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Confluence, one of the investment management industry’s leading reporting, data management and analytics companies, delivers technology as a solution to enhance the operational efficiency of its clients. The platform supports a vast array of clients globally running mutual funds, ETFs, alternative investments, institutional portfolios and UCITS funds, as well as eight of the 10 largest global fund administrators.
With regulation becoming such a burden on investment managers, technology has needed to up its game and deliver automation where possible. In that regard, Confluence is well placed. Its Unity NXT Regulatory Reporting platform handles clients’ post-trade reporting requirements in a single
By Michael O’Brien (pictured), Nasdaq – Ask buy side firms about the areas where they are most vulnerable to legal action, and they will likely put insider trading on the list. In the last few years, regulators around the world have shown their willingness to investigate and prosecute insider trading cases, and levy severe fines and penalties. Importantly, the firms involved have suffered significant damage to their reputation.
To successfully prosecute an insider trading case, regulators generally need to prove that the person was in possession of the information, and that the person then acted on it. Each region takes
With so much change happening in the funds industry, it is imperative that technologists keep pace to help hedge funds optimise operations. In that regard, Eze Software has been busy developing new functionality across the Eze Investment Suite, with MiFID II as a big focus.
In Q1, Eze Software partnered with OTAS Analytics to integrate advanced market analytics capabilities into its execution management system (EMS) blotter to support MiFID firms seeking to meet best execution requirements under MiFID II. It also increased access to liquidity sources from the EMS and added BIDS and POSIT crossing networks to its suite of
Data re-use is likely going to become a critical feature of the industry, moving forward. Not only will fund managers want to be able to access data in a consistent fashion, they will also want to make sure it is accurate across different reports as regulators pay ever closer attention.
Rather than spend numerous man hours organising data to complete mundane tasks, the funds industry stands on the cusp of an exciting new era; one that will see increased use of machine learning and AI technology taking over such tasks, freeing up managers to hone investment strategies, and build investment
By George Ralph, RFA – According to Microsoft and 451 Research, most organisations are working with four cloud vendors, at least. Many firms are utilising public cloud services from the biggies like Amazon and Microsoft, but also want, or need more discrete services to house some applications, and for these services, will opt for private clouds. Today’s firms want applications that bring them business benefits, and if they need to bring on board other cloud services to house them, or to cope with the workload, that’s what they do. Our customers want infrastructure that just works as it should. They
Abacus Group has secured a minority investment from WestView Capital Partners. Drake Star Partners acted as an exclusive financial advisor to Abacus Group on this transaction.
Founded in 2008, Abacus Group has successfully served the hedge fund and financial institution market by providing superior technology, expertise, and service.
Abacus Group provides three main products and services – AbacusFLEX, a professionally managed hosted IT solution covering all the primary needs of a modern financial services firm including state-of-the-art security and compliance functionality; Application Hosting, a fully redundant and secured managed infrastructure allowing clients to host any application in the cloud;
Koger, a financial services technology company and provider of the NTAS platform for fund administration and compliance, has received the ISO 9001: 2015 quality management certification.
Koger’s certification means the company meets a comprehensive quality standard that covers all of its processes and operations.
A quality management system that can be integrated into any business, ISO 9001 ensures the business delivers a consistent level of quality to its customers by having well-defined and regularly-reviewed processes and procedures. Koger’s certification states that the company has “implemented and maintains a quality management system for the design and managed development of fund
NES Financial, a Silicon Valley FinTech company providing technology-enabled solutions for efficient back- and middle-office administration of complex financial transactions, has hired Michael Richards, formerly of State Street Corporation, as Senior Vice President in charge of Fund Accounting.
Richards joins NES Financial after nearly 18 years at State Street, where he worked in hedge fund and private equity fund administration within the firm’s Alternative Investment Solutions division. There, he was responsible for a large global team servicing top institutional fund sponsors and LP customers, with a broad spectrum of alternative investment product types.
His background in alternative fund administration
BGF has invested a further GBP7.3 million in AdEPT Telecom (AdEPT). Headquartered in Tunbridge Wells and listed on AIM, AdEPT is a provider of unified communications and IT managed services.
The new funding, alongside an existing debt facility, will support the acquisition of Atomwide Limited, a well-established UK based specialist provider of IT services to the education sector. The acquisition of Atomwide further extends AdEPT’s ability to provide a full suite of specialised IT and telecoms products to public sector customers, and will position AdEPT as the leading IT provider to schools across London, supporting around two million users.
The
Brightstone Venture Capital has held the first closing of a new venture capital fund focused on early stage technology and life-science businesses, primarily in Minnesota but also across the US.
The new venture fund, BVC2, formally accepted its first limited partners last week and has made its first investment. The fund has received over USD25 million in fund commitments thus far, primarily from existing limited partners in its previous fund and will have a hard cap total size of USD100 million.
The new BVC2 venture fund also closed its first investment in a Boston-based cloud storage platform called Wasabi, a
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