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Emergence and NewAlpha Asset Management (NewAlpha) have made a strategic investment in  Fideas Capital (Fideas) with Emergence’s long-only European equity sub-fund investing EUR35 million in Fideas’ quant-driven European equities fund. Fideas’ smart beta range of funds have seen assets under management double in the last two years and the firm now manages over EUR400 million.   This ‘smart beta’ investment process aims to minimise volatility by focusing on individual risks that are weakly correlated. Fideas believes this approach optimises the risk reward properties of the portfolio by effectively reducing the global risk of the portfolio without having to miss out
The attitudes of fund managers in Europe towards the Alternative Investment Fund Managers Directive (AIFMD) are continuing to evolve as managers increasingly get to grip with risk management and reporting, according to new research. The conclusions of the ‘Changing Structure of Alternative Asset Management’, conducted by IFI Global and sponsored by fund and corporate service provider Crestbridge, were launched at a special Forum attended by more than 100 senior industry professionals in London recently. Hosted by Simon Osborn (CEO, IFI Global), the event featured a range of experts from the European funds landscape including Daniela Klasén-Martin (Managing Director, Crestbridge Luxembourg).
Last week, markets focused on welcoming encouraging October economic releases, factoring possible non-US central banks actions, digesting a more hawkish Fed and jumping into the rally.
Although the research and development (R&D) tax credit provides substantial benefits, the financial services industry continues to be hesitant to take advantage of it for several reasons. This whitepaper by Yair Holtzman (pictured), tax partner at Anchin, Block & Anchin, discusses the definition, history, and recent developments of the R&D credit. Also, it describes examples of product and process improvements within the financial services industry that satisfy IRS guidelines for R&D credits.    Please click here to donwnload the whitepaper.  
Affiliated Managers Group (AMG) is to acquire an equity interest in hedge fund firm Ivory Investment Management, with Ivory’s senior partners continuing to hold a majority of the equity of the business and direct its day-to-day operations. Founded in 1998, Ivory has a 17-year history of alpha generation through a research-intensive, fundamental value-based approach. As of 30 September, 2015, Ivory managed approximately USD3.6 billion in assets across long/short equity and long-only investment strategies, with the principal investment objective of delivering high absolute returns on a risk-adjusted basis, with low correlation to market indices. The firm has a consistent track record
Well over 150 Canadian hedge fund and financial services industry professionals and supporters gathered at The Storys Building in Toronto on October 29 for the 12th annual “Open Your Hearts to the Children” gala. The special fundraising evening organised by Hedge Funds Care/Help for Children Canada (HFCC) raised nearly CAD250,000 for the prevention and treatment of child abuse. To date, this annual event has now raised more than CAD2.3 million. The funds raised are allocated to local charities and organisations that focus on child abuse prevention and treatment.   “Once again the hedge fund and broader financial services industry in
Cordium has launched a new electronic communications review service designed to monitor the emails, instant messages and other office communications of broker dealers and registered investment advisers to meet various regulatory and compliance requirements. The review process, which will be tailored to the requirements of individual users, will include an independent and confidential assessment without bias or complication of internal employee relationships, as well as specific search parameters unique to the regulatory risk profile of the organisation.   The process will also provide documentation and evidence review for records in the event of an audit; and a team of consultants
Hedge funds posted strong gains in October to begin the fourth quarter in positive fashion, according to data released by HFR. October’s gains partially reversed declines from a volatile Q3, driven by equity, fixed income and credit-sensitive strategies. The HFRI Fund Weighted Composite Index (FWC) posted a gain of +1.7 per cent for the month, bringing the FWC to a Net Asset Value of 12,424, with gains led by Equity Hedge and Activist strategies. October represents the strongest FWC monthly gain since February and brings the YTD performance to +0.03 per cent. This YTD gain tops the decline of the
The European Securities and Markets Authority has elected three new members to its Management Board to replace outgoing members whose terms expire in November this year. The election took place at the Board of Supervisors meeting in Luxembourg on 5 November and the successful candidates, who will serve a term of 2.5 years beginning on 1 December 2015, are: Lourdes Centeno, Comisión Nacional del Mercado de Valores (CNMV), Spain – new member; Klaus Kumpfmüller, Finanzmarktaufsicht (FMA), Austria – ending first term and re-elected; and Elisabeth Roegele, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Germany – new member.   The outgoing members were Kostas
Conning is to acquire Octagon Credit Investors, a US–based manager of specialised credit asset classes with expertise in collateralised loan obligations (CLOs), bank loans and high yield bonds. Based in New York, Octagon has more than 20 years of experience investing in below-investment grade markets, allowing Conning to expand its best-of-breed capabilities for clients globally. Octagon manages USD12.8 billion in assets through its CLOs, separate accounts and commingled fund offerings on behalf of insurance companies, banks, pension funds and asset managers. Andy Gordon will continue as Octagon’s Chief Executive Officer, and the firm’s existing investment and business teams will remain

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