Solutions
Linedata, a software solution provider to the investment management and credit industries, has released the latest version of Linedata Icon, the firm’s flagship fund accounting solution.
Linedata says the latest release is part of the continuing programme of functional and technological evolution and builds on the broad and deep functionality offered by Linedata Icon and follows on from recent releases which have introduced new functionality with enhanced instrument coverage and regulatory compliance.
An extension to corporate actions processing allows clients to see both an Accounting Book of Records (ABOR) and an Investment Book of Records (IBOR) and to provide
Pacific Fund Systems (PFS), the software company behind fund administration solution PFS-PAXUS, has opened its European operational headquarters in Douglas, Isle of Man.
PFS’s chief operating officer Paul Kneen (pictured) says: “PFS is a global software development company providing a powerful niche investment accounting and fund administration solution to a global client base, which has grown successfully year-on-year since the firm’s inception in 1999. The decision to locate our European operational headquarters on the Isle of Man was based on the clear benefits available; access to attractive modern office space and a talent pool of skilled industry professionals, supported by
Katipult has partnered with Mangopay to launch a disruptive lending solution in the UK, providing what it says is a “secure and flexible transaction environment to manage the incoming and outgoing payment flows”.
Launching its solution in Europe, Katipult decided to partner with Mangopay to enable platforms to hold lender funds and receive earnings in a wallet in a secure and compliant way.
Holder of an e-money issuer licence passported to all 31 EEA countries, Mangopay is a multi-currency payment solution which accepts cards, bank transfers and direct debit.
Brock Murray, CEO of Katipult, says: “Katipult is excited
Centaur Fund Services has launched an enhanced fund services offering, which focuses on providing services to funds specialising in private equity, real estate, venture capital and fund of private equity strategies.
The announcement comes in response to a dramatic rise in the number of private equity firms outsourcing the administration of their operations. This trend is driven by many factors, such as an increased regulatory environment, more complex structures and market pressure on firms to deliver better reporting.
Centaur’s private equity team customises its service to meet the needs of each client, considering the legal structure, investment
The Managed Funds Association (MFA) will host Commodity Futures Trading Commission (CFTC) chair Timothy G Massad at the Outlook 2016 Conference.
Massad will make a keynote address at the association’s annual leadership conference in New York on 21 October.
More than 400 investors, policymakers and other stakeholders are expected to attend this year’s conference, which will focus on public policy, institutional investors, global markets and key trends that foster change in the alternative investment industry.
Abacus Group, a provider of hosted cloud IT solutions for alternative investment funds, has opened a second London data centre.
Tom Cole, director of client services and business development in London, says the new data centre will allow Abacus to provide resilient services to current clients and expand its capabilities to onboard more alternative investment funds.
Abacus currently serves 18 funds in the UK and more than 300 globally. The company’s employee count recently exceeded 100.
Abacus, co-headquartered in San Francisco and New York, is adding London to its growing list of locations in Boston, Charlotte, Greenwich, Los
New York-based IQ Financial Marketing has issued an updated version of its marketing guide, which it is offering free of charge to hedge funds and private equity firms.
The new guide features additional tips for creating better presentations and pitch books. It is designed to help fund managers tap into the mindset of prospective investors, differentiate themselves from the competition, and enhance their branding.
IQ says the guide can be helpful to firms that create their marketing materials in-house as well as those that outsource.
IQ’s principals Nancy J Dennis (pictured) and Michael H Greenstein are marketing consultants
Hamilton Lane, a private markets asset management firm, has invested in and formed a strategic partnership with Bison (Boston Illiquid Securities Offering Network), a company focused on creating analytical systems for the private markets industry.
The investment represents a continued commitment from Hamilton Lane to support breakthrough technologies, enhanced data transparency and more robust analytics for the private markets.
Hamilton Lane and Bison have released Cobalt, an analytics platform designed to meet the evolving needs of all private markets constituents – both limited partners and general partners.
The Cobalt LP product, exclusively distributed by Hamilton Lane, offers enhanced
The Channel Islands Securities Exchange (CISE) has revised its membership rules so that firms from a wider range of jurisdictions can act as sponsors to listings on the exchange.
The membership rules previously restricted sponsors to being entities established in the Channel Islands. Now they have been updated to allow sponsors to be based in any jurisdiction deemed acceptable to the exchange.
The change is effective from 10 October 2016 and reflects the rules which are already in place for members who trade on the exchange.
Fiona Le Poidevin (pictured), CEO of the CISE, says: “This is a
CVC Capital Partners’ portfolio company Ahlsell, a Nordic distributor of products within heating, ventilation and air conditioning, plumbing, electrical, and tools and supplies, is to launch an initial public offering (IPO) of its shares on Nasdaq Stockholm.
For the 12 months ended 30 June 2016, Ahlsell generated net sales of SEK23.2 billion, adjusted EBITA of SEK2.0 billion and operating cash flow of SEK2.1 billion.
In order to further support Ahlsell’s strategy and continued evolution based on organic growth and M&A, with 51 acquisitions since 2003, the company’s principal shareholder CVC funds, the board and the management team consider a
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