Digital Assets Report

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From a structuring perspective, infrastructure funds are most frequently established as either a limited partnership or a limited company. Partnerships are the familiar vehicle for private funds, whereas companies will be used for listed vehicles.  Obviously there will be nuances, depending on the asset class and the type of investors being targeted. “You can give limited companies characteristics that resemble a limited partnership, particularly in offshore jurisdictions like Guernsey, but generally it will be one of the two options described,” says Craig Cordle (pictured), investment funds Group Partner from Ogier in Guernsey.  There are some inherent difficulties with infrastructure funds,
Cetera Financial Institutions (CFI), part of Cetera Financial Group, has appointed industry veteran Britt Woods as vice president, head of relationship management, effective immediately.   In his new role overseeing adviser recruiting and business consulting activities for CFI, Woods will report directly to the firm’s president, LeAnn Rummel. He will be based in Franklin, TN, while spending significant time in the field with CFI’s business consultants and recruiters, together with the bank and credit union wealth management programs and financial advisors they support.    Cetera Financial Institutions is the Cetera firm specifically focused on serving the wealth management programs of banks
Irish Funds, the representative body for the cross-border investment funds industry in Ireland, has launched a guidebook for Chinese asset managers in partnership with the Asset Management Association of China (AMAC).   The Guidebook is the latest initiative in the funds industry’s ongoing drive to develop and grow the industry in Ireland by partnering with the global asset management community.   By bringing together the unique skills and expertise of both the Chinese and Irish industries it provides a foundation for greater understanding and cooperation.   The Guidebook provides a detailed set of resources to support inbound investment and the
Liquidnet, the global institutional trading network, has appointed Stephen Grady as non-executive director of Liquidnet Europe.   Grady will bring more than 20 years of experience in managing trading functions.     Mark Pumfrey, head of Liquidnet EMEA, says: “We are looking forward to Stephen joining as Non-Executive Director and providing strategic counsel to Liquidnet as it continues to expand its business across the EMEA region, with an overall focus on augmenting global membership.”   Recently appointed as head of market structure and strategy at Ipreo, Grady was global head of trading of Legal & General’s investment management arm since
Systematic Alpha Management (SAM) has been trading the Systematic Alpha Intraday Program live on the dbSelect platform.   The programme carries no risk, positions or margin overnight.   “The intraday program is a unique investment offering which, in contrast to most CTAs, generates its trading signals based on the changes in volatility in a particular market, as opposed to price changes,” says Peter Kambolin, SAM’s CEO.   “One of the reasons our returns are often negatively correlated to other managers is because the intraday program avoids having any risk overnight, which on average represents up to 40 per cent of
NEX Markets, a NEX Group business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, plans to adopt the FX Code of Conduct principles across its FX trading platforms.   NEX Markets played an active role in the development of the code, with Darryl Hooker, global head of spot and metals and head of FX EMEA, representing NEX on the Market Participants Group (MPG), a working group for those in the private sector engaged in developing the code.   Seth Johnson, CEO of NEX Markets, says: “The creation of this code, and the strong
IHS Markit, a specialist in critical information, analytics and solutions, has launched its Outreach360 platform which is available on Counterparty Manager.   Outreach360 is designed to address specific MiFID II regulatory rules including the need to manage and share documentation as well as address regulatory outreach and repapering between counterparties.   The platform also supports outreach for KYC (Know Your Customer), tax and global regulatory data including due diligence questionnaires.   Outreach360 provides a single, standardised way to streamline bilateral communications and efficiently manage counterparty outreach campaigns. It enables firms to centralise information by creating, sending and receiving notifications in
Wilshire Associates has launched a new Powered by Wilshire index, the BRI Dynamic Growth & Value Index (BRIDGV).   Created and owned by BRI Partners and calculated by Wilshire, the new index is designed to deliver a true benchmark and efficient investible access to the long-only beta risk of equity hedge fund strategies.   The BRI Dynamic Growth & Value Index uses a systematic, rules-based approach to create a dynamic portfolio of equities that deliver the same risk/return profile as the long component of equity hedge funds. The index leverages various selection criteria metrics such as value, growth and volatility to
Instinet has launched RQ Connect (Research Quality Connect), a provider-neutral application within its research payment and commission management platform, Plazma.   RQ Connect enables research procurement management (RPM) systems to transfer research quality assessment data to Plazma. Investment managers can review, edit and confirm this information on their desktop, and seamlessly authorise payments, notably through Instinet Europe’s certified Payment Institution license in Europe.   RQ Connect unifies outside evaluation and budgeting processes with the established payment processes of Plazma.   “Instinet is committed to innovating and adding value for clients, which means giving them options. RQ Connect offers clients the
Cordium, a provider of governance, risk and compliance services, has expanded its compliance services for US and foreign broker-dealers and investment advisers with the launch of a new regulatory hosting solution in the US.     This platform complements the firm’s existing offerings of guiding firms through US Securities and Exchange Commission (SEC) registration and Financial Industry Regulatory Authority (FINRA) membership and providing ongoing compliance services.   The expansion will allow Cordium to support financial services clients who need to start marketing without the need for SEC registration or FINRA membership, especially where this activity does not justify the cost

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