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By Craig Cordle – Data protection and privacy laws have been reformed across Europe by Regulation (EU) 2016/679, commonly known as the General Data Protection Regulation (GDPR) which came into force on 25 May 2018. The GDPR builds on existing legislation and seeks to harmonise and enhance data protection and privacy laws across the EU. It also introduces significant fines in respect of breaches.
Guernsey’s Data Protection (Bailiwick of Guernsey) Law 2017, which mostly mirrors the requirements of the GDPR, came into force on the same day. The DP Laws apply the requirements of the GDPR on a global basis
By Dr Andy Sloan (pictured), Guernsey Finance – Guernsey has been identified as an ‘emerging global contender’ in green finance. In a climate currently led by the global commitments made at the United Nations COP 21 conference in 2015, Guernsey has identified green issues as a key strategic objective.
The island is rapidly becoming the “go to” international finance centre for green finance. The introduction by the regulator, the Guernsey Financial Services Commission, of the world’s first regulated green fund product, the “Guernsey Green Fund” puts us at the forefront of green finance development.
The objective of the GGF is
By Andrew Carey, Locate Guernsey – Guernsey makes no excuses for wanting to attract fund managers to the island and evolve into more than simply an alternative funds jurisdiction. It is an explicit position for us, as opposed to a “nice to have”.
Guernsey does have high-quality managers already operating from the island, with names including Cinven, Permira and Terra Firma, and is also working closely with the Guernsey Investment Fund Association to try to increase that number. The size of the manager community is already quite significant, with funds one of the best performing sectors in the island’s well-rounded
Steven Cameron, Pensions Director at Aegon, comments on the FCA’s Investment Platform Market Study Interim Report…
We welcome the FCA’s largely positive Investment Platform Market Study findings and the proportionate and targeted set of remedies it is now considering. Platforms continue to rapidly replace traditional life companies at the heart of financial services and we are pleased the FCA has found competition is working well for most platform customers.
As in most areas of financial services, advisers play a key role in supporting customer decision marking and we welcome the distinction between advised and D2C platforms and the remedies
Specialist fixed income manager, BlueBay Asset Management (BlueBay), has launched the BlueBay Diversified Alternative Credit Fund in response to client demand.
The new fund is designed to provide investors with a single point of access to BlueBay’s best ideas in long/short credit across liquid and less liquid markets, in a European structure, a Dublin ICAV (QIAIF). The fund is intended to appeal to both institutional investors and wealth managers seeking a more flexible approach to generating returns in the changing market environment.
The fund’s objective is to achieve enhanced risk-adjusted returns from investing across a diversified range of unconstrained
The Jersey Financial Services Commission (JFSC) has released its final guidance note in relation to Initial Coin Offerings (ICOs).
The guidance note follows in the wake of several high profile crypto ventures launching from Jersey, including several ICOs, and formalises the road map for approval previously developed by the JFSC in consultation with leading offshore law firm Carey Olsen which has advised on all Jersey ICOs to date.
In order to give prospective ICO investors a degree of disclosure and comfort – and being mindful of the guiding principle pursuant to which the JFSC discharges its functions as the
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2018 measured -0.34 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.49 per cent in July.
“SS&C GlobeOp’s Capital Movement Index of -1.49 per cent for July 2018 should be viewed as a strong result in light of the seasonality of net flows. The month of July typically experiences negative flows, but it’s noteworthy that the -1.49 per cent reported for July 2018 reflects an improvement in net outflows from the -1.78 per cent reported a year ago for July 2017, and is also
Align, a provider of technology infrastructure solutions, has been named in 45th place in Channel Futures’ 2018 MSP 501 ranking list, which recognises the top managed service providers based on metrics including recurring revenue, growth and other factors.
The MSP 501 is the IT channel’s first, largest and most comprehensive ranking of managed service providers worldwide. This year, Channel Futures received a record number of submissions, with applications from Europe, Asia, South America, North America and beyond.
“We’re thrilled to be recognised on this esteemed list of managed service providers, representing the most forward-thinking and innovative organisations in the
Saba Capital Management, the New York based USD1.4 billion hedge fund, has recently celebrated the one-year anniversary of its first foray into ETFs, with CEFS, its ETF based on closed-end funds.
Leah Jordan, Vice President at Saba Capital, explains that the product is an extension of what the firm seeks to achieve in its hedge fund model where it focuses on global closed-end funds, principally those in the US and the UK, that are trading at significant discounts to NAV, in the search for yield.
“We actively trade closed-end funds as one of our core strategies,” Jordan explains. “We look
Martin Currie has unveiled a new investment team leadership structure, which the active equity specialist says focuses on the next stage of delivering its growth ambitions.
The firm says the changes will enable a higher level of participation for the investors running strategies within the business and draws upon the strength of this highly experienced team.
The Investment Executive will be chaired by CEO Willie Watt (pictured)), who will continue to have accountability for oversight and monitoring of investment process and performance, based on Martin Currie’s existing governance model. Oversight continues to be supported by Jeff Casson (Head of
