SuMiTB was also looking for the solution with a single common database to facilitate its global system management while overcoming the induced challenges of time zones, volume and confidentiality across offices.
'Despite negative fund sales so far this year, markets have actually started off on a bit of a tear, rebounding sharply from a weak end to 2018,' said Laith Khalaf, senior analyst at Hargreaves Lansdown.
Allocations to hedge funds remain stable overall, but investors are giving money to fewer managers, according to a Credit Suisse survey.
Some of them will have put up the $15,000 ticket cost out of their own deep pockets, others might have got the shareholders to do so.
Options for consumers could include a repayment plan, conversion, a remortgage, a property sale or litigation, but the partnership said both the customer and lender would be engaged throughout the journey to resolution.
The fund attracted more than 30 investors from North America, Europe, Australia and the Middle East, including pension funds, insurance companies, financial institutions, high-net-worth individuals and foundations.
In addition, the CCR approved four Invesco ETFs, including the Invesco EQQQ Nasdaq-100 Ucits ETF, and 11 BlackRock iShares vehicles, including the iShares Edge MSCI Europe Momentum Factor Ucits ETF.