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Fund services provider Butterfield Fulcrum Group has announced the successful completion of an examination of its global middle and back office, fund administration solutions and services for the SOC 1 Type II Certification. A big four audit firm has...

Bermuda-based Revelation Capital Management Ltd (formerly Osmium Capital) has announced a series of new appointments to its team. The company has appointed Constantin Lykham as senior portfolio manager, bring a wealth of experience in arbitrage. Mr L...

Liquidators of two Bermuda-incorporated funds should have their proceedings recognised as a foreign action in order to investigate the funds’ financial affairs and to distribute recovered property to the creditors, a judge has concluded. Bankruptcy J...

Bermuda-based fund administrator Prime Management Ltd achieved a score of 6.7 out of 7 in the annual Global Custodian Hedge Fund Administration Survey. Prime also received “Best in Class” awards in more than 90 percent of its eligible categories. Jo...

The introduction of Alternative Fund Managers Directive (AIFMD) was top of the agenda for Business Bermuda at the Geneva Hedge Fund Re-domiciliation conference for Managers & Funds in Switzerland this week. The one-day event, which was held at the St...

Omnium LLC, a hedge fund administrator with operations in Bermuda with approximately $70 billion in assets under administration, is set to be acquired by leading asset service provider Northern Trust, it was announced yesterday. The takeover, which i...

Bermuda-based Meridian Global Fund Services Group has announced the implementation of a managed hosting solution which moves its core IT infrastructure and data into a secure cloud environment. The fund administrator has partnered with 6fusion, a clo...