Digital Assets Report

Latest News

Hedge fund launches and liquidations both increased in Q3 2015, as energy commodities and equities posted sharp declines, and high yield credit spreads began to widen, according to HFR's latest Market Microstructure Report. Hedge fund liquidations totalled 257 in Q3 2015, up from 200 in the second quarter, and the highest quarterly total since Q1 2014, according to the latest HFR , released today by HFR, while total liquidations in the first three quarters of 2015 stand at 674, up from 661 liquidations during the first three quarters of 2014.   The number of hedge fund launches also rose in Q3 2015
Martin Shkreli, the founder and managing member of hedge funds MSMB Capital Management LP (MSMB Capital) and MSMB Healthcare Management LP (MSMB Healthcare) and former Chief Executive Officer of Retrophin Inc has been charged with fraud. Evan Greebel, a former partner at the New York office of law firm Katten Muchin Rosenman LLP, who served as outside counsel to Retrophin, has also been charged. Shkreli is charged with securities fraud, securities fraud conspiracy, and wire fraud conspiracy for orchestrating three interrelated schemes: schemes to defraud investors in MSMB Capital and MSMB Healthcare and a scheme to misappropriate Retrophin’s assets. Greebel
Malta has come a long way as a fund jurisdiction since it joined the EU in 2004. Through June 2015, Malta had 146 licenced entities holding Category 1A (advisory), Category 3A and Category 4A licences. In terms of growth trends, one interesting observation is that the number of retirement schemes being established in Malta is on the rise. There are 35 such retirement schemes currently, compared to 11 in 2013. In addition, Malta is home to some 14 retirement scheme administrators, illustrating that the international pensions space is gaining traction.  With respect to the fund management operational infrastructure, Malta is
Guernsey's funds industry is demonstrating clear value to fund managers and is increasingly being viewed as a world-leading jurisdiction in which to establish investment funds; in particular hedge funds and private equity funds. A report authored by KPMG and commissioned by the States of Guernsey (and supported by Guernsey Finance), published in May 2015 – entitled International Capital Flows – found that Guernsey funds facilitate GBP25 billion of inward investment to the UK from global investors and some GBP105 billion of inward investment to Europe. It estimates that European fund managers running Guernsey funds earn GBP1.8 billion of fees, of
Gibraltar is a peninsula located on the southern tip of Iberia and is home to 32,000 people. It is the only British jurisdiction located in continental Europe. For managers, particularly those based in the UK, who are searching for options on where to establish an AIF, and indeed an AIFM, to comply with the AIFM Directive, the fact that Gibraltar is an English-speaking peninsula, uses Sterling as its currency, and has a legal system based on English common law, makes it highly appealing.  For lovers of golf, there are hundreds of golf courses within a 50-kilometre radius. There are great
Dillon Eustace is one of Ireland's leading law firms focusing on corporate and M&A, financial services, banking and capital markets, litigation and dispute resolution, real estate, insurance and taxation. Headquartered in Dublin, Ireland, the firm's international practice has seen it establish offices in Tokyo, New York, Hong Kong and the Cayman Islands. Within our seven main practice groups we have developed teams focusing on specific practice areas, bringing together in a co-ordinated fashion, lawyers, tax advisers and compliance professionals from different teams to advise on specific parts of a client's transaction or matter. Background to development Ireland is Europe's leading onshore
Since the BVI introduced the Approved Manager regime at the end of 2012 demand has been strong. Currently, there are 101 Approved Managers licensed in the BVI.  In its initial incarnation, any manager running an open-ended BVI fund with no more than USD400million in AuM or a closed-ended fund with USD1billion of aggregate capital commitments could apply for the Approved Manager license. The reason for introducing the regime was to allow smaller managers and start-ups to avoid the Category 3 investment business licensing regime under the Securities Investment Business Act (SIBA), which became the BVI's principal legislation in 2010. On
The Global Fund Media Guide to Relocation 2016 is the fifth edition of this unique online publication being made available to the 50,000-strong audience of investment managers, institutional investors and fund service providers that read GFM's family of investment management newswires daily. The focus of the Guide is to help managers, promoters and their advisers decide where best to locate their investment funds – and themselves – and complements the daily news, special reports and fund data delivered through our specialised investment management portals (see below for complete list). This edition of the Guide draws together in one volume the key
McKay Brothers International’s (MBI) Central London POP, adjacent to the London Stock Exchange, is now live, completing MBI’s UK Local millimeter wave network. MBI connects data centres serving major UK equities, interest rate and FX matching engines at the lowest known latency. For example, latency from Slough-LD4 to a MBI’s Central London POP is 272 microseconds round trip. Slough-LD4 to Interxion’s Central London location is covered in 280 microseconds round trip.   “McKay offers the lowest known latency for each leg of the UK equities trade,” says MBI’s managing director Francois Tyc. “We are the only provider able to meet
The US Commodity Futures Trading Commission (CFTC) has voted unanimously to approve two proposals for amendments to existing regulations addressing cybersecurity testing and safeguards for the automated systems used by critical infrastructures the CFTC regulates. The proposals will be open for public comment during a 60-day comment period after their publication in the Federal Register.   The proposals, to be published in separate Federal Register Notices, identify five types of cybersecurity testing as essential to a sound system safeguards program: (1) vulnerability testing, (2) penetration testing, (3) controls testing, (4) security incident response plan testing, and (5) enterprise technology risk

Special Reports

FeatureD

Events

16 May, 2024 – 8:30 am

Directory Listings