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In response to growing demand for alternative assets, many fund managers are looking to either add these strategies to their product suite or branch into new sectors. But fund managers must balance boosting investor reach and product range with specialist regulatory and administrative demands. If you are contemplating a move into alternatives, finding an effective service provider is crucial. The right partner can offer the solutions, scale and market expertise you need to achieve success. Here are 10 questions every manager should ask when evaluating service providers: 1. DO YOU OFFER SERVICES TO ALTERNATIVE ASSET MANAGERS AND ASSET OWNERS?  Appointing
Aequitas NEO Exchange has been designated a Qualified Foreign Exchange by OTC Markets Group, effective 29 March 2017. NEO-listed companies may now apply to qualify for trading on the OTCQX and OTCQB markets in the US.   The OTCQX and OTCQB markets allow companies to establish an efficient and cost effective secondary market to reach the US-based investment community, without a US exchange listing.   “We are proud to receive this designation from OTC Markets as it expands the international scope of our listings business and further establishes our place in the global markets,” says Jos Schmitt (pictured), president and
Alternative asset manager Steben & Company’s Steben Managed Futures Strategy Fund has achieved an overall and three-year period 4-Star Morningstar Rating for its Class I Shares (SKLIX) among 95 funds in the managed futures category based on risk-adjusted returns as of 30 April 2017. The fund is a multi-adviser mutual fund that seeks positive long-term absolute returns in rising and falling markets as it maintains a low correlation to traditional equity and bond investments.   The fund is comprised of an actively managed allocation to select managed futures trading advisors within a cost efficient structure that does not charge any
The gross return of the SS&C GlobeOp Hedge Fund Performance Index April 2017 measured 0.43 per cent while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.44 per cent in May. “SS&C GlobeOp’s Capital Movement Index showed an increase of 0.44 per cent for May 2017, down slightly from the 0.48 per cent reported a year ago for May 2016,” says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. “This result is well within the range of normal variation and indicates stability in investors’ allocations to hedge funds.”   The SS&C GlobeOp Hedge
Citi has joined the Series A funding round for Axoni, a provider of distributed ledger technology to the financial services industry, bringing the total amount raised to over USD20 million. Citi joins other Series A investors, including Wells Fargo, NEX Group, JP Morgan, Goldman Sachs, Thomson Reuters, F-Prime Capital, Andreessen Horowitz, DCG, and others.   Axoni and Citi have collaborated on a number of high-profile distributed ledger deployments that have validated the technology and its benefits of data synchronisation, automation, and auditability to market participants.   Projects to date include the optimisation of post-trade data management for credit default swaps
Management and technology consultancy BearingPoint has enhanced its ABACUS/Transactions product, a module-based standard software solution for transaction reporting, by incorporating an MiFIR module to facilitate compliance with the regulatory reporting requirements under MiFID II/MiFIR. The revised Markets in Financial Instruments Directive (MiFID II) and the accompanying Markets in Financial Instruments Regulation (MiFIR) take effect on 3 January 2018.   In the aftermath of the financial crisis, a new legislative framework was designed to significantly extend the applicable transparency guidelines under MiFID I and to stabilise and realign the infrastructure of financial markets.   The MiFID II/MiFIR transaction reporting covers an
TORA, a provider of cloud-based order and execution management system (OEMS), has launched the TORA Ticketing solution, which provides advanced pre- and post-trade allocation, trade reconciliation, commission management and investment book of records (IBOR) functionality. The new solution is available as a module within TORA’s OEMS and portfolio management system (PMS), or as a standalone application that can be integrated with third-party systems.   Global regulations have brought post-trade processes into the spotlight and are driving asset managers to become more operationally efficient.   MiFID II will require T+1 transaction reporting and more stringent commission tracking, the SEC has adopted
Medley Management, an alternative asset management firm, has appointed Christopher D Allen as a senior managing director and head of structured credit.  Allen was previously a founding partner at CVC Credit Partners, a global investment manager.   He co-founded Apidos Capital Management in 2005, which was merged with CVC Cordatus Group to form CVC Credit Partners in 2012. At Apidos, Allen oversaw the global leveraged loan platform, business development and strategic initiatives. At CVC Credit Partners, he held a number of roles including chief operating officer and head of structured finance origination.    “Chris is highly regarded for his expertise
Global Prime Partners has relocated to larger offices to accommodate growing business lines, rebranded as GPP and launched a new website. To date, 2017 has been all about growth and evolution at GPP. Demand for its core services – prime brokerage and clearing and custody – has been strong with the number of clients up 14 per cent year-on-year.   In February the firm launched a structured products business and is set to launch new wealth solutions and multi-asset execution business lines in the second half of 2017.   With this expansion came the need to relocate to larger offices
Garraway Capital Management, the London-based asset management firm has announced that Garraway Financial Trends is now available via platform provider Nucleus Financial, the wrap platform founded in 2006 by advisers. “Garraway Financial Trends is now available on thirteen platforms and is one of the most widely available funds in the managed futures UCITS sector,” says Yannis Katsis, who spearheads Garraway’s distribution strategy in the UK. “Increasing accessibility through a number of platforms will ensure that the Fund is even more widely available to investors seeking the valuable diversification benefits that managed futures can offer,” adds Katsis. Latest performance to the

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