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Global fund administrator FundBPO has opened an office in Malta which will be headed by new hire Malcolm St John.
St John has more than 15 years of fund services experience, most recently with Apex Fund Services and HSBC.
The office opening follows FundBPO’s receipt of a Recognition Certificate from the Malta Financial Services Authority to act as a fund administrator in Malta.
Malta is an emerging jurisdiction for the formation and administration of funds in the European Union, with a net asset value of EUR10 billion in over 500 locally based funds.
FundBPO (Malta) Limited’s new
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Triad Securities is expanding into the Boston area with the hiring of Tom Landsbergen as director, prime brokerage sales.
Landsbergen (pictured) has over 22 years' experience in the prime brokerage industry.
Before joining Triad, he was responsible for prime brokerage sales and client service for JP Morgan and Bear Stearns in New England and Canada for 16 years. Prior to that, he held various positions with the prime brokerage platforms of Furman Selz/ING Barings. Landsbergen has extensive experience assisting clients on financing, clearing, recruiting, marketing, service provider selection, investor relations, and treasury functions.
"I am excited to join Triad,"
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BlackRock is to lead the next funding round in iCapital Network, a financial technology platform focused on democratising access to alternative investments for high-net-worth investors and their financial advisers.
Frank Porcelli, chairman of BlackRock’s US wealth advisory business, is to join iCapital’s board of directors and will work closely with the organisation as a strategic adviser.
Individual investors remain significantly under-allocated to alternative investments relative to institutional investors, but are increasingly exploring the critical role alternatives can play in state-of-the-art portfolio construction. iCapital’s online platform facilitates access to private investment opportunities through an independent origination and due diligence process that prioritises
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The outlook for raising funds in the post-Brexit environment is the focus of a Guernsey funds masterclass to be held in London next year.
The event, which takes place at etc.venues in St Pauls on 8 February, will feature a panel debate among leading figures from the funds industry and a keynote speech from public affairs consultant Louise Harvey OBE MVO, who spent 13 years as a British diplomat working on EU issues in the Foreign and Commonwealth Office.
Harvey’s presentation will focus on the process of triggering and implementing Brexit, the negotiations that will entail and the political
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Confluence predicts that the rise of regulatory technology (RegTech) in 2017 will trigger a transformation of the asset management back office, with improved data management and technology solutions delivering operating model improvements through automation.
A subset of FinTech, RegTech consists of technologies proven to facilitate the delivery of regulatory requirements faster and more cost-effectively than existing capabilities.
For asset managers, RegTech will be particularly meaningful in solving complex regulatory data management challenges and complying with condensed reporting cycles, Confluence says.
“Next year will be a pivotal year in the future of the asset management industry,” says Todd Moyer
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Quantopian, a free online platform for the education and creation of institutional-quality investment algorithms, has hired Marc Volpe as chief financial officer (CFO).
Volpe has an extensive background in hedge funds, accounting, compliance, strategic planning, and risk management.
"Marc is joining us as we prepare to manage external capital in early 2017," says John Fawcett, founder and CEO of Quantopian. "Marc's skills and background will help us in our efforts to provide the highest returns that we can for our investors, and through those returns, a growing stream of payments to selected algorithm authors from our community."
Volpe
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The Warsaw Stock Exchange (GPW) has published the latest portfolio of its socially responsible Respect Index.
Following a review carried out by Deloitte, the index portfolio in its 10th edition has 25 participating companies, including four new members: Fabryki Mebli Forte, PCC Rokita, Bank Pekao, and Trakcja PRKiI.
This year’s number of new members is the highest ever.
“The Respect Index is the first social responsibility index in Central and Eastern Europe,” says Małgorzata Zaleska (pictured), president of the management board of the Warsaw Stock Exchange. “This year’s 10th edition includes 25 participating companies which follow the highest
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Och-Ziff Capital Management Group has closed its first European collateralised loan obligation (CLO) transaction, OZLME, totalling approximately EUR413 million.
The CLO, arranged by Bank of America Merrill Lynch, will be managed through Och-Ziff's affiliate, Och-Ziff Europe Loan Management, and will invest predominantly in broadly syndicated senior secured loans.
"We are very pleased to announce the closing of our first European CLO," says Adeel Shafiqullah, managing director and senior portfolio manager of institutional credit strategies in Europe. "We have a deep, experienced team of credit investment professionals in Europe with significant and broad expertise investing and managing CLO portfolios. This
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North America-focused hedge funds recovered from a 0.69 per cent loss in October to post returns of 2.89 per cent in November, the best performance of any region.
This takes North America funds’ 2016 YTD performance to 9.09 per cent, also the highest of any region.
By contrast, Europe-focused hedge funds posted smaller gains of 0.09 per cent in November, while Asia-Pacific funds suffered losses of 0.47 per cent, taking YTD performance to 1.07 per cent and 1.88 per cent respectively for the two regions.
Overall, November saw positive performance across the hedge fund industry; the Preqin All-Strategies
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Hedge fund launches declined in the third quarter, as funds again posted steady gains following the Brexit vote and leading into the surprise US Presidential election results.
New launches totalled 170 in Q3 2016, down from 200 in the prior quarter and 269 in Q315, according to the latest HFR Market Microstructure Report.
The number of launches in Q3 2016 represents lowest since Q1 2009 and marks the fourth consecutive quarter of net contraction in the overall number of active funds. A total of 576 funds have launched in the first three quarters of 2016, a decline of over
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