Solutions
Fund administration for the alternatives industry is approaching a tipping point, with mounting industry headwinds leading many fund managers to outsource middle-and-back office processes to achieve greater operational efficiency and scalability.
That’s according to Citco’s Spring Industry Spotlight, which identifies the most significant issues and trends within the asset services industry for the year ahead in the following sectors: private equity, tax, real estate, hedge funds and private debt.
Private Equity: The greatest growth over the past several years has been in real assets – primarily from private equity and real estate funds. While investor allocations to these asset
Options, a provider of global market data and colocation services for trading firms, has launched a high performance managed colocation solution at Nasdaq Stockholm.
The new service will enable colocated clients to avail of low latency connectivity to the exchange’s Nordic feeds directly at source at its Vasby data centre.
Nasdaq Nordic owns and operates exchanges in Denmark, Finland, Iceland, Sweden and Norway. All regions are served from its primary trading data center in Stockholm.
With the availability of Nasdaq Stockholm, the Options platform today offers colocation services at 20 key trading hubs across Europe, North America and
Active asset manager J O Hambro Capital Management (JOHCM) has selected FactSet as its investment risk management and reporting solution.
FactSet has been expanding its multi-asset class solutions for more than 20 years. With the recent launch of FactSet’s linear risk model and the integration of the fat tail approach acquired through the recent acquisition of BISAM, it now believes it has one of the strongest multi-asset class analytics, performance, and risk management offerings in the industry.
“JOHCM chose FactSet’s multi-asset class risk package because it provides a comprehensive, flexible, and competitively-priced way to monitor factor sensitivity in portfolios
The Securities and Exchange Commission has charged a former bitcoin-denominated platform and its operator with operating an unregistered securities exchange and defrauding users.
The SEC has also charged the operator with making false and misleading statements in connection with an unregistered offering of securities.
The SEC alleges that BitFunder and its founder Jon E Montroll operated BitFunder as an unregistered online securities exchange and defrauded exchange users by misappropriating their bitcoins and failing to disclose a cyberattack on BitFunder’s system that resulted in the theft of more than 6,000 bitcoins. The SEC also alleges that Montroll sold unregistered securities
End to end systematic trading solutions firm, QuantHouse, has added Jane Street Financial’s systematic internaliser (SI) to its qh API Ecosystem.
Liquidity provider Jane Street trades USD5.6 trillion across equities, ETFs and options. The firm commits its own capital and uses its global footprint to help institutions trade with consistently tight spreads.
Jane Street is registered to price a broad range of European equities and ETFs via platforms that suit client workflows – including RFQ and Jane Street’s SI. Through its SI, Jane Street offers liquidity for more than 2,000 single stocks from the Cboe Europe universe, with a focus
Confluence is teaming with ICE Data Services to help asset managers meet their compliance obligations with respect to SEC Modernization and other regulatory reporting requirements.
With the implementation of SEC Modernization, the increased frequency and depth of reporting required by Form N-PORT and Form N-CEN present asset management professionals with unprecedented challenges to their back-office operations. This relationship between ICE Data Services and Confluence will provide asset managers with the required content, data management and reporting capabilities to help meet their compliance needs, with Confluence providing the RegTech data management and reporting solution and ICE providing financial market data and
Brightway Asset Management Limited (Brightway), an indirect wholly owned subsidiary of China Minmetals Corporation (CMC), principally engaged in asset management, has appointed SS&C GlobeOp as its fund administrator.
Brightway says the selection of SS&C GlobeOp was based on the platform’s strong functionality, ability to manage both fund administration and risk management and to handle a broad range of funds. Brightway was impressed by SS&C’s extensive suite of solutions and services coupled with the client-centric team able to provide strong onshore support.
Ken Peng, CIO, Brightway, says: “Our firm has funds with complex structures and rules so SS&C’s ability
Digital consulting company SoftServe is partnering with Adjoint, a developer of distributed ledger technology, to accelerate automation through smart contracts and improve transactional privacy and security through blockchain in the financial and commodities industries.
Adjoint’s Uplink is an open source platform designed to enable enterprises in the financial sector, from banking and capital markets to insurance, asset management, and commodities trading; to quickly deploy, maintain, verify and execute smart contracts globally on a private, permissioned distributed ledger.
SoftServe will work with Adjoint to specifically help customers assimilate and on-board the Uplink platform effectively. SoftServe will tap into its deep technical
The US Commodity Futures Trading Commission (CFTC) and the UK’s Financial Conduct Authority (FCA) are to collaborate and support innovative firms through each other’s financial technology (FinTech) initiatives – LabCFTC and FCA Innovate.
“The FCA’s Project Innovate is the gold standard for thoughtful regulatory engagement with emerging technological innovation,” says CFTC Chairman J Christopher Giancarlo (pictured). Therefore, I am delighted to join Andrew Bailey in this arrangement to demonstrate our cross-Atlantic commitment to facilitating market-enhancing innovation and sharing best practices in FinTech engagement. This is the first FinTech innovation arrangement for the CFTC with a non-US counterpart. We believe that
Investment funds can now take advantage of a new limited partnership regime following the passing of the Limited Partnership Act in the British Virgin Islands (BVI).
The Act is designed to provide all the typical benefits of limiting liability, as well as a number of unique features.
Over recent years, limited partnerships have become a preferred structure for investment funds and are frequently used as a vehicle for private equity funds and joint ventures. This is because it enables investors who do not want to play an active role in managing the fund to limit their liability. Instead, the
