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The US Commodity Futures Trading Commission (CFTC) has unanimously approved proposed changes to swap data rules that implement Congressional action to remove indemnification requirements for the use of swap data by other regulators.  In a separate proposal, the CFTC voted to update Parts 3 and 9 to integrate existing advisory guidance, incorporate swap execution facilities (SEFs), and update provisions currently applicable to designated contract markets (DCMs).    The comment period will be open for 60 days after publication in the Federal Register. All comments will be posted on the commission’s website.   Proposed rule to amend Part 49 (Data Rules) –
Chicago Board Options Exchange (CBOE) has launched the CBOE-SMA Large-Cap Weekly Index (SMLCWSM Index), the second in a series of sentiment-based strategy benchmark indices designed to capitalise on short-term market momentum based on Social Market Analytics’ (SMA) social media metrics. The CBOE-SMLCW Index is reconstituted every Friday at 8:30 a.m. CT, representing a longer duration portfolio than the CBOE-SMA Large-Cap Index (SMLC), which is reconstituted daily.   CBOE launched the CBOE-SMA Large-Cap Index, the first of its sentiment-based benchmark indexes that measure market momentum based on SMA’s social media metrics, in August.   Similar to the first SMLC Index, the
Markus Ruetimann has joined the board of Global Prime Partners as senior non-executive director. Having worked in the financial services industry for over 25 years in Zurich, Geneva, New York and currently London, Ruetimann (pictured) was previously group COO of Schroders (2004 – Nov 2016), global head of technology and portfolio services at UBS Global Asset Management (1999 – 2004) and COO of Phillips & Drew (1988 – 1998).   He was born and educated in Switzerland.   Ruetimann holds a number of non-executive positions and is a trustee of Action for Children.   Julian Parker, chief executive of GPP
While investment strategies in the alternatives space have always been sophisticated, marketing strategies have never been. However, modern marketing is starting to be embraced by fund managers and is beginning to gain momentum by following the lead set years ago by every other industry. Meyler Capital believes this industry has hit an inflection point. 2017 will be the year where previously timid managers begin to take on some ‘marketing risk.’ Here are five marketing strategies that The firm anticipates will influence the industry over the 12 months:   1. The increased use of webinars for LP updates 2. Knowing what happens
The gross return of the SS&C GlobeOp Hedge Fund Performance Index December 2016 measured 1.29 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, declined 3.05 per cent in January.   "SS&C GlobeOp's Capital Movement Index for January 2017 was -3.05 per cent, an improvement from the -3.28 per cent reported a year ago for January 2016," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.   "Capital flows in and out of hedge funds are very seasonal and the month of January typically sees the largest net outflows of the year.
The last month of 2016 saw risk assets climbing higher, as part of expectations that the new US administration will remove barriers to growth and investment. December also saw the Fed hiking interest rates but the impact on the fixed income asset class was rather muted.   This environment was supportive for hedge funds, with the Lyxor hedge fund index up 1.3 per cent in December, led by global macro and CTA managers.   Macro specialists benefitted from both exchange rate movements and equity allocations. Their short stance on the EUR, GBP and JPY vs. USD was rewarding considering the fact
Guernsey's funds sector stands to benefit from pressure on legal fees from fund managers and investors because of lower overheads and costs in the jurisdiction, says Ogier group partner Craig Cordle. Cordle (pictured), who joined the Guernsey investment funds team at the end of last year, says that because costs in Guernsey tend to be lower than those charged by London firms, the island could get a boost from a current price squeeze trend from managers and underlying investors.   Figures from the Guernsey Financial Services Commission show that the 12 months leading up to June 2016 saw a 12.3
By Maree Martin, Gene A DaCosta & Craig T Fulton â€“ On 16 December 2016 the Cayman Islands Government enacted The Mutual Funds (Annual Returns) (Amendment) Regulations, 2016 (the Amendments). Pursuant to The Mutual Funds (Annual Returns) Regulations, 2006 (as amended) (the Existing Regulations), all funds regulated under the Mutual Funds Law of the Cayman Islands are required to submit to the Cayman Islands Monetary Authority (CIMA), a fund annual return (FAR) within six months of the fund’s financial year end. The FAR contains financial and operational information in respect of the fund and other general information as set out in the
Within days of first use investors and banks have expanded the coverage of Ipreo's Investor Access solution to an Asian issuer in Euros, with a five-year EUR-denominated EMTN transaction executed for Sumitomo Mitsui Financial Group. BNP Paribas has also collaborated with another sponsoring bank to present a jointly agreed set of deal terms to the first continental based investor client, speeding structured communication of deal demand. BNP Paribas took the lead in using Investor Access to help execute a deal also led by Barclays, Goldman Sachs, and SMBC.   "We're delighted to have started offering this new facility and look forward
Alternative credit investment firm Crescent Capital Group has held the final close of Crescent Mezzanine Partners VII with commitments of over USD4.6 billion, surpassing the fundraising target of USD3 billion. Fund VII’s limited partners include a diverse mix of global investors from more than 20 countries including sovereign wealth funds, pension funds, insurance companies, financial institutions, foundations and endowments.   The closing represents the largest mezzanine offering in Crescent Mezzanine’s history. Thus far, Fund VII has deployed or committed approximately USD900 million across nine transactions.   “This fundraise is a significant milestone for our firm and speaks to the strength

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