Fund administration

Ultimus Experiences Firm-Wide Growth, Boosting AUA over $500B

Retrieved on: 
Tuesday, January 16, 2024
Global Custodian, Accounting, Human back, API, Treasury, Investment, Data management, Automation, Fund administration, Growth, Renewable energy

Gary Tenkman, Ultimus Chief Executive Officer, comments on the firm’s ability to consistently provide high level customer service throughout Ultimus’ growth phases stating, “Ultimus’ hyper-sensitive focus on delivering high-quality client service enhances our ability to successfully differentiate ourselves from our competitors.

Key Points: 
  • Gary Tenkman, Ultimus Chief Executive Officer, comments on the firm’s ability to consistently provide high level customer service throughout Ultimus’ growth phases stating, “Ultimus’ hyper-sensitive focus on delivering high-quality client service enhances our ability to successfully differentiate ourselves from our competitors.
  • Ultimus focuses on providing registered and private fund managers with optionality for their fund administration and middle office needs.
  • In a recent fund conversion from another service provider to Ultimus, a new client stated “The conversion itself felt seamless.
  • Contributing to the influx of new business, Ultimus has a known reputation for award-winning client service and award-winning technology applications.

Harbert Management Corporation included in 2023 Pensions & Investments Best Places to Work in Money Management

Retrieved on: 
Monday, December 11, 2023
Crain Communications, Culture, Philosophy, HMC, Research, News, Harbert Management Corporation, Social responsibility, Fund administration, Pension, History, P&I, Management

BIRMINGHAM, Ala., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Harbert Management Corporation (“HMC”) has been voted one of the Best Places to Work in Money Management for the fifth year in a row.

Key Points: 
  • BIRMINGHAM, Ala., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Harbert Management Corporation (“HMC”) has been voted one of the Best Places to Work in Money Management for the fifth year in a row.
  • Presented by Pensions & Investments, the global news source of money management and institutional investing, the 12th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.
  • HMC prides itself on its history of managing the firm and investment strategies with the utmost integrity.
  • “Pensions & Investments is proud to honor the Best Places to Work in Money Management for the 12th year.

FINCAP Advisers Group of companies joins Russell Bedford in Cyprus

Retrieved on: 
Friday, December 1, 2023
Ministry, ICAEW, Accounting, NAV, Risk management, Cyprus Stock Exchange, CFO, DCM, Fund administration, Insurance, Central office, UCITS, Certified Public Accountant, Regulatory technology, CISO, Conference, Attitude, Labour, Management, AML, Growth, Knowledge, Human resources, ECM, VAT, Financial services, Audit, Cryptocurrency

LONDON, Dec. 1, 2023 /PRNewswire-PRWeb/ -- Global professional services network, Russell Bedford International, has announced the appointment of FINCAP Advisers Ltd ("FINCAP") and its related subsidiaries (Reg4Tech Ltd, Finmatek Ltd and Fincap Fund Solutions Ltd) as an additional network member in Cyprus.

Key Points: 
  • During the visit, Russell Bedford CEO, Stephen Hamlet, presented an official Russell Bedford plaque to managing partner of FINCAP, Demetris A. Tsingis.
  • Speaking about the appointment, Russell Bedford CEO, Stephen Hamlet, said: "I am delighted to welcome FINCAP Advisers Group of companies as an additional member firm in Cyprus.
  • Demetris A. Tsingis, managing partner of FINCAP Advisers, added: "Joining Russell Bedford International is an exciting and strategic move for FINCAP and our people.
  • Emmanuel Dupeux, Russell Bedford global board director for EMEA, added: "I'm very pleased to welcome FINCAP Advisers to our network in Cyprus.

4Pines and Cascata Solutions Raising the Bar with Digital Waterfall Services

Retrieved on: 
Wednesday, November 1, 2023
Consultant, Cascata, Cascata del Serpente, Environment, Disclosure, Accounting, Partnership, Microsoft Excel, Fund administration, Cryptocurrency, Risk management

NEW YORK, Nov. 1, 2023 /PRNewswire-PRWeb/ -- Fund Administration is historically reactive because of ad hoc and disconnected solutions leaving fund managers exposed and unaware of operating risk from important yet time-consuming administration tasks such as distribution waterfall – the accounting and disclosure of carried interest. The industry fund accounting operating standard is more often manual and Excel-based with limited system and data integration, resulting in inefficiencies, increased operating costs and regulatory scrutiny.

