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Genstar agrees takeover of Asset International


23 June 2014 San Francisco
Reporter: Catherine Van de Stouwe

Genstar Capital has signed a definitive agreement to acquire Asset International for an undisclosed sum by the end of July...
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Multifonds reveals industry is positive for AIFMD


23 June 2014 Luxembourg
Reporter: Catherine Van de Stouwe

Multifonds’s latest survey on the impact of the Alternative Investment Fund Managers Directive (AIFMD) on the fund industry has shown a positive attitude to the legislation despite the 22 July authorisation deadline...
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NSD fee approval to assist foreign entities


20 June 2014 Moscow
Reporter: Catherine Van de Stouwe

The supervisory board for Russia’s National Settlement Depository (NSD) has approved fees for a new service that will assist foreign entities...
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Rise in forward redemptions for SS&C GlobeOp


20 June 2014 Connecticut
Reporter: Stephen Durham

SS&C GlobeOp’s Forward Redemption Indicator for June has shown notifications of 4.80 percent, up from 4.32 percent in May...
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Lord Abbett appoint BBH for UCITS platform


19 June 2014 Dublin
Reporter: Catherine Van de Stouwe

Lord Abbett has selected Brown Brothers Harriman (BBH) to provide service support that will include passive currency administration for the launch of their new UCITS platform...
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London on way to be new China hub


19 June 2014 London
Reporter: Catherine Van de Stouwe

The Bank of England has confirmed the appointment of China Construction Bank (CCB) as the renminbi (RMB) clearing bank in London...
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Luxembourg is automated fund distribution hub


17 June 2014 Luxembourg
Reporter: Catherine Van de Stouwe

VP Lux is introducing a fully automated order routing, settlement and central securities depository (CSD) issuance facility that will future proof cross-border fund distribution...
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Transparency key for hedge fund managers


16 June 2014 London
Reporter: Stephen Durham

Hedge fund managers refusing to provide transparency is the single greatest reason for an investor veto, according to Deutsche Bank’s latest survey...
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Hedge funds positive in May


06 June 2014 London
Reporter: Stephen Durham

Hedge fund performance was positive overall in May, rebounding from a slight decline in April, according to eVestment's May 2014 Hedge Fund Performance Report...
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KPMG adds strength of Rothstein Kass


02 June 2014 New York
Reporter: Stephen Durham

KPMG is to become the leading audit, tax and advisory services provider in the US hedge fund market with the addition of Rothstein Kass partners and employees...
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Everest Re appoints BNY Mellon


02 June 2014 New York
Reporter: Stephen Durham

BNY Mellon has been appointed indenture trustee, reinsurance trustee, registrar and paying agent for the $450 million Kilimanjaro catastrophe (cat) bond transaction sponsored by Everest Re...