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SuMI hubs to enhance Asia business


22 August 2014 Dublin
Reporter: Catherine Van de Stouwe

SuMI TRUST Global Asset Services is completing the enhancement of its Asian business, focusing on three global hubs: London, New York and Tokyo...
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Calastone creates an automated Dimension


20 August 2014 Sydney
Reporter: Catherine Van de Stouwe

In a move to streamline fund administration for its Australia and New Zealand clients, Dimensional Fund Advisors will extend its global reach and implement Calastone's global fund transaction network...
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Deutsche Bank depositary for HKEL


14 August 2014 Hong Kong
Reporter: Catherine Van de Stouwe

Deutsche Bank has revealed it has been made depositary bank for the non-capital raising sponsored Level 1 American Depositary Receipt (ADR) programme of Hong Kong Electric Investments and Hong Kong Electric Investments Limited (HKEL)...
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Net flows positive in August for SS&C


13 August 2014 Windsor
Reporter: Catherine Van de Stouwe

Hedge fund performance for SS&C Technologies in July fell by -0.37 percent, but is up nearly 4 percent from year-to-date...
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Painful July for hedge funds


08 August 2014 London
Reporter: Stephen Durham

July was a volatile month for hedge fund performance with an aggregate performance of -0.35 percent for the month...
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A tale of two markets


04 August 2014 New York
Reporter: Stephen Durham

The funded status of the typical US corporate pension plan declined 1.2 percentage points in July 2014 to 90.8 percent, as the steep drop in equity prices at the end of July sent asset values lower, according to ISSG...
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Prime funds for BNP Paribas


01 August 2014 London
Reporter: Catherine Van de Stouwe

Global custodian BNP Paribas Securities Services is acquiring Prime Fund Services (PFS) from Credit Suisse...
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Bedrock chooses SGSS


28 July 2014 Luxembourg
Reporter: Stephen Durham

Societe Generale Securities Services (SGSS) in Luxembourg has been mandated by Bedrock to provide custody, fund administration and registrar services for its range of UCITS funds...
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Asset servicing revenue growth for BNY Mellon


23 July 2014 New York
Reporter: Catherine Van de Stouwe

BNY Mellon has reported a 3 percent rise in asset servicing revenue with long-term outflows totalling at $13 billion and short-term outflows reaching $18 billion...
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State Street has strong Q2 earnings


23 July 2014 Boston
Reporter: Catherine Van de Stouwe

State Street has reported a “solid” Q2 for 2014 with asset servicing and asset management revenue up 7 percent from Q2 2013...
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Citi to support Nedgroup UCITS fund


22 July 2014 Dublin
Reporter: Catherine Van de Stouwe

Citi has received a new mandate from Nedgroup Investments to provide a full range of investor services for the Nedgroup Investment Funds..