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GSX, the Gibraltar Stock Exchange has expanded its services to include the listing of Debt Securities and Closed-ended Funds, having received approval from its regulator, the Gibraltar Financial Services Commission. The expansion is a key element of GSX’s strategy in complementing Gibraltar’s unique position within the EU and providing financing solutions to its clients seeking a gateway to Europe, particularly through the securitisation area.     “We have seen strong demand for debt-related financing solutions in a number of sectors including SME’s using the mini-bond market to raise capital in the EU Capital Markets and diversify funding sources; (re)insurance companies
Keen to grow your business? The big question is can you do it profitably, without suffering significant increases in staff and costs? Asset growth is no longer a surefire route to boosting profitability. Industry-wide performance for 2015 is in the doldrums – for instance, the HFRX Global Hedge Fund Index is down 1.63per cent  year-to-date, while many firms are struggling to reach their high water marks. Poor performance is also adding weight to the debate on fees. The era of ‘2 & 20’ may not be quite over, but it is disappearing. At the same time, cost pressures are on
CTA strategies posted negative returns across the board in December to end a volatile year ccording to data released by Societe Generale, with the firm’s headline SG CTA index down 1.29 per cent for the month resulting in a flat performance for the year. The Newedge Indices have now been rebranded to the SG Prime Services Indices, effective immediately. This is part of the integration of Newedge into Societe Generale’s Global Markets division, following the acquisition of Newedge by Societe Generale in May 2014. Given the close alignment of the businesses, the industry-leading benchmarks will now operate under SG Prime
London-based Nevsky Capital is closing its USD1.5 billion hedge fund, citing the rise of algo trading and bear market fears as reasons for the closure. The Nevsky fund is expected to liquidate its portfolio and move into cash by the end of this month. In a statement to investors CIO Martin Taylor (pictured) says: “After 15 years of managing the Nevsky fund, we have come regretfully to the conclusion that the current algorithmically driven market environment is one which is increasingly incompatible with our fundamental, research orientated, investment process.”   Taylor adds: “The bear market in emerging market equities, which began
Alternative Investment Management, (AIM), a privately-owned investment management firm has appointed Ryan Quinn as managing director, focusing on portfolio management and researching hedge fund and private equity managers and investments. Quinn is also a member of the firm’s Investment Committee.   “We are excited to have a professional of Ryan’s caliber join our growing investment team,” says AIM Partner Jonathan Harris. “Ryan’s experience in various facets of financial services – including portfolio management and investment manager selection – will be beneficial to our investment and due diligence process. I am also confident that Ryan will make immediate and positive contributions
Akram & Associates, Certified Public Accountants, have established a presence in New York City with the opening of a new office at 347 Fifth Avenue.
Mergermarket Group has acquired Creditflux, a provider of intelligence, analysis, data and events covering CLO and credit fund pricing, investments, trading and returns.
 â€¨The acquisition accelerates the global expansion of Mergermarket Group’s extensive real-time fixed income intelligence and data provision. The company’s Debtwire and Xtract Research products already deliver insight and analytics on corporate high yield, distressed and restructuring situations.
 â€¨“We are very excited to fortify the growth story of our global fixed income division with the acquisition of Creditflux, a highly regarded and trusted source of CLO and credit fund intelligence and data,” says Hamilton Matthews, (pictured)
This year remained macro driven, dominated both by monetary policies and the shifts in deflation scares, themselves function of the stance regarding the Chinese transition and oil prices. Four phases paced markets and hedge funds trends:
Elian has strengthened its fund services team in Guernsey with two new appointments and a senior promotion. Kees Jager has joined Elian as an associate director and will lead the local Fund Services team.  Working closely with Jager, Leasa Callaway has been promoted to manager and Sally Ann Brehaut has joined the firm as an assistant manager – compliance.   “Elian is building a reputation as a progressive and exciting firm, with a very bright future,” says Tom Amy, managing director of Elian in Guernsey. “We are always looking to strengthen our teams, to further enhance the service we offer
Martin Currie has now received the necessary approvals to complete the purchase of the business assets and investment management team of PK Investment Management, the London based long/short Japan Equity boutique.   Led by Paul Kirkby, the team now includes Martin Currie incumbent manager, Claire Marwick. Overall assets under management for the enlarged team are USD425 million.   Kirkby has also been appointed as lead manager of the Legg Mason Japan Absolute Alpha Fund the Luxembourg domiciled UCITS fund.   Andy Sowerby, Head of Sales and Marketing at Martin Currie, says: “This is an exciting milestone in the development of our

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