Solutions
eFront, a software provider of financial solutions for managing alternative investments, has extended its partnership with international technology consulting firm Methys, naming it the integrator for all eFront solutions in Africa.
The two companies will build on the partnership’s successes implementing eFront solutions throughout Africa to bring regional customers technologies, market leadership, local expertise, hosting and value-added services.
eFront began its partnership with South Africa-based Methys in 2012 and, during that time, the two companies have collaborated on seven projects in South Africa and throughout the continent.
“eFront and Methys have a long professional history together, based on
Pershing Square Holdings (PSH), a closed end fund that is an active investor and owner of large minority stakes in North American, large-capitalisation public companies, has listed on Euronext’s Amsterdam market.
PSH was listed through the admission to trading of 250,253,351 public shares on Euronext Amsterdam.
The admission of these shares follows a USD2,73 billion placement of new shares issued by Pershing Square Holdings Ltd to non-US institutional and professional investors. The placement may raise capital of up to USD3 billion if the over-allotment option is exercised. The admission and issue price of Pershing Square Holdings Ltd shares was set
Start-up alternative investment management firm BlueHive Capital has selected Northern Trust to provide specialist hedge fund administration services and middle office outsourcing for its newly launched fund.
As part of the broad mandate, Northern Trust will also provide depositary services.
“We selected Northern Trust Hedge Fund Services for its industry-leading technology and commitment to transparency,” says Sebastien Boucher, chief investment officer and founder of BlueHive Capital. “Whether it’s providing more transparency to investors or complying with regulatory requirements, the demand for data is growing and Northern Trust’s innovative technology solutions help us to meet those demands.”
Based in
Liquid Holdings Group has started rolling out the beta version of LiquidMobile, an app that allows hedge fund managers secure access to real-time risk, performance, P&L and shadow NAV platform via mobile devices.
LiquidMobile, which is currently being offered to select users of the Liquid platform, provides mobile-optimised dashboards, investor reporting and portfolio management capabilities on the go.
“Mobile matters for fund managers who are truly going to compete in today’s 24/7 environment. With fund manager-client relationships more delicate than ever before due to the volatility in the markets, it is imperative for managers to have in-person dialogue with
SS&C Technologies has launched an integrated front- to back-office technology platform for hedge funds.
The end-to-end offering features an order management system (OMS), including trading and execution management tools, real-time P&L, FIX connectivity, mobile app access to performance information, dedicated service and hosting facilities.
Long-term fund administration customer HITE Hedge Asset Management LLC recently went live with the integrated front- to back-office solution.
James Conant, chief financial and compliance officer, HITE Hedge Asset Management, says: “With SS&C as our trusted administrator, it made sense to look to them to provide a fully integrated solution for us to build
Netagio, the first British bitcoin, gold and sterling exchange, has launched an Application Programming Interface (API) which aims to help institutional investors automate their usage of the exchange.
Institutional investors can now programme their execution management systems (EMS) and order management systems (OMS) and fully automate their trading on the exchange.
The API will provide brokers/dealers with faster electronic market connectivity, allowing both sophisticated and professional retail customers and institutional investors to trade 24 hours a day, seven days a week.
The Netagio API enables investors to trade bitcoins for GBP or gold, view open orders, cancel orders
The Tel Aviv Stock Exchange (TASE) board of directors has approved the launch of derivatives (options and futures) on the TA-100 index.
The new derivatives join existing products on a number of underlying assets – the TA-25 index, the TA-Banks index, the ILS/USD exchange rate, the ILS/Euro exchange rate, and 10 individual stocks included in the TA-100 index.
The derivatives on the TA-100 index are scheduled to begin trading on 29 January 2015.
Robby Goldenberg, senior vice president and head of the trading, derivatives and indices department, says: “The launch of derivatives on the TA-100 index constitutes a
By Derek Adler (pictured), IFINA – There are many questions being asked by Investment Managers (IMs) today and relatively few satisfactory answers available. For many years IMs have merely had to satisfy the regulatory requirements of the chosen jurisdiction and with limited restrictions have been able to go about their business without too much difficulty.
Along comes the financial crisis in the mid noughties and the situation changed quite dramatically. As always, the pendulum swings from one extreme to the other but in this case the pendulum had clearly not reached its extreme, as several draconian rules were brought out
With the Alternative Investment Fund Managers Directive (AIFMD) which came in force last July 22, together with the introduction of the European Market Infrastructure Regime (EMIR) and Foreign Account Tax Compliance Act (FATCA), fund administrators are facing big challenges in terms of getting up to speed on the full ramifications of these directives.
AIFMD and EMIR in Europe represent opportunities to administrators whose level of preparedness is such that, through the identification and implementation of multiple reporting options, places themselves at the forefront to increase their revenue streams. With the right technology solutions, reports can be generated and validated to meet
The official grandfathering period of the AIFMD only ended this July so assessing how different jurisdictions and their fund industry networks are adjusting to the new challenge is a little too early to call. Nevertheless, as burdensome as the Directive is for managers, it is at least pushing service providers to further extend their solution sets; whether that be from a regulatory reporting perspective, providing depositary services to AIFs – both onshore and offshore – or simply providing platform capabilities to allow new managers to feel their way; to get up and running without incurring the full cost and glare
