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The European Securities and Markets Authority (ESMA) first statistical report on European Union (EU) Alternative Investment Funds (AIF) finds that the sector in 2017, as measured by Net Asset Value (NAV), amounted to EUR4.9 trillion, or nearly one third of the total EU fund industry.
The report is based on data from 26,378 AIFs, or 80 per cent of the market, and will be published annually.
Funds of Funds accounted for 16 per cent of the industry, followed by Real Estate (RE) Funds (11 per cent), Hedge Funds (5 per cent) and Private Equity Funds (4 per cent). The
XTX Markets has appointed Serge Harry as Chairman of the Board, and Geoffrey Damien as Managing Director, Head of France.
XTX has recently appointed Serge Harry as Chairman of the Board of XTX Markets SAS, it’s newly formed French entity. Serge has over 30 years of experience in financial markets in various senior executive positions at the London Stock Exchange Group, New York Stock Exchange, Euronext and Euroclear. He also currently holds directorships, as a Non-Executive Director of LCH SA, MTS France and Curve Global.
XTX has also appointed Geoffrey Damien as Managing Director, Head of France. Geoffrey joins
Transaction Network Services (TNS), a provider of data communications and interoperability solutions, has expanded its managed hosting and market data services to provide clients with low-latency connectivity to key financial markets.
These enhanced capabilities are made possible through the expansion of TNS’ managed hosting services into the Aurora, Ill.-based Chicago Mercantile Exchange (CME) data centre, as well as the NASDAQ data centre in Carteret, NJ and the New York Stock Exchange (NYSE) data centre in Mahwah, N.J. Today’s announcement is in addition to TNS managed services offered at the 350 E Cermak Rd. (CH4) data centre in Chicago and NY4
Aspect Capital (Aspect), a USD6.9 billion systematic investment manager, has launched a new Cayman-domiciled fund that will provide investors with access to the Aspect Systematic Global Macro Programme.
The Programme utilises a systematic relative value approach to global fixed income, stock indices, volatility and currency markets. It aims to generate absolute returns by managing a diversified portfolio to deliver low correlations to traditional and alternative asset classes, allocating its risk to over 25 individual models spread across 13 macro-economic themes.
The Cayman fund has been seeded with USD100 million of external capital and will provide investors with an alternative
JTC has been granted a depositary licence by Luxembourg’s Ministry of Finance and is now able to offer a full range of services to alternative investment funds (AIFs) domiciled in Luxembourg, including depositary of assets other than financial instruments.
With JTC having operated an Alternative Investment Fund Manager entity (AIFM) in Luxembourg since 2016, the new licence significantly strengthens its capabilities within the EU, enabling it to offer a holistic and comprehensive Alternative Investment Fund Managers Directive (AIFMD) compliant solution to private equity, real estate and other alternative managers.
The new licence also complements JTC’s non-EU solution, with the
Europe’s sub-advised fund assets declined 7.6 per cent in Q4 2018, and 4 per cent for all of 2018, but the structural growth drivers remain intact and have added EUR7.6 billion net assets from new market entrants, according to new date from instiHub.
The final quarter of 2018 saw assets of sub-advised funds sold in EMEA drop by EUR48 billion to EUR581 billion as capital markets across the globe repriced. This is the first time during 2018 that total assets of 1,700 funds for which 152 sponsors across 15 European markets delegate investment services to 550 third party managers dropped
Gresham Technologies plc, a software and services company that specialises in real-time data integrity and control solutions, has partnered with RegTek.Solutions, a specialist in global regulatory reporting solutions.
The Reconcile.Trade platform enables firms to meet the regulators’ requirement to ‘regularly reconcile front-office trading records against data samples provided to them by competent authorities’ (via ARMs or Trade Repositories). Now enhanced to use Clareti’s matching engine and rich exception management workflow, Reconcile.Trade on Clareti provides operations and compliance teams with transparency and proactive control over the accuracy of their reported data.
The first client, a global financial services provider, is
Tron Foundation and Tron (TRX) have been listed on the Malta-based digital asset exchange OKEx’s C2C trading market, where users can trade fiat to cryptocurrency.
The OKEx C2C trading platform aims to provide a convenient and decentralised platform for the public to get into digital asset trading. By offering a low-volatility market and zero transaction fee, the C2C platform allows users to place orders with self-selected exchange rate and payment methods to buy or sell digital assets from each other with fiat currencies. Currently there are five fiat currencies supported on the platform – British Pound (GBP), Chinese Renminbi (CNY),
JP Morgan Asset Management has added a new publication to its Market Insights Program; the 2019 Guide to Alternatives. Much like its sister publication, the Guide to the Markets, the Guide to Alternatives is designed to provide an objective analysis of the key themes impacting alternative asset classes.
The book delivers insight on macro topics such as fundraising and manager dispersion, while also diving into real estate, infrastructure & transport, private credit, private equity and hedge funds in detail.
“With expected returns from traditional asset classes under pressure, investors have been forced to look elsewhere in an effort to
Electronic US Treasuries (UST) trading venue, LiquidityEdge, experienced record trading volumes during February 2019.
On February 28, participants traded over USD 31 billion (single count) across both on-the-runs and off-the-runs. It also experienced a record week last month, with USD 101 billion traded between 21-28 February.
The surge in activity was due to the treasury auctions, calendar rolls and the record number of unique participants benefiting from the directed, disclosed model championed by LiquidityEdge. The flexibility in its structure allows clients to choose between one-to-one or many-to-many models, facilitating a combination of anonymous and/or disclosed streaming executable prices creating a bespoke
