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Mourant Ozannes’ investment funds team has established the first five Jersey Private Funds (JPF) since the new regime came into effect last month.   Introduced by the Jersey Financial Services Commission, the new JPF product has been designed to rationalise and consolidate Jersey’s private fund regimes for funds offered to up to 50 professional investors.   Mourant Ozannes partner Dan Birtwistle (pictured) says: “In a buoyant fund raising market, the new JPF regime has quickly been seized on by existing and new clients alike as an effective, streamlined and proportionate product for privately offered alternative investment funds. The speed and
Advent Capital Management has appointed Scott Reid to the newly created position of chief of staff and strategy.   Based in New York, Reid (pictured) reports to Tracy Maitland, president, and is responsible for implementing synergistic strategies to further enhance the quality of all current and new investment strategies and ensure that Advent continues to maintain a world class investment platform.   Advent’s new investment initiatives will leverage the firm’s core expertise and institutional platform while also developing and introducing value added solutions that will seek to offer structural alpha and positive asymmetry.   “Given the rapidly evolving asset management
BNP Paribas, Credit Suisse, Morgan Stanley and Societe Generale are among the latest clients to join Deutsche Bank, Goldman Sachs and JP Morgan in selecting Tradeweb’s Approved Publication Arrangement (APA) service.   The Tradeweb APA allows firms to meet pre- and post-trade transparency requirements across all instruments under the Markets in Financial Instruments Directive II (MiFID II).   Tradeweb Markets is a provider of fixed income, derivatives and ETF marketplaces.   “We are pleased to see an increasing number of major banks opting to join the Tradeweb APA service. Their commitment provides further assurances that, as part of the largest
Cloud computing has reached a tipping point, with capabilities and cost efficiencies exceeding those achieved via in-house data centres, according to a white paper from the Depository Trust & Clearing Corporation (DTCC).   In the paper, “Moving Financial Market Infrastructure to the Cloud,” DTCC asserts that the capabilities, resiliency and security of services provided by cloud vendors has surpassed on- premise capabilities.   As a result, DTCC will evaluate opportunities to strategically expand the use of the cloud more broadly across its external services and applications where it makes sense, with a goal of leveraging cloud capabilities to reduce risk
Voting for the for the 2017 edition of the annual Hedgeweek USA Awards is now open. These prestigious awards recognise excellence among hedge fund managers and service providers in the USA. Uniquely, our awards are based on a ‘peer review system’ whereby our readers – including institutional and high net worth investors as well as managers and other industry professionals at fund administrators, prime brokers, custodians and advisers – are invited to elect a ‘best in class’ in a series of categories via an online survey.   Please make your nominations by completing the survey. Please note that you can self-nominate and
The more competitive the capital raising market becomes, the more alternative fund managers are looking to get better control over the costs of this crucial exercise.  Rather than rely on traditional routes – placement agents, third party marketers, or investment banking capital introduction teams – London-based Murano gives the buy-side community the chance to take greater ownership of the asset raising cycle by bringing it back in-house.  Ole Rollag is Founder of Murano, a disintermediary that sits directly between investors and managers to help both parties make a relevant connection. By asking questions that are specific to its fund manager
FlexTrade, a provider of multi-asset execution and order management systems, has launched FlexAlgoWheel, a data-driven interface to algo selection that incorporates real-time internal and external inputs as well as TCA to optimise the broker and algo selection process.   According to Vijay Kedia, president and CEO of FlexTrade, an important, yet repetitive role of any trader is to select the right broker and algorithm based on a multitude of factors, such as order characteristics, portfolio manager instructions, market volatility and relative contribution to risk in the portfolio.   FlexAlgoWheel enables buy-side firms to configure a systematic and quantifiable decision matrix
DNCA Investments has launched its first onshore OEIC with the DNCA European Select Equity Fund.   DNCA Investments, an affiliate of Natixis Global Asset Management, says the fund will invest a minimum of 80 per cent of assets in European (excluding UK) equities and employs a value investment approach, seeking stocks that are undervalued yet demonstrate sustainable profitability and growth.   The DNCA European Select Equity Fund will be run by two portfolio managers. Both based in Paris, lead manager Isaac Chebar (pictured), and co-manager Don Fitzgerald have combined investment experience of more than 40 years.   Chebar and Fitzgerald
Fees across several asset classes have fallen, with global active equity fees down 8 per cent (24 per cent for low volatility), smart beta fees down 25 per cent, fund of hedge fund fees down 20 per cent (30 per cent in Europe) and private debt management fees down over 30 per cent due to recent pricing pressures, research from bfinance shows.   Yet greater allocations to private markets and new breeds of premium product have fuelled overall cost increases, on average, for sophisticated investors: a seemingly contradictory trend.   Although investors’ costs have never been more vigilantly scrutinised than
The Taiwan Futures Exchange (TAIFEX) has listed the first-ever US index futures contracts in Taiwan – S&P500 Futures and Dow Jones Industrial Average (DJIA) Futures, in parallel with the launch of an after-hour trading session.   The listing was marked by a launching ceremony attended by guests from its international partners, CME Group and Deutsche Börse, as well as representatives from regulators, the American Institute in Taiwan, the American Chamber of Commerce in Taipei, and the futures industry.   Len-Yu Liu (pictured), chairman of TAIFEX, says: “We are delighted to introduce two new offshore equity index futures products in response

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