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Independent fund research company, Monterey Insight, has confirmed the Aztec Group is the leading fund administrator in Jersey for the third consecutive year, administering USD126.0 billion net assets and 181 funds.
The annual Monterey Report provides a comprehensive analysis of the Jersey funds industry and its service providers by giving an insight on both the number of funds advised and the total assets under management. It revealed 2018 was another strong performance for the island, as fund assets administered in Jersey increased to USD391.7 billion at the end of June 2018, a 20.9 per cent increase on 2017. Aztec Group
According to the Monterey Fund Report 2018, Mourant has once again maintained its leading position as the go-to legal adviser in Jersey’s funds industry, advising on over 46 per cent of all funds by market share of assets.
The firm, which has held the dominant position in Jersey for 19 consecutive years, advised on 791 funds in the last year with an overall value of USD361 billion and leads on all major tables, including 13 of the 18 categories. The report also highlighted that fund assets serviced in Jersey overall had risen to USD411.1 billion at the end of June
Saxo Bank, a fintech specialist focussed on multi-asset trading and investment, has appointed Thomas Hovard as COO of Global Distribution and Client Services, effective from 4 February 2019.
He will report directly to Damian Bunce, Chief Commercial Officer of Saxo Bank.
Hovard joins Saxo Bank from Danske Bank where he most recently served as Global Head of DCM Sales & Research. During his 16 year tenure with Danske Bank he has held several positions in both research and sales.
In his role at Saxo Bank, he will be responsible for the ongoing operations of the Global Distribution and
Investors removed an estimated USD7.13 billion from the global hedge fund industry in October, pushing year-to-date (YTD) flows firmly negative at -USD10.09 billion.
The October outflows follow an uninspiring year in hedge fund performance, culminating in October performance numbers that saw almost all primary hedge fund markets and strategies in the red for the month, as eVestment reported earlier in November.
Given that, historically, December has been a month where outflows are elevated even in otherwise positive years, it is highly likely that 2018 will end up as a year of net redemptions from the industry. Overall industry AUM
Hedge funds were down 2.15 per cent for the year, their weakest performance on record since 2008 when they declined 9.55 per cent in the 10 months through to October, according to figures released by Eurekahedge.
Almost 47 per cent of the managers are in the green for the year with roughly 8 per cent of the managers posting double digit gains as tracked in the Eurekahedge Global Hedge Funds Database.
Total assets under management have decreased by USD32.2 billion as of October 2018 year-to-date, compared with an increase of USD173.2 billion over the same period last year as
CUSIP Global Services’ (CGS) CUSIP Issuance Trends Report for October 2018, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, has revealed across-the-board increases in monthly request volume for new municipal, corporate equity and corporate debt identifiers in October.
CGS says this is suggestive of an increase in new security issuance.
CUSIP identifier requests for the broad category of US and Canadian corporate offerings, which includes both equity and debt, totalled 4,491 in October, up 6.6 per cent from September totals. On a year-over-year basis, corporate identifier request volume through
MV Index Solutions has launched the MVIS Bitcoin US OTC Spot Index (MVBTCO), which is the first bitcoin index based on US price feeds from established OTC digital asset trading operations.
The index shows the spot price of bitcoin by tracking its performance based on three of the leading providers in OTC liquidity, including Circle Trade, Cumberland and Genesis Trading. MVBTCO expands MVIS’ portfolio to a total of 24 digital assets indices.
“We are excited to be the first provider to launch a bitcoin index based on the pricing feed of OTC trading desks,” says Thomas Kettner, Managing
Caspian, a full-stack crypto trading and risk management platform for institutional investors and sophisticated traders, has partnered with Brave New Coin (BNC), a blockchain and cryptographic assets research company, to deliver trading tools for professionals.
Through the partnership, Caspian will incorporate BNC’s comprehensive market data to assist in calculating fairer fees and market positions for traders using the Caspian platform.
Gathering and analysing data from more than 200 exchanges, 24/7, BNC’s integrated Spot Price engine calculates a time-stamped, Global Weighted Average (GWA) of multiple price points every five minutes. The engine ensures professional traders and investors can access reliable,
Saxo Bank, a fintech specialist focussed on multi-asset trading and investment, has launched SaxoInvester, a new platform that gives the growing investor segment the opportunity to build long-term portfolios across stocks, bonds, mutual funds, ETFs, and SaxoSelect portfolios.
The platform is initially launched in Denmark with international roll-out planned for the first quarter of 2019. Furthermore, SaxoInvestor will be an integral part of the Group’s white label and partner offering across markets as the platform is developed with a dedicated focus on flexibility and customisation.
SaxoInvestor is built on the same technology as the Group’s other platforms, SaxoTraderGO and
Hedge funds endured their heaviest outflows in more than five years in September despite record highs in US equity indexes and strong consumer sentiment, according to the Barclay Fund Flow Indicator.
Data from more than 5,000 hedge funds in the BarclayHedge database estimated that the hedge fund industry (excluding CTAs) shed USD39.1 billion (-1.3 per cent of assets) in September, reversing inflows of USD21.5 billion (0.7 per cent of assets) the month before.
Industry assets dipped to USD3.06 trillion in September, down from August’s all-time high. Weak demand for hedge funds contrasted with strong demand for equities in
