Fund administration firm BNY Mellon Alternative Investment Services has launched a service that independently validates a hedge fund's position records and verifies the pricing of that fund's securities.

Alternative investment fundraising firm XS Investments has expanded its senior team with the appointments of Steven Tack and Josephine Defty. 

There is a new trading and advisory firm in town catering to hedge funds and other asset managers. 

Offshore law firm Mourant du Feu & Jeune has added a partner specialising in investment funds to its Cayman Islands offices.

High frequency trading is gaining popularity in the fund management world, and one Jersey City, New Jersey firm is aiming to help managers get into the game faster.

As alternative investment firms rush to launch regulator-friendly UCITS III-compliant vehicles, Luxembourg Financial Group and Ganymede Partners have launched a new platform targeting smaller funds.

Investment and execution technology provider ConvergEx has beefed up its order management system product, allowing hedge fund to gain access to detailed and robust risk reporting.

Merchant Capital has recently launched a UCITS III umbrella structure that aims to provide hedge fund managers with a seamless and cost- effective vehicle for running their own UCITS III funds.

State Street Corp. has acquired Mourant International Finance Administration, making the firm the largest alternative asset administrator in the world.

Morgan Stanley is adding a familiar face to its Asian prime brokerage business.