Solutions
Maples Fund Services is celebrating a decade of ‘excellence and innovation’ as the firm marks the tenth anniversary of its formation in the Cayman Islands in 2005.
Maples Fund Services – a division of MaplesFS – now provides fund administration and accounting services to an international client base comprised of top tier financial institutions, fund managers, institutional investors and high net worth individuals, and operates in key onshore and offshore financial centres including Boston, the Cayman Islands, Dubai, Dublin, Hong Kong, Luxembourg, Montreal, New York and Singapore.
"This is a proud moment for our firm. I would like to thank all
Prior to the global financial crisis (GFC), risk management and reporting commonly formed part of the investment management function, says Max Hilton (pictured) of Clarus Risk.
Where risk staff report in to the portfolio management team, there is a potential conflict of interest within the application of risk policy and, as a result, the effective implementation of risk management. In the ‘low volatility, high return environment’ prevalent prior to the GFC, weak risk management structures were not tested and the concerns resulting from a portfolio manager being the sole arbiter of risk and reward less appreciated.
Investor interests
Following the
Years of history and painstaking development — component by component, some proprietary and some purchased — have shaped the operational frameworks that distinguish midsize to large hedge fund managers from each other. These substantial investments in back- and middle-office technologies — including general ledger, data warehousing, and shadow books and records — result in a level of business intelligence unique to each manager, says Viteos Fund Services…
Keep legacy systems
It is only natural after such time and effort that managers remain committed to their systems and processes. Nevertheless, as they reach their growth targets, their need for scalability drives
BATS Global Markets (BATS) has filed the “BATS Exclusive Listings Proposal” with the Securities and Exchange Commission, seeking to improve investors’ trading experience in thinly-traded securities.
Under the proposal, to be implemented at the company’s discretion, the BATS exchanges would no longer offer trading in thinly-traded stocks that maintain a primary listing on other US stock exchanges. The program would apply to issues with average daily trading volume (ADV) of less than 2,500 shares, encompassing about 700 US-listed securities, and would remain in effect for a given security until ADV exceeds 5,000 shares over a rolling 90-day period.
BATS CEO
TIG Advisors, an investment management firm with approximately USD3 billion in assets under management, has gone live with Eze Software Group’s investment suite.
TIG Advisors, which operates multiple investment strategies on its platform, has chosen Eze Software’s order management and portfolio management systems to manage its investment workflows and is in the process of adding Eze Software’s execution management system. TIG is one of 17 Eze Software clients to sign on for its full investment suite.
TIG Advisors now uses Eze Software Group to manage its entire trade workflow, from portfolio management to trade entry and execution. The firm’s
TMX Group is making important changes to its equity trading fee schedules that the firm hopes deliver significant benefits to the market.
TMX is proactively addressing industry concerns related to the maker-taker fee model through a measured rate reduction program for Toronto Stock Exchange, TSX Venture Exchange and TSX Alpha Exchange.
"TMX is leading the way with a market-driven solution that will address the issues head-on, while taking care to preserve Canada's competitiveness," says Kevan Cowan, President TSX Markets, Group Head of Equities, TMX Group. "Our maker-taker fee optimisation program is a continuation of our efforts to re-shape Canada's equities
Last month Perseus, the world’s leading managed services provider of high-speed connectivity across the trade lifecycle, announced a USD20.5 million investment by Goldman Sachs. The capital injection is a sign of the growing importance of technology specialists as global markets seek to use faster, more secure managed services.
“We were very grateful of Goldman Sachs’s investment backing. We’ve got 28 new markets to roll out to. We’ve already done so in three of them this year: Santiago, Johannesburg and Istanbul. The next tranche of growth is going to come from Shanghai, Taiwan, Mumbai, Sydney to name but a few,” comments
A number of leading European asset management firms have declared their intention to trade the Euro-denominated Interest Rate Swap Constant Maturity Futures (CMF) contracts on GMEX Exchange via their prime brokers.
These include Lyxor Asset Management and Old Mutual Global Investors.
Many firms on the buy-side are seeking a much lower margin alternative to plain vanilla OTC interest rate swaps for hedging given the increased capital requirements relating to central clearing and front loading rules. The GMEX CMF contracts are more closely aligned to the interest rate swap market than any other exchange product currently available.
Orders will be electronically
Alter Domus, a provider of fund and corporate services for alternative investment funds and multinational corporations, has been authorised by the Malta Financial Services Authority (MFSA) to act as a depositary.
Alter Domus has been issued with a Category 4b Investment Services Licence to act as a custodian in relation to the type of AIFs indicate in SLC1.03 of Part B IV of the Investment Services Rules for Investment Services Providers.
Alter Domus has launched a depositary service to support the alternative investments industry in meeting the new requirement for funds captured under the AIFM Directive to appoint an independent
Tim Thornton, Chief Data Officer, Mitsubishi UFJ Fund Services comments on the upcoming deadline for registration on the Cayman FATCA portal…
The upcoming 30 April deadline for registration on the Cayman FATCA portal is another milestone in the implementation of FATCA. The relatively short window from the portal being available, combined with the fact that the portal has been set up to handle both US and UK FATCA, means that it is vital managers are confident in their FATCA process, be it in house or outsourced.
The requirement for notification or authority letters to be prepared and filed where registration
