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Q&A with Ivan Grech, Head of Business Development, FinanceMalta & Anatoli Grech, Executive Secretary of the Malta Funds Industry Association. What makes Malta’s funds industry an attractive proposition? Malta's reputation as a fund domicile was established with the island's accession to the European Union way back in May 2004. A robust yet flexible regulatory framework, a pro-business and accessible regulator and cost competitive highly skilled human resources have contributed to enable Malta set its mark as a reputable European fund domicile of choice. Testament to the robust structure and growth of the Malta Funds Industry is the `Most Favoured Fund
In a world where uncertainty appears to be replacing certainty, Guernsey is underlining its inherent stability amidst the changes that are affecting the regulatory, commercial and political realms.  Guernsey's place as a centre of excellence for fund administration should be well known: a burgeoning sector that's been flourishing for years. But the Channel Island is increasingly being seen as a location for the managers of those funds as well as their administrators.  The Island's state-backed promotional arm, Locate Guernsey, is a little over a year old and its Head, Richard Le Tocq (pictured), is bullish about Guernsey's offering: "I'm confident about
The Global Fund Media Guide to Relocation 2017 is the sixth edition of this unique online publication being made available to the 50,000-strong audience of investment managers, institutional investors and fund service providers who read GFM's family of investment management newswires daily. The focus of the Guide is to help managers, promoters and their advisers decide where best to locate their investment funds – and themselves – and complements the daily news, special reports and fund data delivered through our specialised investment management portals (see below for complete list). This edition of the Guide draws together in one volume the
First Names Group’s fund services business Moore Management has appointed Scott Madden as funds director. Based in Moore’s head office in Jersey, Madden (pictured) brings with him operational and technical experience including significant skills in organic and inorganic build-outs.   Prior to joining Moore he headed up the integrations team at Sanne, having joined through the acquisition of State Street’s Jersey corporate business in 2014.   Recently he spent six months in South Africa integrating an acquired hedge fund administration business in Cape Town.   Madden says: “I’m thrilled to be joining the Moore Management team. Moore is going from
Aspect Capital, a USD6 billion systematic investment manager, has promoted Anna Hull to chief risk officer and to the board. In her new role, Hull (pictured) will continue to have responsibility for the oversight of investment and operational risk across the business, as well as now playing a greater role in determining and executing the company’s strategic plans.   Anthony Todd, CEO of Aspect, says: “I am very pleased to welcome Anna to the board and congratulate her on her new role as chief risk officer. She brings both experience and insight to Aspect’s board as we take the company
Tages Capital, in partnership with Madrid-based Cygnus Asset Management, has launched the Tages Cygnus Europa Event Driven UCITS Fund, the third sub-fund of Tages International Funds SICAV, a UCITS compliant umbrella fund structure. Cygnus Asset Management is an established specialist investment manager founded in 2006, with AUM in excess of USD500 million.    The Tages Cygnus Europa Event Driven UCITS Fund aims to capture liquid investment opportunities relating to corporate activity in Europe, while adhering to UCITS limits and guidelines.   The fund is launching with in excess of USD30 million of institutional capital.   Jose Luis Perez, portfolio manager
Northern Trust to acquire UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland, expanding its presence in the former and gaining local fund administration capabilities in the latter. Following the transaction, which is expected to close in the second half of 2017, subject to applicable regulatory and fund board approvals and other customary closing conditions, Northern Trust will be a leading administrator by assets in the Swiss market.   Upon completion of the transaction, Northern Trust will become the fund administration services provider for funds with approximately CHF420 billion (USD413 billion) in assets, including UBS Asset Management's traditional
Willis Towers Watson has launched The Asset Management Exchange (AMX), an institutional asset management marketplace designed to transform institutional investment for the benefit of the end saver, with USD750 million of delegated hedge fund assets. AMX is a global marketplace where asset owners (the buyers) can invest in external asset managers (the sellers) and where asset managers can access significant capital, cutting overall value leakage as a result.   It will do this through a centralised back office and standardised fund infrastructure that bypasses the investment industry’s significant cost and resource duplication. In addition, it will deliver scale benefits to
The latest Hedge Fund Tracker analysis from S&P Global Market Intelligence shows the top funds managed approximately USD153 billion in equity holdings, an increase from the USD145 billion under management in Q3.  However, because these funds saw a slight drop in the total number of positions to 420 from 424 in Q3, the increase in assets under management is more than likely due to the end-of-year equity market rally. The quarterly S&P Global Market Intelligence Hedge Fund Tracker is an aggregate analysis of hedge fund equity ownership that highlights hedge fund investments in specific stocks and sectors based on a
SoftBank Group (SoftBank or SBG) is to acquire Fortress Investment Group (Fortress) in a cash deal worth approximately USD3.3 billion. Under the terms of the merger agreement, which has been unanimously approved by a Special Committee of Independent Directors of Fortress's Board of Directors and Fortress's full Board of Directors, each Fortress Class A shareholder will receive USD8.08 per share, which represents a premium of 38.6 per cent to the closing price of Fortress Class A common stock on 13 February, 2017, and a premium of 51.2 per cent to Fortress's 3-month volume-weighted average price, excluding dividends. In addition, each Fortress Class A

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