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Industry Funds Management Selects SunGard’s Investran and VPM
Industry Funds Management (IFM), a leading global investment manager has selected SunGard’s Investran and VPM solutions to help streamline and enhance back-office accounting across all of its investment products and portfolios. IFM manages over A$30 billion across four asset classes: infrastructure, private equity, debt investments and listed equity portfolios. SunGard’s Investran, an award winning application…
SEI Survey: Private Equity Managers Struggling to Keep Up with Increasing Investor Transparency Demands
While nearly everyone in the private equity space agrees that there has been an increased focus on portfolio transparency and client reporting over the past few years, investors remain dissatisfied with the information they receive from managers, according to a global survey report released today by SEI in collaboration with Greenwich Associates. Less than half…
The Investment Fund Industry Should be Preparing for FATCA Already
Multifonds, a leader in flexible, multi-jurisdictional, single-platform fund administration software, says that while in some cases FATCA’s implications remain unclear, on other points asset managers, administrators and vendors can make progress now. The US’s Foreign Account Tax Compliance Act (FATCA), which will come into effect on January 1 2013, has far-reaching implications for the investment…
Ready for FATCA? One in Four Financial Institutions Not Even Aware of Impending US Tax Legislation
RBC Dexia Investor Services said today that 26 per cent of financial institutions worldwide have little or no awareness of the Foreign Account Tax Compliance Act (FATCA)—despite the fact that the Act was passed in 2010, according to a survey conducted by the company. FATCA is the cornerstone of US tax legislation relating to foreign…
Corporate Boards Vulnerable to Hacking and Information Theft, Says Thomson Reuters Survey
Most major corporations surveyed have significant security gaps that leave sensitive board-level information open to information theft and hacking. Those are among the findings of a new survey of board members of UK and global corporations conducted by Thomson Reuters Governance, Risk & Compliance. The findings are particularly noteworthy in light of recent news stories…
National Interests
Swift’s annual user conference behemoth Sibos kicked off this morning with a debate about the future of securities market infrastructures that painted a particularly sobering picture. Obviously, with the spectre of a potential breakup of the Eurozone loitering in the background, discussion turned to what the impact of such an event would be on the…
BT’s Pickles on a Cloud Technology Approach to Dealing with Post-Trade Infrastructure Change
Reference Data Review speaks with BT Global Banking & Financial Markets’ head of industry initiatives Chris Pickles about the changing dynamics in market infrastructure that have happened over the last few years and how they have affected the post-trade messaging space. Pickles explains the benefits of a cloud approach to this space such as the…
A Blueprint for a European Consolidated Tape – Data Consolidation is a Top Priority for EFAMA under MiFID II
The European Fund and Asset Management Association (EFAMA) published today a Blueprint for a European Consolidated Tape intended to permit greater certainty amongst investors as to prices, best execution, valuation and performance measurement, leading to further reductions in direct and indirect costs of trading for investors. The liberalisation of trading venue regulation under MiFID has…
Opinion: The Correct Exposure for a Crisis
By Michel Lempicki, corporate development director at StatPro Group “Bad news isn’t wine. It doesn’t improve with age.” So said Colin Powell, Vietnam veteran, when he was chairman of the US Joint Chiefs of Staff during the Gulf War. In today’s investment climate, as in military circles, that maxim still holds true. It has become…
MiFID II Proposals: Perspective from MarketAxess
MarketAxess Holdings, the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other fixed income securities, reiterates its views on the range of proposals outlined in the Markets in Financial Instruments Directive II (MiFID II), which is scheduled to be finalized in October. MarketAxess believes that:…