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The funds industry in Malta has best positioned itself to attract business from fund managers falling out of the scope of the EU Alternative Investment Fund Managers Directive (AIFMD), managing portfolios within the small-to-medium sized space. This is the area of the industry expected to attract the majority of future investments. Managers looking to take advantage of opportunities arising during the global pandemic, also benefited from the quick time to market the jurisdiction offers through certain fund typologies unique to the Maltese domicile.
“The Professional Investor Fund (PIF), which is the structure Malta offers these smaller managers, is attractive for
High set up costs could stymie the fortunes of emerging and start up managers before they even make their first step. Malta offers such organisations the opportunity to set up their business in a low-cost jurisdiction while taking advantage of the high touch service they would benefit from due to the size of the industry.
“Malta is well placed to attract small and medium sized business. The island is attractive to these funds where high cost would really impact their total expense ratios and make medium to long-term viability impossible. I don’t see any reasonable manager or fund with just
Q&A with Ivan Grech, Chief Operations Officer, FinanceMalta
What are the key trends currently driving growth and development within Malta’s funds industry?
Malta has always been attractive in the alternative space for the small-medium sized managers, thanks to the introduction of the Professional Investor Fund Regime, alongside various advantages including cost efficiencies, a pro-business regulator, time-to-market consideration, etc; factors which together create the right environment and render the Maltese jurisdiction an interesting and compelling one, particularly for alternative managers.
Furthermore, with what seems to be an increasing investor preference to opt for onshore regulated structures, we are receiving a number of
US Bank has opened an office in Luxembourg office, provides fund accounting and administration, domiciliation, depositary and custody-related services for Luxembourg-domiciled funds.Read the full story at Private Equity Wire…
CloudMargin, creator of a collateral and margin management solution native to the cloud, has appointed Mario Platt as Vice President, Head of Information Security. Read the full story at Institutional Asset Manager…
Blockpass has unveiled Base Protocol, a synthetic crypto asset that derives its price from the total market cap of all cryptocurrencies, as its latest partner. Blockpass will be providing eKYC services to Base Protocol, which is currently preparing to launch its private BASE token pre-sale.
Described at the ‘S&P 500 for crypto’, Base Protocol acts as a one-stop trading instrument which allows holders to speculate on all cryptocurrencies simultaneously, rather than just one or a select portfolio of multiple. It allows traders to agnostically invest in the entire crypto ecosystem. Although this is its primary function, BASE tokens can also be
The European Energy Exchange (EEX) has carried out the 2,000th primary market auction for emission allowances.The auction was conducted in the framework of the common EU auction platform (CAP2) on behalf of 25 EU Member States and the EEA EFTA states. It covered a volume of 3,951,500 EU emission allowances (EUA) including a volume of 877,000 EUA for the Innovation Fund. The auction was cleared at a price of 26.67 Euro/EUA with a total of 26 bidders taking part in the auction.
Peter Reitz, CEO of EEX, says: “EEX has provided services for the auctioning of emission allowances on the
Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company’s Quantitative Prime Services division has partnered with HPR to provide an ‘elite next-generation’ trading platform for clients.Through its collaborative partnership with HPR, Wells Fargo will provide custom trading solutions to its clients that are engineered on HPR products. In addition to launching its HPR engineered trading platform, Wells Fargo plans to offer clients access to additional HPR products, more details of which will be shared at a later date.
“HPR’s scale service architecture provides the flexibility to access solutions across the latency spectrum,” says Anthony D Amicangioli,
The hedge fund industry is dominated by men, with women and minorities controlling only a small fraction of US-based assets.Some financial observers say fixing this gender imbalance is long overdue. They bolster their argument with data showing hedge funds run by women have performed well in recent years, including during the pandemic, when they out-performed those managed by men.
“Embracing a culture of inclusion and diversity in an organisation is not just the right thing to do,” says Allison Nolan (www.athena.ky), founder and managing director of Athena International Management Limited and author of the upcoming book, Madam Chair, about
SS&C Technologies Holdings has signed on more than 150 clients to Eze Eclipse, SS&C Eze’s cloud-based front-to-back office investment management platform.
