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Investing in China to be made easier through HK by 'mutual recognition'

By Charles Gubert reporting from FundForum 2015

The enactment of the China-Hong Kong Mutual Recognition Scheme will bring about significant opportunities for asset managers but firms have been warned there will be challenges ahead with the initiative. 

JTC is expanding its global fund servicing capabilities with the acquisition of Kleinwort Benson’s Fund Administration business in the Channel Islands and South Africa.

 

A buoyant fundraising market has provided managers of closed-end private real estate funds with more than $250 billion in dry powder, or unspent committed capital for investments, according to private equity data specialist Preqin.

Cariparma Crédit Agricole Group in Italy has appointed CACEIS as its paying agent for an expected total of around 100,000 transactions per year.

Mint Asset Management has been appointed by The New Zealand Superannuation Fund to run a NZ$150 million active New Zealand equities mandate.

The Australian Securities Exchange (ASX) has appointed Nasdaq to deliver its next generation post-trade risk management solution. 

Intercontinental Exchange, the global network of exchanges and clearing houses, reports two appointments at ICE Data Services, its global data business comprising ICE and NYSE’s exchange data, analytics and connectivity services.

Collateral Optimisation: A Clever Balancing Act

By Simon Lillystone, Consultant at SmartStream

With good quality assets scarce, and financial services firms under pressure to come up with more highly liquid collateral in order to satisfy regulatory demands, organisations are having to rethink the way they manage their inventories. Simon Lillystone, Consultant at SmartStream, believes that the use of sophisticated collateral optimisation technology can assist. By making judicious choices for collateral to be delivered to counterparties, and by regularly rebalancing the collateral already pledged out to counterparties with the currently available inventory - with a view to achieving an optimal allocation - systems such as SmartStream’s TLM Collateral Optimisation module can enable companies to make significant cost savings and to free up underused assets for trading purposes.

BTG Pactual to use SWIFT’s KYC Registry

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) reports that BTG Pactual, one of Latin America’s largest financial services firms, has joined the Know Your Customer (KYC) Registry; this is a centralised repository that maintains a standardised set of information about correspondent banks required for KYC compliance.

Fowler for Standard Life

Global fund manager Standard Life Investments has appointed Gerry Fowler as investment director, idea generation, within its multi-asset investment (MAI) team.

 

Irish Gateway launch from SGSS

Societe Generale Securities Services (SGSS) has launched “Gateway”, its Irish UCITS platform solution, designed to support asset managers seeking to establish and market UCITS in Europe.

Fund managers fret about Solvency II

A survey just completed by State Street finds that more than one in three insurance professionals and fund managers (36 percent) believe asset management companies are unprepared for providing the level of detailed data their insurance clients will require under Solvency II. 

SimCorp in M&G IBOR tie-up

SimCorp reports that M&G Investments has selected SimCorp’s Investment Book of Record (IBOR) to provide real-time position information across all asset classes. 

Why Greece matters

Jan Dehn, head of research at Ashmore, discusses why most spikes in global risk aversion can be attributed directly to events in developed economies, where risks are not adequately priced in and fundamental economic problems repeatedly get swept under the carpet. 

KDPW and KDPW_CCP Board elections

The Annual General Meeting of Krajowy Depozyt Papierów WartoĹ›ciowych (KDPW) on June 26 unanimously elected Dr Iwona Sroka as President of the Management Board of KDPW for a third term of office. 

UK electricity: demand to fall, coal and gas to be squeezed

Could there be further good news in store for UK power consumers and bad news for investors in traditional power generators? 

Athena mandates SGSS to alternatives role

Athena Capital has mandated Societe Generale Securities Services (SGSS) in Luxembourg to provide it with a full suite of custody, administration, valuation and registrar services for its alternative investment fund range.

Schroders creates new global research post

Schroders has announced the appointment of Ashley Lester to a new role within its billion multi-asset investments and portfolio solutions business. 

Deutsche Börse and Irish Stock Exchange extend links

Deutsche Börse Market Data + Services is taking over the hosting of the Irish Stock Exchange’s new trading surveillance system. 

Major changes for retail distribution: CACEIS, PwC

A new paper from CACEIS and PwC Luxembourg identifies three disrupting factors with which players will have to contend: the latest regulatory agenda, a serious change in the investor base and recent technological developments.

Deutsche Börse to buy SIX JVs

Switzerland's SIX and Deutsche Börse have opened negotiations over the sale of the shares it holds in the joint ventures they own, STOXX AG (in which it holds 49.9 percent) and Indexium AG (50.1 percent). 

Targetting US investors? New report from BNP Paribas

BNP Paribas Securities Services reports the publication of a guide to help non-US investment managers distribute their funds into the US (Exploring America: a guide to accessing the US Mutual Fund Marketplace).

RMB MoU for CCB and Euroclear

Euroclear Bank and China Construction Bank (CCB) have signed a memorandum of understanding (MoU). The aim is to further develop the offshore Renminbi (RMB) capital market.

BNY Mellon to service Saemor and Pelargos

Alternative fund managers Saemor Capital BV and Pelargos Capital BV have appointed BNY Mellon to provide AIFMD depositary, fund administration, and middle office and investor services for assets valued at EUR 800 million.

 

 

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