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Crestbridge has provided a range of fund and corporate administration services in the establishment of Jersey-regulated fund EJF Investments and its listing on the Specialist Fund Segment of the London Stock Exchange.
A closed-ended investment company, EJF Investments Limited is managed by an affiliate of US-based EJF Capital, the USD7.4 billion hedge fund which invests across debt, equity and securitisation assets.
The newly established Jersey fund, listed with an initial share capital of almost GBP70 million in April 2017, will invest in opportunities created by regulatory and structural changes impacting the financial services sector, including in asset-backed securities, distressed
- 12/05/2017
Hedge funds investing in emerging markets extended their Q1 surge into April, with performance led by emerging Asia, including India and China, according to the latest HFR Emerging Markets Hedge Fund Industry Report.
The HFRI EM: India Index climbed 5.63 per cent in April, extending the 2017 gain to 22.1 per cent and representing the strongest start to a year on record.
Total capital invested in emerging markets (EM) hedge funds reached an all-time high in 1Q, rising to USD205.8 billion, the third consecutive quarterly record. As previously reported by HFR, total hedge fund assets globally increased to USD3.07
- 12/05/2017
Feeling awash in a sea of data? You’re not alone. Data has become ubiquitous. We collect it, store it, sort it and try to make use of it. Regulators and investors demand it. Many organisations feel overwhelmed by it. Fortunately, it is possible to tame it.
A recent survey of asset managers globally by Northern Trust and the Economist Intelligence Unit (EIU) found that, on the whole, the industry has capitalised on the explosion of available data, but some firms are benefiting significantly more than others. In fact, only 13% of managers surveyed felt that their data strategy was entirely
- 12/05/2017
- 12/05/2017
The asset management industry is one of many industries in the middle of a digital disruption. It can’t be stopped and the industry needs to adapt.
I have worked with my team at Northern Trust on how we respond to changes in our business environment, and more importantly, how we help our clients respond. More than anything else, creating a focused technological operational strategy is critical. The right strategy merges pre-existing work and tools with things specifically designed to meet today’s digital landscape. We need to focus our approach rather than initiate a wholesale replacement of products and strategies.
I
- 12/05/2017
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
- 12/05/2017
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
- 12/05/2017
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
- 12/05/2017
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
- 12/05/2017
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
- 11/05/2017
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
- 11/05/2017
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