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Benguela Global Fund Managers, a fundamental research-driven and quality-focused investment manager, has selected Prescient Fund Services (Ireland) Limited as the UCITS Management Company (ManCo) and Fund Administrator for its latest fund, the Benguela Global Equity Fund, which launched last month.
The Benguela Global Equity Fund, which is a sub-fund of Prescient Global Funds, seeks to outperform the MSCI All Country World Index over the long-term through investment in high-quality listed shares and other UCITS-eligible investments. Benguela believes that investing in attractively priced, high-quality securities as determined by Benguela’s rigorous investment process (also incorporating ESG factors), substantially enhances investment outcomes and
The Investment Management Due Diligence Association (IMDDA), an exclusive investor-based organisation dedicated to the professionals who investigate facts concerning investment programs, has opened applications for the first class of its new professional due diligence designation.
The IMDDA’s Chartered Due Diligence Analyst (CDDA) will be an internationally recognised designation developed to ISO 17024 and ANSI accreditation standards that rigorously tests for aptitude and expertise in due diligence. Each person who passes the exam becomes a Chartered Due Diligence Analyst (CDDA), a designation that denotes one as an authority in the due diligence field.
Registration for the first class of CDDA
The selloff in October was difficult to navigate for hedge funds, but there were substantial divergences across strategies, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Lyxor writes: “L/S Equity and Event-Driven strategies underperformed due to their elevated market beta. L/S Equity strategies also suffered due to the rotation in risk factors which saw growth/momentum stocks underperform value and low beta stocks. Within Event-Driven, Special Situations strategies were particularly hurt but Merger Arbitrage managers were highly resilient.
“On a positive note, L/S Credit, Merger Arbitrage and Market Neutral L/S strategies were highly resilient thanks to
Mid-year figures from Jersey’s regulator show that the Jersey Private Fund structure (JPF), launched last year, is continuing to show strong appeal across alternative asset classes.
According to statistics collated by the Jersey Financial Services Commission (JFSC), 130 JPFs had been established by 30 June this year holding combined total assets under management (AUM) of GBP19.4 billion.
The figures also show that around half of the AUM figure (48 per cent) is attributed to infrastructure, debt and credit funds, whilst hedge funds account for almost a third (29 per cent). Private equity and venture capital funds make up 16
Dash Financial Technologies, a capital markets technology and execution provider, has appointed James Doherty as Managing Director, Head of Equity Product.
Doherty (pictured), joins Dash following a nearly twenty-year tenure at Credit Suisse, where he co-founded the Advanced Execution Services (AES) electronic trading platform and managed the day-to-day product development of its algorithmic equities trading business. Prior to joining the AES group, he worked in the firm’s Equities Proprietary Trading, Fixed Income, and IT divisions. Most recently, Doherty was Managing Partner of a machine learning-driven investment firm he co-founded.
Dash Financial Technologies CEO Peter Maragos, says: “The buy side
Corlytics, a specialist in calculating and analysing regulation as a risk, has added a new free Regulatory Event Data (RED) app, which filters global, real-time, regulatory data to its RiskFusion software offering.
Corlytics says this is the first-time global regulatory updates and notices have been centrally collated via an app and made available for free, offering one of the most disruptive changes to the regulatory industry.
This regulatory data is otherwise paid for via a subscription service, or by accessing a regulator’s website directly and manually searching for enforcement activity or policy changes. By giving compliance officers and financial
BCS Global Markets (BCS GM) has partnered with Tigress Financial Partners LLC, to provide proprietary US equity market research to its clients, as part of their recently-announced strategic partnership.
Tigress, a leading women-owned institutional FINRA registered broker-dealer, was founded in 2011. Tigress currently provides strategic capital markets and M&A advisory services globally to emerging and mid-sized companies, Fortune 500 companies, government agencies, and state and local governments.
The firm is a recognised authority on US equity markets, offering tailored global wealth management services for domestic and international high-net-worth individuals. Ivan Feinseth, Tigress Financial Partners’ award-winning Chief Investment Officer and
An affiliate of LibreMax Capital (LibreMax), an asset management firm specialising in structured credit, is to acquire Trimaran Advisors, a US-based investment manager with expertise in managing collateralised loan obligations (CLOs), from KCAP Financial (KCAP).
Trimaran currently manages six CLOs with approximately USD3 billion of assets under management. Following the close of the transaction, Trimaran’s Chief Investment Officer and head of its CLO platform, Dominick Mazzitelli, will continue to lead the business, supported by the existing management team.
“Trimaran is a well-respected CLO manager with a seasoned team of investment professionals, whose strategy complements our deep structured credit expertise,”
The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have successfully developed Delivery versus Payment (DVP) capabilities for the settlement of tokenised assets across different blockchain platforms.
This will help simplify post-trade processes and further shorten settlement cycles.
The DVP prototypes, developed with technology partners Anquan, Deloitte and Nasdaq, demonstrated that financial institutions and corporate investors are able to carry out the simultaneous exchange and final settlement of tokenised digital currencies and securities assets on different blockchain platforms. The ability to perform these activities simultaneously improves operational efficiency and reduces settlement risks.
The collaboration also demonstrated that
Coleman Research, a provider of primary research, has launched Coleman Exchange, a cloud-based software platform that helps research providers and the buy-side manage key aspects of the research interactions life-cycle.
With Coleman Exchange, users can use the platform for marketing availability, scheduling, managing subscriptions, and invoicing for analyst access and meetings. The platform also provides entitlements management and produces real-time reports which fully capture the consumption of subscription terms.
Coleman Exchange enables users to meet compliance, audit and reporting requirements and ensures analysts only interact with approved counterparts, delivering full control over access to research interactions. It is based on
