Deals & People October 28, 2013

Fidelity, CAIS Team in Alt Investment Alliance

About 3,500 wealth management firms that custody at Fidelity will gain access to alternative investment funds, including hedge funds and private equity funds, through a strategic alliance with CAIS.
Reported by

Fidelity custodial clients—including registered investment advisers, broker/dealers and other financial intermediaries—will benefit from the elimination of annual custody-related fees for all fund orders executed through CAIS and held at Fidelity. Firms gain an integrated Fidelity-CAIS technology experience with streamlined workflow and above-the-line reporting. According to a statement from CAIS, advisers will be able to access funds at greatly reduced pricing—thousands, rather than millions of dollars.

CAIS allows firms access to a menu of hedge funds and private equity funds, with lower investment minimums. Other features are: independent, third-party due diligence and monitoring on all funds provided by Mercer; portfolio construction and performance analytics tools; electronic trade execution; and fund support and education.

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

CAIS is an independent marketplace for financial services, providing efficient access and execution to a institutional funds and products.

Products October 28, 2013

BNY Mellon Adds New Risk-Related Service

BNY Mellon has added the Liquidity Aggregator to its risk and collateral management-related services.
Reported by

“As markets expand globally, the need to analyze and quantify your portfolio return and liquidity risk is paramount. The Liquidity Aggregator offers clients a deeper view of exposure and risk, which is essential to managing their investments,” said Kurt Woetzel, CEO of BNY Mellon’s Global Collateral Services.

The Liquidity Aggregator system was designed to help clients actively monitor and help to control liquidity risk exposures and manage funding needs. It considers such factors as account security types, country and region of exposure, country and region of risk, and weighted average yields and maturities.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

In addition, clients will be able examine their entire investment portfolio to view:

  • Exposure across all funds with positions;
  • Money market mutual fund full holdings in a single place;
  • Largest holdings in the portfolio by security type and issuer across multiple funds, with the ability to determine shared securities; and
  • Trends and reporting for month’s end and at six-month intervals for money market mutual funds daily yields.

BNY Mellon’s Global Collateral Services helps clients address collateral, liquidity and securities financing needs. BNY Mellon is a provider of financial services for institutions, corporations or individual investors.

«