Daiwa Unveils Corporate Director Services Aimed At Hedge Funds

Apr 16 2010 | 9:02am ET

Fund administrator Daiwa Securities Global Asset Services has unveiled a new service that will provide authorized corporate director services (ACD) to UK-domiciled hedge funds.

The new program—Daiwa Fund Asset Services (DFAS)—was launched to compliment the existing fund services provided by Daiwa Securities Global Asset Services’ UK and Irish operations, which include administration, trustee and custody services.

“We believe the shift toward regulated products, driven by investor sentiment, creates a unique opportunity for service providers with the appropriate structures in place,” said Brian Guyett, chief executive of DFAS. “The establishment of our ACD offering will leverage off our 20 plus years experience in the fund servicing industry and will be of benefit to those promoters and investment managers interested in UK domiciled products.”

Fund industry veteran Geoff Mackay will manage the operations of the new service.

Currently, Daiwa services funds with assets in excess of US$60 billion.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note