Alternative investment funds have new messaging network

Telecoms towerA new automated messaging system has been introduced which should benefit the alternative investment fund industry. It was developed by the Global Alternative Investment Automation Group (GAIA) and has been built with a business-focused approach to be carried across a variety of messaging infrastructures. It will allow firms to use the same messaging formats that are used for mutual fund messaging. GAIA is finalising the testing and promoting its use throughout the industry as well as looking into additional flows that would benefit from automation. Until now, these processes relied on faxes or other manual methods, which are inefficient and do not take advantage of modern technology. GAIA consists of numerous firms within the funds industry. One member, Bil Gourley, chief executive officer of Idea Group, says one success is bringing together traditional and alternative funds into the same messaging structure. Another member, Bernard Tancré, executive director investment fund services at Clearstream, says: “The GAIA initiative provides market participants with a single set of message usage definitions for all types of fund transactions and will boost the industry-wide shift from fax to SWIFT messaging.” ©2015 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.