Latest News
Three surveys published at the ALFI PE & RE Conference 2019 in Luxembourg on 26 and 27 November reveal continued solid growth in alternative investment funds in the Grand Duchy.
The ALFI/Deloitte Private Equity and Venture Capital Investment Fund Survey 2019 found that the size of the average private equity fund domiciled in Luxembourg has increased by 50 per cent since 2018, with the number of PE funds holding assets worth more than EUR1 billion doubling over the same 12-month period. Luxembourg now accounts for 4.3 per cent of the global private equity fund industry. The survey also shows unregulated
CryptoCompare, a specialist in digital asset data, has launched a suite of digital asset data products in the BT Radianz Cloud. The comprehensive real-time and historical dataset will provide institutional clients with a granular, reliable view of the digital asset class.
The addition of CryptoCompare’s full dataset will enable BT Radianz clients globally to gain access to a comprehensive market data offering including reference rates, trade and order book data across more than 150,000 cryptocurrency trading pairs. CryptoCompare collects, cleans and aggregates the data from over 180 cryptocurrency exchanges to provide a consistent, high-quality feed via WebSocket and REST API.
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, has partnered with Columba Systems, an independent provider of international future financial events data to both sell-side and buy-side institutions.
With this partnership, clients will be able to access three different types of data – the dates and release times of Company Results, Company Meetings and the dates of upcoming Trade Shows and Investor Conferences, from company events worldwide.
“EDI is pleased to work with Columba Systems in order to provide their data offerings to its clients”, says Jonathan Bloch (pictured), CEO of Exchange
A common perception amongst academics and investors is that factor premiums, like Momentum, Value and Low-risk, exists in equity markets and should be best harvested via both long and short positions. But a team of three quant researchers and portfolio managers at Robeco have critically assessed the added value of shorts positions to harvest equity factors, and contrary to general market consensus, have found that there are none.
David Blitz, Pim van Vliet and Guido Baltussen made a breakdown of common equity factor strategies into their long and short legs, and found that (i) most added value tends to come
Independent fund and corporate services provider, the Aztec Group, has appointed Virginia Rothwell as its first Chief People Officer.
Rothwell will drive the Group’s people agenda, while leading multi-jurisdictional HR, employee engagement and training teams. The appointment is effective immediately.
Rothwell joins the Aztec Group from real estate firm JLL where she held the position of UK HR Director since 2014. In this role, she sat on the JLL UK Board and led the firm’s people strategy.
Rothwell has enjoyed an international career in sectors such as technology, professional services and retail banking, where she has developed people agendas for
Nasdaq’s Quandl, an alternative data provider, has launched the E-Commerce Intelligence (ECI) dataset, which allows investors to track product-level e-commerce transactions on a near real-time basis.
The exclusive dataset follows the day-to-day transactions of 800 brands and 500 companies across more than 350 e-retailers in North America and EMEA, capturing USD15 billion worth of product sales annually.
ECI data is available daily with a seven-day lag, offering a distinct speed advantage over consumer sales datasets currently available on the market. Investors can monitor early traction on new products, follow the entire lifecycle of a product, monitor same-store sales and measure
Vistra, a global corporate service, trust and fund administration provider, has made three senior appointments to its global compliance team – Stephen Costello as Regional Compliance Director, Americas & Caribbean, Salima Fajal as Regional Compliance Director, Europe, and Nico Van Bockstal as Regional Compliance Director, India, Middle East and Africa – effective immediately.
Reporting to Vistra’s Chief Compliance Officer Tanya Scott-Tomlin, they will be responsible for the strategic direction and implementation of Vistra’s internal compliance strategy in the respective regions. In addition, Nico Van Bockstal also heads Vistra Middle East’s Governance, Risk, Compliance and Finance consultancy team which supports Middle
ROW Asset Management, a quantitative global macro investment firm founded in 2010, has hired Andy Schneider as Managing Director, Global Head of Business Development, effective immediately.
Schneider brings more than 18 years of investment management business development experience with over 10 years working within the systematic trading space. He will report to ROW’s Newport Beach, CA and New York City offices.
Previously, Schneider was Director of Business Development, North America for ISAM, a London-based systematic investment manager. Between 2009 and 2016, he worked at Campbell & Co, focusing on domestic institutional sales and consultant relations and from 2002 through 2008
By Michael Killourhy, Ogier – 2017 and 2018 were record setting years for Special Purpose Acquistion Company (SPAC) offerings in the United States. Strong demand continued into 2019, with SPAC IPOs crossing the 100 mark by end Q2 2019. SPACs are publicly-traded investment vehicles that raise funds via an IPO to complete a targeted acquisition (a “business combination”) within a limited time frame (18-24 months).
The funds raised are placed in an interest bearing trust account and may only be used to fund a business combination. If the company fails to complete a business combination, the funds are returned to investors
Since the Approved Manager Regulations were implemented in the BVI in 2012, smaller managers seeking a more simplified approval process and lighter touch regulatory framework compared to the Securities and Investment Business Act (SIBA) have really benefited.
Under the approved manager regime, start-up managers can choose to avail of the BVI’s incubator fund and approved fund products, both of which are designed to help build their track records without necessarily having to launch a BVI professional fund on day one.
In that sense, the approved manager enables smaller managers to establish a structure on a cost-effective basis, says Walter Reich
