Digital Assets Report

Latest News

Whilst the cybersecurity narrative typically tends to focus on how asset managers are putting steps in place to improve their cyber preparedness, of equal importance is how investors can assess managers objectively as part of their due diligence process.  Bringing that objectivity is sometimes overlooked. Investors might be interested to hear about how managers are tackling the problem, but they need a way to scorecard them. To help with this, Castle Hall Alternatives has launched Due Diligence University to support asset owners as they conduct due diligence on third party asset managers.  The first white paper, in what will become a
The Global Legal Entity Identifier Foundation (GLEIF), the body responsible for ensuring the operational integrity of the Global Legal Entity Identifier (LEI) System, has launched its new data challenge facility. This offers any interested party an easy and convenient means to trigger the verification and, where required, speedy update of LEI records including related reference data. The centralised online service, which is part of GLEIF’s data quality management programme, further contributes to ensuring that the publicly available LEI data pool remains a unique key to standardised information on legal entities worldwide.   The LEI enables clear and unique identification of
Man GLG, the discretionary investment management business of Man Group, has appointed five senior investment professionals, completing the firm’s recently established emerging markets debt team. The team will be based in New York and London, working under Man GLG’s head of emerging markets debt strategies Guillermo Ossés, who joined the firm in January 2016.   The emerging markets debt team manages three distinct strategies providing access across the compelling and complex emerging markets universe: one focused on hard currency, one on local currency and an opportunistic strategy investing across the entire emerging markets debt domain.   Phil Yuhn joins Man
Bats Global Markets has created the Bats Community Policing Program for its US equities and options exchanges, an initiative designed to further enhance the company’s capabilities in monitoring markets. “We believe this initiative will be an important innovation in the Bats regulatory programme, creating a healthy forum for industry participants to share market intelligence directly with the Bats regulatory staff,” says Bats chief regulatory officer and executive vice president Tami Schademann (pictured). “By creating a collaborative forum for the sharing of information, our customers can help to enrich our market surveillance program, leading to better surveillance and more investigations of
ALTX East Africa has gone goes live with its high tech exchange in Uganda. The team, led by chief executive Joseph Kitamirike, has built the exchange since 2013, and spent most of the last eight months optimising their systems, aiming to deliver a world class securities exchange facility. The platform obtained regulatory approval in 2014 and depository approval was secured in 2015.   ALTX East Africa is coming to the market having met several of its design goals, including building a competitive facility based upon high performance technology, reducing settlement time to less than a day, enabling trading of assets
Activist Insight, a provider of news and data on shareholder activism around the world, has acquired New York-based data-provider Activist Shorts Research. Activist Shorts Research, founded in 2014 by Adam Kommel (pictured) and Wayne Gerard, profiles over 100 activist short-sellers who publish research illustrating why they activist believe stocks are overvalued. These investors have become increasingly prominent in recent years after targeting the likes of Herbalife and Valeant Pharmaceuticals International.   The combination will broaden Activist Insight’s coverage of this area, while giving Activist Shorts customers access to live news coverage and opportunities to enjoy Activist Insight’s current suite of
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.36 per cent in June, outperforming the HFRX Global Hedge Fund Index’s 0.20 per cent return by 16 basis points. The Wilshire Liquid Alternative Multi-Strategy Index, which includes both single and multi-manager funds, ended the month on a positive note, returning 0.34 per cent in June.   The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total
The open-end structure of most investment vehicles discourages asset-managers from trading against mispricing – to the detriment of investors and market efficiency, Oxford University research has shown. “The findings from my study, co-authored with Professor Mariassunta Giannetti from the Stockholm School of Economics, raise the question of why so many financial institutions are open-ended, when the structure actually incentivises against arbitrage,” says associate professor of finance Bige Kahraman (pictured), Saïd Business School, University of Oxford. “An open-end structure, in which investors can react to perceived under-performance by withdrawing capital, leads to short-termism and a persistent over- or under-valuing of assets.” 
Pacific Fund Systems (PFS), a provider of fund accounting and transfer agency administration software via its PFS-PAXUS application, has made two senior appointments to its European-based executive team. Kelly Ashe, who has joined the team as the sales and marketing manager for the group, is based in PFS’s new European operational headquarters on the Isle of Man and brings with her a wealth of core fund industry knowledge and experience of software sales, vendor marketing and business development.   Ashe will report to Paul Kneen, chief operating officer, and will be responsible for facilitating and enabling the efficient and successful
Despite the majority of institutional investors redeeming from hedge funds during the first half of this year, most continue to view hedge funds as playing a key role in their investment portfolios, according to the Credit Suisse Mid-Year Investor Sentiment Survey. Some 73 per cent of respondents, institutional investors on a global basis including fund of funds, family offices, consultants, endowments and foundations, private banks and pension funds representing almost USD700 billion in hedge fund investments, say they will likely make additional hedge fund allocations during the second half of 2016.   Redemptions appear to have been highly targeted as

Special Reports

FeatureD

Events

16 May, 2024 – 8:30 am

Directory Listings