Temenos to provide Bloomberg’s buy-side users with third-party fund accounting
The partnership reflects the rise of ‘shadow’ fund administration, with an independent third-party providing oversight and validation of fund accounting.
Fund Administration
SANNE hires former State Street asset servicing exec to lead new Japanese business
SANNE’s Tokyo office will be operational from the start of 2019 and will initially focus on servicing existing real estate clients in the region.
CACEIS sets up MMF-compliant fund administration solution
CACEIS acts as the main custodian and administrator for many of the money market funds in the French market.
Apex closes Custom House deal and expands to new locations
The agreement was announced in August last year, alongside news that Custom House’s chief executive officer, Mark Hedderman, had decided to step down.
Northern Trust launches reconciliation dashboard for hedge fund clients
Northern Trust completed the transition of bringing Citadel’s technology team, in-house, essentially giving it the right to develop their own software for hedge funds.
TMF Group acquires State Street’s Channel Islands fund admin business
The deal will include State Street’s private equity and real estate (PERE) fund servicing units in the Channel Islands.
CACEIS to provide performance data services for French fund manager
The asset manager will use CACEIS’s OLIS Performance tool to facilitate the management and provide data on their financial portfolios.
Fund Administration
New fund manager research from State Street gives Britain a hint of hope post-Brexit
Within an overall negative outlook for Britain's fund management sector post-Brexit, State Street finds some optimism in its latest research.
Hedge fund assets flow into Jersey at record pace
Influx of assets originating from the US and Japan boost Jersey's value of regulated funds to record high.
BNY Mellon revamps ETF order taking
BNY Mellon has integrated Bloomberg BSKT and introduced a global standard for transmitting orders via its electronic messaging service.