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Maples Fund Services has completed Alternative Investment Fund Manager Directive (AIFMD) Annex IV reports for December 2014 for seven EU jurisdictions, utilising its regulatory reporting platform.  AIFMD requires European and certain non-European alternative investment fund managers (AIFMs) as well as non-EU alternative investment funds ("AIFs") marketing through national private placement regimes to submit highly detailed Annex IV reports to regulators as part of the industry’s on-going efforts to monitor systematic risk.  "We are pleased that our clients have entrusted us to assist with the diverse and complex challenges that AIFMD presents, and are proud that Maples Fund Services’ combination of
Marsh has launched its Delta Investment Management Insurance (IMI) facility to help asset and investment managers, hedge fund managers and fund-of-funds managers with professional indemnity and crime risks.  Delta IMI is underwritten by a panel of leading London market insurers and is available to clients globally (excluding those domiciled in the US). Each insurer can provide limits of liability up to GBP 10 million, USD 15 million, CAD 15 million, AUS 15 million, or EUR 15 million; or collectively they may provide a maximum of GBP 40 million, or equivalent currency. Delta IMI’s features include: • Provision for mitigation costs.
Stenham Asset Management, the USD2 billion hedge fund investment firm, has launched a UCITS-compliant macro fund of funds portfolio.  The new Stenham UCITS Macro Fund will draw on more than two decades of the group’s experience and expertise in macro fund investing, with Stenham launching its first strategy in this space in 1993. This is the second UCITS vehicle for the group, after the unveiling of the Stenham Equity UCITS Fund in November 2013.  Launched last month, the weekly-dealing Stenham UCITS Macro Fund will hold a high conviction portfolio of up to 10 funds within the rapidly-expanding macro UCITS universe.
Fiera Capital Corporation is to acquire New York based Samson Capital Advisors, a US fixed income investment management firm with USD7.6 billion in assets under management.  Total consideration paid at closing for the transaction will be approximately USD33.5 million, subject to various adjustments. This acquisition will bring Fiera Capital's total assets under management to over CAD$96 billion while bolstering its US presence in the global asset management space.  "With this acquisition, we are creating a full-fledged global asset manager in the US adding strong leadership and investment talent in order to further expand our presence in this dynamic and sophisticated
The Asian hedge fund industry resumed strong capital growth in Q4 to conclude 2014 at a record level of capital, as Asian equity markets posted sharp advances heading into the new year.  Total capital managed by the Asian hedge fund industry stood at USD119.75 billion (¥ 14.26 trillion; RMB 748 billion) at year-end, including an increase of USD2.3 billion for Q4 2014, according to the latest HFR Asian Hedge Fund Industry Report, released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. For the full year, the Asian hedge fund
The tax contribution of the UK hedge fund industry has never been greater than it is today, according to new research from AIMA, the global hedge fund industry body. The hedge fund sector in the UK last year produced profits and income that have generated an estimated GBP4 billion in tax receipts to HM Revenue and Customs, up from about GBP1.7 billion in 2009, according to AIMA. The increase was due to the growth of the industry in the UK and recent changes to the tax system. AIMA added that it expects the tax take to further increase in 2015
Investec Investment Bank & Securities (IIBS) has appointed Paul Locke and Darren Vickers, to its C closed-end fund team. Locke is a Senior Investment Funds Analyst with over 18 years’ experience across a wide range of products within the closed-end fund and investment trust market. Initially a country risk analyst with Dun & Bradstreet, Paul started his City career with Panmure Gordon before spending extended periods at both HSBC and Canaccord Genuity.   Vickers joins Investec from Westhouse Securities. He has completed a significant number of transactions, including IPOs and secondary fundraisings, at both Westhouse and previously Charles Stanley Securities.
The Lyxor Hedge Fund Index was up +1.4% in January. 7 out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor CTA Long Term Index (+5.6%), the Lyxor Fixed Income Arbitrage Index (+4.4%), the Lyxor Global Macro Index (+2.7%), the Lyxor L/S Equity Variable Bias Index (+2.2%). Market activity was limited ahead of the ECB meeting, the key catalyst in January, and positioning remained under stressed. ECB didn’t disappoint. It announced a large open-ended QE program, amounting to EUR60 billion per month. It was warmly welcome by the Street, with cautious odds of success being priced
Investment bank Greenhill & Co is to acquire Cogent Partners, a financial advisor to pension funds, endowments and other institutional investors on the secondary market for alternative assets.   Cogent advises such institutions on sales of interests in private equity and similar funds, as well as providing restructuring, financing, valuation and related advisory services. Cogent has advised on transactions involving thousands of limited partnership interests since its founding in 2002, and had revenues of approximately $45.8 million (unaudited) in 2014. The acquisition advances Greenhill's ambition to create the leading independent global financial advisory firm, with capabilities to advise clients on
Tim Thornton, Chief Data Officer, Mitsubishi UFJ Fund Services, says fund managers could face regulatory sanctions over EMIR… The reporting of over-the-counter derivatives and exchange traded derivatives as mandated under EMIR has been in place for a year. While a number of managers have overcome some of the initial teething problems they had with reporting to trade repositories, challenges do remain. Errors and mistakes during the reporting process are still common. Regulators have indicated they intend to clamp down on firms submitting inaccurate data, but fund managers have onerous reporting obligations, which require processing significant quantities of data. The requirement

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