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Distribution is a critical consideration for those wishing to market their hedge funds into Europe. But regardless of whether that fund is UCITS-compliant or an AIF, the continuous evolution of European regulation means that managers have to stay one step ahead, and evaluate just how much of an impact it will have on their marketing distribution strategies.
The following report will provide an assessment of current market regulation, how that is impacting the distribution of AIFs, and, importantly, what some of the key regulatory developments are in the pipeline that managers need to be aware of.
Section A: What’s on?
- 14/06/2016
- 14/06/2016
SS&C Technologies Holdings has launched SS&C Global Gateway, a new SaaS platform for web-based portfolio management, analysis and reporting.
Specially designed for insurance companies and other buy-side asset managers, SS&C Global Gateway is a SaaS-delivered platform that makes comprehensive investment reporting and analytics simple through dynamic dashboards that are easily customised by the end user, and SS&C's best-of-breed technology on the back end delivered through transparent services. The result is more sophisticated analytics and superior functionality than SaaS platforms powered by one-size fits all back-end solutions.
SS&C Global Gateway handles a very broad range of asset classes — including fixed
- 14/06/2016
Nomura Research Institute (NRI), a provider of consulting services and system solutions, has launched VOLCS, an ASP (Application Service Provider) multipurpose management system for financial institutions.
VOLCS provides two functions such as due day management for structured bonds and OTC derivatives as well as cash management, and the former is usually not available in an existing enterprise system. Each function can be used independently and thus can be used by non-financial firms depending on their purposes.
Most recently, structured bonds and OTC derivatives have been receiving more attention due to the effects of stock price changes and Japan’s negative interest
- 14/06/2016
Linedata has appointed Sébastien Nantas as Director of Marketing & Communications.
Nantas will report directly to Anvaraly Jiva, founder and CEO of Linedata, and will manage the marketing and communication activities for the entire Group.
Nantas is a graduate of NEOMA Business School, and has almost 20 years’ experience of institutional marketing and communications in the asset management sector. He has specifically held various positions in these fields at SGAM (now Amundi), and then at Natixis AM, Edmond de Rothschild Asset Management, and Tikehau IM. He has contributed to the design and launch of various financial products as part
- 14/06/2016
ABS Investment Management, an alternative investment management firm specialising in global equity long/short solutions with USD5 billion in assets under management, has launched the ABS Long/Short Strategies Fund.
The Fund is registered under the Investment Company Act of 1940 as a closed-end, non-diversified, management investment company (1099 RIC) and is a conversion from a predecessor global equity long/short product and comes with a five-year track record. This fund is available to US accredited investors and has an initial minimum investment of USD25,000.
"This new product structure will allow ABS to reach a broader client base due to its lower
- 14/06/2016
The XBT Provider instruments Bitcoin Tracker One (COINXBT) and Bitcoin Tracker EUR (COINXBE) have resumed trading at Nasdaq Nordic in Stockholm following the acquisition of XBT Group by Global Advisors (Jersey) Limited (GAJL).
Nasdaq has approved Global Advisors (Jersey) Limited as the new guarantor of the ETCs (Exchange Traded Certificates). Bitcoin Tracker One and Bitcoin Tracker EUR are designed to provide investors with convenient and liquid access to the returns of the underlying asset, bitcoin. XBT Provider is at all times fully hedged, and always holds bitcoins equivalent to the value of ETCs issued.
Johan Wattenström (pictured), CEO and co-founder
- 14/06/2016
- 14/06/2016
Linedata has integrated its Global Hedge Portfolio Manager with Electra Information Systems’ (Electra) Electra Reconciliation.
The creation of a purpose-built interface provides hedge fund managers with immediate integration through an adapter created and supported by both Linedata and Electra.
Traditional account reconciliation (positions, transactions and cash) and management of non-standard matching and reconciliation such as system-to-system, P&L, collateral, security master data and pricing data are now easily achieved for Linedata users.
The combination of Electra Reconciliation with Linedata Global Hedge Portfolio Manager is deigned to automate the identification of exceptions and provide greater visibility into the exception management
- 14/06/2016
Algorithmic trading is taking hold in foreign exchange – in part due to fallout from the 2013 FX “fixing scandal.”
Foreign exchange represents one of the world’s biggest, most liquid and most electronic marketplaces. But while algorithmic trading has become a standard in global equity markets, algos have been much slower to gain traction in FX.
A new report from Greenwich Associates, FX Fixing Scandal Drives Adoption of Algos and TCA, shows that the proportion of volume-weighted FX trading executed algorithmically by algo-trading users has increased two and a half times in the past three years.
Hedge funds
- 14/06/2016
Hedge funds marked another positive performance month in May, with the industry returning 0.93 per cent through the month to bring year-to-date gains to 1.55 per cent, according to data released by Preqin.
Although this does not match the 2.39 per cent and 1.42 per cent returns seen in March and April, almost all leading strategies saw positive returns; and for the first time this year, all leading strategies are now marking positive year-to-date performance. Event driven strategies saw the strongest performance through the month, returning 1.59 per cent to take 2016 YTD returns to 3.01 per cent – the
- 14/06/2016
Devarshi Saksena (pictured) of Simmons & Simmons considers the pros and cons of new onshore European hedge fund vehicles recently developed in Ireland, Malta and Luxembourg and whether or not they represent a real challenge to the traditional Cayman model…
Times are changing for onshore European hedge funds. The structures that were traditionally trumpeted as being rivals to offshore funds – namely the Luxembourg specialised investment fund (SIF), Malta’s professional investor fund (PIF) and Ireland’s PLC/unit trust qualifying investor alternative investment fund (QIAIF) – but which had regulator-driven and, at times, frustrating fund authorisation processes are slowly giving way to easier
- 13/06/2016
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