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: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of