It is a tough environment for hedge funds, which could lead to more demand for operational services as funds seek efficiencies and regulatory compliance. Funds Europe asked a range of administrators about their outlook for the admin business in 2012.
Citi and Man Group: Man Group appointed Citi as its 'global shareholder services partner' in March 2011.
The former chief executive officer of State Street Global Advisors (SSGA) has joined the board of directors at Multifonds, which provides software for fund accounting, portfolio accounting and transfer agency.
Skandia is consolidating its fund ranges under a common administration platform provided by Citi in an effort to increase efficiency and ensure regulatory compliance.
"Just knock on my door, it is always open," was the message Irish prime minister Enda Kenny gave to the Irish funds industry when he addressed the Irish Funds Industry Association's annual conference recently.
It is just over five years since RBC Dexia Investor Services was formed and although the business is outside the major league in terms of assets, its capability is as good as any other provider, and it is growing, Jose Placido, CEO, tells Nick Fitzpatrick.
Fund managers Artemis and F&C talk about how to make the second phase of outsourcing work. Nicholas Pratt reports
Luxembourg has been forced to step back and take stock of the way things are done. In doing so it found that actually, the Grand Duchy is still a reliable and reputable financial centre, and asset servicers on location are more than happy to talk about its achievements. (part 1)
It's been a big morning for outsourcing solutions. State Street and JP Morgan have announced new outsourcing deals, while BNP Paribas Securities Services has launched the first Ucits IV compliant master-feeder solution in Luxembourg.
BlackRock's institutional clients based in Asia will now be able to process trades during Asian business hours and receive the same day use of the funds, due to the JP Morgan and BlackRock Asian Same Day Settlement platform.