Key Points: 
  • 4Pines Fund Services ( www.4pinesfs.com ), the leading alternative investment fund administrator, and Cascata Solutions ( www.cascata-solutions.com ), the leading automated waterfall fund administration software provider, are pleased to announce a strategic partnership that will deliver a modern, digital experience for back-office carried interest, management fee and expense accounting and administration for 4Pines' clients spanning private equity, private credit, real estate, hedge funds and hybrid funds.
  • The industry fund accounting operating standard is more often manual and Excel-based with limited system and data integration, resulting in inefficiencies, increased operating costs and regulatory scrutiny.
  • "We are privileged to work with a growing community of fund administrators like 4Pines that are taking a leadership position to deliver digital-enabled waterfall services leveraging the Cascata platform.
  • This coupled with our market momentum with clients and strategic partners is what sets us apart", says Charles Dooley, Cascata CEO.

Goal Solutions Launches Comprehensive Fund Administration Services

Retrieved on: 
Wednesday, October 18, 2023
Treasury, Fund administration, Data, Treasury services, Growth, NAV, Cash management, Accounting, SAN, SPV, Bank

SAN DIEGO, Oct. 18, 2023 /PRNewswire/ -- Goal Solutions, a recognized leader in innovative financial services, is excited to announce the expansion of its service portfolio to include Fund Administration, marking a significant milestone in the company's growth and commitment to meeting the comprehensive needs of its clients.

Key Points: 
  • SAN DIEGO, Oct. 18, 2023 /PRNewswire/ -- Goal Solutions, a recognized leader in innovative financial services, is excited to announce the expansion of its service portfolio to include Fund Administration, marking a significant milestone in the company's growth and commitment to meeting the comprehensive needs of its clients.
  • Goal Solution's Fund Administration services include Reporting and Financials that offer real-time insights into fund performance and financial health, detailed NAV reports, capital call and distribution reports, and borrowing base calculations as well as Cash Management and Treasury Services to optimize liquidity and ensure funds are effectively managed.
  • Matt Myers, President and CEO, expressed excitement about this new development, stating, "We are proud to expand our services to include Fund Administration, which aligns seamlessly with our mission to provide comprehensive solutions for current and future partners.
  • Goal's Fund Administration services come at a time when direct lending is rapidly expanding, and consumer lending presents a generational opportunity for credit funds.

Introducing Simplici: End-To-End Onboarding & Compliance in under 4-Minutes

Retrieved on: 
Thursday, October 12, 2023
RTP, Friction, KYC, AI, Communication, The Clearing House Payments Company, ACH, AML, Fund administration, Cryptocurrency, Audit, Accreditation, Simplicial set

HOUSTON, Oct. 12, 2023 /PRNewswire/ -- Satschel, Inc. is excited to introduce Simplici (simplici.io), a mobile-first, end-to-end account origination platform using AI and biometrics to remove friction, expediting Know You Customer (KYC/KYB), Anti-Money Laundering (AML), Accreditation, with integrated E-sign (SimpliciSign), allowing customers to onboard and transfer funds to new financial account in 3-4 minutes.  Simplici biometrics can drastically mitigate p2p payment fraud (e.g. Zelle) and be placed in front of transactions (RTP, Wire, ACH, etc.), providing financial institutions and their customers next-gen security with a best-in-class user interface at a fraction of the cost. 

Key Points: 
  • Welcome to the Future of Onboarding and Compliance.
  • Sign up on Simplici with five free invites to see how we're revolutionizing onboarding and compliance and transforming how companies engage with customers while keeping security at the forefront.
  • Simplici harnesses proprietary biometrics to streamline customer onboarding and mitigate fraud while exceeding today's rigorous compliance standards.
  • Simplici has taken up the challenge, transforming the user interface into a hassle-free experience and simplifying compliance management.

Notice of Approved Distribution Plan in the Matter of MagnaChip Semiconductor Corporation, and Margaret Hye-Ryoung Sakai, CPA, Admin. Proc. File No. 3-17956

Retrieved on: 
Tuesday, August 8, 2023
Fund administration, MX, Fair Fund, Class, Commission, Administration, Record, Class Action, Documentation, Order, Sarbanes, CPA, COMMON, Security (finance), Sarbanes–Oxley Act, Securities Class Action, Fund, Book, Cryptocurrency, Life insurance

Please carefully read the notice below for important information regarding this distribution.

