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Mariana Enevoldsen (pictured), Director at Estera, explains how the recent IPO of music investment fund Hipgnosis demonstrates how Guernsey continues to be popular and trusted by advisers and investors, and highlights the attractiveness of the island for alternative asset classes…
This summer Merck Mercuriadis, a former manager of Sir Elton John, Guns N’ Roses, Iron Maiden and Morrissey, floated his new music investment fund on the London Stock Exchange. Hipgnosis Songs Fund raised GBP202 million to invest in music royalties. Shortly after the IPO, Hipgnosis announced the acquisition of its first catalogue of hits from The-Dream, which includes hit songs
Perpetual Corporate Trust, an independent provider of corporate trustee services to the managed funds industry and debt markets in Australia, has formed a strategic partnership with FundRock Management Company (FundRock).
The collaboration will enable clients of both firms to leverage the expertise and services offered in their respective core markets.
FundRock is an independent European fund management company employing over 100 industry professionals with presence in Ireland, UK, Luxembourg and Singapore. Established in 2004 as part of RBS, FundRock is a full-service host Authorised Corporate Director (ACD), Alternative Investment Fund Manager (AIFM) and ManCo, and now services over 300
Global network provider BSO has partnered with Hoptroff London, the time-synchronisation software specialist, to provide the financial services community with the first fully traceable accurate Time-as-a-Service (TaaS) on the market.
Since MiFID II went live in January, the entire financial ecosystem has a growing demand for a precise reading of when a trade is executed, so traceable, accurate, synchronised timing has become crucial. This new partnership combines Hoptroff’s market-leading Global Timing Network and AI enabled Time-Suite software with BSO’s global low-latency network reach, providing firms with a timestamp of trades to within ten micro-seconds of the primary reference standard of Universal Time (UTC).
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Investors are increasingly tuned into overall outcomes as opposed to simply raw performance of alternative investment fund managers, and are demanding better and customised strategies, according to a new survey by AIMA and PwC.
Alternatives are investments in assets other than stock, bonds and cash. Investment tools used are different from more traditional methods and help to generate lower risk and enhance returns. Approximately 25 per cent of Irish domiciled funds are AIFs as of June 2018.
The survey found that investors are expecting considerably more from their alternative fund providers than in the past. The report, ‘Global
Tigress Financial Partners, a women-owned institutional FINRA registered broker-dealer, has formed a strategic partnership with BCS Prime Brokerage Limited (BCS UK), in the UK, part of BCS Global Markets, to jointly market capital markets, investment banking, credit facilities, research, asset management and global wealth management services to institutional and high net worth clients in US and global markets.
As part of the transaction BCS UK invested directly in Tigress Financial Partners in addition to injecting substantial regulatory capital into the broker dealer.
As a women-owned broker dealer, Tigress Financial Partners brings diversity to the BCS Group Companies, along with
Issuance is developing a platform that aims to give the increasing supply of digital securities offerings (DSOs) direct access to institutional and retail investors alike.
Issuance will offer compensation and early access to high quality deals as incentives for its investors to authenticate their identity, share details about their investment profile and deal preferences, and engage with DSO issuers.
“We know that digital securities are the next mega-trend in capital markets, and our experience in regulated markets tells us that deal marketing will be the single biggest challenge for any DSO issuer,” says Darren Marble (pictured), CEO of Issuance.
The Bermuda Monetary Authority (BMA) has released an Information Bulletin outlining what documentation is required when submitting an application for a digital asset business (DAB) licence.
The Digital Asset Business Act 2018 (the Act) makes provision for DAB licenses. To supplement the Act, the Digital Asset Business (Cybersecurity) Rules 2018, Digital Asset Business (Client Disclosure) Rules 2018, and Digital Asset Business (Prudential Standards)(Annual Return) Rules 2018 are also in effect.
Anti-Money Laundering/Anti-Terrorist Financing (AML/ATF) legislation applicable to the other financial sectors also applies to DABs. As a result, Bermuda is one of the few jurisdictions that has comprehensive legislation
Institutional-grade crypto trading platform Caspian has raised USD16million in a pre-sale of its CSP token. The platform is now live and no longer in beta testing.
Caspian says it has 170 institutional-grade customers interested in on-boarding to its platform, with 15 customers already using it.
Caspian’s platform provides a single interface into all major crypto exchanges, as well as real-time and historical P&L and exposure tracking. The system has been designed to meet the needs of institutional investors who need to execute trades and maintain target allocations across many exchanges.
Pre-sale investors and customers include Galaxy Investment Partners,
Ares Management has appointed Jason Duko and Kapil Singh as Partners and Portfolio Managers in the Ares Credit Group, focussing on liquid credit strategies.
These new appointments reflect Ares’ continued commitment to enhance its market leadership in below investment grade credit.
“We are pleased to welcome Jason and Kapil to our liquid credit team. They are experienced portfolio managers with proven track records and our firm has known them personally and professionally for many years. They share Ares’ fundamental bottoms-up approach to credit and risk management, but also bring fresh, top-down perspectives on portfolio construction, which they have developed
Most hedge fund strategies were in negative territory for the first half of September, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Sector rotations in equities, the US dollar reversal, the rise in bond yields and turmoil in emerging markets all contributed to drag performance lower since the end of August.
Yet, as usual, this is only part of the story, writes Lyxor: “From a bottom-up perspective some Global Macro and European L/S Equity strategies have benefitted from the spread tightening in Italy. However, EM strategies continued to struggle.”
“The best returns have recently
