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Maples and Calder and MaplesFS which together comprise Maples Fiduciary and Maples Fund Services, have consolidated their offerings under a single brand, now called the Maples Group.
This composite of collective services includes an international law firm, advising on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg and global fund administration and fiduciary services.
The rebranding initiative, which includes a new corporate logo and website, highlights the strength of the Maples Group as a comprehensive solution for legal, fiduciary, fund, entity formation and management services, as well as regulatory and compliance services.
Many Alternative UCITS funds did not have a happy 2018, with only one in six funds able to post positive results for the year, and assets under management in the total space declined with slightly less than 8 per cent.
That’s according to the LuxHedge Alternative UCITS 2018 Market Overview which reveals that the LuxHedge Global Alternative UCITS Index posted a loss of -4.45 per cent in 2018, the worst annual result since the start of the LuxHedge indices in 2006. Every strategy group index lost and dispersion between funds was even larger than usual with the top performers delivering
Europe’s fund industry, including ETFs, registered net inflows of EUR152 billion to long-term funds in 2018, a far cry from the record-breaking levels – EUR774 billion – seen in 2017, according to data released by Morningstar.
Morningstar says that the growth of index funds in Europe has outpaced that of actively managed funds for years, and this trend continued to play out in 2018. The biggest divergence came to a head in the bond space, where actively managed bond funds suffered outflows of EUR32.5 billion, while passively managed bond funds enjoyed inflows of EUR30.4 billion for the full year.
Secondary trading of tZERO security tokens is now live. Accredited investors can now trade the tokens with other accredited investors through a digital securities brokerage account at Dinosaur Financial Group, which will act as the introducing broker-dealer.
Dinosaur has partnered with PRO Securities, a tZERO subsidiary, which offers an alternative trading system to provide market access for secondary trading of the tZERO security tokens, during market hours initially.
tZERO, which provided the technology behind trading of the world’s first public digital asset, OSTKP, in 2016, raised USD134 million from over 1,000 global investors during its highly publicised security token
VendEx Solutions, a San Francisco-based SaaS company with offices in London, New York, and Charleston, SC, has spun off from International Solutions Network, Consulting Company (ISN) with the aim of ‘redefining the tools for market data and vendor managers in the financial services sector’.
VendEx Solutions was created by ISN in the wake of ISN’s 2017 launch of a new consulting vertical called VendorScape, a top down-bottom up approach to vendor rationalisation. In the course of its engagement with large institutional clients, ISN identified the need to deploy technology to manage the large scale tasks managed by data and vendor
NewAlpha Asset Management (NewAlpha), a Paris-based global fund incubation and acceleration specialist, has made a strategic investment with discretionary global macro manager Montrock48 Capital (Montrock48).
Launched in July 2016, New York based Montrock48 is an alternative asset manager that invests in discretionary global macro themes using a sophisticated approach that combines deep fundamental economic analysis and sophisticated derivative-based trade structuring.
The firm was founded by Richard Herman and Louis Jaffe, who worked together at Deutsche Bank and Bankers Trust for a combined 48 years, eventually leading the global fixed income franchise. Each have invested a meaningful portion of their
The Hedge Fund Association (HFA), an international non-profit trade and non-partisan lobbying organisation, has appointed a new Treasurer, Deloris Dunk-Vickers, and four new Regional Directors to lead the organisation’s Boston, Hong Kong, Canada and New York Chapters.
The new regional directors are: William Herrmann, HFA New York; Scott Campbell, HFA Canada; Alice Lyu, HFA Hong Kong; and Sean McKeown, HFA Boston.
“What makes HFA unique among global trade organisations in our industry is our leadership structure. All of our elected and appointed leaders are volunteers. The new leaders we have announced today are accomplished individuals who have committed to
Forty-two per cent of hedge fund managers were able to raise new capital in 2018, but those who saw redemptions and/or lost money were in the majority, and declared 2018 to be one of the most challenging years for the industry in a decade.
That’s according to December and Year-End 2018 eVestment Hedge Fund Asset Flow Report, which reveals that investors removed USD19.64 billion from the industry in December, bringing total 2018 investor redemptions to USD35.3 billion, the second highest investor redemptions since 2009, according to the new eVestment data. Performance-related asset declines of USD52.4 billion during the year, coupled
Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) specialist Calculus Capital has invested GBP2.5 million in fintech company Essentia Analytics, a provider of behavioural data analytics and consulting for professional investors.
The investment by Calculus will be used to further develop Essentia’s services as it scales its client base of investment management institutions around the world.
The firm’s Essentia Insight service – which is used by clients including active fund managers, chief investment officers, asset allocators and wealth managers – provides a continuous data-driven feedback loop, similar to those used by athletes.
To date, Essentia has helped
BroadRiver Asset Management, an investment manager of life settlements and other non-capital-markets assets, has appointed Tony Acquadro has Senior Director of Global Business Development.
Acquadro will leverage the firm’s expertise in accessing and structuring non-correlated cash flows from life-contingent assets and longevity risk to launch BroadRiver’s newest offerings in non-capital markets asset classes.
Acquadro has extensive experience in marketing, operations and trading across a variety of asset classes, including algorithmic equity trading, mutual funds, fixed income securities and life-contingent assets. Throughout his career, he has held business development and sales positions with asset managers serving institutional investors and high-net-worth
