Managers
The Monetary Authority of Singapore (MAS) has been proactive and transparent with licensing requirements, compared to other jurisdictions. The Digital Acceleration Grant (DAG) programme incentivises firms to modernise operations, equipping smaller managers with the necessary technology and helping new funds get off the ground. This programme, coupled with geopolitical influences, contributes to Singapore accelerating as a safe-haven for money and financial institutions.
TFG Asset Management, the alternative investment management unit of Tetragon led by Reade Griffith, is taking a minority stake in Contingency Capital, a new litigation finance-focused fund manager founded by ex-Fortress Investment Group partner and managing director Brandon Baer.
Contingency Capital, a multi-product global asset manager which will sponsor and manage litigation finance-focused investment strategies, will formally launch on 1 November.
As part of the deal, Tetragon will place an initial USD50 million commitment with Contingency’s first commingled investment fund, as well working capital and an option to invest further amounts. TFG Asset Management will also offer operational support, including
Zurich-based Vestun, a start-up boutique manager focused on AI-based investment programmes, has opened its market agnostic systematic US equity hedge fund programme to new outside investors.
The flagship strategy, which is managed on the firm’s Hawkrel AI platform and trades liquid US stocks, is designed to autonomously adapt its portfolio and risk exposure according to prevailing market conditions. It eschews traditional systematic hedge fund approaches which employ signals derived from statistical rules and historical events, instead building a less rigid investment process around uncorrelated, domain-specific intelligence gleaned from certain datasets.
Chayan Asli, Vestun’s founder and CEO, believes that relying on
The Alternative Investment Management Association (AIMA), the hedge fund industry trade body, has paired up with ITN Productions to produce a news-style programme which aims to push the case for hedge funds’ role in the economic recovery following the coronavirus crisis.
Due to launch in summer 2021, ‘Holding Strong: Alternative Investments in a Volatile Market’ will explore the role played by alternative assets and hedge fund managers in the global economy and their value to investors and markets, and how they offer allocators a differentiated risk/return profile and provide alternative funding avenues for borrowers.
The programme will also examine how
With the profound impacts of Covid-19 continuing to reverberate around the world, it is notable how robust the funds industry has been during the last six months. In Ireland, like elsewhere, significant redemptions were registered in March as investors sought to reduce risk and increase liquidity.
By A Paris – The Irish funds industry has demonstrated its resilience as it continues to navigate the Covid-19 pandemic with its head held high. Despite the global market turbulence, Ireland continued to benefit from the Brexit fallout as large global managers chose to open operations in the jurisdiction and Ireland’s commitment to ESG growth is sustained.
By Shane Coveney, Dillon Eustace – As European exchange traded products gather a greater share of asset flows and surpass USD1 trillion in assets under management, the industry’s appetite for new and innovative products continues to develop at a greater pace than ever. Historically, fragmentation in the European market has been a significant obstacle, leading to slow growth in the exchange traded fund (ETF) market in Europe.
By Derbhil O’Riordan, Dillon Eustace – Consistently heralded by industry as a flexible and efficient place to do business, Ireland is Europe’s leading onshore jurisdiction for the establishment of private equity structures.
By Kieran Fox, Irish Funds – We are all well aware of the human and public health cost which Covid-19 has had since March of this year when its impact reverberated around the globe. Although general consensus is that we still have some way to go until there is a vaccine or other resolution to the pandemic, central banks and regulators are now beginning to look into the effect the crisis had on capital markets during the early days of its impact and seeking to learn lessons from this.
The Irish funds industry may have some catching up to do in the private funds space, but as the government gears up to introduce a refreshed Investment Limited Partnerships Act, the jurisdiction is expected to see an influx of managers from the UK, the US and further afield choosing to set up their private funds in Ireland.
