Digital Assets Report

Latest News

As of 19 February 2016, the Skënderbeg Fund, a sub-fund of Skënderbeg Funds SICAV, has been transformed into a UCITS structure, which is designed to providing access to alternative investments in a liquid and transparent format. A statement from Skënderbeg says: “We believe that UCITS funds offer investors the best of both worlds – the flexibility and convenience of mutual funds and the potential advantages of alternative investments. As a result of the conversion, the liquidity of the Skënderbeg Fund will be improved (from monthly with 45 days redemption notice to weekly with 5 business days redemption notice), and the
Hedge fund administration specialist Custom House Global Fund Services has launched a new brand interface and officially transitioned the firm to an independently-owned fund administrator, following regulatory and government approvals. As part of the brand relaunch, Custom House has introduced a new logo and resource-oriented website that reflects the company’s DNA as an independent fund administrator focused on delivering a service-led business model in an industry that faces increasing complexity from today’s financial markets, regulation and compliance. The brand relaunch is a result of the creation of Custom House as a stand-alone entity from parent TMF Group BV, initiated last
DTCC-Euroclear Global Collateral, a joint venture (JV) of Euroclear and The Depository Trust & Clearing Corporation (DTCC), has published a white paper, Implications of Collateral Settlement Fails: An Industry Perspective on Bilateral OTC Derivatives. The paper examines the market implications and costs of bilateral OTC derivatives collateral settlement fails. A collateral settlement fail occurs when cash or securities collateral is not delivered or received on the agreed date.   Beginning in September 2016, new rules for bilateral clearing of OTC derivatives are projected to significantly increase the number of collateral movements between market participants. If the current 3 per cent
Morgan Stanley Alternative Investment Partners (AIP) has closed on over USD225 million in final capital commitments for Private Markets Income Fund I (PMIF). The fund’s strategy is to invest in niche income-oriented private market strategies, across primary fund commitments, co-investments and secondaries, which provide near-to-medium-term cash distributions. These investment strategies are frequently backed by real, financial or intellectual property assets. While PMIF represented AIP’s first standalone fund in this strategy, AIP has been an active participant in this investment space since 2000.   “Our clients rely on alternative investments to meet many different objectives, and this capital raise demonstrates how
Janus Capital International, the international arm of Janus Capital Group, has appointed Chris Justice (pictured) as Chief Operating Officer and Head of Europe. Based in London, Justice will develop and execute Janus Capital International’s business strategy across EMEA. Working with Jamie Wong, Head of Institutions, EMEA and Sylvain Agar, Head of Financial Intermediaries, EMEA, Justice will ensure the firm is operationally set up to strengthen relationships with its investors across the region, as well as diversify and deliver investment solutions for its clients and partners.   Previously based in Hong Kong as Head of Strategic Initiatives for APAC and EMEA,
Calastone has launched Calastone Data Services, a global market intelligence solution offering fund managers detailed insight and transparency into their global fund distribution whilst also supporting client firms in meeting changing regulatory obligations. MiFID II, the European regulatory framework designed to improve the transparency and oversight of financial markets, is moving responsibility to understand the distribution chain from distributors and platform providers to fund managers. This means that for the first time fund managers will be required to have full transparency into where their products are being sold. This shift in responsibility represents an enormous challenge.   Historically, fund managers
itarle AG (itarle), the independent multi asset algorithmic trading and analytics services provider for the sell-side, has become a member of the International Commodities & Derivatives Association (ICDA). ICDA has a stated aim of bringing together firms, and the people who work in them, to build networking and business opportunities across the derivatives and commodities marketplace.   itarle provides algorithmic trading, smart order routing and transaction cost analysis services to sell-side firms executing transactions on global equity and futures exchanges. The unique itarle service enables clients to trade using their own exchange memberships and existing connectivity channels.   Paul Lynch
City Financial has decided to close the Decca Fund to any further subscriptions for both existing and new investors. The Decca Strategy's assets under management have reached approximately USD500million. The fund launched on 1 April 2015, and is managed by Shahraab Ahmad from City Financial’s London office.   Goldman Sachs International acts as the Fund’s prime broker.   City Financial Chief Executive Andrew Williams says: "City Financial is focused on ensuring the Decca Fund is run at a scale that takes into account market conditions, volatility, and other relevant risk considerations. We are pleased the Fund reached that scale in
A new study by The Chicago Board Options Exchange (CBOE) has examined six benchmark indexes that write Standard & Poor’s 500 Index (SPX) options, comparing their performances with those of traditional stock, bond and commodity indexes. The study found that the options-selling indexes generally had returns that were similar to those of the S&P 500 Index, but with lower volatility and lower maximum drawdowns.   The report, “Performance Analysis of CBOE S&P 500 Options-Selling Indices,” is the first comprehensive study that examines the performance of options-strategy benchmark indexes that incorporate iron condor and iron butterfly strategies.   Commissioned by CBOE
Against a challenging market backdrop, FUM at Man Group grew 8 per cent in 2015 to USD78.7 billion, driven by a positive investment performance of USD2.4 billion, a second year of positive net inflows (USD0.3 billion) and acquisitions. Adjusted profit before tax of USD400 million was in line with analyst expectations. This follows a very strong 2014 which saw exceptional performance at AHL in 2014 (all four of AHL’s flagship funds were in the top 25 of Bloomberg’s 100 top performing hedge funds for the year).   The company’s commitment to diversification continued with the appointment of several high-calibre investment

Special Reports

FeatureD

Events

16 May, 2024 – 8:30 am

Directory Listings