Ultimus stated the hire reinforces the focus on alternative fund administration services and complements its acquisition of LeverPoint Management last year.
Microsoft Azure cloud will host BlackRock’s flagship investment operations platform Aladdin to boost computing scale and client experience.
Market volatility sparked by the COVID-19 pandemic has resulted in a significant increase in prime brokers asking for more collateral from hedge funds.
Migration to LSEG’s clearing and risk technology platform Millennium will reduce end of processing time for market participants.
State Street reprises a key role it once played in the 2008 financial crisis as the US central bank aims to stimulate markets.
SS&C has promoted one of its top managing directors to lead the tax services group within the GlobeOp business.
Asset managers receive respite from authorities in implementing the final phase of the uncleared margin rules as coronavirus continues to impact regulation.
New working group will look to solve complications for pension funds in providing cash collateral as variation margin.
BNY Mellon has converted USCF's ETFs onto its servicing platform where it will provide custody, fund administration and transfer agency services.