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Carey Olsen's corporate team in Guernsey has been the first to establish a Guernsey Private Investment Fund (PIF) since the new class was introduced.
Partner Christopher Anderson (pictured) led the Carey Olsen team advising specialist private investment firm Cairngorm Capital Partners on the GBP107.5 million final closing of its second fund, Cairngorm Capital II.
Cairngorm II is the first Guernsey fund to be established as a PIF since the Guernsey Financial Services Commission (GFSC) licensed and registered PIFs class was introduced on 16 November 2016.
The team, including senior associate John Scanlan and associate Colin Calvert, advised on
- 18/04/2017
Investoo Group, one of the world’s biggest FX affiliates, has acquired 100ForexBrokers.com in what is the group’s largest acquisition to date.
100ForexBrokers.com, launched in 2012, is one of the world’s biggest Forex broker comparison sites with 60,000+ unique visitors per month and 100s of real user reviews.
Adam Grunwerg, CEO of Investoo Group, says: “This acquisition generates a huge boost to our company revenues and user base. 100ForexBrokers.com is already one of the world’s biggest Forex broker comparison websites. We aim to capitalise on the 100ForexBrokers.com acquisition by improving its existing commercial arrangements, adding new languages and launching a
- 18/04/2017
Hedge funds proved resilient during last week, most strategies being positive despite political and geopolitical stress including tensions between the US and North Korea.
CTA funds were the downside exception, dragged by their long in equities and shorts in energy.
Merger funds, on the upside, were boosted by the end of the legal battle over the Abbott acquisition of Alere, and by the bidding war over the generic drugs producer Stada.
Funds at Lyxor did not meaningfully alter their positions this week. CTAs remain long equities, macro funds keep limited and relative exposures, L/S equity US funds are
- 18/04/2017
Due diligence company Castle Hall Alternatives has expanded its OpsMonitor due diligence monitoring platform with a range of new features, accessed through the firm’s DueDiligenceProfessional online app, include detailed financial statement and ADV reviews, dashboards and analytics.
“Diligence monitoring is the foundation of any effective due diligence program,” says Chris Addy (pictured), Castle Hall’s president and CEO. “However, many aspects of manager monitoring are challenging to implement. The financial statement review process, for example, is time compressed, the workload can be voluminous, and spreadsheets are inflexible and cumbersome as reporting tools. Above all, how does the diligence team validate that
- 18/04/2017
FlexTrade Systems, a provider of multi-asset execution and order management systems, has launched FlexAR – an augmented reality trading application offering a new way of visualising and presenting trading via the company’s FlexTRADER EMS.
FlexAR builds on existing technology and APIs within FlexTRADER’s open architecture offering an interactive order blotter, trade ticket and charting, all presented in a virtual space.
Components can be placed throughout the real world, allowing traders to see and interact with the markets in a completely unique manner.
Andy Mahoney (pictured), business development director of FlexTrade UK, says: “With consumer technology evolving at such a rapid
- 18/04/2017
INTL FCStone's Precious Metals division is now a direct participant to the London Bullion Market Association (LBMA) Gold Auction.
ICE Benchmark Administration (IBA) introduced central clearing to the twice-daily London gold auction, removing the need for firms to have significant bilateral credit lines in place with each other to become a direct participant.
INTL FCStone joins nine other firms taking part in the auction process.
"To be a direct participant of the LBMA Gold Auction is a major step for INTL FCStone," says Barry Canham (pictured), global head of precious metals. "We are continually driving our business forward
- 18/04/2017
For private equity fund managers, the daily task list is growing in both its length and its complexity – and in many cases, these tasks fall outside the scope of a manager’s expertise or general interest. Technology, for example, is not a hidden skill most fund managers or C-level execs can tout. And as IT evolves and its complexity grows, many private equity firms are looking for opportunities to evolve the back office and leverage outsourced support – freeing up managers to spend more time on what they do best – raising and investing in successful funds.
Drivers for back
- 18/04/2017
The hedge fund industry continued its positive start to the year with another month of gains in March with the Preqin All-Strategies Hedge Fund benchmark recording returns of 0.68 per cent through the month, building on gains of 1.01 per cent and 1.46 per cent in February and January, respectively.
Q1 2017 performance now stands at 3.18 per cent, which marks the best opening quarter performance since 2013, as hedge funds sustained their recent strong performance. With just one month of losses recorded since February 2016, the industry has now returned 11.61 per cent over a 12-month period.
Event driven
- 14/04/2017
Rocaton Investment Advisors has formed a partnership with SAF Platform, a New York City based financial technology firm to offer offer private capital and hedge fund research to institutional investors.
Potential clients include endowments, foundations, insurance companies, pension funds, family offices, and registered investment advisors.
"Rocaton is singularly focused on our clients' success, and a cornerstone of that success is objective investment research. Our experienced and dedicated team of research professionals analyse investment themes, managers and strategies to deliver a comprehensive evaluation of each opportunity," says Robin Pellish, CEO, Rocaton. “We see the growing need for high quality, unbiased investment
- 14/04/2017
The gross return of the SS&C GlobeOp Hedge Fund Performance Index measured 0.30 per cent in March while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.90 per cent in April.
"The increase of 0.90 per cent for SS&C GlobeOp's Capital Movement Index for April 2017 is a very strong result, especially considering the month of April typically sees net outflows," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.
"For example, the 0.90 per cent gain for the April 2017 compares to -1.18 per cent a year ago for April 2016. In
- 13/04/2017
- 13/04/2017
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