increasing regulatory obligations and dealing with profit margin compression. By using BTON Financial’s independent, broker-neutral insourced dealing desk technology, investment
The SS&C GlobeOp Forward Redemption Indicator for March 2021 measured 2.49 per cent, up from 2.37 per cent in February.
“SS&C GlobeOp’s Forward Redemption Indicator of 2.49 per cent for March 2021 reflects a favourable level of redemptions compared to the 3.11 per cent reported for March 2020, as well as compared to longer-term averages,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
“In fact, the 2.49 per cent level of redemptions for March 2021 marks the ninth consecutive month of improved year-over-year comparisons. The strong trend in hedge fund asset retention observed throughout the past year remains firmly
Two Sigma has appointed Tom Hill to the newly created role of Chairman of Two Sigma’s private investment business, which includes Two Sigma Impact, Two Sigma Ventures and Sightway Capital.
The Alternative Reference Rates Committee (ARRC) has selected Refinitiv, an LSEG (London Stock Exchange Group) business, to publish its recommended spread adjustments and spread-adjusted rates for cash products, following a robust request for proposals (RFP) process.
The world’s first causal AI platform, created by deep-tech scaleup causaLens, is being leveraged by financial services companies, including Aviva Investors, 2IQ, TIAA, CLS Group and a raft of prominent hedge funds), to automatically extract valuable causal insights from financial data and therefore boost the profitability of their trading strategies.
Read the full story at Institutional Asset Manager…
