Funds
MV Index Solutions (MVIS) in partnership with CryptoCompare, a specialist in digital asset data, has launched the MVIS CryptoCompare Institutional Bitcoin Index (MVIBTC), which is designed to measure the performance of a digital assets portfolio which invests in Bitcoin, priced on select exchanges.
The MVIS CryptoCompare Institutional Bitcoin Index aims to provide a robust and transparent benchmark for Bitcoin, which will be used by Canadian investment fund manager, 3iQ Corp, for the purpose of NAV calculation of The Bitcoin Fund.
“We are pleased to launch this index with our partner CryptoCompare,” says Thomas Kettner, Managing Director at MVIS. “The index
Independent fund administrator Opus Fund Services has acquired the fund administration unit of Advanced Fund Administration (AFA), which has offices in the Cayman Islands and New Jersey.
Robin Bedford (pictured), CEO of Opus Fund Services, says: “This is the result of many months of hard work by both parties. We are excited to have the opportunity to work with the AFA client base as they become part of the award-winning Opus proprietary platform.”
Prior to today’s announcement, Advanced Fund Administration provided multiple lines of business to its hedge fund clients consisting of legal, advisory and compliance services. Peter Young,
By Beatrice Bedeschi – The Initial Public Offering (IPO) of Saudi Arabia’s state oil company Saudi Aramco has seen a refocus on domestic investors after what was expected to be the largest IPO on history saw a reduction in valuation amid challenging market conditions.
On 17 November, Saudi Aramco said it was looking to sell 1.5 per cent of the company’s stock, or about three billion shares, on the country’s Tadawul exchange at an indicative price of 30-32 riyals, putting it at a maximum valuation of USD1.7 trillion, and below the value of USD2 trillion previously set by Riyadh, according to media
Emerging Markets hedge funds extended industry-leading performance through October, with not only Chinese- but also Russia-focused hedge funds driving performance gains, as reported in the HFR Asian Hedge Fund Industry Report and the HFR Emerging Markets Hedge Fund Industry Report from HFR.
Continuing many of the themes which have driven performance gains throughout 2019, Emerging Markets hedge funds continued to position for and trade through trade tariff tensions, the falling Chinese Renminbi, growing protests in Hong Kong, and interest rate cuts by the US Federal Reserve.
EM hedge fund performance was led by the HFRI EM: China Index, which narrowly
The SS&C GlobeOp Forward Redemption Indicator for November 2019 measured 4.81 per cent, up from 3.76 per cent in October.
“SS&C GlobeOp’s Forward Redemption Indicator was 4.81 per cent for November 2019, an increase compared to the 3.96 per cent reported for the same period a year ago,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “November typically experiences above-average redemption notices, and this month’s result is in line with long-term averages.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform,
Irish Funds has announced total net assets stand at a record EUR2.925 trillion, according to latest data to end September from the Central Bank of Ireland (CBI).
Irish Funds says continuing strong flows highlight the ongoing importance of access to EU domiciled funds for UK and global investors. With assets in both UCITS and AIFs up 20 per cent to EUR2.19 trillion and EUR735 billion respectively, there is broad use of regulated funds by both institutional and retail investors.
Net sales into Irish Funds also more than doubled over the first nine months of 2019 to EUR202 billion, up
The hedge fund industry’s redemption trend continued in September as a fourth straight month of net outflows saw monthly redemptions increasing to USD14.7 billion.
September’s redemptions represented 0.5 per cent of hedge fund industry assets and were up from August’s USD11.3 billion in net outflows, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
Coupled with a USD9.1 billion trading profit in September, hedge fund industry assets stood at more than USD3.05 trillion at the end of the month.
September’s redemptions reflected investors’ response to a summer of equity and bond market volatility and
Broadridge Financial Solutions has acquired ClearStructure Financial Technology, a global provider of portfolio management solutions for the private debt markets.
Broadridge’s SaaS technology currently powers more than 550 hedge funds, traditional asset managers and fund administrators with a complete front-to-back, multi-asset class solution that simplifies and improves firm trading and operations. As private markets continue to grow and present opportunities for asset managers to find alpha and differentiate themselves, the addition of ClearStructure’s private debt capabilities will create a differentiated solution in the market and enable Broadridge to serve new clients.
“ClearStructure’s component services enhance our existing multi-asset class,
CFA UK’s Certificate in ESG Investing, the first qualification of its kind in the UK, will be available to investment professionals from December.
The Certificate has been introduced to meet the increased demand for ESG knowledge and skills in the investment sector and is already seeing high uptake.
In the UK, over 500 candidates are already signed up to complete the course; they will be able to take the exam from 2 December 2019.
The launch follows a pilot programme conducted in September 2019, which was designed to ensure that the training materials developed for the qualification were
Lyxor Asset Management has completed the integration of Commerzbank’s asset management activities and of its total EUR16 billion in assets under management, following the purchase of Commerzbank’s Equity Markets & Commodities business by its parent company Societe Generale Group in November 2018.
As part of this integration, Lyxor has opened its first asset management branch both in Germany and outside of France, which is called Lyxor International Asset Management SAS Deutschland (Lyxor Deutschland) and is based in Frankfurt am Main. The branch will be jointly managed by Guillaume de Martel and Thomas Timmermann who are appointed co-heads of Lyxor Deutschland.
