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Hedge funds positive in May


06 June 2014 London
Reporter: Stephen Durham

Hedge fund performance was positive overall in May, rebounding from a slight decline in April, according to eVestment's May 2014 Hedge Fund Performance Report...
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CACEIS chosen as depository for German funds


05 June 2014 Luxembourg
Reporter: Stephen Durham

AXA Investment Managers Deutschland (AXA IM Deutschland) has engaged CACEIS as depositary for its entire existing real estate open ended mutual and special funds business in Germany, with a total fund volume of €2.5 billion...
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SIX launches Swiss trade repository


05 June 2014 Zurich
Reporter: Stephen Durham

SIX is to establish a central trade repository for derivative transactions in cooperation with Swiss banks...
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BCS appoints Tikhomirov


04 June 2014 London
Reporter: Stephen Durham

BCS Financial Group (BCS) has appointed Vladimir Tikhomirov as its new chief economist...
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Sandell Asset Management chooses Hedge360


04 June 2014 Connecticut
Reporter: Stephen Durham

Sandell Asset Management, a US-based alternative asset management firm, has chosen SunGard’s Hedge360 for its portfolio management platform...
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Markit to acquire CTI


04 June 2014 London
Reporter: Stephen Durham

Markit has agreed to acquire Compliance Technologies International (CTI) in order to make use of its tax compliance and reporting services...
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SS&C hits century and a half


03 June 2014 Connecticut
Reporter: Stephen Durham

SS&C Technologies is now supporting 150 customers through the SS&C GlobeOp Regulatory Solutions Group...
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Hong Kong to comply with FATCA


03 June 2014 Hong Kong
Reporter: Stephen Durham

Hong Kong and the US have substantially concluded discussions on an inter-governmental agreement (IGA) that will facilitate compliance with the US Foreign Account Tax Compliance Act (FATCA) by financial institutions in Hong Kong...
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CMI Ventures appoints Deutsche Bank


03 June 2014 Mumbai
Reporter: Stephen Durham

Deutsche Bank has been appointed as designated depository participant (DDP) and custodian bank by CMI Ventures under the new foreign portfolio investors (FPI) regime in India...
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Bradley Mirkin to Nixon Peabody


03 June 2014 New York
Reporter: Stephen Durham

Nixon Peabody has expanded its government investigations and white-collar defence practice in New York City with the arrival of Bradley Mirkin, former senior litigation counsel at Financial Industry Regulatory Authority (FINRA) Enforcement...
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KPMG adds strength of Rothstein Kass


02 June 2014 New York
Reporter: Stephen Durham

KPMG is to become the leading audit, tax and advisory services provider in the US hedge fund market with the addition of Rothstein Kass partners and employees...
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Everest Re appoints BNY Mellon


02 June 2014 New York
Reporter: Stephen Durham

BNY Mellon has been appointed indenture trustee, reinsurance trustee, registrar and paying agent for the $450 million Kilimanjaro catastrophe (cat) bond transaction sponsored by Everest Re...