Key Points: 
  • Please carefully read the notice below for important information regarding this distribution.
  • The Order required the Respondents to pay $3,134,999.99 in civil money penalties to the Commission so it can be distributed to harmed investors.
  • Additional information regarding the MagnaChip Fair Fund, including the Distribution Plan and related documents are available on the Fund Administrator’s website, www.strategicclaims.net/secvmagnachip .
  • If you have a question regarding the MagnaChip Fair Fund, the Distribution Plan, or your eligibility for a distribution under the Distribution Plan that is not answered on the website, please contact the Fund Administrator at:

Securities & Exchange Commission Approves the Plan of Distribution for the RBS Securities Fair Fund

Retrieved on: 
Tuesday, July 4, 2023
Judgement, Person, The Final Judgment, Notice, Investment, RBS, Court, WITH, SIGN, Defendant, Plan, Fair Fund, OR, Info, The Commission, Security (finance), Safety, SEE, LLP, NOT, Final, NatWest Markets, Documentation, Fund administration, Complaint, FORM, Fund, Last Judgment, MUST, Life insurance, Cryptocurrency, United States Postal Service

The purpose of this Notice is to inform you that you may be entitled to share in the proceeds of the Fair Fund described herein.

Key Points: 
  • The purpose of this Notice is to inform you that you may be entitled to share in the proceeds of the Fair Fund described herein.
  • To be potentially eligible to share in the Fair Fund, you must file a Proof of Claim Form in accordance with the steps set forth in this Notice and in the Distribution Plan (the "Plan") approved by the Securities and Exchange Commission ("SEC" or the "Commission").
  • On November 7, 2013, the SEC brought suit against Defendant RBS Securities Inc. ("RBS" or "Defendant"), formerly known as Greenwich Capital Markets, Inc.
  • You may obtain additional information or request copies of forms and notices by calling the RBS Securities Inc. Fair Fund's toll-free hotline at (877) 940-1507 in the United States, or by email at [email protected] .

Juniper Square Appoints Former SS&C Executive Christine Egbert As General Manager, Fund Administration

Retrieved on: 
Tuesday, June 27, 2023
AUA, SAN, Growth, SS&C Technologies, Partnership, SS, Face, Workflow, Fund administration, GP, Accounting, Financial services

SAN FRANCISCO, June 27, 2023 /PRNewswire/ -- Juniper Square , the leading provider of partnership enablement to the private funds industry, today announced the hiring of Christine Egbert as General Manager, Fund Administration.

Key Points: 
  • SAN FRANCISCO, June 27, 2023 /PRNewswire/ -- Juniper Square , the leading provider of partnership enablement to the private funds industry, today announced the hiring of Christine Egbert as General Manager, Fund Administration.
  • As General Manager, Christine will be the senior executive responsible for scaling Juniper Square's fund administration offerings to meet the needs of the world's most sophisticated and demanding private funds managers.
  • There, Christine oversaw the teams responsible for delivering global fund administration solutions to private equity, venture, infrastructure, private debt, fund of funds, and real asset clients.
  • "In the past year, Juniper Square Administration more than doubled its clients, assets under administration (AUA), and funds served," said Andina Anderson, Chief Customer Officer at Juniper Square.

JTC's 2022 Financial Report Displays Impressive Growth Due to New Services and Business Wins

Retrieved on: 
Thursday, April 20, 2023
Fund administration, JTC, Acquisition, SAN, Growth, FTSE, News, Cryptocurrency

SAN JOSE, Calif., April 20, 2023 /PRNewswire-PRWeb/ -- JTC Group continued its streak of providing good news to its shareholders this week with the announcement of full year results for its financial year ending December 31st, 2022, which included significant growth over the previous year, making last year arguably the company's best ever.

Key Points: 
  • The rapidly-expanding financial services firm continued to make gains in the US, among many other achievements from 2022.
  • JTC is a global financial services leader offering solutions for both institutional and private clients, including fund, corporate, banking, tax compliance, and private office services.
  • The US is now the company's second-largest revenue contributor, with significant growth in both Institutional and Private Client Services.
  • This includes the 2022 acquisition of New York Private Trust Company (NYPTC), further developing JTC's US domestic trust service offerings.