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The number of Jersey Private Funds (JPF) had increased 25 per cent in six months. Figures from the Jersey Financial Services Commission (JFSC) showed that the number of JPFs, a structure introduced in 2017 to cater specifically for the needs of small groups of sophisticated investors, had reached 257 by 30 June 2019, up from 205 at the end of 2018, with assets under management of GBP43 billion.
Joe Moynihan, CEO of Jersey Finance, says: “As investors look for stable IFCs that offer specialist expertise, Jersey can be a voice of reason among the noise, ready to support investor ambitions.”
Nick Eatock is to return as Intelliflo’s Chief Executive Officer (CEO) following the departure of Hamish Purdey, who is leaving the firm to pursue new challenges.
Purdey joined Intelliflo in November 2014, at which time Eatock took on the role of Executive Chairman.
Eatock says: “Hamish has done a fantastic job over the last five years with Intelliflo, a period in which we have grown the business to 35% market share, with almost 23,000 users. I’d like to thank Hamish for his enormous contribution and wish him well in his future endeavours.”
Purdey says: “I have thoroughly enjoyed
The Eurekahedge Hedge Fund Index was up 0.17 per cent in August, bringing its year-to-date return to 6.58 per cent. Roughly 32.6 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the first eight months of the year.
The global hedge fund industry AUM has declined by USD9.4 billion as of August 2019 year-to-date. Final Q2 2019 net outflows figure stood at USD40.0 billion, as investor redemptions continued to slow down. Hedge fund managers recorded USD46.4 billion and USD94.7 billion of net outflows in Q1 2019 and Q4 2018, respectively.
The Eurekahedge North
By Joe McGrath – While litigation funders have been celebrating growth and success in Western markets, they are also keen to seize opportunities further afield with Asian jurisdictions increasingly finding favour…
For investors keeping close watch of industry developments over the summer, it was impossible to escape the headlines resulting from the ongoing feud between litigation funder Burford Capital and shorting shop Muddy Waters.
A report, released by the latter, set tongues wagging after Muddy Waters said it had developed concerns about the accounting and governance approaches at Burford. The release of the report triggered several industry commentators to speculate about accuracy
Northern Trust has launched a range of new client dashboards for Omnium, its middle- and back-office technology platform for alternative fund administration.
Designed to provide clients with greater transparency into workflows and metrics critical to efficient fund management, the web-based dashboards exemplify Northern Trust’s commitment to solutions that support alternative investment managers.
Omnium client dashboards feature a streamlined interface to enhance the user experience and are optimised for mobile devices to provide key decision makers with real-time, on-demand access to their portfolio information wherever they might be. Additional features include interactive data visualisation capabilities, readily accessible static reports and
ACA Compliance Group (ACA) has appointed Carlo di Florio as Global Chief Services Officer (CSO).
Di Fiori will be instrumental in defining and executing the vision for ACA’s governance, risk, and compliance (GRC) service offerings. His responsibilities will include oversight, management, and strategic growth of ACA’s global regulatory compliance, cybersecurity and risk, AML and financial crimes, and performance practices. He also will focus on enhancing ACA’s infrastructure and technology for servicing, managing, and delivering its quality service-based offerings.
Di Fiori joins ACA from FINRA where he served as Chief Risk & Strategy Officer and as Co-Chair of the FINRA360
QuantHouse, a provider of end-to-end systematic trading solutions including market data services, algo trading platform and infrastructure products and part of Iress (IRE.ASX), today announced that they are partnering with SpiderRock Gateway Technologies.
SpiderRock Gateway Technologies has added its proprietary data & analytics service including implied volatility and option prints to the 150-plus data sources available through QuantHouse’s API.
SpiderRock Gateway Technologies provides option analytics as a service delivered in a normalised binary format. As part of this offering, SpiderRock delivers implied volatility, greeks, risk slides, and volatility surfaces across US-listed equity and futures derivatives in a real-time feed that
Managers of Cayman funds are being encouraged to act now to ensure they fully comply with the new obligations of the Cayman Islands Data Protection Law, 2017 scheduled to come into effect on 30 September 2019.
The new law will enact a framework of rights and duties to regulate the processing of individuals’ personal data broadly based on the same internationally recognised privacy principles that form the basis for other data protection laws globally.
Ogier partner James Heinicke says that the law will regulate the processing of all personal data in the Cayman Islands and will affect any entity
Unigestion, an independent specialist global asset manager headquartered in Geneva, has opened an office in Copenhagen to better serve investors across the Nordics.
The opening of the Copenhagen office provides Unigestion with a dedicated distribution capability in the Nordics, as it embarks on its growth strategy. The office will allow Unigestion to increase its investor base in the region and work closer with investors looking for unique investment strategies, including bespoke ESG solutions for those with more specific requirements.
The Copenhagen based distribution function will serve institutional investors and intermediaries in Denmark, Norway, Sweden, Finland, Iceland and the Netherlands.
A money market fund managed by asset manager Insight Investment has completed its first repo trade cleared via a central counterparty, providing investors in the fund with access to a fresh pool of liquidity and marking a further milestone in the structural development of the liquidity market.
Back in 2017, Insight, on behalf of its clients, became the first asset manager to clear on LCH’s RepoClear service, acting on behalf of a UK pension fund client.
This latest trade, placed by the GBP£24 billion Insight GBP Liquidity Fund, was cleared by the RepoClear ‘Sponsored Clearing’ service operated by global
