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AIFMD causes bottleneck
20 January 2014 London
Reporter: Georgina Lavers

There are six months to go until implementation of the Alternative Investment Fund Managers Directive, but fewer than 20 percent of alternative investment fund managers have submitted an application to their local regulator...

Investor exodus from macro funds
17 January 2014 London
Reporter: Daniel Jackson

A new report suggests that investors have abandoned macro funds in 2013 as higher-risk alternatives proved to be more profitable...

LSE listed RQFII ETF appoints HSBC sub-custodian
17 January 2014 London
Reporter: Daniel Jackson

HSBC has been appointed sub custodian to Harvest Global Investments’ RQFII ETF tracking CSI300 Index which is the first Luxembourg domiciled RQFII UCITS listed on London Stock Exchange...

Former SunGard exec moves to Calastone
16 January 2014 London
Reporter: Georgina Lavers

Calastone has appointed former SunGard chief executive Cristóbal Conde as a non-executive director...

Gemini Fund Services chooses reconciliation service
16 January 2014 New York
Reporter: Georgina Lavers

Gemini Fund Services is integrating the PROactive reconciliation solution from Broadridge Financial Solutions onto its platform...

Clearstream opens up non-T2S markets
15 January 2014 Luxembourg
Reporter: Georgina Lavers

Eurobonds and securities from non-T2S markets will now be eligible for settlement under TARGET2-Securities, following plans from Clearstream...

European Bank mandates Societe Generale in Romania
15 January 2014 Romania
Reporter: Daniel Jackson

Societe Generale Securities Services in Romania has been mandated by the European Bank for Reconstruction and Development to act as its custody bank in Romania...

BNY Mellon is depository for novel hybrid bonds
15 January 2013 Madrid
Reporter: Georgina Lavers

BNY Mellon is now the paying agent, common depositary and fiscal agent on a tranche of hybrid bonds issued by Telefónica Europe B.V...

Phoenix's UK business shows strength
14 January 2014 London
Reporter: Georgina Lavers

Phoenix Fund Services’ UK authorised funds business has grown more than 160 percent in 2013, with PFS in the UK now administering assets of £2.3 billion...

Alexandra Ricciardi moves from JP to BNP Paribas
14 January 2014 New York
Reporter: Georgina Lavers

BNP Paribas Securities Services has hired Alexandra Ricciardi to extend the firm’s collateral franchise to North America...

Gibraltar aims to be gateway for AIFMD
13 January 2014 Gibraltar
Reporter: Daniel Jackson

Gibraltar has become a full signatory to the Multinational Memorandum of Understanding of the International Organization of Securities Commissions (IOSCO)—a regulatory move that positions the territory as a gateway to the AIFMD zone...

Clearstream enables investor access to ETFs
13 January 2014 Luxembourg
Reporter: Daniel Jackson

Clearstream, in partnership with Vestima, the largest global fund processing platform, will offer investors direct access to an actively managed PIMCO Source exchange-traded fund for the first time...