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DMS Offshore Investment Services (‘DMS’) Limited was established in the Cayman Islands by Don Seymour in 2000. Over the past 15 years it has grown into one of the industry’s leading fund governance firms with over 200 people. One of the big focuses for the firm is ongoing regulation, in particular AIFMD and FATCA. With respect to FATCA, DMS was able to steal a march on its competitors in 2014 by establishing a FATCA Responsible Officer (FRO) role, six months before anyone else.  “Our principal, Don Seymour, identified FATCA as an area to work on three years ago. We got the
2014 proved to be another strong year of growth for Morgan Stanley’s managed accounts platform, which saw assets increase from USD2.6bn to USD3.5bn.  From day one, Morgan Stanley’s managed account solution was clear: to deliver investor-centric bespoke solutions. As Stephane Berthet (pictured), Executive Director at Morgan Stanley and head of its FundLogic Alternatives platform says: “It goes beyond merely being a distribution platform,” which is the case with more of the long-standing public platforms that have traditionally been manager-centric. There are between 30 and 35 managers on Morgan Stanley’s managed account open architecture platform. Where possible, these managers are used
Saemor Capital is a specialist in quantitative investment management. With approximately USD575m in AUM, Saemor is the second largest hedge fund manager in The Netherlands and is AIFMD-regulated. The Saemor Europe Alpha Fund has generated an 11 per cent return with 9 per cent volatility over the past 5 years, and was launched in 2008, when the firm was founded by Sven Bouman (pictured) and Patrick van de Laar with the backing of insurance company AEGON. The Fund follows an equity market neutral strategy and typically holds 225 positions.  “Despite the increased volatility as a result of geopolitical events and the abrupt fall in the oil price, we have been able to
Foxhill Capital Partners LLC is an SEC-registered value-oriented event driven hedge fund with particular expertise in distressed and special situations. The firm is based in Princeton, New Jersey. It was established by Neil Weiner (pictured), CIO, in 2006, with the launch of the Foxhill Opportunity Fund, LP. “Our fundamental research process is based on my more than 25 years managing hedge funds. Prior to founding Foxhill, I was a partner at Triage Capital, which during my tenure experienced an increase in capital from USD50m to nearly USD1bn. The foundation for our process was first developed at LibertyView Capital where I was a
Omni Macro Fund is a discretionary global macro fund trading instruments at the most liquid end of the spectrum. Roughly 50 per cent of the Fund’s positions are in FX (developed market-heavy), with the rest of the portfolio trading commodities, equity indices and front-end rates and bond futures.  Stephen Rosen (pictured) is CIO and Founder of Omni Macro. He says that typically the team runs three to five trading strategies with one to three line items each.  “We bucket our themes into three categories: • Structural mis-pricing stories • Cyclical themes • Opportunistic tactical trading. “Structural trade origination ideas rely
The sixth edition of the Hedgeweek Awards, presented on 27 February in London’s Mayfair and sponsored by Morgan Stanley, brought together the leading names in the global hedge funds industry to celebrate the achievements of the best performing managers and service providers in 2014. The awards were determined by the votes of Hedgeweek’s subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians and advisers.  Best Macro Fund – Omni Macro Fund Best Event Driven Merger Arbitrage Fund – Paulson & Co Best Event Driven Distressed Fund – Foxhill Capital
The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished up 0.29% in March.  The Managed Futures strategy was the strongest performer, finishing up 4.28% in March, and remained the highest performer year-to-date, up 11.35%. Two of the six sub indices recorded negative performance for the month with the Credit Suisse Event Driven Liquid Index and the Credit Suisse Merger Arbitrage Liquid Index finishing at -1.29% and -0.85% respectively.
CBOE Futures Exchange (CFE) has reported a month-on-month increase in March in average daily volume (ADV) and monthly total volume, both exchange-wide at CFE and for futures on the CBOE Volatility Index. Both totals though, are down from level achieved a year ago. March average daily volume in VIX futures was 167,591 contracts, an increase of one per cent from February 2015 and a decrease of nine percent from March 2014. Total volume in VIX futures for March was 3.7 million contracts, up 17 per cent from the previous month and down four per cent from a year ago.   
JP Morgan Asset Management Global Real Assets (GRA) has launched Tactical Direct Investments (TDI), a dedicated cross-real assets group. Under the leadership of Avik Mukhopadhyay, Head of Global Real Assets Tactical Direct Investments, the TDI team will help clients access new opportunities by leveraging the global investment capabilities of the USD82 billion in AUM GRA platform and GRA's long and successful track record of direct investing. GRA currently manages or advises more than USD17 billion of direct and co-investment transactions globally on behalf of clients.  "Institutional investors are increasingly seeking to complement their real asset fund holdings with direct investments.
Euronext has expanded its Spotlight options offering with options on GrandVision. The new products follow the company’s successful IPO on Euronext Amsterdam in February and are available for trading with immediate effect.  The contracts will have short-term maturities of one, two and three months.   In addition, Euronext intends to promote the existing Spotlight option class Altice SA to the standard options segment as of 1 May 2015. The lifetime of these contracts will therefore be extended to 12 months. On 1 May, the September 2015, December 2015 and March 2016 expiry months will be added. The extension to longer

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