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Cygnus chooses CIBC Mellon for alternatives venture


30 October 2015 Toronto
Reporter: Stephanie Palmer

CIBC Mellon has been chosen to provide asset servicing for Cygnus Investment Partners, as Cygnus launches new alternative investment offerings in collaboration with KKR...
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BCBS faces challenge over leverage ratio


30 October 2015 Basel
Reporter: Stephanie Palmer

A group of 13 derivatives exchanges and clearing members have signed a letter to BCBS urging it to address the unintended consequences of the leverage ratio using the current exposure method...
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NSD's assets under custody jump 28 percent


29 October 2015 Moscow
Reporter: Stephanie Palmer

National Settlement Depository, Russia’s CSD, has seen a 28 percent increase in assets under custody, while the number of securities issued and the value of registered payments both also increased...
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China Europe Intercontinental Exchange is on


29 October 2015 Frankfurt
Reporter: Stephanie Palmer

Shanghai Stock Exchange, Deutsche Börse and the China Financial Futures Exchange have joined forces to form the China Europe Intercontinental Exchange (CEINEX)...
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Investec adopts Euroclear CSD for UK funds


29 October 2015 London
Reporter: Stephanie Palmer

Investec Wealth and Investment has adopted Euroclear UK and Ireland’s automated settlement and custody system, CREST, for its UK investment fund flows...
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Bitcoin fund sees record returns


29 October 2015 Jersey
Reporter: Stephanie Palmer

The Jersey-based Global Advisors Bitcoin Investment Fund returned 20 percent in October, marking the best monthly performance on record since it launched in September 2014...
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Distribution ledger consortium gains traction


28 October 2015 New York
Reporter: Stephanie Palmer

UniCredit, Mizuho and Nordea have signed up to R3’s distributed ledger project, bringing the total number of participating banks to 25...
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Unity is the key for Confluence


28 October 2015 London
Reporter: Stephanie Palmer

Confluence has launched a new performance and analytics product, Unity, providing a performance calculation and risk analysis platform for retail funds and institutional products...
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Linedata: The time is now for CRS


28 October 2015 Paris
Reporter: Stephanie Palmer

Investment managers and fund administrators should act now in order to be prepared for the OECD Common Reporting Standard ahead of the start of the first reporting period...
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Alter Domus sells Asian fund admin business


27 October 2015 Hong Kong
Reporter: Stephanie Palmer

Fund BPO has acquired Alter Domus’s hedge fund administration business in Hong Kong and Singapore for an initial price of $1 million...