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2017 was an exceptional year for the European investment fund industry, with net assets of UCITS and AIF surpassing the EUR15 trillion mark, according to the European Fund and Asset Management Association (EFAMA) latest Quarterly Statistical Release.
Net assets of UCITS increased by 12 per cent to EUR9,714 billion. Of the largest UCITS domiciles, Ireland recorded the largest net asset increases in 2017 (15.9 per cent), followed by Luxembourg (11.9 per cent), the UK (11.6 per cent), and France (9.8 per cent). Elsewhere in Europe, net asset growth greater than 20 per cent was recorded in Belgium, Bulgaria Cyprus, Czechia, Hungary, Malta, Poland and
Markov Processes International (MPI) has launched a hedge fund index business line that will aim to provide investors with improved benchmarks for measuring hedge fund performance.
MPI recently partnered with BarclayHedge to create the MPI Barclay Elite Systematic Traders Index (Bloomberg: MPBEST20), which seeks to capture the returns of the 20 largest systematic hedge funds reporting into BarclayHedge. The MPBEST20 is paired with the MPI BEST 20 Tracker Index (Bloomberg: MBEST20T). This index pair was launched on March 1.
“We are delighted to be working with MPI to launch the MPBEST20 Index,” says Sol Waksman, President at BarclayHedge. “We’ve
The Gemini Companies (Gemini) has shared insights from its recent panel discussion featuring allocators focused on boutique alternative fund managers.
The conversation, part of Gemini’s February 13, 2018, industry networking event at the HGU Hotel in New York City, was moderated by Matt Ackermann, Director of Digital Content at InvestmentNews. During the event, panelists addressed current industry challenges and developments from legal, custodial, audit, and operational perspectives. Panelists included Carlos Cabrera, founder of JOIA Investments LLC; Amy Bensted , head of hedge fund products at Preqin; and Ken Shewer, founder of Kenmar Holdings and founder of Inception Point.
Singapore Exchange (SGX) and fintech firm Smartkarma have formed a partnership to roll out the C-Suite Pilot Program, a cloud-based platform that will enable SGX-listed companies to streamline their communication and data reporting to the institutional, analyst and investor communities.
The programme is designed to allow listed companies will to communicate seamlessly with analysts and investors, monitor sentiment, compare industry performance, and benchmark instantly against peers which will enhance investors’ understanding of and accessibility to these companies.
This is the first collaboration between Smartkarma and an exchange that will, for the first time, bring analysts, investors and listed companies
O’Connor Davies Administration, a subsidiary of accounting and advisory firm PKF O’Connor Davies, has launched a new administration service offering for cryptocurrency hedge funds.
With the launch, O’Connor Davies Administration also announced it currently provides complete fund administration services to three cryptocurrency hedge funds.
The announcement comes as industry demand for cryptocurrency fund administration services is reaching critical mass. This new offering demonstrates the Firm’s ongoing commitment to meeting emerging fund administration needs for a variety of asset classes, including hedge funds and private equity, venture capital, infrastructure and real estate funds and other alternative investments.
“O’Connor Davies
The Commodity Futures Trading Commission (CFTC) has issued an order approving the transfer of all open interest in credit default swaps (CDS) at the Chicago Mercantile Exchange (CME) to ICE Clear Credit (ICC).
The CFTC acted at the request of CME and ICE.
On 15 December 2017, CME and ICC each submitted letters requesting that that CFTC permit the transfer of CDS open interest. CME and ICC plan to conduct the transfer on 16 March 2018 by closing out positions at CME and establishing corresponding positions at ICC.
Ocorian, an independent provider of corporate and fiduciary services, has appointed Alan Booth as Managing Director of its UK business.
Booth (pictured), was previously Global Head of Product Management within Deutsche Bank’s Corporate Services Division, and will play a key role in driving Ocorian’s enhanced corporate services offering.
Booth’s in-depth knowledge of the global regulatory and legal environment – gained through 12 years’ experience in structured finance, private equity and real estate structuring – will prove central to the shaping and management of Ocorian’s growing corporate services business.
Ocorian has grown considerably over the last two years, with
The Hedgeweek Global Awards 2018 for excellence among hedge fund managers and service providers celebrate the achievements of firms that contributed to another significant year for the sector.
The winners, who were presented with their awards in London on 9 March, were decided by a poll of Hedgeweek readers, who include both investors and managers as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors. The final winners in both the manager and service provider categories were confirmed by the Hedgeweek team.
The winners of the Hedgeweek Global Awards 2018 are:
Davis Polk has appointed Michael S Hong as a partner in the firm’s Investment Management Group in New York, focusing on private equity fund formation.
Hong comes to Davis Polk from Paul, Weiss, Rifkind, Wharton & Garrison LLP, where he was a partner in their Private Funds Group. He advises sophisticated private fund managers across all asset classes in their most complex, high-value transactions, including fund formation and ongoing investment-related advice. Hong also has extensive experience with sales, purchases and joint ventures involving alternative asset managers.
“We welcome Michael to our distinguished Investment Management Group,” says Thomas J Reid,
FeedStock, a provider of integrated interaction tracking and analytics software, is partnering with IHS Markit to provide an end-to-end investment research tracking, evaluation and analysis and payments tool for clients in fund management.
This alliance will see the delivery of a comprehensive solution that satisfies the buy-side’s need to accurately track, evaluate and pay for research, while managing inducements and trials, as required by MiFID II. Unlike other solutions requiring manual work and reconciliation of sell-side data, FeedStock’s tracking system is fully automated and independent.
Using the latest in AI and machine learning, FeedStock filters, tracks and classifies investment
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