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The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, has signed a Memorandum of Understanding (MoU) with the Insurance Asset Management Association of China (IAMAC), a self-regulatory organisation for China’s national insurance asset management industry.
AIMA and IAMAC signed an agreement in Beijing that outlines areas of cooperation and collaboration, including educational programmes and joint events. The MoU further strengthens AIMA’s presence in China and its relationships with China’s asset management industry and its regulators.
In 2014, AIMA signed an MoU with the Asset Management Association of China (AMAC), the self-regulatory organisation for Chinese fund
AI Insight is to begin offering liquid alternative research reports in 2018, enabling advisors to compare the details and financial performance of alternative investment mutual funds.
Given the growing popularity of liquid alternatives and need for research around this asset class, the reports are designed to provide financial professionals with the information they need to understand the complexities of these investments, while making it easy for them to document for regulatory compliance.
AI Insight also announced the release of a whitepaper, Understanding the Complexities of Liquid Alternatives, which provides detailed information around liquid alternatives, including regulators’ guidance and definition
By Piers Alexander, Conyers Dill & Pearman – The Cayman Islands is a world leader in the establishment of offshore hedge funds. Its tax-neutral platform, stable economy, sophisticated banking sector, confidentiality and professional financial service industry are just some of the reasons the location is attractive to hedge fund managers the world over.
To help fund managers decide whether the Cayman Islands is the right home for their fund, we have outlined some important factors to consider when setting up a hedge fund, as well as provided an overview of relevant documentation and regulations.
Structural considerations
A hedge fund is
By Piers Alexander (pictured), Conyers Dill & Pearman – There are a number of key economic and demographic factors currently at play which are likely to increase the development of new business in Asia for offshore financial centres (OFCs) such as Bermuda, the British Virgin Islands and the Cayman Islands.
In particular, the Chinese government is seeking to engineer a policy shift away from an economy fuelled by non-financial sector debt, such as corporate debt and government stimulus, towards a more sustained, quality growth derived from a consumer-driven economy. This rebalancing is also intended to mitigate the volatility of recent
Carnegie Affiliated Managers (Caram) is to acquire (via its subsidiary Caram Alternative Investments AB) approximately 35 per cent of the equity in Albatris AB (Albatris), with Albatris’ management retaining 65 per cent.
Albatris’ ambition is to be a leading investment company in the Non-Performing Loan (NPL) segment of European alternative credit investments.
Caram’s investment is consistent with its strategy to invest in focused independent firms with strong investment led cultures. The Caram group was founded in 2016 by its majority owner Altor Fund III and is the largest independent asset management group in the Nordics with over EUR23 billion
Pathstone Federal Street has launched a new environmental, social and governance (ESG) measurement tool as part of its portfolio execution platform: P-Cubed (Pathstone Portfolio Platform).
P-Cubed provides the ability to hold diverse investments in a single account, at a lower cost and improved efficiency.
“We developed P-Cubed to provide clients with meaningful tax and expense efficiencies, but now it is much more than that,” says Mathew Fleissig (pictured), President of Pathstone. “Today, P-Cubed delivers the power to strategically customise and align a client’s portfolio with their goals in ways we believe were not possible before. This is a new
Wealth and asset managers in Europe are closer to embracing new technologies than their sell-side counterparts because CEOs in the industry understand the importance of technology within the business, according to over 200 Information Technology (IT) executives working in the financial services sector.
Survey results released today by Excelian, Luxoft Financial Services – the financial services IT consultancy division of Luxoft, a global IT service provider – reveal that 87 per cent of IT executives working for Wealth & Asset Management firms believe their CEOs understand the importance of technology within the business. In contrast, 75 per cent of IT
Stroock has promoted 11 lawyers to partner and special counsel effective 1 January. The new class underscores Stroock’s broad and deep capabilities throughout multiple practice areas, including real estate, litigation, corporate, private funds, financial services, intellectual property and environmental law.
The elevated lawyers – six partners and five special counsel – are resident in the firm’s New York, Los Angeles and Miami offices.
“The 2018 class represents a good snapshot of our key strengths and demonstrates the breadth of solutions we provide for our sophisticated clients,” says Jeffrey Keitelman (pictured), Stroock’s co-managing partner. “Each of these lawyers has achieved
Thomson Reuters has expanded its e-learning capabilities with new compliance training courses designed to give organisations a clear, concise understanding of the regulatory framework mandated by the European Securities & Markets Authority (ESMA) under MiFID II.
Thomson Reuters MiFID II compliance training suite clarifies the complexity of the legislation and provides a concise view of what organisations should consider with ongoing MiFID II compliance. Under MiFID II regulations, trading venues, approved reporting mechanisms, organised trading facilities, investment firms and sell-side firms will each have a significant reporting obligation to both ESMA and to their local regulatory body. MiFID II is
Such has been the pace of technological innovation over the last decade that we have never been more connected with one another.
The volume of data generated by social media platforms is transforming the way that fund managers analyse the markets – using sentient algorithms to analyse unstructured data sets such as Twitter feeds, GPS data, etc – while the sheer processing power of machines has led to historic milestones, such as AlphaGo beating Lee Sedol, the world’s number one Go player last year.
Heck, even technologies in movies like Total Recall are becoming science fact. Intel has claimed that
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