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Crescent Hill opts for Wells Fargo


23 November 2012 New York
Reporter: Jenna Jones

Crescent Hill Capital Management has selected Wells Fargo Global Fund Services to provide daily fund administration and an outsourced middle and back office operations solution for its Crescent Hill Asia Opportunities Fund...
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UCITS cannot invest in unregulated hedge funds, says Esma


23 November 2012 Paris
Reporter: Georgina Lavers

The European Securities and Markets Authority has made its opinion clear on Article 50(2)(a) of the UCITS Directive, the so-called “trash ratio”, which permits UCITS to invest up to 10 percent of their net assets in transferable securities...
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Euroclear widens Collateral Highway


23 November 2012 Seoul
Reporter: Jenna Jones

In a continued effort to create the first fully open global market infrastructure to source and mobilise collateral across geographic borders, Euroclear Bank’s ‘Collateral Highway’ has expanded into South Korea...
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It’s a miserable month for hedge funds


22 November 2012 Connecticut
Reporter: Georgina Lavers

The amount of clients giving notice to withdraw their cash from hedge funds rose this month, due to relatively weak fund performances...
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Lombard Risk launches ComplianceASSESSOR


22 November 2012 London
Reporter: Jenna Jones

A new compliance and audit application will help firms to comply with all applicable laws and regulations irrespective of jurisdiction...
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State Street CFO to retire in 2013


21 November 2012 Boston
Reporter: Jenna Jones

State Street’s executive vice president and CFO, Edward Resch, will retire in 2013 after more than 10 years in the role...
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BNY Mellon offers Baylor College a helping hand


20 November 2012 New York
Reporter: Jenna Jones

Baylor College of Medicine has appointed BNY Mellon to a variety of trustee and agent roles to aid the restructuring of its $462 million debt, which comprises four bond issues...
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Third party administrator SLPE chooses SunGard


20 November 2012 London
Reporter: Georgina Lavers

Third party administrator SL Private Equity Fund Administration Services (SLPE) has selected SunGard’s Investran to help with administration and reporting...
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CIMB leverages Fidessa after RBS acquisition


20 November 2012 Hong Kong
Reporter: Georgina Lavers

Fidessa is deepening business ties with CIMB Securities to enable its regional growth plans, with Fidessa’s software to be extended to cover Thailand, Indonesia, Taiwan, Korea and India...