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There has been a flurry of activity over at ML Capital in the last few months. The company provides a range of UCITS and AIFMD fund solutions to fund managers and currently has over USD1.5 billion of assets under management across its Dublin-based MontLake UCITS Platform and MontLake QIAIF Platform. The MontLake UCITS Platform, in particular, has added a number of new funds including: Mygale Event Driven UCITS managed by Neil Tofts; OTS Asia Opportunity UCITS, managed by OTS Capital Management, and SPARX OneAsia Long Short UCITS, managed by SPARX Asia Investment Advisors.  According to ML Capital's CEO, Cyril Delamare,
Q&A with John Bohan (pictured), Managing Director Europe & Middle East, Apex Fund Services (Ireland). To what extent is Apex FS seeing interest in the QIAIF? And where is that interest largely coming from?    The non-UCITS QIF (Qualifying Investor Fund) has been one of the most successful fund structures in Ireland to date, its success reflecting the market appetite for a sophisticated regulated product facilitating hedge fund and other alternative investment strategies.    With the advent of AIFMD in 2013, there has been a growth in funds platforms with licensed investment management companies offering a fast track to market
For EU and non-EU managers, the ability to choose between AIFMD or UCITS regimes to bring a regulated fund product to market with minimal fuss is a compelling one. With its unique business model, ML Capital has proven to the marketplace that there are many ways to scale the walls of so-called "Fortress Europe".  ML Capital operates two Dublin-domiciled platforms that between them are capable of supporting a wide range of alternative investment strategies, from the most liquid end of the scale to the most illiquid end. The MontLake UCITS Platform was established in October 2010, while the MontLake QIAIF Platform,
According to Ken Somerville (pictured), head of business development at Quintillion Limited, Ireland's fund administrators are starting to see real interest among global fund managers, running both hedge funds and private equity funds, as Europe's credit markets continue to be restructured. This is leading to a wider, more complex range of credit strategies, with loan origination perhaps the most talked about example.  Quintillion Limited is a European-based affiliate of U.S. Bancorp Fund Services, a global alternative administrator with assets under administration of USD117 billion, with AuA in Europe totalling approximately USD26 billion.    "At Quintillion, we provide loan servicing through our corporate trust arm. This gives us a
Ireland remains Europe's leading onshore hedge fund jurisdiction by some margin, yet up until a couple of years ago it could not offer fund sponsors a corporate fund structure similar to the SICAV in Luxembourg. The Irish Government was fully aware of this need to improve Ireland's product competitiveness back in 2011, highlighting the fact in its Strategy for the International Financial Services Industry 2011-2016. The end result was the introduction of the Irish Collective Asset-Management Vehicle or ICAV, a new corporate vehicle that over the last 12 months has already proven to be more successful that was initially anticipated. 
Fixed income manager BlueBay Asset Management has hired Jean-Yves Guibert and Marc Kemp into the firm’s Global Leveraged Finance team. Based in London, Guibert has joined as a Senior Credit Analyst in High Yield and Kemp as an Institutional Portfolio Manager.   Both appointments further strengthen BlueBay’s High Yield team, particularly in European markets coverage and in serving clients. Both individuals bring extensive industry knowledge to the team, with particular experience in generating absolute and relative value trade ideas and in primary and secondary market distribution respectively.   Justin Jewell, Co-Head of Global Leveraged Finance Long Only, says: “In normal credit
Imagineer Technology Group, a provider of technology solutions for hedge funds and other investment management firms, has added Joe Brereton (pictured) as a Business Development Consultant to its team. In this role, Brereton will serve as an ambassador for Imagineer in communicating the company’s history, vision and value proposition to the market. He will be responsible for helping increase the firm’s global market presence by representing Imagineer’s industry leading CRM/investor relations, web reporting and fund due diligence solutions for hedge funds, asset managers and allocators. Joe will work alongside Imagineer’s Principals, Erol Dusi and Mark Daniel, in his efforts to
The European Securities and Markets Authority (ESMA) has welcomed the common approach adopted by the European Commission and the US Commodity Futures Trading Commission (CFTC) on the equivalence of central counterparty (CCP) regimes. ESMA Sees this as an important step towards market participants being able to use clearing infrastructures in both the US and Europe, and for the proper functioning of the global derivatives markets.    Once the equivalence decision by the European Commission on the US regime for CFTC-supervised CCPs is adopted, ESMA will rapidly resume the recognition process of specific CFTC-supervised US CCPs that had applied to ESMA
National private placement regimes (NPPR) continue to offer the flexibility and ease of access for marketing into Europe that appeal to fund managers, a London funds audience has heard. Speaking at a Guernsey funds masterclass at the British Museum, panellist Cathy Pitt (pictured), Corporate Partner of CMS Cameron McKenna LLP, said that fund managers appreciated the NPPR process, particularly when they only wished to target a select set of jurisdictions.   “I think people welcome the flexibility offered by the national private placement regimes. I’ve had a lot of experience of non-EU managers who are pleasantly surprised to find that
Parametric Portfolio Associates has added a new Liquid Alternative strategy to its suite of Volatility Risk Premium (VRP) strategies. The Parametric Liquid Alternative strategy is designed to provide investors with a diversifying risk premium that targets risk-adjusted returns similar to many hedge funds. The strategy employs a mix of fully collateralised S&P 500 Index options, creating an effective beta targeted by many hedge funds, but without the complicated structure, leverage, illiquidity or high fees typically associated with them.    The Parametric VRP strategies include a spectrum ranging from covered calls to cash-secured put selling, and include hybrid strategies which vary the

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