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The LuxHedge Global UCITS Index fell by 0.85 per cent in September. This second consecutive monthly decline leads the index to a flat year-to-date performance (+0.20 per cent). The equity markets kept suffering with -5.05 per cent in Europe, -2.47 per cent in the United States (US), -2.97 per cent in Emerging Countries and -3.65 per cent for the MSCI World Index this month.   The LuxHedge Equity Market Neutral UCITS Index has exhibited flat performance (+0.12 per cent) despite the very turbulent market. The commodity market is once more hit hard (-3.42 per cent) and consequently the LuxHedge Commodity
Context Asset Management has launched the Context Macro Opportunities Fund, which seeks to deliver long-term, risk-adjusted returns with low correlations to the financial markets and is part of Context’s drive to ‘democratise’ hedge fund strategies by offering them in alternative mutual funds. "As alternative investment products continue to rise in popularity and investors brace for the upcoming interest-rate increase, we are dedicated to rolling out innovative strategies that bring the potential benefits of alternative mutual funds, including low correlation to traditional asset classes, higher-quality return streams and lower volatility, to a wider audience of retail and institutional investors," says John
Moab Capital Partners, an alternative investment fund manager with over USD485 million of consolidated assets under management across their hedge funds and other product offerings, recently selected Maples Fund Services to provide a full suite of hedge fund administration services. Maples Fund Services will provide a range of administration services, including fund accounting and investor services, for the hedge funds managed by Moab. Maples Fund Services’ customisable approach and sophisticated infrastructure, coupled with the expertise of its team in working with debt funds, were key elements in the asset manager’s decision to migrate from its existing fund administrator.  Maples Fund
Bill Maher has joined Cowen Prime Services (Cowen Prime), the prime services division of Cowen, as Managing Director – Head of Client Services. Mike Rosen, Managing Director and Global Co-Head of Prime Brokerage Servicesm says: “We are pleased to welcome Bill to Cowen Prime and believe his leadership of our client service effort will further enhance the firm’s relationships with our clients and further develop our presence in the alternative investment space. Bill is a seasoned prime brokerage executive with a great deal of experience in client service and support, and an impeccable reputation with alternative investment managers and institutional
BlueMountain Capital Management, a private investment firm with over USD22 billion in assets under management, has appointed Summer Jarratt as Client Advisor overseeing its West Coast business development and client service. Jarratt’s hire is designed to enhance BlueMountain’s growing West Coast investor base and build on the momentum of recently secured agreements for new mandates with the Orange County (CA) Employees Retirement System and the New Mexico Public Employees Retirement Association (NM PERA). Jarratt will report to Noam Leslau, BlueMountain Capital Management’s US Head of Client Advisory.   Based in Los Angeles, Jarratt will implement business development strategies to attract
Irish Funds, the representative body for the cross-border investment funds industry in Ireland, has today welcomed the publication of new Regulations for Undertakings for Collective Investment in Transferable Securities (UCITS) by the Central Bank of Ireland (CBI).
  
Once implemented, the Regulations will simplify the existing regime for clients of the jurisdiction. The new legislation from the CBI intends to consolidate all of the conditions imposed on UCITS, their management companies and depositaries into a single document, and is the conclusion of the Central Bank’s Consultation CP 77 which was initially published in January 2014.
 â€¨In addition, the publication
Global growth concerns increased in September, with the Fed holding a very dovish line, while several idiosyncratic market events, such as Volkswagen and Glencore, contributed to uncertainty and negative returns in markets. The challenging month contributed to the third quarter being the worst quarter in performance terms for many risk asset markets since 2011. For the month, global equities as measured by the MSCI World index were down 3.6 per cent, while the US Dollar index and the Barclays US Aggregate Bond index were up 0.6 per cent and 0.7 per cent, respectively.   The correlated sell-off in risk assets
Linedata has released the latest version of Linedata Longview for Asset Managers, which offers an integrated approach to portfolio management, trading and compliance. This release provides substantial enhancements to streamline the workflows for portfolio managers and improve their operational efficiencies.   Demands on institutional asset managers continue to increase due to more complex asset classes and investment strategies amid growing investor expectations. In order to expand their business into these new products and markets, the investment decision process will give managers the competitive advantage they need to pursue these growth opportunities. Seeking to drive operational efficiencies, technology remains a key
The Alternative Investment Management Association (AIMA) has set out a number of steps that hedge fund firms and other asset managers should take in building up their cyber security defences. The newly-published AIMA Guide Guide to Sound Practices for Cyber Security discusses the nature and scope of existing and emerging threats and offers practical guidance on effective methods for preventing or dealing with them.   The Guide focuses on matters such as governance, employee related considerations, the technology that can be used for data protection, threat prevention and threat detection and how these technologies can be developed in-house or using
Nomura Research Institute is to examine the feasibility of implementing blockchain, the distributed ledger technology supporting cryptocurrency exchange, and other new technologies in the securities industry.  The study will be conducted in collaboration with Nomura Securities as well as other technology startup firms. The results will be used to examine opportunities for practical application after the study is completed in January 2016.   The impetus behind creating this study emerged from NRI’s continuous commitment to promote open innovation, based on the understanding that the financial and technology sectors are becoming increasingly linked. The unique value created by the merger of

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