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The Lyxor CTA broad index underperformed last week, down 1.6 per cent with market neutral L/S Equity funds also in the red, according to Lyxor’s latest Weekly Brief. Global macro, L/S equity and event driven strategies were resilient.   Fixed income arbitrage and L/S credit outperformed overall (+0.4 per cent), though some managers ended the week in the red as well.   Lyxor maintains a high degree of conviction on the ability of fixed income arbitrage and non-directional L/S credit strategies to deliver attractive returns in 2017.   Lyxor’s cross asset team writes: “Overall, it looks like investors are looking
UCITS and AIF investment management company FundRock has appointed Irish funds lawyer Louise Harris to head up the legal and compliance function at its Irish branch.  Harris, a qualified barrister, moved from private practice into the financial services sector 10 years ago.   Since then Harris has held senior legal and compliance positions in regulated investment firms, including eight years as the head of legal and compliance and then general counsel of Abbey Capital Limited, an Irish multi-billion dollar alternative investment management company, with operations in the EU, the US, Bermuda and the Cayman Islands.   Harris’ expertise spans across
Demand for multi-asset funds continues to grow at a time when investors increasingly realise the importance of diversifying their return streams away from traditional asset classes.  In a recent Schroders multi-asset survey*, two-thirds of survey respondents said that they were currently using multi-asset funds, with 69 per cent citing their ability to deliver real returns with lower volatility than global equities as the main objective.  Moreover, since 2010, in the UK assets in Diversified Growth Funds (another name for multi-asset funds) have grown almost fivefold from GBP25 billion to GBP117 billion.  And with the macro environment set to remain
The total value of the funds business in Guernsey grew by more than GBP28 billion last year, with the net asset value of funds under management and administration up by GBP6.5 billion (2.6 per cent) during the fourth quarter of 2016, according to the Guernsey Financial Services Commission (GFSC). This built on the GBP21.9 billion growth during the first nine months of the year to take the total value of funds business in Guernsey to GBP255.9 billion at the end of December 2016.   “It is encouraging to see strong annual growth in Guernsey’s funds sector,” says Guernsey Finance chief
Arqaam Capital, an emerging markets investment bank, has launched a global macro multi-asset fund as part of its growth-led strategy and diversification into the alternatives space. The Arqaam Global Macro Fund (AGMF) is a global macro systematic fund invested in liquid and transparent global markets.   It has its origins in a combined technology and trading experience, acquired by team members over decades at Arqaam Capital, Areski Capital and top-tier international investment banks and leading hedge fund managers. The fund will be managed by Areski Iberrakene as chief investment officer.    Prior to co-founding Areski Capital, Iberrakene was global co-head
Solactive has expanded its smart beta offering with the launch two indices in the infrastructure space, the Solactive Global Infrastructure High Income Index and the Solactive Global Infrastructure Income Index. These indices offer exposure to an investible basket of infrastructure companies from developed markets screened for high dividend yield and low volatility.   The Solactive Global Infrastructure High Income Index offers more focus on dividend income, by only selecting stocks that are expected to pay a dividend in the next quarter. The indices are licensed to JP Morgan who will develop structured products for their distributor clients.   Infrastructure has
Quintillion Limited, the European-based affiliate of US Bancorp Fund Services, has been awarded Best UCITS Liquid Alternative Fund Administrator at the 2017 Hedgeweek Global Awards in London. The awards celebrate the achievements and accomplishments of the past year among leading hedge fund managers and service providers.   “We are honoured to be recognised as the leading UCITS liquid alternative fund administrator,” says Linda Gorman (pictured), CEO of Quintillion. “We take pride in putting our strength and integrity into every relationship. Our team works diligently to understand the unique needs of our clients and provide a customised servicing solution.”   The
When it comes to doing business in a new jurisdiction, someone who has just gone through the process of opening a new office can offer the best insights. In that context, Centaur Fund Services, which provides fund administration services to some of the world's largest institutions, is perfectly placed.  Centaur was established in Dublin in 2009 by three founding partners: Eric Bertrand (pictured), Ronan Daly and Karen Malone. All three had formerly worked in Bermuda and as senior managers within Hemisphere Management, Bisys Hedge Fund Services and Citi Hedge Fund Services between 1997 and 2009.  The recently opened Bermuda office, says
Harbour Financial Services Limited is an independent fund administrator that has earned a strong reputation in Bermuda for providing award-winning service to a range of alternative investment and private equity funds.  Brian McDevitt, a seasoned executive within the Bermuda industry, is Chief Operating Officer. Since joining Harbour he has implemented a market-leading accounting and technology platform and his presence has attracted the right talent to drive the business forward.  McDevitt reports: "The fund administration business tends to be quite fluid so far as human capital is concerned. We have a stable employee base and each of our staff members has experience
To investigate the extent to which technology is disrupting the financial services sector, KPMG recently partnered with the Alternative Investment Management Association (AIMA) and the Managed Funds Association (MFA) to determine how managers are responding.  More than 100 hedge funds with approximately USD300 billion in AUM responded to the online survey and the findings of the report were clear: 94 per cent of managers, for example, feel that technology will have an impact on their business over the next five years. Some 90 per cent identified improved controls and compliance as a primary reason for investing in technology, with 78

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