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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
Reynders, McVeigh Capital Management, a socially progressive investment management firm, has appointed Lisa Chioffi, CFA as a Senior Portfolio Manager. Chioffi brings more than 25 years of experience in the financial services industry to Reynders, McVeigh including expertise in equity research and portfolio management, serving individuals, endowments, traditional trusts, and special needs trusts. As a Senior Portfolio Manager and a member of the senior leadership team, she strategically aligns client portfolios with both their individual values and needs.   “We are thrilled to add Lisa to the Reynders, McVeigh team as she is a professional of the highest caliber serving
Fund governance firm DMS Offshore Investment Services (DMS) has recruited David Morrissey, former Managing Director of SEI Investments Global Fund Services to serve as Executive Director with its Dublin team. He will lead all aspects of client service delivery across multiple product lines and will also serve as an independent director on Irish and Luxembourg funds.   DMS Chief Executive Officer Anne Storie, says: "David comes to DMS with a remarkable track record of success in product development and client service in the alternative investment fund industry. His expertise and insights in areas such as AIFMD and UCITS are well
The Global Legal Entity Identifier Foundation (GLEIF), the body responsible for ensuring the operational integrity of the Global Legal Entity Identifier (LEI) System, has launched its data quality management program. Based on a set of clearly defined criteria, the program allows the quality of the LEI data pool (the publicly available information on legal entities identifiable with an LEI) to be monitored, assessed and further optimised. The first monthly report, published today, reflects the very high level of data quality already achieved in the Global LEI System.   The LEI connects to key reference information that enables clear and unique

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