Solutions
BISYS Group this week issued an update on the ongoing SEC investigations into its mutual fund services business.
The company stated that the SEC’s investigation re
Europe’s second-largest insurer Axa and French bank BNP Paribas are launching the first exchange-traded fund to track a commodity index.
Axa and BNP started a joint
An overwhelming 99 per cent of the votes were cast in favour of the Chicago Board of Trade’s restructuring proposal, which involves demutualization.
Acceptance of t
Eurex is set to launch options on the Dutch equities Royal P&O Nedlloyd N.V., Vedior N.V. and Versatel Telecom International N.V.
GFIA has launched FundHub, a web-based research service providing allocators with independent reports on Asian and Latin American hedge funds.
FundHub
The first of a six-part guide by Dermot S.L. Butler, Chairman of Custom House Administration & Corporate Services Limited (Custom House).
1. What is Administration?
“Administration”, in the context of Alternative Investment and Hedge Funds means, in effect, the management of the Fund in virtually all aspects of the day-to-day operations of the Fund, except the actual investment of the assets, which is the responsibility of the Investment Manager.
In this role, the Administrator is always answerable to the Board of Directors or Trustees of the Fund and does not have any actual management control.
In simple terms, an Administrator
Markit has launched a Present Value (“PV”) Service to provide a swift and accurate Net Asset Value (“NAV”) of credit derivative portfolios.
Markit is the industry s
Alternative investment fund assets (primarily hedge funds) in Luxembourg more than doubled to reach USD 18.7 billion for the year ended 31 December 2004.
Fitzrovia’
Roger le Tissier, Partner, Ogier, outlines the benefits of Guernsey’s QIF regime
The introduction of a streamlined approval process for open- and closed-ended funds
Northern Trust Corporation has competed its acquisition of Baring Asset Management’s Financial Services Group (FSG) from ING Group N.V.
William A. Osborn, Chairman and Chief Executive Officer, Northern Trust Corporation, said: “With the closing of this acquisition, we will enhance our ability to serve our existing global fund manager clients, as well as attract new clients, with a stronger and broader set of capabilities.”
He added: “The FSG business strategically complements Northern Trust’s existing fund services capabilities in London, Dublin and Luxembourg, and our growing back and middle office outsourcing capabilities. We are also benefiting from the addition of the
