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CreativeCap Advisors has selected five companies to join its inaugural Fall 2018 Class for the Global Emerging Manager Incubator.
“We are thrilled to welcome and unveil our inaugural Fall 2018 Class. Each company we are welcoming offers something special and unique to the mix and many have even gained recognition in their own right,” says Tyra S Jeffries (pictured), Founder and CEO of CreativeCap Advisors.
“Our global incubator is focused on aiding high-potential start-up funds to gain access to the right tools and resources to grow, scale and further develop their businesses. We are pleased to highlight that while
Independent fiduciary and administrations solutions provider VG has promoted Claire Malkoun, Director of Business Development, to Board level, bringing the total number of VG main Board members to ten.
Malkoun is an experienced business development professional with over 26 years’ offshore and onshore sales and marketing experience. She joined VG in 2016 having previously worked at leading international law firm Ashurst in Dubai and London and Ogier in Jersey and London. As Director of Business Development, Claire is responsible for Business Development, Marketing and PR across VG, with a remit to develop new and existing clients and intermediary relationships globally
Guernsey Finance is seeking a new specialist in business development overseas as Deputy Chief Executive Kate Clouston has announced plans to move on to a new business development role within the island’s finance industry.
Clouston (pictured), who is to take on the role of global relationship manager with offshore law firm Collas Crill next year, joined the promotional agency for the Guernsey Finance industry in early 2015, and although she had a non-financial services background, has been credited for making significant progress in the Asian and US markets. She has spent significant periods on the road with Guernsey Finance, particularly
The Eurekahedge Hedge Fund Index ended September down 0.05 per cent, trailing behind the MSCI AC World Index (Local) which gained 0.07 per cent over the course of the month.
North American hedge fund managers broke their winning streak and slumped 0.16 per cent, contrary to the positive performance exhibited by the S&P 500, which ended the third quarter with its best performance since Q4 2013. On a year-to-date basis, North American fund managers maintained their lead over other regional mandates with a 3.16 per cent return.
Over in Asia, concerns over the escalation of the tariff spat
Fintech firm IFX Payments has appointed Martin Roskott as a non-executive director.
Roskott has over 30 years of banking experience – he was previously Head of Finance and Brokers at Barclays Bank and spent over 18 years at N M Rothschild where he had responsibility for trading precious metals, foreign exchange, derivatives and futures.
During his time at Barclays Bank, Roskott had a leadership role setting the direction and strategy for a variety of non-bank financial institution clients including broker / dealers, stockbrokers, futures brokers, central clearing counter parties, a range of financial technology companies and a range of
Intertrust, a specialist in providing expert administrative services to clients operating and investing in the international business environment, is opening of a new office in the Abu Dhabi Global Market (ADGM).
Intertrust has been active in the UAE for over 17 years and services a growing number of international and GCC multinationals. The Abu Dhabi office, led by Managing Director of UAE, Patricia ‘t Hart-van Rooijen, will enable Intertrust to provide its clients with access to the ADGM’s independent regulatory framework and a variety of legal structures including its Special Purpose Vehicle (SPV).
HP van Asselt (pictured), Chief Commercial
KOGER Inc has enhanced its anti-tax evasion software KURE with capability for automated tax reporting.
KURE is designed to streamline tax certification, validation and filing for compliance with anti-tax evasion regulations, the US Foreign Account Tax and Compliance Act (FATCA) and Common Reporting Standards (CRS).
“The new anti-tax evasion functionality simplifies all of the administrative compliance functions involved with tax forms, authentication and filing. KOGER’s KURE technology is a comprehensive digital solution that automates and streamlines the complex processes involved with anti-tax evasion compliance, as well as financial crime prevention, over the complete investor lifecycle,” says Ras Sipko, KOGER Chief
The Derivatives Service Bureau (DSB) has announced additional service improvements for 2019, as well as estimated 2019 user fees of 4 per cent below 2018 levels, assuming similar uptake of the service amongst the OTC derivatives community.
The DSB is a fully automated generator of International Securities Identification Numbers (ISINs) for OTC derivatives. The DSB is the first numbering agency designed to operate on a global basis to meet the particular requirements of the OTC derivatives markets including near real-time allocation of ISINs.
The 2019 financial projections incorporate additional service improvements requested by industry during the 2018 consultation process, including increased
AMSYS Capital has launched its first Digital Asset Fund, an actively-managed fund designed to hedge against the volatility of the crypto-currency market.
AMSYS says the fund will leverage the ecosystem of its advisory companies – Amsys Innovative Solutions (a 15 year old IT services company), Amsys Blockchain (a blockchain development and advisory company), and AMCHART (a blockchain company striving to put health records on the blockchain) – to better understand and trade cryptocurrency markets.
The investment objective of the fund is to responsibly invest in a volatile market and gain capital appreciation and maximise absolute returns by offering investors
Hedge funds were up last week, on the back of the positive performance of CTAs and L/S Equity Market Neutral strategies, while CTAs staged an impressive rally with most buckets contributing to performance, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Lyxor writes: “Event-Driven and L/S Equity strategies underperformed. In the Event-Driven space, both Special Situations and Merger Arbitrage were under pressure according to benchmark indices. Dispersion was nonetheless somewhat elevated across merger arbitrage strategies as some funds suffered from the Akorn vs Frenesius deal break while others did not.”
“Relative value arbitrage remains the
