Former U.K. Prime Minister Harold Macmillan once famously said that a “week is a long time in politics,” but if recent events are anything to go by perhaps the statement should apply to 24 hours. Within a day last week, U.K. politics was turned on its head in a series of events that would be… Read More >>
PE Firms Oppose Brexit as Race Tightens in U.K.
As the deadline for the U.K.’s European Referendum is fast approaching, private equity and real estate managers around the world have made their voices heard. The majority of firms within the country as well as Europe, U.S. and Asia are firmly within in the Remain camp. A recent survey conducted by Augentius, a private equity… Read More >>
European Regulators Clash Over Payouts for Fund Managers
The European Securities and Markets Authority’s (ESMA) final guidelines on remuneration that are part of the investment vehicle regulations known as the Undertakings for Collective Investments in Transferable Securities, aka UCITs V, was supposed to provide clarity when determining a fund manager’s pay package. However, certain aspects remain unclear, especially when it comes to the… Read More >>
Belated Spotlights for Triad Securities, Linedata and ISDA
One of the reasons that this blog exists is to spotlight items that can quickly hit and then bounce off our radar. Rather than lose them in the flurry of news, I’m going to give them their 140 characters of fame. Triad Securities Expands Brokerage Triad Securities announced last month that it had expanded its managed… Read More >>
Bancolombia to Deploy FATCA Solution
AxiomSL, a provider of regulatory reporting and risk management solutions to the financial services industry, reports that Bancolombia, Colombia’s largest bank, will be deploying AxiomSL’s Foreign Account Tax Compliance Act (FATCA) solution. The FATCA solution is a “scalable and cross-border tax reporting platform which will leverage the bank’s reporting process to ensure on-time compliance with… Read More >>
SS&C GlobeOp Helps Funds Meet AIFMD Deadline
January 2015 marked not only the beginning of a new year, but the beginning of a new regulatory reporting regimen for fund managers — at least for those active in Europe. The January 31 deadline for filing of the Alternative Investment Fund Manager’s Directive (AIFMD) Annex IV reporting requirement was most fund managers’ first brush… Read More >>
ACA Compliance Acquires NorthPoint Financial
ACA Compliance Group, a provider of regulatory compliance and global investment performance standards (GIPS) verification services, reports that it is acquiring NorthPoint Financial. Terms of the acquisition were not disclosed. NorthPoint Financial, founded in 2003, is a provider of financial software products and services, including an order management system and portfolio management, data warehouse, security… Read More >>
Regulatory & Investor Demands Spur New Respect for Risk Ops
Risk management operations is finally coming into its own as post-Great Recession regulatory and investor pressures begin to bear down on buy- and sell-side firms in the U.S. and the European Union. On the sell side, big banks in the U.S. and the EU are being forced to take action by the crack of the… Read More >>
TMF Custom House Debuts ‘Depo Lite’
Fund administrator TMF Custom House Fund Services is rolling out a despositary lite, or ‘Depo Lite,’ platform aimed at alternative investment managers marketing their funds in Europe who need to comply with the Alternative Investment Fund Managers Directive (AIFMD), according to a company statement. The Depo Lite service will conduct cash-flow monitoring and general oversight… Read More >>
Eze Software System Offers AIFMD Support
Eze Software Group, a provider of investment technology, has expanded its Regulatory Filings Manager software to support Alternative Investment Fund Managers Directive (AIFMD) Annex IV filings, according to a company statement. AIFMD went into effect last year in the EU after being proposed by the European Securities and Markets Authority (ESMA), and requires alternative investment… Read More >>
