Industry players in Luxembourg are sharpening their need for outsourced IT solutions as they scale up their operations driven by regulatory demand and growth in the jurisdiction.

A significant aspect of any private equity investment is trusting the manager to make the right decisions. It is, after all, why investors pay fees. But how far should that trust relationship be tested? And how much transparency should managers be expected to provide, in order to appease their investors? 

Northern Trust has launched a range of new client dashboards for Omnium, its middle- and back-office technology platform for alternative fund administration.

Shape Security, an online fraud prevention platform, has secured USD51 million in a funding round led by C5 Capital, a specialist venture capital firm focused on cyber security, data analytics and cloud computing.

The Investment Management Due Diligence Association (IMDDA), an investor-based organisation dedicated to the professionals who perform  investment and operational due diligence, has launched a new program giving its members access to background checks provided by Intelligo, a specialist in technology-driven background checks.

Asset management industry veteran Ole Rollag has launched Pueblo, a new venture which aims to simplify and improve the investor/manager engagement process, reducing the burden of speculative emails from unsolicited fund managers that arrive in investor’s inboxes every day.

Global investment company, Sofina, which is listed on Euronext Brussels, is now live on SimCorp Dimension. Following an agreement signed in June 2018, Sofina has replaced its legacy infrastructure with SimCorp’s integrated investment platform, across its back-office operations, to manage accounting for both equity and alternative investments.

TriVista, a global consulting firm for private equity firms with expertise in manufacturing, distribution and consumer goods, has launched an IT & Operations Technology practice. 

Drawbridge Partners, a premier cybersecurity services firm specialising in the needs of hedge fund and private equity managers, has launched DrawbridgeConnect, an automated management platform which allows firms to manage all aspects of their cybersecurity program. 

At nearly USD8 trillion, the US defined contribution (DC) retirement market remains one of the largest – and growing – opportunities for asset managers. From 2007 to 2017, net assets grew by 67 per cent, increasing by USD3.1 trillion.