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By A Paris – Jersey is capitalising on its future position outside of the EU to attract US fund managers to its shores. This is despite the potential uncertainty driven by the looming end of the Brexit transition period and the global pandemic.
“As the largest law firm in Jersey with the busiest investment funds practice, we have experienced a sharp increase in US managers seeking access to European Union or European Economic Area capital through the use of Jersey vehicles.
“This trend is also evidenced by assets under management for funds incorporated in Jersey with US managers or promoters having increased
By Joe Moynihan, CEO, Jersey Finance – Rafts of global regulatory initiatives are continuing to challenge traditional fund structuring models and make the fund domiciliation picture far more complex, with investor buy-in becoming absolutely vital.
As a result, key issues including Brexit, BEPS, substance and transparency have shot up the agenda when it comes to domiciliation decisions while increased uncertainty, costs, and regulatory and reporting requirements are all becoming major factors for managers and investors. In particular, an investor’s familiarity with a fund domicile and compliance with international standards remains vital. If a jurisdiction is respected by investors, then this gives
In response to the risks posed by Brexit, FX specialist Monex Europe has opened a new office in Luxembourg, which will enable it to continue to provide foreign exchange and international payment services to customers based in Europe, without any disruptions after the transition period ends on 3 December 2020.Monex Europe is part of Monex SAB de CV (Monex Group) an investment grade, publicly listed financial services institution (MONEXB), and a specialist in commercial foreign exchange. The group services more than 70,200 clients worldwide, including listed companies, private companies and financial institutions from various sectors. Last year, Monex executed six
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 3.19 per cent in November, outperforming the 2.82 per cent monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
“The optimism around an impending vaccine rollout and the conclusion of the US Presidential Election propelled markets to all-time highs in November,” says Jason Schwarz, Chief Operating Officer of
Following three years of development by Wall Street veterans, Leverj launched the first high-speed decentralised derivatives exchange, which provides spot and futures trading of cryptocurrencies. DeFi Exchange Leverj.io and liquidity providers are now launching futures products (Perpetual Swaps) for bitcoin and ethereum against USDt on Leverj, bringing DeFi derivatives to market for the first time. Bitcoin and ethereum perpetual contracts against stablecoin DAI are already live.
Over the past 12 months, the DeFi ecosystem has grown exponentially, with the growth rate of trading volumes on decentralised exchanges (DEX) far outpacing centralized exchanges (CEX). In September 2020 trading volumes across DEXes
HF Funds Services has appointed Monette Windsor as a Director in its Cayman Islands office. HF Funds Services, a member of the Equiom group, provides high-calibre independent directors to alternative investment funds and investment management companies.Previously, Monette was the Managing Director of MUFG Alternative Fund Services (Cayman) Limited, (formerly UBS Fund Services (Cayman) Ltd) with overall responsibility for the Cayman Islands offices, overseeing USD100 billion assets under administration and 160 employees. In addition to its fund administration business, Monette managed the banking, trust, and corporate department that provided services to its fund of funds, single manager and private equity clients.
Avelacom, a high-performance global connectivity and IT infrastructure provider for the financial services industry, is adding the Brazilian Stock Exchange’s (B3) real-time market data to its service portfolio. Read the full story at Institutional Asset Manager…
Electra Information Systems (Electra), a provider of award-winning post-trade solutions for the buy-side investment management industry, has introduced a unified application programming interface (API) for its Electra Data aggregation service to help investment managers meet their evolving data aggregation and normalisation requirements. Read the full story at Institutional Asset Manager…
Torstone Technology, an SaaS platform for post-trade securities and derivatives processing, has continued to achieve significant growth throughout 2020, driven in part by volatile trading conditions leading to increased appetite among market participants for flexible and scalable automated post-trade solutions, as well as by accelerating industry adoption of cloud services. Read the full story at Institutional Asset Manager…
The FCA has fined Corrado Abbattista, formerly a portfolio manager, partner and Chief Investment Officer at Fenician Capital Management, GBP100,000 for market abuse and prohibited him from performing any functions in relation to regulated activity.Following an investigation, the FCA found that Abbattista, an experienced trader, engaged in market abuse by creating a false and misleading impression as to the supply and demand for equities between 20 January and 15 May 2017.
Mark Steward, Executive Director of Enforcement and Market Oversight, says: ‘Market manipulation is corrosive of market integrity, undermining clean, efficient and fair markets. The FCA has increased its capability
