Eileen Murray, co-CEO of Bridgewater Associates, helped launch the industry’s first dual-outsourcing model using two custodians. Joe Parsons speaks to Murray about how the world’s largest hedge fund has utilised this model.
Frank Anduiza will lead the sales efforts for BNY Mellon’s hedge fund services business in the US, Canada and Latin America.
The UDA programme was launched last year exclusively to investment adviser clients, focusing on providing timely mutual fund distribution platform information.
Traditional long-only managers have been launching hedging strategies in the face of asset manager consolidation and the growth of passive investing.
Middle-office outsourcing has been highlighted as one of the most preferred methods to cut costs at asset management firms
Fund administrators have highlighted the importance of the ETF to their growth plans, but operational technology were highlighted as a challenge for growth.
The deal increases Apex’s AuA to $560 billion, after completing the onboarding process of Deutsche Bank’s Alternative Fund services business in June.
The investment will allow Libra to release new products and services which will support its fund administrator, trading operations and crypto exchange platform clients.
ExodusPoint Capital Management was described as the largest start-up fund of all time when it went live at the start of summer.
Dylan Curley joins as global head of business development, where he will lead global sales to long-only and alternatives investment clients.