The new alternative funds regime, which launches when the Alternative Investment Fund Managers Directive takes hold on July 22, frees institutional investors from the restrictions of Ucits funds while offering a similar quality mark. It is a great opportunity, says Nick Lyster, the European chief executive of Principal Global Investors.
The UK's Hansa Trust has appointed a depositary in readiness for the Alternative Investment Fund Managers Directive (AIFMD).
JP Morgan Chase reported increased assets under management and assets under custody this week in group results that beat analysts' expectations.
BlackRock says it is the first firm to launch a UK-domiciled tax transparent fund, a structure approved by the UK Treasury last year.
BNY Mellon has won a custody deal with Finnish pension scheme Valtion Eläkerahastom, whose custody agreement with JP Morgan will expire in December.
Three industry heads covering Ireland consider the recovery in European and US equities and what it means for the Irish funds industry, such as an increased distribution needs.
In Beijing, Philippe Seyll explains Clearstream's role as an international central securities depositary to 900 Chinese asset management professionals.
A panel of asset servicing experts examine how new regulations and a march towards automation has changed the way they do business. Chaired by Nicholas Pratt.
The cost of using a depositary under new regulations for alternative funds is predicted to be much lower than originally feared, with expected prices collapsing by 50%.
Custodians in Ireland are enjoying a growth in assets as new regulations like the AIFMD bring business. But Nicholas Pratt discovers there may still be pricing pains along the way.
