Funds
Dr Louis de Gabriele, head of Camilleri Preziosi Advocates’s Corporate and Finance practice group, outlines the benefits of Malta’s Notified AIF (NAIF) regime…
"In my view, the main benefits are twofold," says Dr Louis de Gabriele, head of the Corporate and Finance practice group at Camilleri Preziosi Advocates, when discussing the newly introduced Notified AIF (NAIF) regime.
"Firstly, the NAIF regime will significantly condense time to market for these types of funds. Indeed, the MFSA has committed itself to list funds on the `Notified AIF List' within ten business days from the submission of a complete notification pack, which will
Apex Fund Services has been operating in Malta since 2008 and has seen, first hand, how quickly the island has evolved into one of Europe's leading onshore fund jurisdictions.
Following the chaos of the financial crash, start-up managers chose Malta because it represented a cost effective option. This worked to Apex's advantage but as Paulianne Nwoko, Managing Director of Apex Fund Services (Malta), points out: "Over the years, Malta has evolved into an established financial jurisdiction with a deep pool of professionals spanning all aspects of the funds industry; law firms, audit firms, fund administrators, and, to a lesser extent,
The shock Brexit result this June sent ripples across Europe as individual Member States absorbed the news. And whilst some jurisdictions have been quick to seize the initiative on the back of the uncertainty that UK firms face – especially as it relates to passporting for London's much lauded financial services industry – Malta is focusing on maintaining the harmonious relationship it has with the UK.
"We see ourselves partnering with UK operators to provide solutions to help them sustain their business models; we're not looking to try and take business away from the UK," comments Kenneth Farrugia (pictured), Chairman
Timberland Investment Resources Europe (TIR) has held a first close of its TIR Europe Forestry Fund with an initial USD74 million of committed capital.
A diverse, mostly European group of limited partners made initial commitments to the fund, including public and private pension plans, insurance companies and family offices.
TIR has a value oriented approach and will be targeting 8-10 per cent returns with 3 per cent annual distributions.
GianPaolo Potsios (pictured), managing partner, says: “We are excited to be able to offer European institutional investors access to an asset class that is well established amongst US investors
Calastone, the global funds transaction network, has reached a milestone in its global expansion, with its network now providing over 10,000 trading links worldwide.
The Calastone Transaction Network brings automation to the global funds industry, which has historically relied on manual methods of transaction processing.
This is achieved by enabling fully automated trading between participant fund managers and distributors, regardless of technology and geography, making all clients fully interoperable.
As the network develops it provides more firms with ease of entry and efficient distribution into new markets through its common connectivity and infrastructure.
Calastone, in collaboration with
Neuberger Berman has launched the Neuberger Berman US Equity Index PutWrite Strategy Fund, which seeks to provide individual investors with exposure to equity market returns with less volatility.
The fund's investment approach seeks to generate attractive risk-adjusted returns through harvesting premiums from selling puts on US equity indexes combined with income potential from a conservatively managed collateral portfolio.
Doug Kramer, co-head of quantitative and multi-asset class investments at Neuberger Berman, says: "As equity markets push toward all-time highs, we are pleased to offer investors a defensively positioned lower volatility strategy that also seeks to maintain equity upside potential in mutual
Virtus BR Partners, an independent Brazilian financial advisory firm, has formed a relationship with Oaktree Capital Management to pursue investment opportunities in Brazil and throughout Latin America.
Oaktree, formed in 1995 and headquartered in Los Angeles, is an alternative investment management firm with expertise in credit strategies and over USD98 billion in AUM.
Eleazar de Carvalho Filho, founding partner and CEO of Virtus, and Julio Herrera, managing director and portfolio manager of Oaktree’s Emerging Markets Opportunities and Emerging Markets Debt Total Return strategies, will oversee the relationship.
During his 30-year career, Carvalho Filho has served as CEO of
Hedge funds gained 0.65 per cent in August according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year to date, the Index is up 3.37 per cent.
“An August calm set the stage for a profitable month with 70 percent of hedge funds reporting gains on the month,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Fifteen of Barclay’s 17 hedge fund indices gained ground in August. Distressed Securities were up 2.31 per cent, Emerging Markets gained 1.40 per cent, the Event Driven Index was up 1.33 per cent, the Technology Index added 1.18 per cent, and Convertible
The September 2016 Eurekahedge Report finds that, over August, hedge funds witnessed their fourth consecutive month of outflows with investor redemptions totalling USD23.8 billion during this period.
However, total hedge fund assets have grown by USD17.6 billion over the past eight months with the industry's total assets currently standing at USD2.26 trillion, the firm says. Eurekahedge writes that the USD800 billion long/short equity hedge fund space has seen investor redemptions of USD19.5 billion over four consecutive months ending August. The Eurekahedge Long/Short Equity Hedge Fund Index is up 1.50 per cent for the year.
The USD1.5 trillion North American hedge
California-based financial services communications consultancy KCD PR has acquired Wall & Broadway, a boutique consultancy specialising in technology clients with an emphasis in the fintech sector.
As part of this transaction, Wall & Broadway founder Philippa Ushio has joined KCD PR as a managing director.
“Our acquisition of Wall & Broadway with Philippa Ushio at the helm brings not only complementary financial services experience, but also deep Silicon Valley credentials across technology and fintech. These are areas in which we have actively begun expanding, and we are thrilled Philippa will be joining our firm as a Managing Director to
