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Whether it’s providing AIFM management company solutions, depositary lite solutions, or simply providing start-up managers with a high-touch level of service, Malta’s service provider community continues to evolve with the times.  The attractions of Malta's Notified AIF regime have been well documented in this report and whilst it presents a unique opportunity for authorised AIFMs, the regime will not necessarily be applicable to start-up and emerging managers.  These are very much the lifeblood of Malta. Catering to this market segment has helped to differentiate the island from other, more established fund jurisdictions. So whilst the NAIF regime is an important
Dr Louis de Gabriele, head of Camilleri Preziosi Advocates’s Corporate and Finance practice group, outlines the benefits of Malta’s Notified AIF (NAIF) regime… "In my view, the main benefits are twofold," says Dr Louis de Gabriele, head of the Corporate and Finance practice group at Camilleri Preziosi Advocates, when discussing the newly introduced Notified AIF (NAIF) regime.  "Firstly, the NAIF regime will significantly condense time to market for these types of funds. Indeed, the MFSA has committed itself to list funds on the `Notified AIF List' within ten business days from the submission of a complete notification pack, which will
Apex Fund Services has been operating in Malta since 2008 and has seen, first hand, how quickly the island has evolved into one of Europe's leading onshore fund jurisdictions.  Following the chaos of the financial crash, start-up managers chose Malta because it represented a cost effective option. This worked to Apex's advantage but as Paulianne Nwoko, Managing Director of Apex Fund Services (Malta), points out: "Over the years, Malta has evolved into an established financial jurisdiction with a deep pool of professionals spanning all aspects of the funds industry; law firms, audit firms, fund administrators, and, to a lesser extent,
Professor Joseph Bannister (pictured) of the Malta Financial Services Authority explains how the island is positioning itself as a leading European securitisation market… How do you assess the opportunity to build out Malta as one of Europe’s leading securitisation markets, given that outside of Luxembourg you are the only EU jurisdiction to have securitisation legislation in place? Malta provides a legal framework for securitisation vehicles, primarily through the Securitisation Act which has been in place since 2006, and more recently, the Securitisation Cell Companies Regulations, introduced in 2014.  This legal framework has enabled Malta to develop into a jurisdiction of
With the recent introduction of the Notified AIF regime, Malta is positioning itself to provide fund promoters with an unregulated fund where speed to market is of the essence.  Over the years, Malta has become a jurisdiction of choice for providers of financial services particularly the funds sector with over 600 investment funds, 86 fund managers, of which 40 AIFMs, and 26 fund administrators.  As one of the earliest adopters of the AIFM Directive in 2013, Malta has sought to provide a compelling route to market for smaller and emerging hedge fund managers and it appears to be going from
The shock Brexit result this June sent ripples across Europe as individual Member States absorbed the news. And whilst some jurisdictions have been quick to seize the initiative on the back of the uncertainty that UK firms face – especially as it relates to passporting for London's much lauded financial services industry – Malta is focusing on maintaining the harmonious relationship it has with the UK. "We see ourselves partnering with UK operators to provide solutions to help them sustain their business models; we're not looking to try and take business away from the UK," comments Kenneth Farrugia (pictured), Chairman
Bill Prew, CEO of Indos Financial writes on the recent developments with the AIFMD marketing passport and the implications for private placement and depositaries.  After further analysis and deliberation, on 19 July 2016 the European Securities and Markets Authority (ESMA) issued its second set of advice on which countries it believes the AIFMD (Alternative Investment Fund Managers Directive) passport could be extended to. Nine out of an initial 12 countries under review (Australia, Canada, Guernsey, Hong Kong, Japan, Jersey, Singapore, Switzerland and the US) were told by ESMA there were either no or very limited impediments in their fund management
FundCount, a Boston-based provider of integrated investment, partnership and general ledger accounting software, has been named Best Fund Accounting and Reporting Systems Firm by readers of Hedgeweek.   Hedgeweek provides news and information to hedge funds and institutional investors around the globe. The annual Hedgeweek USA Awards, which are determined by a peer review system, recognise excellence in the industry.   “We are honoured to receive this award, which is testament to the benefits that our accounting and investment analysis software brings to the hedge fund, private equity and asset management community,” says Alex Ivanov, CEO and founder of FundCount.
Systematic alternative investment manager Devet Capital Investments has launched a programme designed to identify and support new investment managers with the eventual aim of including them within the Devet product suite. The ‘CTA Program’ – Capturing Talent Alpha – has opened with two managers, each of whom will trade allocated Devet proprietary capital prior to being considered for inclusion in client portfolios.    Devet co-founder Irene Perdomo did not wish to quantify exactly how long the prop trading period would be but says a successful outcome is “dependent on a series of parameters including risk management, volatility, measures of correlation
Yieldbroker, Australia’s over-the-counter (OTC) interest rate exchange, has become the first foreign-regulated, multilateral swap trading facility to receive long-term approval to access US-based customers. Yieldbroker says the move secures billions of dollars of trade business, removes commercial uncertainty and is one more step towards achieving the company’s vision of becoming a globally significant platform for trading in Australian and New Zealand dollar interest rate securities.    More than 100 major financial institutions access over 900 debt securities and interest rate derivatives on the Yieldbroker exchange, trading approximately USD200 billion each month.   Founded in1999 by banks in local debt markets,

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