BNY Mellon is the largest administrator by total net assets ($400.7bn) for fund administration services across Ireland’s domiciled and non-domiciled funds, followed by State Street International ($356.2bn) and JP Morgan ($239.6bn), according to findings of independent fund research company Monterey Insight.
Dominion fund management has launched Dominion Global Trends Strategic fund which will be managed by Arjen Los, chief investment officer.
Investors shifted towards safer assets in May, according to the latest data published by Morningstar on European asset flows.
Hedge fund vereran Manny Roman has conceded managers in his industry are paid too much, adding its name to a growing list of companies regarded as over-generous to its top executives.
Mirabaud Asset Management, part of the 200-year old Geneva-based banking group, is set to expand its asset management offering with the launch of a global emerging markets fund to be managed by Daniel Tubbs, former co-head of BlackRock‘s Global Emerging Markets team.
AXA Investment Managers has launched AXA WF Global Strategic Bonds, a Luxemburg-domiciled fund designed to give investors the opportunity to diversify their exposure to global bond markets.
AnaCap Financial Partners has announced the final closing on the AnaCap Credit Opportunities Fund II L.P., hitting £350m.
The European funds industry has recorded its greatest inflows over the first quarter of the year since the beginning of 2007, at €87.4bn according to data provider Lipper.
Austrian fund selectors tend to be conservative and prefer the tried and tested to flashy presentations and detailed rather than over-frequent reporting, according to a survey by Incisive Strategy Research & Consulting.
The Hedge Fund Association (HFA) has appointed José Castellano, managing director of Pioneer Investments, as director of a new southern European Union chapter for the organisation.
News from: Pictet AM, Schroders, First State, Bloomberg, BBVA AM, BNY Mellon, SGSS and Banco Cooperativo
News from T. Rowe Price, HSBC Jintrust, Carlton group, State Street, Efama, JP Morgan AM