Digital Assets Report

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Volante Technologies, a provider of software for the integration, processing and orchestration of financial messages, is supporting the latest SWIFT Standards 2016 update. On 26 February 2016, SWIFT released its latest standards release which includes a number of significant changes to SWIFT messages used within the securities market. These changes will impact the entire trade lifecycle, from the trade orders through to confirmations and settlement.   SWIFT has also introduced a new version of SWIFTRef called ReachPlus, which will require firms to migrate to the new data directory in order to route transactions. SWIFTRef provides users access to reference data
RWC Partners is planning to launch its existing Asia long/short equity strategy within its Luxembourg SICAV UCITS.  Subject to approval, the existing Global Innovation Absolute Alpha will change its name to RWC Asia Absolute Alpha Fund and the fund will move to closely replicate an existing Asia long/short equity strategy that RWC launched in April 2015.    Garret Mallal manages the Cayman-domiciled RWC Asia Opportunity Fund from RWC’s Singapore office and will manage the new UCITS fund. Mallal joined RWC as a portfolio manager within James Johnstone and John Malloy’s Emerging Market team in mid-2015. The team is already managing
The Hedgeweek Global Awards 2016 for excellence among hedge fund managers and service providers celebrate the achievements of firms that contributed to another significant year for the sector. The awards for managers, presented today in Pall Mall, London, were based on a shortlist of top performers during 2015 produced by Preqin,  which was put to vote by Hedgeweek readers, who include both investors and managers as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors. The final winners in both the manager and service provider categories were confirmed by the Hedgeweek
Total hedge fund assets fell USD64.7 billion to start 2016, a decline of 2.1 per cent, which dropped total industry assets below the USD3 trillion level for the first time since the industry first surpassed the milestone in May 2014. That’s according to eVestment’s latest hedge fund asset flows report which reveals that investor flows were negative in January with an estimated net USD21.5 billion redeemed. Performance accounted for an additional USD43.2 billion decrease. The combination of performance and net investor outflows reduced total industry assets to USD2.964 trillion. Flows have been weak or negative in all except one January
Over USD45 billion in holdings of Navient-sponsored ABS have been registered on DealVector’s platform. DealVector believes this positive response demonstrates investors’ desire for efficient, identity-protected means of communicating with issuers and with each other.    For numerous Navient-sponsored securitisation trusts, 100 per cent of the outstanding face value has now been registered with DealVector.   Navient launched this communication platform in response to certain investors’ interest in extending the legal final maturity dates on their existing ABS bonds. Recognizing that this would require a noteholder vote, and understanding the limitations of traditional notification vehicles, Navient saw the need for a
One of Lombard Risk Management’s major North American banking clients, a multi-national financial services corporation, has successfully gone live with Lombard Risk’s next generation regulatory reporting platform solution. This solution is enabling automation of the bank’s US Federal and Treasury reporting, as well as the Reserve Bank of India reporting requirements. The company believes that creating this single centralised repository from which all of the bank’s regulatory reporting can be automated is a major step forward for the wider industry. The Lombard Risk solution now implemented by the bank will reduce complexity, cost and time. The bank is now able, for the
NewAlpha Asset Management (NewAlpha), a Paris-based global emerging manager acceleration specialist, has reached a seeding agreement with Prime Capital AG (Prime Capital). Founded in 2006, Prime Capital is an independent financial services provider and asset management firm focusing on institutional clients. The company specialises in Alternative Investments, in particular Absolute Return, Infrastructure and Private Debt. Prime Capital currently employs over 50 professionals, based in Frankfurt, London and Luxembourg and has around EUR5.4 billion in Assets under Management.   NewAlpha will invest a significant amount of capital in Prime Capital’s Gateway Target Beta UCITS Fund, via a dedicated fund, structured and
Cybercrime presents the biggest disruptive threat to the asset management industry over the next five years, according to a survey conducted by Linedata in Q4 2015. Over a third (36 per cent) of respondents were concerned about the threat from cyber criminals, undoubtedly buoyed by the large number of recent high profile cyber attacks.   Regulation continues to be their most serious ongoing concern, with 58 per cent of respondents citing the adaptation to new regulatory regimes as the top challenge facing their firm. This was closely followed by cutting costs and maintaining operational efficiencies, which is now the main
Emerging markets hedge funds posted steep declines to begin 2016, as concerns about slowing growth and weakening currency in China, falling energy prices, and geopolitical risk precipitated a steep drop in risky assets globally. The HFRI Emerging Markets Index fell -5.4 per cent in January, following a +2.2 per cent return in 4Q 2015.  The index declined –3.2 per cent for full year 2015, according the latest HFR Asian and Emerging Markets Industry Reports, released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. Total Emerging Markets hedge fund capital
Regulation Automated Trading (Reg AT) is the Commodity Futures Trading Commission’s (CFTC) attempt to provide rules around the ever-changing and growing automated trading environment on the US Futures Exchanges. Many of the proposed regulations and safeguards are already in place and have been for years, but through Reg AT the CFTC is taking the opportunity to update and define some of the registration requirements that have come to the forefront in the age of automated and algorithmic trading.   In TABB Group’s latest research, “Big Brother Is Watching: The Implications of CFTC Reg AT for the Futures Industry,” TABB senior

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