News

Euroclear Chooses Asterisk(Tm)

Euroclear is utilising Thales' Asterisk Ratings and the Counterparty database to centralise its hierarchy and counterparty information. In many banks centralisation of counterparty information (critical for risk departments + sales marketing CRM functions) is still an ideal, yet to be

Funds Still Flowing into US Mutual Funds

The combined assets of the nation's mutual funds increased by $37.9 billion to $6.970 trillion in December, according to the Investment Company Institute's official survey of the mutual fund industry. In the survey, mutual fund companies report actual assets, sales

Investec Introduces Asia Focus Fund

US Bancorp Fund Services LLC has won the administration mandate from Investec for its new Asia Focus Fund, which is domiciled in the US. Investec Asset Management (formerly Investec Guinness Flight) announced that its new Investec Asia Focus Fund is

State Street Creates Office of Family Advisor

State Street Global Advisors (SSgA) has created the Office of the Family Advisor, which has been designed to integrate investment planning with investment management, including the identification and monitoring of outside investment managers, trust and custody for high net worth

KBC to Launch New Convertible Opportunities Fund

PFPC has won the mandate to service the new KBC fund a Convertible Opportunities Fund, open to investors from 1st February 2002. The fund builds on the success of the KBC Convertible Arbitrage Fund launched last year, which earned the

Cognotec Joins TWIST

Cognotec announced that it has become a member of the TWIST (Treasury Workstation Integration Standards Team) multi company working group. As the market leader in delivering Foreign Exchange automation solutions, Cognotec is delighted to join the Twist initiative. "The widespread

Alliance Between Omgeo And Smartstream Technologies

SmartStream Technologies, Inc. the transaction management STP solutions provider, today announced a global agreement with Omgeo, which will increase Straight Through Processing (STP) and reduce settlement cycles for custodians and investment managers. Through this agreement Smartstream Technologies and Omgeo will

Experts Comment on SWIFT-Global Crossing Affair

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

FT to Laucn FTfm Supplement

The Financial Times is launching a new supplement for the fund management industry on Monday February 4. The new weekly tabloid supplement, called FT fund management (FTfm) will be distributed with the FT, and will be the world's largest circulation