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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...

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...

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...

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...

Deutsche Bank bolsters fund services with Deborah Thompson
21 November 2012 London
Reporter: Georgina Lavers

Deutsche Bank has appointed Deborah Thompson as global head of sales for fund services and Robert Coates as a director in the fund services EMEA sales team...

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...

Katarina Melvan new board member at BNY Mellon KAG
21 November 2012 Frankfurt
Reporter: Georgina Lavers

Katarina Melvan will be a new member of the executive board at BNY Mellon Service KAG effective 15 November 2012...

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...

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...

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...

Dion’s Nova written in the stars for Omgeo
20 November 2012 London
Reporter: Georgina Lavers

Dion Global Solutions’s middle- and back-office solution Nova has received validation from Omgeo Central Trade Managers...

Overboarding an issue for Institutional Shareholder Services
19 November 2012 New York
Reporter: Georgina Lavers

Institutional Shareholder Services (ISS) has released its 2013 policy updates for the US, Canada, Europe and Asia and other international markets...