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With more than 50 years' experience providing financial services to clients around the world, Guernsey Finance’s China Representative, Wendy Weng (pictured), discusses how the island's funds industry can offer a gateway to the UK for Chinese clients…
With several hundred Guernsey service providers, supported by a network of professional services, including global accountancy practices and multijurisdictional law firms, there is significant infrastructure and expertise available to service Chinese clients who are seeking to invest into the United Kingdom (UK).
Chinese corporate entities can use Guernsey’s offering in two principal ways: to establish a Guernsey domiciled investment fund which invests into
- 17/11/2015
Wunder Capital has launched its second investment fund, The Wunder Bridge Fundm which is aimed at accredited individual and institutional investors looking for a targeted 11 per cent rate of return with the backing of Wunder’s financing and implementation model.
The solar energy market has grown more than 1,000 per cent in the past four years. The Solar Energy Industries Association reports an installed capacity of more than 22.7 gigawatts, enough to power more than 4.6 million American homes.
Wunder offers a way for accredited investors to tap into this growth. The Wunder Income Fund, launched earlier this year,
- 17/11/2015
Sankaty Advisors, the credit affiliate of hedge fund firm Bain Capital, is to acquires the management contracts for four portfolios of collateralised loan obligations (CLOs) totalling USD1.6 billion of assets from Regiment Capital Advisors.
Financial terms of the deal have not been disclosed.
The management contracts to be transferred are for Cavalry CLO II, Ltd, Cavalry CLO III, Ltd, Cavalry CLO IV, Ltd, and Cavalry CLO V, Ltd, all of which contain underlying assets across a diverse array of industries. Completion of the transaction is expected by the end of 2015 upon receipt of certain necessary consents.
Sankaty
- 17/11/2015
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.09 per cent in October.
The Wilshire Liquid Alternative Multi-Strategy Index, which includes both single and multi-manager funds, ended the month up 1.33 per cent. Following a 10 per cent loss over the last two months, the Wilshire 5000 Total Market IndexSM rebounded sharply in October, posting an 8 per cent gain. After a weaker than expected September jobs report was released at the beginning of the month, equities rallied to have their best month in six years.
The
- 17/11/2015
After posting negative returns throughout Q3, the Preqin All-Strategies Hedge Fund Benchmark returned to positive territory in the first month of the final quarter of the year with a gain of 2.07 per cent in October.
All top-level strategies and geographic regions posted positive performance, with equity strategies returning 3.12 per cent, and North American funds returning 2.53 per cent. Nearly all strategies and geographies are now showing positive performance across year-to-date and 12-month horizons.
Preqin’s funds of hedge funds benchmark was positive in Q3 too with a return of 1.15 per cent for October (-1.41 per cent in
- 17/11/2015
Global Macro and CTAs outperformed the hedge fund space and delivered positive returns last week amidst difficult market conditions. We reaffirm our overweight stance on these two strategies.
- 16/11/2015
The Guernsey office of JTC, a provider of institutional client and private client services, will now be led by Adam Moorshead (pictured).
As well as being the Managing Director of the Guernsey office, A Moorshead dam who joined JTC in 2015 following the acquisition of Kleinwort Benson’s fund administration business, will have cross-jurisdictional responsibilities. He will also sit on the global management board of JTC’s Institutional Client Services division.
Moorshead has more than 25 years of industry experience and a proven track record in managing multi-disciplinary teams across leading international financial centres. He also has extensive management experience specifically within
- 16/11/2015
- 16/11/2015
Celoxica, a provider of accelerated market data, order entry and pre-trade risk solutions for the electronic trading community, has extended its Celoxica Feed Handler and Gateway portfolio to further support Interest Rate Markets by including the BrokerTec and Nasdaq eSpeed venues, delivering small footprint, high message volume processing at ultra-low latency.
This asset class expansion has been introduced in response to the continued electronification of the Fixed Income and Rates markets, traditionally traded via voice or OTC, but with the introduction of new regulations and increased buy-side demand, progressively moving towards electronic trading. Order-driven venues such as BrokerTec and eSpeed
- 16/11/2015
PEGAS, the pan-European gas trading platform operated by Powernext, is to introduce locational spot products on 17 November 2015, supporting the physical balancing of French Transmission System Operators (TSO) and German Market Area Manager (MAM).
As a result, GASPOOL and GRTgaz will be able to perform balancing actions directly on the existing PEGAS Trayport ETSSM trading screen which has been adapted accordingly. The new products are listed on the PEGAS spot market, allowing all current PEGAS members to easily join in. Transactions will be cleared through European Commodity Clearing (ECC).
PEGAS actively supported national regulatory authorities and grid operators in
- 16/11/2015
BGC Partners, and its majority-owned division, GFI Group – a provider of trading technologies and support services to the global OTC and listed markets – are to sell GFI’s Trayport business to Intercontinental Exchange for USD650 million.
Howard W Lutnick (pictured), Chairman and Chief Executive Officer of BGC, says: "The agreement to sell Trayport for USD650 million clearly demonstrates the value that this leading platform provides to the global energy and commodities markets. This is a business that has counted both BGC and GFI as customers for many years, and we expect to continue to use it for the foreseeable
- 16/11/2015
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