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Crestbridge has strengthened its Jersey Management Company (ManCo) with the hire of Gunther Thumann, a former economist for the International Monetary Fund in Washington DC. Thumann joins as an adviser and will focus on developing the Jersey ManCo from a strategic perspective.
Thumann was recently appointed as the chairman of Jersey Finance and has previously worked as chief executive and chairman of the board of Brevan Howard Capital Management; he brings a breadth of experience and connections across the finance industry in both Jersey and beyond, which will benefit the business’ ManCo clients and Crestbridge as a whole.
Thumann
Quincy Data has adopted Enyx’s nxFeed solution, an ultra-low latency market data distribution system, as the sole provider of full FPGA feed handlers to power its Quincy Extreme Data (QED) service.
“I’m proud of Enyx’s long time relationship with Quincy Data and our shared commitment to technical excellence and the importance of transparency when bringing new solutions to market,” says Enyx Managing Director and Co-Founder Laurent de Barry (pictured). “We work hard to provide innovating solutions for tomorrow’s technical challenges. Our nxFeed solution will guide Quincy Data toward the future as one of the industry’s leading market data provider”.
Red Deer, a financial technology company focused on enhancing the performance of active investment managers, has formed a strategic partnership with Instinet Europe Limited to provide an integrated solution to manage research inducement, consumption, valuation, payment and commission management under the new MiFID II regime.
Red Deer’s research valuation management solution will attribute, forecast, track and manage budgets for research funding and consumption, integrating with Instinet’s RQ Connect application within its research payment and commission management platform, Plazma, to provide a seamless end-to-end research valuation and payments process.
Luke Oubridge (pictured), CEO Red Deer, says: “A number of Red
Axioma has appointed Blake Grossman to the company’s Board of Directors.
“We are delighted to welcome Blake to the Board of Directors of Axioma and we look forward to benefiting from his extensive experience, knowledge and insights,” says William Guttman, Chairman.
Grossman says: “The development of Barclays Global Investors as the leading systematically-based investment firm was achieved by a front-to-back integration of investment systems, along with extensive application of technology, to drive scale and substantial growth in AUM.
“I see the same vision at Axioma, which is redefining the landscape with flexible, enterprise-wide risk and equity solutions that
New Silkroutes Group’s (NSG) wholly-owned subsidiary New Silkroutes Capital (NSC), is to acquire a 66 per cent stake in European fund manager Culross Global Holdings Limited and related companies in a deal worth USD2.6 million.
As part of on-going efforts to transform NSG, the NSG group has been restructured with the intention that NSC will eventually serve as the financial ‘dashboard’ for the group’s invested verticals, which comprise investments in financials, energy, healthcare and real estate. With the acquisition, NSC will not only be able to on-board essential wealth management capabilities but will also be able to operate seamlessly in
Alternative investment manager FS Investments has launched its first open-end mutual fund, FS Multi-Strategy Alternatives Fund, which seeks to generate absolute returns with low correlation to traditional investments over a complete market cycle, and is distinct in that it combines hedge fund managers and alternative beta strategies.
“FS Investments always looks for differentiated ways to help investors access alternative sources of returns,” says Michael Forman (pictured), Chairman and Chief Executive Officer of FS Investments. “FS Multi-Strategy Alternatives Fund was created to provide exposure to an investment approach employed by some of the most successful institutional investors. We are excited to bring
Man Numeric, Man Group’s quantitative equity investment manager, has launched the Dublin-domiciled Man Numeric European Equity fund, its fifth UCITS-compliant vehicle for the European market.
The Man Numeric European Equity fund provides investors with access to Man Numeric’s European Core strategy, which launched in 2002. The investment strategy aims to outperform the MSCI Europe Index and provide consistent returns over time through quantitative, bottom-up stock-selection from a broad stock universe of about1,300 names, via a fundamental, systematically implemented, investment process.
Overseen by portfolio managers Greg Bunimovich, Ori Ben-Akiva and Mickael Nouvellon, the strategy utilises a combination of proprietary Valuation
With the implementation of AIFMD and UCITS V, the cost of launching EU funds has undoubtedly increased. Managers have to weigh up these costs versus the benefits of reaching a wider audience of European investors, compared to offshore funds. For those based in the UK, an added complication is Brexit.
For low-cost, business-friendly jurisdictions like the Netherlands, where English is nearly universally spoken, the UK’s decision to leave the EU could well work to its benefit, although only time will tell.
If a start-up manager does wish to set up a fully licensed AIF in the Netherlands, under the full
By Sven Bouman, Saemor Capital – Saemor Capital is a specialist systematic investment manager, based in The Hague. Saemor has won a number of awards including long-term performance over five years. Saemor is AIFMD-regulated manager, managing over USD500 million. The company was founded in 2008 with the backing of insurance company Aegon as a cornerstone investor. Aegon decided to optimise its equity portfolio by splitting the alpha from the beta, allowing Sven Bouman and his team to spin off to manage a long/short market-neutral fund investing in European equities.
Saemor has a team of 24, with a highly experienced investment
The Netherlands is ideally placed within Europe, being less than two hours away from the main financial centres such as London, Frankfurt and Paris. It is home to some of Europe’s largest pension plans, many of who are active allocators to alternative investment funds, and boasts a world-class business environment and workforce. Indeed, as PwC point out in a recent report*, the Netherlands was ranked number 7 in the world by Forbes’ `Best Countries for Business’ in 2016.
Moreover, the Netherlands operates an attractive tax regime and incentive programs. Corporate income tax stands at 20 per cent on earnings up
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