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Four out of six of the MVIS family of investable Long/Short Equity Indices recorded negative performance in June. The month’s biggest loser was the MVIS North America Long/Short Equity Index down 0.89 per cent, followed by the MVIS Global Long/Short Equity Index (-0.82 per cent), the MVIS Western Europe Long/Short Equity Index (-0.75 per cent0 and the MVIS Asia (Developed) Long/Short Equity Index (-0.58 per cent).   The MVIS Global Event Long/Short Equity Index was up slightly for the month with a return of 0.01 per cent, while the MVIS Emerging Markets Long/Short Equity Index gained 9.14 per cent.  
AITEC and the Alternative Investment Management Association (AIMA), the global representative for alternative asset managers, have launched a co-branded Illustrative Questionnaire for Due Diligence of Vendor Cyber Security. The DDQ has been created to streamline the process of conducting due diligence on vendors servicing the alternative asset management industry.   The DDQ represents the superset of critical questions compiled by a committee of AITEC and AIMA members who are experienced in technology and operations.   The questionnaire will enable the industry to approach vendors as a single voice, consequently providing efficiencies in communication and ultimately increasing the market's understanding of
Irving H Picard, Securities Investor Protection Act (SIPA) trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), says the seventh pro rata interim distribution from the Customer Fund to eligible BLMIS customers commenced on 30 June 2016. The SIPA trustee is distributing approximately USD190.247 million on a pro rata basis to BLMIS account holders with allowed claims, bringing the aggregate amount distributed to eligible claimants to approximately USD9.47 billion. This includes approximately USD836.6 million in committed advances from the Securities Investor Protection Corporation (SIPC).   The seventh distribution represents 1.305 per cent of each claim dollar and will be
BarclayHedge has ranked Elberon Investment Fund as one of the world's top-performing "long bias" equity funds for the three-year period ending on 31 March 2016. Elberon, which is managed by Bruce Salomon, ranked number eight globally and number two in the US among more than 230 long-biased funds.   All funds ranked had at least USD10 million in assets under management and an average net exposure greater than 35 per cent. Elberon is the only Texas-based fund that finished in the top ten.   “It’s a tremendous honour to be singled out as a fund that uniquely compounds capital over
Northern Energy Capital (NEC) and Roundtable Capital Partners have completed the initial closing of NEC Fund I Canadian at approximately USD45 million. The fund will be wholly focused on investing in oilfield services and related industrial businesses in Canada.    With a pool of almost 5,000 investable oilfield services businesses in both the private and public arenas of the sector, the opportunities are substantial with valuations at 30-year lows.   The oilfield services sector is struggling through one of the most significant downturns in its history, and the financial and operating capabilities of many of the participants have been severely
The European Securities and Markets Authority (ESMA) has published a peer review on the efficiency and effectiveness of European Union (EU) national securities markets regulators’ approval of prospectuses, the disclosure documents prepared by issuers when they want to market their securities to EU investors. Overall, ESMA found that, while national regulators were in general sufficiently resourced and approved prospectuses within legal deadlines, there were differences in national practices which would benefit from greater convergence.   Steven Maijoor (pictured), ESMA chair, says: “The Prospectus Directive is an important pillar of the single financial market: it helps firms access capital markets across
In the wake of last week’s referendum result, there are obviously a number of questions regarding regulation and passporting. Bobby Johal, Managing Consultant, Cordium, comments… UCITS funds will still be distributed across Europe, but not in quite so straightforward a manner as is the case presently. UK UCITS will lose their status (under the UCITS directive) and most likely become alternative investment funds (AIFs).  If we assume the UK is to be a ‘third country’ (the so-called WTO option: a big assumption, subject to much debate over the coming months), this will result in the loss of passporting rights and
FIX Trading Community has released Simple Binary Encoding (SBE) version 1.0 Draft Standard to support high performance demands in transactions and/or data feeds. Recent improvements in the speed of hardware, software and network connections have prompted the High Performance Working Group to examine the current version of the FIX Protocol to address how the requirements for new financial applications such as high-frequency trading and market data can be met.   The challenge was to produce a standard, non-proprietary binary message encoding which is intended to work independently or in conjunction with other high performance FIX standards. Simple Binary Encoding is
Brinker Capital, an investment management firm focused on multi-asset class investing, has appointed Jason Moore, formerly Managing Director at Morgan Stanley Wealth Management, as its Chief Administrative Officer and member of the firm’s executive committee. In this newly-created position, Moore will work with the investment team and the sales and distribution teams to apply Brinker Capital’s highly-strategic, disciplined multi-asset class investment philosophy to build solutions for financial advisors and their clients. Moore brings more than 20 years of experience to Brinker Capital in portfolio management, product development and advisory business management for the managed account industry. Moore jointly reports to
Alternative investment manager CVC Credit Partners has held the final closing of its Global Special Situations Fund, which is focused on stressed and distressed corporate credit predominantly across Europe. The CVC Credit Partners Global Special Situations Fund received strong backing from both new and existing investors, exceeding its EUR600 million fund target with total commitments secured of approximately EUR650 million. The Fund received commitments from investors in North America, Latin America, Asia, Europe and the Middle East. With over EUR1.86 billion already committed to the strategy via Separately Managed Accounts and our Credit Opportunities vehicles, CVC Credit Partners’ Credit Opportunities

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