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By Anne-Gaëlle Delabye & Tara Kapur – Non-EU managers seeking access to European capital are more frequently looking to Luxembourg parallel structures due, in part, to their flexibility and the features that the Luxembourg limited partnerships share with the Anglo-Saxon model. Ogier’s Luxembourg investment funds team – working in partnership with our teams in the BVI, Cayman and Hong Kong – have extensive experience of structuring parallel funds for clients in the US and Asia.
Luxembourg limited partnerships are increasing in popularity as a parallel structuring option, being comprehensible in structure and functionality for managers (and investors) with experience in the
Fuchs Asset Management SA (‘Fuchs AM’) is the Management Company (‘ManCo’) within the family-owned Fuchs Group located in three jurisdictions: Luxembourg, Belgium and Switzerland. As an authorised AIFM, it provides the services and the knowledge (governance, risk management & compliance, portfolio management and distribution) for asset managers, private banks, family offices and entrepreneurs wishing to launch AIFMD & UCITS compliant vehicles as easily as possible.
Over the last four years, Fuchs AM has been expanding its AIFM capabilities to support investment managers, including private equity managers, who have deep investment expertise but aren’t necessarily equipped to run their own regulated
In a recent article with Private Equity Wire seven months ago, Sean Murray, Managing Director, Alternative Assets (EMEA) at SANNE – a leading provider of alternative asset and corporate administration services with more than EUR235 billion in AuA – discussed a definitive trend among PERE fund managers to outsource their internal accounting and reporting processes.
This trend shows no sign of abating as global PE/RE groups look towards Europe, and specifically Luxembourg, to develop global distribution hubs.
Brexit is another unavoidable catalyst. Brexit has contributed to some of the growth we are seeing in Luxembourg as fund managers are looking for stability
Luxembourg’s funds industry enjoyed a good period of growth last year, a period during which assets under management grew, on average by 15 per cent, asset flows grew by 5 per cent, profits grew by 10 per cent, while margins were broadly maintained somewhere close to 37 per cent.
As of August 2018, total fund AUM in Luxembourg stood at EUR4.27 trillion, up 7.15 per cent year-on-year. Interestingly, US fund sponsors account for the largest market share, equivalent to 20 per cent of total AUM, followed by Great Britain (17.6 per cent), Germany (14. 4 per cent) and Switzerland
Digital Asset Custody Company (DACC) is to provide custody solutions for blockchain fund provider aXpire.
aXpire provides Token Generation Event (TGE) products, enterprise resource planning tools and blockchain funds to institutional investors, particularly family offices. Token issuers and institutional investors also rely on aXpire’s end-to-end token sale platform, which includes built-in Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance tools and blockchain fund creation products.
Special Report: Cryptocurrency & blockchain – November 2018
“We are proud to provide our custody solutions to aXpire,” says Doug Schwenk, Co-Founder and Chairman of DACC. “Establishing a partnership with aXpire was a clear next step
IronX has appointed Dimitris Hatzis as the company’s new Chief Executive Officer, effective immediately.
The new Crypto Exchange, a joint venture between the Global Leader in Online Trading, the IronFX Group and the World Blockchain Giant, EmurgoHK, allows private and institutional investors to exchange cryptocurrencies, as well as trade forex, commodities, equities, and other tradable assets.
Special Report: Cryptocurrency & blockchain – November 2018
IronX is a fully regulated cryptocurrency trading exchange after being approved by the Estonian Financial Intelligence Unit (FIU) in September 2018. Previously, IronX sold 67.6 million tokens in a Private Sale by Invitation, with a
BCB Group has secured Swiss regulatory approval as a financial intermediary for its cryptocurrency prime brokerage service by VQF, an authorised SRO by the Swiss Financial Markets Supervisory Authority FINMA.
Aiming to provide seamless infrastructure covering onboarding, execution, settlement, reporting and custodianship for clients wishing to access cryptocurrencies, BCB Group’s service has been specifically designed to cater to the needs of institutional and high net worth clients seeking OTC best execution for their own accounts and who wish to offer cryptocurrency products and services to their own clients.
Special Report: Cryptocurrency & blockchain – November 2018
BCB Group’s services
Brevan Howard has joined the network of market participants using the AcadiaSoft Hub’s Initial Margin Exposure Manager (IMEM).
As one of the first buy-side firms that falls within the scope of Phase 3 of the non-cleared margin rules that went into effect on 1 September, Brevan Howard is now reconciling two-way initial margin (IM) with its derivatives trading counterparties under the non-cleared margin rules via IMEM.
“The continued expansion and enhancement of the AcadiaSoft Hub is central to our commitment to helping firms that fall within any of the five phases of the non-cleared margin rules achieve compliance,” says
Private credit is now a globally established source of mainstream finance for borrowers around the world, with the industry on-track to grow to USD1 trillion of assets under management by 2020.
That’s according to new research published by the Alternative Credit Council (ACC) – the private credit affiliate of the Alternative Investment Management Association (AIMA) – and global law firm, Dechert.
The ‘Financing the Economy 2018’ report draws on an industry wide, international survey of nearly 70 private credit managers with a collective total of USD470 billion of private credit assets under management across a broad cross-section of jurisdictions
The Tosca UCITS Fund, a global long/short equity fund from Toscafund Asset management, has launched on the MontLake UCITS Platform.
MontLake is an independent platform for UCITS funds that provides investors with access to a range of Irish-domiciled liquid, transparent and regulated investment products.
Tosca UCITS, emulates the award winning offshore Tosca LP and invests primarily in equities across the entire value chain of financials globally. This large, liquid and diverse universe is rich in alpha, with varied drivers of profitability. Deep dive, fundamental analysis is at the core of the investment process where the six person strong investment
