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The Cyprus Investment Funds Association (CIFA), a representative industry body of over 230 members based in Cyprus, has become an associate member of the International Capital Markets Association (ICMA).
ICMA, the association for the global sell-side and buy-side industry, will support the development of Cyprus’ position as an emerging European funds jurisdiction.
CIFA’s affiliation with the ICMA follows its upgrade to full member status of the National Association of the European Fund and Asset Management Association (EFAMA), granted in June 2016.
CIFA’s accession to the ICMA follows a number of recent measures that have enhanced the legislative and
Hedge fund managers are feeling the pressure from changing investor demands, with 48 per cent of investors globally expecting to shift their investments from traditional hedge funds to other alternative products over the next three to five years, according to an EY survey.
"Hedge funds are experiencing slow growth globally," says Fraser Whale, EY's Canadian alternative funds leader. "With an abundance of low-fee investment options and savvy investors pushing for fee transparency, we're seeing a bit of a fight for growth, in Canada, too. Investors have more options than ever in the alternatives marketplace, and fund managers really need to
Perhaps it is apt that Protégé Partners, LLC is located above the world-renowned Museum of Modern Art in New York given that its modus operandi is to find the best and most creative talents in the hedge fund industry.
Some seed investors look for portfolio managers with proven skills in investing, not running businesses or dealing with clients.
"We want them to do all three. We want them to be great portfolio managers/analysts, great at running a business, great at dealing with clients: we want the whole package. We are looking for Renaissance men and women who are multi-talented," says Jeffrey
Global Advisors Investment Fund (GABI) has been admitted to the Official List of the Channel Islands Securities Exchange (CISE), becoming the first regulated bitcoin fund to be listed on any exchange globally.
The CISE has approved the admission to listing of all of the redeemable participating no par value shares of the open ended fund, which is managed by Global Advisors (Jersey) Limited.
GABI was launched in 2014 as the world’s first regulated bitcoin fund when it received certification as an Expert Fund from the Jersey Financial Services Commission.
Its listing on the CISE means that it joins
SS&C Technologies, a provider of financial services software and software-enabled services, has acquired Conifer Financial Services, an independent asset services firm, for an aggregate purchase price of USD88.5 million.
Senior management of Conifer will continue to lead the business.
Conifer has 200 clients worldwide representing USD110 billion of combined assets under administration (AUA). Headquartered in San Francisco and with offices in New York, Singapore and Nova Scotia, Conifer services pensions, endowments, foundations, family offices, RIAs, traditional asset managers, private equity and hedge funds.
The acquisition strengthens SS&C's market position on the West Coast and provides a wider array
Man Group is marking the 25th anniversary of Man FRM, a global alternatives investment specialist with USD12.8 billion of funds under management.
FRM was founded in 1991 in London as a hedge fund research consultancy and in 1997 launched its first client partnership solution and its flagship commingled portfolio product.
In 1998 the firm expanded into managed accounts to better serve clients and the firm’s own investment needs. In 2000 it was behind the development of the MSCI hedge fund indices in collaboration with Morgan Stanley.
In 2012, FRM was acquired by Man Group and combined with the
BNY Mellon has migrated its clients’ assets to direct accounts with Monte Titoli, using its connection to TARGET2-Securities (T2S).
As a directly connected participant (DCP) to T2S, BNY Mellon will settle transactions in listed securities, such as equities and fixed income with Monte Titoli.
BNY Mellon will also provide clients with portfolio servicing activities, including corporate actions, income processing, tax and proxy voting. Previously BNY Mellon settled transaction in the Italian market through sub-custodian services.
Monte Titoli is the authorised central securities depositary (CSD) for centralised administration, settlement and ancillary services in the Italian market.
“We are
Global fund administrator FundBPO has opened an office in Malta which will be headed by new hire Malcolm St John.
St John has more than 15 years of fund services experience, most recently with Apex Fund Services and HSBC.
The office opening follows FundBPO’s receipt of a Recognition Certificate from the Malta Financial Services Authority to act as a fund administrator in Malta.
Malta is an emerging jurisdiction for the formation and administration of funds in the European Union, with a net asset value of EUR10 billion in over 500 locally based funds.
FundBPO (Malta) Limited’s new
Triad Securities is expanding into the Boston area with the hiring of Tom Landsbergen as director, prime brokerage sales.
Landsbergen (pictured) has over 22 years' experience in the prime brokerage industry.
Before joining Triad, he was responsible for prime brokerage sales and client service for JP Morgan and Bear Stearns in New England and Canada for 16 years. Prior to that, he held various positions with the prime brokerage platforms of Furman Selz/ING Barings. Landsbergen has extensive experience assisting clients on financing, clearing, recruiting, marketing, service provider selection, investor relations, and treasury functions.
"I am excited to join Triad,"
BlackRock is to lead the next funding round in iCapital Network, a financial technology platform focused on democratising access to alternative investments for high-net-worth investors and their financial advisers.
Frank Porcelli, chairman of BlackRock’s US wealth advisory business, is to join iCapital’s board of directors and will work closely with the organisation as a strategic adviser.
Individual investors remain significantly under-allocated to alternative investments relative to institutional investors, but are increasingly exploring the critical role alternatives can play in state-of-the-art portfolio construction. iCapital’s online platform facilitates access to private investment opportunities through an independent origination and due diligence process that prioritises
