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A survey of professionals working in Malta’s financial services industry carried out by Managing Partners Group (MPG), reveals that the clear majority expect the sector to enjoy strong growth over the next five years.
The sector currently contributes just over 12 per cent of Malta’s GDP, but 87 per cent believe this will be higher by 2022, with 70 per cent anticipating it will account for 15 per cent or more.
One of the key reasons behind this growth will be an increased focus on innovation. Some 16 per cent of those interviewed expect product innovation in the Maltese financial
Hedge fund liquidations declined in Q2 2017 as new investor inflows increased total hedge fund industry capital to a record USD3.1 trillion through mid-year, according to the latest HFR Market Microstructure Report.
The number of liquidations fell to 222 in Q2 2017, representing a decline from the prior quarter total of 259, as well as a narrow year-over-year decline from the 239 liquidations in Q2 2016.
Meanwhile, hedge fund launches were steady in Q2 2017, with 180 new funds opening as inflows resumed and total industry capital reached a record. The number of Q2 2017 launches was slightly below
Hedge fund incubator and accelerator Emergence, and NewAlpha Asset Management, the SICAV’s delegated manager, have selected VIA AM as the first investment for Emergence’s new European equities fund.
Launched in June 2017 with a target of EUR300 million, the fund is now closed to subscriptions.
Emergence will put EUR50 million into the fund VIA Smart Equity Europe, the biggest investment made by Emergence since its inception in 2012. The VIA Smart Equity fund was launched in March 2016 and targets long-term outperformance of the MSCI Europe, net dividends reinvested, with a similar risk profile. This injection will take the
DTCC-Euroclear Global Collateral Ltd (GlobalCollateral), a joint venture of Euroclear and The Depository Trust & Clearing Corporation (DTCC), and Lombard Risk, have formed a strategic alliance to drive further improvements in collateral management operations.
Lombard Risk has also joined the GlobalCollateral Partner Program. The first initiative under this alliance will link GlobalCollateral’s Margin Transit Utility (MTU) with Lombard Risk’s COLLINE solution, providing a streamlined and centralised collateral management process across all asset classes.
Under the alliance’s first initiative, Lombard Risk COLLINE users will be able to access MTU message statuses directly from their user interface, enabling a straight-through collateral management process across all asset classes – from entering trades and positions, to managing
Street Diligence, a provider of fixed income analytics software, has launched a new corporate structure offering which is designed to complement the company’s existing buy- and sell-side data and analytics.
The new offering enables credit analysts’ access to the most complex corporate structures, their debt guarantees and a view on subordination risk, augmenting Street Diligence’s existing coverage of specific deal terms and covenant analysis on fixed income securities.
“This is a significant addition for our rapidly growing client base,” says Stephen Hazelton (pictured), Founder and CEO of Street Diligence. In an increasingly competitive investment environment, our clients must seek
Mounting signals that the latest leg of the bond market rally has started to reverse fuelled hedge fund strategies last week. Most recent inflation prints outpaced expectations both in the US and the UK, as consumer prices rose 1.9 per cent and 2.9 per cent year over year in August, respectively.
That’s according to Lyxor’s latest Weekly Brief, which also reveals that Sovereign bond yields rose in developed markets, in particular in the UK, and yield curves steepened somewhat. Meanwhile, equity markets extended their winning streak both in developed and emerging markets.
Such developments have been largely supportive for
After a tough start to 2017, macro UCITS strategies began to recover during the summer months. In line with the broader hedge fund market, performance in this category was led by CTA/Managed Futures funds progressing 1.06 per cent during the month of August, still showing -2.19 per cent YTD losses.
Also the relatively smaller group of Currency Arbitrage UCITS funds showed positive performance for the first time in 2017, advancing 0.47 per cent .
Tracking the average fund performance, the LuxHedge Global Alternative UCITS Index continues to grow at moderate pace with a performance of +0.16 per cent during
Fintech research veteran Amar Rajani has joined the FeedStock Advisory Board, effective immediately.
Rajani is Founder and Managing Director of Argella Limited, an advisory firm specialising in FinTech and with specialist knowledge in the research and regulatory space. Prior to this, he spent the past 17 years at Bloomberg LP, where he was Global Product Manager for their research management business with responsibility for the MiFID II research stream. During this period, he was also a founding member of Bloomberg’s Enterprise Products and Solutions team, as well as manager of several teams including London buy-side.
Charlie Henderson, Managing Director
The total value of funds business in Guernsey grew by GBP4.5 billion (1.6 per cent) during the second quarter of this year, the eighth straight quarter of growth for the sector. The island has not experienced a drop in total funds business value since the second quarter of 2015.
Figures from the Guernsey Financial Services Commission (GFSC) show that, at the end of June 2017, the net asset value of all funds under management and administration in Guernsey stood at GBP271 billion. For the year since the end of June 2016, the total net asset value has increased by GBP23.9
By George Ralph, RFA – Outsourcing your IT support may seem like a luxury in austerity Britain, but it can save time, drive efficiencies and actually give firms a competitive edge. Employees are key stakeholders in defining the perception of a firm, and if they receive a great service when they have an issue with their IT, it will reflect well on the firm’s reputation.
By outsourcing IT support, firms can avoid downtime before it affects business. Reliable partners will make a significant investment in technology to monitor infrastructure, quickly identifying issues and often resolving them before they are brought
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