Editor-In-Chief's letter
SURVEY
FOREFRONTS
Features
People
Diary of a company wife (ret.)
Q&A
Richard Wohanka of Fortis Investment Management
The center of the investment management universe may be changing. America, take heed
The center of the investment management universe may be changing. America, take heed
CUSTODY
On the hunt
With AUM increasing by the billions each month and expected to reach as much as $12 trillion in total within a few years, sovereign wealth funds are attracting the attention of custodian banks looking to tap into the pocketbooks of these behemoth new clients
With AUM increasing by the billions each month and expected to reach as much as $12 trillion in total within a few years, sovereign wealth funds are attracting the attention of custodian banks looking to tap into the pocketbooks of these behemoth new clients
KBC renews itself
Belgian bancassurance group KBC has reinvented its domestic custody and clearing business by adding execution and financing services to the mix, and offering a combined service throughout the major markets of Central and Eastern Europe, where the bank is building a substantial retail and commercial network that answers any questions buyers raise about long-term commitment
Belgian bancassurance group KBC has reinvented its domestic custody and clearing business by adding execution and financing services to the mix, and offering a combined service throughout the major markets of Central and Eastern Europe, where the bank is building a substantial retail and commercial network that answers any questions buyers raise about long-term commitment
BNP Paribas Securities Services: What is it?
BNP Paribas Securities Services is the custodian that rivals and commentators find hardest to understand. It has taken more seriously than any other provider the mantra of the age of globalization—think global, act local—yet finds itself accused of wanting vision, scale and identity. Do its latest moves tell us anything more about the true personality of the bank?
BNP Paribas Securities Services is the custodian that rivals and commentators find hardest to understand. It has taken more seriously than any other provider the mantra of the age of globalization—think global, act local—yet finds itself accused of wanting vision, scale and identity. Do its latest moves tell us anything more about the true personality of the bank?
DANGEROUS REMEDIES
Special Report: German-Speaking Europe
FUND ADMINISTRATION
Cofunds hits the jackpot
Among the survivors of the Dot Com boom in the United Kingdom at the turn of the century is an investment platform called Cofunds. What began as a distribution platform for fund managers has morphed into something rather bigger than that: an outsourcing business that is laying waste to the traditional transfer agency business, and may just be the most interesting savings aggregation engine ever to have passed unnoticed by almost all of the major global custodian banks
Among the survivors of the Dot Com boom in the United Kingdom at the turn of the century is an investment platform called Cofunds. What began as a distribution platform for fund managers has morphed into something rather bigger than that: an outsourcing business that is laying waste to the traditional transfer agency business, and may just be the most interesting savings aggregation engine ever to have passed unnoticed by almost all of the major global custodian banks
OpHedge
With custodian banks expanding their alternative investment administration businesses, multiple start-ups getting into the business, and larger hedge fund groups now seeing the back and middle office as a profit rather than a cost center, hedge fund managers are not short of choice in administration, but OpHedge reckons it offers something different
With custodian banks expanding their alternative investment administration businesses, multiple start-ups getting into the business, and larger hedge fund groups now seeing the back and middle office as a profit rather than a cost center, hedge fund managers are not short of choice in administration, but OpHedge reckons it offers something different
Cover Story
BNP Paribas breaks into the big time
When the news broke in June this year that BNP Paribas had bought the equity prime brokerage business of Bank of America, more than a few hedge fund managers knew next to nothing about the French bank. But early indications are that they like what they have heard and seen so far. As importantly, the leadership of the business in New York is putting virtually no limits on their long-term ambitions
When the news broke in June this year that BNP Paribas had bought the equity prime brokerage business of Bank of America, more than a few hedge fund managers knew next to nothing about the French bank. But early indications are that they like what they have heard and seen so far. As importantly, the leadership of the business in New York is putting virtually no limits on their long-term ambitions
SUI GENERIS
Plan B
The demise of Bear Stearns is an unexpected, and largely undeserved, lifeline to the custodians
The demise of Bear Stearns is an unexpected, and largely undeserved, lifeline to the custodians