RiverNorth Capital Management extends agreement with SS&C for front-to-back services.
Tag: Hedge fund
New York-based Hurricane Capital Advisors expects to carry 10 portfolio managers onto the SS&C platform by July.
Upon final regulatory approval of the ETF, BNY Mellon will provide ETF basket operations, order taking, fund accounting, fund administration and transfer agency services.
The incident further highlights the dangers of over-leveraging hedge funds and could force some prime brokers to recognise the excessive risk that can occur.
Asset servicing mandate extends custodian’s relationship with US hedge fund, this time for Ireland-domiciled UCITS umbrella fund.
The mandate will cover Pershing Square’s funds domiciled in Delaware, Guernsey, and the Cayman Islands.
The positive scores come as many hedge fund clients relied on their administrators to weather market turbulence and provide support for their own business continuity plans.
An asset class rotation among hedge funds could encourage prime brokers to invest significantly in specialising in servicing credit and multi-asset strategies.
AuM in global active ETFs have increased significantly over the past few years, growing from under $60 billion in 2016 to over $180 billion as of June 2020.