German asset manager Flossbach von Storch wants to expand beyond its domestic market and will be using the global custody, fund accounting, and transfer agency support offered by BNP Paribas Securities Services (BNPSS) for its UCITS funds in Germany and Luxembourg, officials say. An official at Flossbach von Storch tells FTF News that BNPSS will… Read More >>
Broadridge Acquisition Targets E.U. Data Distribution
Major industry player Broadridge Financial Solutions has acquired for an undisclosed sum service provider FundAssist Ltd., whose regulatory, marketing and sales offerings target global investment firms including those in North America doing business in Europe. “Based in Dublin, Ireland, FundAssist is a natural extension of Broadridge’s governance and communications business and brings a complete suite… Read More >>
Global Hedge Fund Industry AUM Hits $3.2 Trillion
Hedge funds saw total assets under management (AUM) jump 24 percent to $3.2 trillion between September 2014 and 2016, according to the fourth International Organization of Securities Commissions (IOSCO) hedge fund survey. The survey finds that the increase could reflect a combination of more widespread reporting across jurisdictions, market performance, and net fund subscriptions, but… Read More >>
SIX’s New Hub Helps Firms Re-Use Regs Data
With wealth managers, assets managers, banks and other market participants in mind, SIX Financial Information, a data and services vendor, is launching a platform that facilitates the re-use of regulatory data and documentation thus easing some regulatory burdens, according to officials at SIX. The new hub is intended to structure and exchange product data, information… Read More >>
CIBC to Deploy Reporting Hub from Wolters Kluwer
CIBC to Expand Use of OneSumX Canadian financial institution CIBC will be using financial technology vendor Wolters Kluwer’s OneSumX regulatory reporting software for its efforts in the U.K. and Asia Pacific region, vendor officials say. The OneSumX offering provides solutions and services to “manage the intersection of governance, finance, risk and compliance, increasing organizational profitability,… Read More >>
Brexit Political Turmoil Puts Markets in Limbo
Former U.K. Prime Minister Harold Macmillan once famously said that a “week is a long time in politics,” but if recent events are anything to go by perhaps the statement should apply to 24 hours. Within a day last week, U.K. politics was turned on its head in a series of events that would be… Read More >>
European Regulators Clash Over Payouts for Fund Managers
The European Securities and Markets Authority’s (ESMA) final guidelines on remuneration that are part of the investment vehicle regulations known as the Undertakings for Collective Investments in Transferable Securities, aka UCITs V, was supposed to provide clarity when determining a fund manager’s pay package. However, certain aspects remain unclear, especially when it comes to the… Read More >>
Capricorn Capital Group Deploys Athena IMS
Alternative asset manager Capricorn Capital Group has gone live with financial technology provider Cymba Technologies’ Athena Investment Management Solution (IMS), according to a Cymba statement. Capricorn invested in the IMS, which supports the order management, pre- and post-trade compliance, trading, operations and execution functions, in order to launch a new fund compatible with the Undertakings… Read More >>
RBS Luxembourg to Deploy RiskMetrics
MSCI Inc., a provider of risk management and investment-decision support tools, reports that RBS (Luxembourg), has chosen MSCI as its vendor for regulatory risk reporting. RBS (Luxembourg) is part of the Royal Bank of Scotland’s wholesale banking arm. The bank uses two products available on the RiskMetrics platform, according to MSCI: RiskManager for managed services… Read More >>
