Thursday, 26 November 2015
Last updated 9 hours ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…