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The total value of funds business in Guernsey grew by approximately GBP20 billion over the 12 months to the end of the third quarter of this year.
Figures from the Guernsey Financial Services Commission (GFSC) show that, at the end of September 2017, the net asset value of all funds under management and administration in Guernsey stood at GBP269 billion – an 8 per cent increase on September 2016. The figures also confirm two consecutive years of growth, with the net asset value of funds growing by nearly GBP25 billion between Q3 2015 and Q3 2016.
The annual increase was
Angel Oak Capital Advisors (Angel Oak), an investment management firm specialising in mortgage credit, has raised USD291 million in capital commitments for its first private credit fund.
Having exceeded the initial fundraising goal of USD250 million, the Angel Oak Real Estate Investment Fund I is now closed to new investors.
The Fund, which invests primarily in non-qualified mortgages (Non-QM), provides investors access to the growing opportunity in non-bank lending to creditworthy borrowers who have been unable to obtain residential mortgages since the credit crisis.
Angel Oak is well positioned in the private residential mortgage market given the firm’s expertise in
Average daily volume (ADV) in index options trading at Cboe Options Exchange (Cboe) and C2 Options Exchange (C2) reached a new all-time high for the fifth consecutive year in 2017, with 2.0 million contracts, up 15 per cent from 2016.
That’s according to the latest Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report, which also reveals ADV in S&P 500 Index (SPX) options trading at Cboe reached a new all-time high for the fifth consecutive year in 2017 with 1.2 million contracts, up 14 per cent from 2016. ADV in Cboe Volatility Index (VIX) options trading at Cboe
By Nick Bayley (pictured), Duff & Phelps – It’s 3 January 2018. Hallelujah! Christmas has been and gone. The festive cheer over for another year. But there’s one more gift welcoming everyone as they head back to their offices: MiFID II has officially come into effect.
What now you ask? What should you focus in on as a matter of priority, as your funds business prepares for life under this new regime?
Regulators don’t like talking about regulatory forbearance but there has already been a certain amount of this with respect to MiFID II. That said, there are certain regulatory
Following on from the GP survey it produced earlier this year, SEI once again partnered with Preqin, this time to garner the views of investors to understand how they approaching alternative asset investing.
OP Investment Management (OPIM) has launched OP FundSeeder (OPFS), a localised Hong Kong version version of FundSeeder in the US, providing free institutional-grade statistical analysis to traders to help understand, track and improve their portfolio management skills.
The system also uses a proprietary algorithm to score and rank trader portfolios. Working with a network of investment partners, OPIM can help traders raise their profile with nstitutional investors looking for new talent.
“Our mission has always been to discover the next generation of great Asian managers and connect them to allocators,” says Alvin Fan, Chief Executive Officer of OPIM. “With OP
Luxembourg-based Fiducenter has selected Pacific Fund Systems’ PFS-PAXUS fund administration software.
Fiducenter has a 35-year track-record of delivering a complete range of Corporate Services, Investment Fund Services and Asset Management Services to clients.
PFS-PAXUS offers a complete back-office fund accounting, portfolio valuation, fund pricing and transfer agency administrative solution on a single, fully integrated system that satisfies the needs of the most sophisticated fund administrators.
PFS-PAXUS will assist Fiducenter with their fund operations by providing core fund accounting and administration functionality designed to meet the requirements of the fund services offered, by supporting the administration of all manner of open
Commcise, a provider of integrated commission management, research evaluation and reporting solutions for investment management firms, has appointed Melissa Umans (pictured) as Director of Business Development in the firm’s New York Office.
In this newly created role, Umans will focus on growing existing relationships and expanding the Commcise presence in the US.
Having previously worked at IHS Markit and Goldman Sachs, Umans brings significant expertise in Research Payment Account management, Commission Sharing Agreement aggregation, interaction management and broker evaluations.
Umans says: “I’m extremely pleased to join a team of highly skilled and talented individuals who understand the industry and how recent
Seven out of 10 (71 per cent) institutional investors anticipate a global equity market correction of more than 10 per cent within 18 months, including nearly half (47 per cent) who expect it to happen within a year, according to new research by Managing Partners Group (MPG).
Only 12 per cent expect no correction at all.
Around a third (32 per cent) of those who anticipate a correction expect it will be up to 30 per cent. Over a third (36 per cent) expect a drop of between 10 per cent and 15 per cent and nearly another third (28
REX Shares, LLC (REX), a provider of alternatives strategy funds and ETFs, has partnered with Brian Kelly, founder and CEO of BKCM (BKCM) and an investor in REX, to develop a line of ETFs and other funds designed to give investors exposure to the blockchain technology, cryptocurrency, and digital assets sectors.
Kelly will serve as a portfolio manager for the suite of funds.
REX and BKCM see a large demand for regulated investment products that give exposure to the potential value creation taking place with the evolution of cryptocurrencies and blockchain technology. REX Shares founder and CEO Greg King is
