Latest News
Coinfloor’s spot exchange in Gibraltar has received an in-principle authorisation as a distributed ledger technology (DLT) provider from the Gibraltar Financial Services Commission under the jurisdiction’s Financial Services (Distributed Ledger Technologies Providers) Regulations 2018.
Introduced in January this year, the regulations are aimed at supporting the sustainable growth and globally transformative potential of distributed ledger technology and have been designed to provide “an efficient, safe and innovative regulatory framework for firms engaging in activities not otherwise subject to regulation”.
Amadeo Pellicce, COO of Coinfloor, says: “In Gibraltar we have found an excellent mix of credible and forward-thinking industry players,
DDJ Capital Management, an independent manager of high yield and special situation investments on behalf of institutional investors, has marked the three-year anniversary of its DDJ Opportunistic High Yield Fund.
The open-end mutual fund (DDJIX, DDJCX, and DDJRX) received a 5-star overall rating from Morningstar as of 31 July 2018.
For the three-year period that ended 31 July 2018, the Fund outperformed (on both a gross and net basis) the ICE BofA Merrill Lynch US High Yield Non-Financial Index, a broad unmanaged high yield index that excludes financial issuers. In addition, according to Morningstar, the Fund’s Institutional share class
Amber Capital, an established event-driven investment manager in Europe, has been selected by Swiss bank Lombard Odier to manage PrivilEdge – Amber Event Europe (AEE) fund, a sub-fund of Lombard Odier Group’s open architecture UCITS umbrella range of funds.
The AEE fund aims to capture investment opportunities relating to corporate events and special situations by leveraging the experience and expertise of the Amber Capital investment team in a dedicated Europe-focused long/short equity strategy within a UCITS compliant format. Olivier Fortesa, Portfolio Manager of PrivilEdge – Amber Event Europe Fund, has been focussing on event-driven and special situation strategies since he
Societe Generale has appointed David Abitbol as the new Head of Societe Generale Securities Services (SGSS), effective 1 January 2019.
Based in Paris, Abitbol will report to Séverin Cabannes, Deputy Chief Executive Officer, responsible for the bank’s Global Banking and Investor Solutions activities.
Abitbol replaces Bruno Prigent, who is retiring after 38 years at Societe Generale, 27 of which were with Societe Generale Securities Services. Prigent retains his current role within SGSS until the end of 2018 and will focus on ensuring a smooth transition of the business.
“I sincerely thank Bruno Prigent for his long-standing commitment to
Global hedge fund flows were positive in July, with investors adding an estimated USD5.85 billion to funds around the world and bringing overall industry AUM to USD3.307 trillion, according to the July eVestment 2018 Hedge Fund Asset Flows Report.
However, looking across all funds reporting to eVestment, signs of consolidation continue: 42 per cent of funds reporting to eVestment logged AUM inflows, while 58 per cent had outflows. This shows an acceleration of a consolidation trend that has been ongoing for some time: the prior 30-month average was 49 per cent of funds with inflows and 51 per cent with
The Commodity Futures Trading Commission (CFTC) has unanimously approved a swap clearing requirement proposed rule that would reduce unnecessary burdens on bank holding companies, savings and loan holding companies, and community development financial institutions.
The proposal would exempt from the clearing requirement swaps entered into by bank holding companies and savings and loan holding companies with consolidated assets of USD10 billion or less, and community development financial institutions that meet certain conditions. The proposed rule is consistent with a 2016 staff no-action letter that provides relief from the clearing requirement swaps entered into by bank holding companies and savings and
Baanx.com, an emerging Cryptobank network focused on offering fiat and crypto mobile banking services for the blockchain era, has agreed a USD2 million investment deal with LDJ Cayman Fund as part of its current Token Pre-Sale for qualified, accredited institutions and individuals.
David Drake, Principal of LDJ Cayman Fund Ltd and Founder and Chairman of LDJ Capital, is a highly respected figure within the blockchain industry with a track record of extremely successful prior investments.
LDJ Cayman Fund, a USD200 million fund focused on cryptocurrency, mining, and ICO acquisitions, works with global family offices seeking exposure to the Fund’s three-prong investment
Reality Shares has rebranded as Blockforce Capital following the addition of a cryptocurrency investment platform, Onramp, and a blockchain-focused hedge fund unit to its existing ETF business.
Leading the firm’s expansion is a diverse set of professionals with experience in finance, theoretical physics and computational astrophysics, as well as an advisory board armed with highly regarded leaders in the blockchain and cryptocurrency markets. The board’s collective expertise was instrumental in Reality Shares’ debut of the world’s first blockchain ecosystem ETF and first China-specific blockchain ETF. Reality Shares, which originally launched in 2012, also offers a family of dividend growth ETFs.
The Palm Beach Hedge Fund Association (PBHFA) has formed a strategic partnership with international real estate firm Engel & Volkers/Arthur J Martens.
The team at Arthur J Martens has a long history of serving the real estate needs of Palm Beach Counties’ leaders and their families. Clients include Celine Dion, and the current HUD Secretary Dr Ben Carson.
PBHFA Founder David Goodboy says: “The PBHFA only forms strategic partnerships with firms proven to have the utmost integrity and experience in their chosen niche. Arthur J Martens LLC/ Engel & Volkers with their deep local knowledge of the ultra-high-end market combined with
Law firm Maples and Calder, which advises on the laws of the British Virgin Islands, the Cayman Islands, Ireland and Jersey, has appointed seven new partners and three of counsel across its global offices.
The new partners in the firm’s Cayman Islands office include Tim Coak, Daniel Lee, Anthony Philp, James Reeve and Shari Seymour. Callaghan Kennedy and Michelle Lloyd were elected as partners in the Dublin and Hong Kong offices, respectively. The firm’s new of counsel include Tim Dawson and David Sherwin in the Cayman Islands office and Mary O’Neill in the Dublin office.
“We are delighted to announce
