Tuesday, 23 September 2014
Last updated 51 min ago
Oct 3 2011 | 11:52am ET
Hedge fund administrator Butterfield Fulcrum has teamed with a Luxembourg management company to offer fund administration services in the Grand Duchy.
Butterfield says its deal with Luxembourg Investment Solutions, a UCITS-licensed management company, will allow to help non-European fund initiators establish customized regulated fund structures with full coordination between the Luxembourg financial supervisory company, CSSF, legal advisors, tax specialists, custodians and other Luxembourg-based entities. Butterfield Fulcrum will offer assistance on the full range of fund structures available in Luxembourg from SIF to UCITS.
“Bringing together the jurisdictional and product expertise of LIS and the industry leading operational infrastructure of Butterfield Fulcrum has allowed us to create a unique and compelling offering encompassing every aspect from design and setup to complete reporting and administration services for managers wishing to establish a European onshore structure,” said Tim Thornton, managing director, global client delivery.
Butterfield Fulcrum services more than 350 clients, has 10 offices in nine countries and employs over 500 people.
Luxembourg Investment Solutions provides full management company services to Luxembourg-domiciled funds and offers plug-and-play solutions in all aspects of administration and servicing of the investment vehicle and supporting structure.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.