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Apex Fund Services has made three senior appointments from KPMG, State Street and JP Morgan. Nitin Khanapurkar (pictured), who joins the Apex Group from his role as a senior partner at KPMG, becomes Apex’s global head of risk and compliance oversight. He relocates from the UAE to be based at Apex’s London office, bringing with him 25 years of industry experience.   Apex Luxembourg has appointed Sonja-Maria Hilkhuijsen as head of European compliance and data protection and Gareth Williams as managing director for the office.   Hilkhuijsen joins from State Street Bank Luxembourg having held various senior legal and compliance
Aquila Capital is to launch an alternative beta strategy in cooperation with Alpha Centauri, bringing the Hamburg-based specialist investment boutique, which offers liquid alternative risk premia and equity factor strategies, to Aquila's Associated Manager Group platform. The new alternative beta strategy is a liquid alternative to traditional bond investments for institutional investors and offers market neutral access to alternative risk premia across several asset classes such as equities, fixed income, interest rates and FX. The firm writes that Alpha Centauri will apply a disciplined research process to identify hundreds of the most attractive risk factors while maintaining strong diversification.  
Three Hills Capital Partners (THCP) has held the final closing of its second fund with total committed assets of around EUR200 million, in excess of the initial target of EUR150 million. The new fund, named Three Hills Decalia after the fundraising partnership with Geneva-based asset manager Decalia, has completed its fundraising less than two years after the final closing of the first fund, which is now fully invested. As a result, THCP holds circa EUR400 million of assets under management.   The strategy of THCP is currently based on providing subordinated private debt and senior equity solutions across European mid-market
Governance, risk and compliance services specialist Cordium has appointed Doug Morgan as group chief executive with immediate effect. Morgan assumes the leadership of Cordium’s executive team and will initially be based in the US before relocating full-time to the UK in the third quarter. Morgan brings a wealth of experience to the role, having enjoyed a successful career in financial services and technology spanning over 20 years.   He joins Cordium from SunGard, where he had global responsibility for the company’s business in the asset management back office servicing and accounting space, consisting of solutions for investment accounting, mutual fund
The SS&C GlobeOp Forward Redemption Indicator for July 2016 measured 2.95 per cent, down from 4.88 per cent in June. "SS&C GlobeOp's Forward Redemption Indicator rose to 2.95 per cent for July 2016, up from 2.08 per cent reported a year ago for July 2015," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.   "However, it's worth noting with regard to this comparison that the prior year's reported July number of 2.08 per cent equalled the lowest of any month of July since the inception of the index.     “Even with this difficult comparison, on a year-to-date
Data from S&P Dow Jones Indices shows that calm has returned to the markets following Brexit, as VIX closed at 11.77 – its lowest level for over a year. Along with VIX, nearly every volatility measure since a month ago. The greatest falls were in short term US equity volatility and in British pound sterling volatility; both fell by about 50 per cent.   Tim Edwards (pictured) of S&P Dow Jones indices says: “At the start of the holiday season, the global outlook is generally suggestive of a quiet summer. Only the Japanese yen, British pound and Japanese government bond
Economic uncertainty following the UK vote to leave the EU has created potential opportunities for hedge fund managers and, as a result, many more funds have launched focused on the region, according to Preqin’s Q2 update on the hedge fund industry. Europe-focused hedge funds saw a large increase in the proportion of overall fund launches, rising from 1 per cent of funds launched in Q1 to 16 per cent of those incepted in Q2.   At the same time, UCITS-compliant funds accounted for 18 per cent of overall fund inceptions through Q2, the highest quarterly proportion tracked by Preqin since
This month marks the five-year anniversary of the three successful GAM Star Credit Opportunities funds (EUR, USD and GDP) managed by Atlanticomnium SA in Geneva.  The funds have delivered strong performance in spite of many challenges during the period, including eurozone crises in various iterations, Russia’s slowdown, worries over the Chinese economy, as well as the latest political turmoil from the UK’s Brexit vote. Investors have enjoyed a total return of 53 per cent in the EUR fund, 60 per cent in the GBP fund and 44 per cent in the USD fund since launch. The funds have delivered what
Jersey’s proactive approach to developing new funds legislation together with its commitment to enhancing links with overseas markets will ensure its funds industry can look forward to a positive future, according to Mike Byrne (pictured), the new Chairman of the Jersey Funds Association (JFA). Elected into the position of Chairman at the recent AGM (1 July) of the trade association that represents Jersey’s funds industry, Byrne, a partner at PwC Channel Islands, is joined by Tim Morgan, partner at Mourant Ozannes, who will serve a second term as Vice Chair.    Also on the updated committee are Nick Taylor (Ashburton Investments) who remains as
The European Securities and Markets Authority (ESMA) has further recommended Guernsey for a ‘third country’ passport under the Alternative Investment Fund Managers Directive (AIFMD). In its final assessment to the European Commission, Parliament and Council, ESMA stated that there are ‘no significant obstacles regarding investor protection, competition, market disruption and the monitoring of systemic risk impeding the application of the AIFMD passport to Guernsey’. Guernsey is among a group of only five jurisdictions that ESMA has offered unqualified and positive assessments to which includes Canada, Japan, Jersey and Switzerland. Four other jurisdictions, Australia, Hong Kong, Singapore and the US have received

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