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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
MPMF Fund Management (Ireland) Limited (MPMF), the Maples group’s alternative investment fund manager (AIFM), has been authorised as a UCITS management company by the Central Bank of Ireland.  “The UCITS management company authorisation will allow MPMF to gain investment momentum and ensure that managers have the resources and support they need to meet the risk and reporting requirements of UCITS funds,” says Scott Somerville (pictured), Chief Executive Officer at MaplesFS.   MPMF provides AIFM and UCITS management company solutions via both a fully hosted/outsourced solution as well as a delegation solution. Both models provide local management and fulfilment of all
Big changes are afoot across a broad spectrum of the financial services industry. For example, in the wealth management and investment advisory space, thanks to huge technological developments in recent years, traditional wealth managers have a new competitor to face; the robo adviser, which sounds exciting but it is less the Terminator and more machine learning software, using algorithms to learn investor behaviour and automatically invest into portfolios based on clients' goals and risk threshold.  Such is the rise of the robo adviser, which includes Betterment and Wealthfront, Nutmeg, Money on Toast (!), not to mention Vanguard and Fidelity, that
Strategic advisory and consulting firm Berkeley Research Group has appointed Michael Athanason as a managing director. Athanason joins the BRG Capstone group in New York where he will lead the Private Funds Group Valuation Team. Athanason brings over 25 years of valuation and corporate finance advisory experience and has been involved in the valuation of alternative investment portfolios for the past 10 years. He joins BRG from KPMG, where he was the US national leader of the Alternative Investments Valuation practice, and he was previously the global leader of Duff & Phelps’ Alternative Investment Valuation Services business.   Athanason specialises
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed John Sergides as Managing Director, Global Head, Business Development & Marketing. 

 The appointment, which reinforces MUFG’s commitment to the asset servicing sector, is effective from 14 December 2015 and coincides with the completion of MUFG Investor Services’ acquisition of UBS Asset Management's Alternative Fund Services (AFS) business. 

Sergides will be responsible for driving MUFG Investor Services’ asset servicing solutions. These include fund administration, middle-office outsourcing, custody, depository, trustee, fund of hedge fund financing, FX and wider banking services to new clients, as well as deepening
Hong Kong-based macro-economic hedge fund Guard Capital is now using TFG Financial System cloud-based, cross-asset technology solution for its multi-asset portfolio and risk management requirements. Guard Capital, which was founded by Leland Lim and Allan Bedwick, is drawing on TFG’s trade capture and risk management capabilities to support its real-time approach to financial markets. Guard pursues macro-economic themes, making use of highly liquid instruments to maximise investor returns using emerging market currencies, interest rates and other markets.   Guard says it chose TFG because of its focus on multi-asset product support, including real time risk reporting and stress testing features,

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