About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Societe Generale Securities Services Supports Emergence Seed Capital Fund

Subscribe to our newsletter

Emergence, the first seed capital fund introduced in France with support from Paris Europlace, has selected Societe Generale Securities Services (SGSS) to provide valuation and trustee services to NewAlpha Asset Management, the fund’s financial manager and selector of small asset managers that will form the fund.

Emergence was created on January 19 as an initiative of the global competitiveness cluster Finance Innovation and with the support of the French Asset Management Association AFG and Paris Europlace. Its aim is to provide seed capital to help young asset managers with innovative ideas, but little exposure to institutional investors, grow quickly and reach critical mass.

The fund was created as a multi-compartment UCITS fund and will implement various investment themes with appropriate delegate managers. The first theme, absolute performance, has raised €120 million from institutional investors with the help of NewAlpha Asset Management, which was selected by the Emergence board of directors as the representative of financial management for the absolute performance part of the fund.

SGSS was selected to support NewAlpha following a request for proposals issued to a number of custodian banks and fund administrators. The securities services house will provide the reporting necessary to highlight the capabilities of the asset management companies within Emergence to institutional investors. The information provided must meet the Solvency II directive, which requires increased information and reporting to be produced for institutional investors, a requirement that SGSS is meeting through the development of a reporting service that provides accurate assessment of the investment profile of a portfolio and its associated risk criteria.

Laurence Fhima, a product manager at SGSS, explains: “Small and start-up asset managers find it difficult to get the attention of institutional investors. They need more than just a track record to inform investors of everything they need to know. NewAlpha’s mission is to select young asset management companies and help them reach critical mass by acquiring institutional references that will facilitate their development.

“SGSS will provide fund administration services to NewAlpha including look-through valuations for institutional investors who need more transparency and have to understand the value of all the lines in a portfolio and the risk for each line.”

Even though the specifications of Solvency II are not yet completely established, Fhima says that because of its capacity to adapt to regulatory developments concerning securities, SGSS has the experience and regulatory understanding to provide all necessary valuations to meet investor-reporting requirements. “This is not new for us, but we need to provide additional information to institutional investors and will continue to do so in order to meet the rules laid down by regulators,” she concludes.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for eComms and multi-channel surveillance

Surveillance of multi-channel communications is a moving target as financial institutions continue to add conversational streams, in many cases mobile applications previously banned from the trading environment. With more eComms channels comes more data that must be managed, retained, and ready for regulatory compliance. For many firms, the changing shape of surveillance is a complex...

BLOG

How 2024 will be a Monumental Year with Evolving Regulatory Requirements

By Leo Labeis, CEO at REGnosys. This year will be uniquely busy with numerous changes to global reporting regimes. This article explores the changes firms need to be aware of and how RegTech solutions can help them stay ahead of the curve. RegTech is one of the fastest advancing areas of fintech with the global...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...