Digital Assets Report

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FlexTrade Systems, a specialist in multi-asset execution management systems, has opened a representative office in Sydney, Australia. With the proposed increases in superannuation contributions there will be an increase in assets under management (AUM) being handled by money managers and superfunds in Australia.   It’s likely that hedge funds, asset managers and others will be increasingly active with their investments in order to improve their returns. There is a limit to the size of potential investments in the Australian market, so traders at these firms will also be looking to trade internationally.   This is driving a growing requirement for
Lemanik Asset Management has made three new hires within its Luxembourg third-party management company to accelerate its positioning as the reference governance provider to UCITS and Alternative Investment Funds. Alexandre Dumont has joined Lemanik as head of portfolio management and member of the executive committee; Stephen Roberts has joined the business development team with particular focus on illiquid asset classes; and Antonis Anastasiou has joined as head of product management and structuring for Alternative Investment Funds.   With combined experience in the investment fund industry of more than 50 years, the three new hires join Lemanik as a team, having
Cayman based alternative fund governance specialist Danesmead Partners has appointed former Soros Fund Management chief financial officer (CFO) Tracie Ahern as a director and principal of the firm.  Ahern (pictured_ will be based in New York and will serve as an independent director on alternative investment vehicles.    An industry veteran with 26 years of experience in the investment management industry she is a Certified Public Accountant with an MBA from New York University.    During her eight-year tenure at Soros, Ahern had responsibility for the treasury function, trade operations and firm wide budgeting and financial analysis, including all corporate
Jersey Finance has appointed An Kelles (pictured) as business development director for Greater China, to spearhead its strategy across the Far East. Based in Jersey Finance’s Hong Kong office, Kelles will be responsible for expanding Jersey’s range of activities in the region, identifying opportunities for Jersey financial services businesses, and building relationships between Hong Kong, Greater China and Jersey. Kelles takes over the role from predecessor Yumei Zhang.   Originally from Belgium, Kelles joins Jersey Finance from the Intertrust Group’s Hong Kong office, where she was business unit director for the European and private equity teams. Prior to that, she
Hawksford, the international corporate, private client and funds business, has appointed an accounting specialist with 12 years’ industry experience as an associate director. Bobby Stirling will have oversight of Hawksford’s client accounting team and, working closely with senior staff, will be responsible for ensuring the highest standards of financial statements and book-keeping services and consistent client delivery.   He brings extensive technical knowledge and the application of accounting standards, including United Kingdom Accounting Standards, International Financial Reporting Standards and the US Generally Accepted Accounting Principles, to the role.   Stirling joins Hawksford from BDO Limited in Jersey where he was
Navatar, the growth platform for alternative assets firms, has launched a new investment platform built specifically to help limited partners evaluate investment opportunities and manage their investments across funds. Navatar Limited Partner Cloud is designed for large institutional investors, endowments, family offices, fund of fund managers, high net-worth individuals, consultants and advisors. The product helps LPs manage investments across multiple asset classes such as private equity, hedge fund, PERE, debt, infrastructure and venture capital.    A high number of interested LPs recently attended a webinar on the Limited Partner platform.   "With the vast array of investment products competing for their attention, investors
BlackRock has launched the UK Strategic Alternative Income Fund, which provides UK defined benefit (DB) pension schemes with access to a range of alternative income sources in one portfolio. The fund arrives at a time when pension schemes are increasingly seeking alternative income, as yields from traditional asset classes remain scarce.   A survey conducted in December 2015 of BlackRock’s largest institutional clients, representing USD6.6 trillion, found that private markets look set to prosper in 2016. More than half (53 per cent) intended to increase their allocation to real assets and 47 per cent intended to increase their allocation to
The European Securities and Markets Authority (ESMA) has published the new list of members of its Securities and Markets Stakeholder Group (SMSG) following its approval by its board of supervisors. The selected individuals begin a 2.5 year term on 1 July 2016 and will replace the group whose mandate expired on 30 June 2016.   The new SMSG will be composed of 30 individuals drawn from across 13 Member States and representing ESMA’s key stakeholder constituencies – financial market participants (10), employee representatives (2), consumer representatives (6), users of financial services (3), small and medium sized enterprises (2) and academics
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

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