Risk analytics vendor Hanweck Associates will be getting $10 million in private equity financing and a large part of that debt and equity package will help fund the vendor’s exploration of innovations for margin and collateral optimization. A New York-based private equity firm, The Argentum Group has secured the financing and will have a cooperative… Read More >>
Advisors, Institutional Investors Diverge on Alternatives
A new survey by Barron’s and market research firm Morningstar has revealed some slippage between how financial advisors and large institutions view alternative investments, officials say. “Financial advisors are increasingly enthusiastic about alternatives just as institutions are becoming more cautious,” says Josh Charlson, chartered financial analyst (CFA), director of manager research for alternative strategies at… Read More >>
Private Equity Firms Beset by IT Woes: SunGard Report
The private equity industry sees some bright spots in its future, but higher-ups are clear-eyed about the difficulties “mounting pressure on fees, costs and the amount of information provided,” might pose going forward, according to a new survey out by financial software and systems vendor SunGard. The report, “Global Private Equity Report 2015: Insights, Relationships… Read More >>
SEC Slams KKR for ‘Broken Deal’ Expenses
The SEC is charging private equity firm Kohlberg Kravis Roberts & Co. (KKR) with misallocating “more than $17 million” in broker-dealer expenses via its flagship private equity funds, citing a breach of its fiduciary duty, officials say. KKR manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies,… Read More >>
Q&A: ‘The PDF Report is Dead for Private Equity’
Editor’s Note: FTF News spoke this week with Brendan Tyne, managing director, New York, of Augentius (U.S.) Inc., a private equity fund administrator, about the changing operational data demands of the private equity business. The new data demands are causing Tyne to declare that the era of the PDF is dead. Q: How certain are… Read More >>
Q&A with UBS: ‘Things are moving beyond Excel’
Mike Dickey, director, product deployment, UBS Fund Services, spoke to FTF News about UBS Fund Services’ recent news that it has deployed SunGard’s Investran Insight. The installation will yield a portal that integrates the client web portal, dubbed the UBS Fund Services Online. In addition, UBS clients and their limited partners will have access to… Read More >>
New SS&C GlobeOp Unit Tackles Hybrid Funds
SS&C Technologies, a provider of front, middle, and back-office solutions to the buy side, is rolling out the red carpet for hybrid funds, creating the new Hybrid Fund Services Group within SS&C GlobeOp, its fund administration arm, officials say. Rahul Kanwar, a senior vice president and managing director of Alternative Assets at SS&C GlobeOp, defines… Read More >>
PE Data Standards Group Targets Portfolio Metrics
The private equity data standards group, the AltExchange Alliance, has released an updated set of data definitions intended to provide more automation and operational efficiency for the portfolio-related interactions among private equity industry participants. Last year, the AltExchange released its group 1 standard, which harmonized how information such as capital accounts, cash flows and portfolio… Read More >>
