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Carey Group has become the first listing agent in the world not based in the Cayman Islands to become a Cayman Islands Stock Exchange (CSX) listing agent.
Being based in the same time zone as London gives the Carey Group Guernsey team a significant advantage over all other CSX listing agents with respect to servicing European and MENA based clients.
As both a listing agent of the CSX and a listing member of the Channel Islands Securities Exchange (CISE), Carey Group’s Guernsey fund services business now has the unique capability to offer clients the choice of two recognised stock exchanges.
Alternative UCITS funds absolute were slightly down in July with the UAI Global index losing 0.33 per cent according to Alix Capital, the index provider.
Commodity and equity focused funds were the hardest hit because of challenging conditions in their respective underlying markets – the DJ UBS Commodity Index fell 4.99 per cent and the MSCI World fell 1.67 per cent. As a result, the UAI Commodity lost 1.45 per cent in July while the UAI Long/Short Equity was down 0.66 per cent, the UAI Event Driven lost 0.59 per cent and the UAI Equity Market Neutral lost 0.45 per
Dean Newman (pictured), Head of Emerging Markets Equities at Invesco Perpetual, comments on a perceptible shift in economic power due to emerging markets’ growing share in global GDP…
Since the Bretton Woods agreement in 1944, the world’s economic order has been US-led, highlighted by Washington being the location for global institutions such as the International Monetary Fund (IMF) and the World Bank. However, times are changing and new rising economic powers are questioning the current status quo.
A couple of weeks ago the leaders of Brazil, Russia, India, China and South Africa (BRICS) met at a summit to agree
A total of 34 Guernsey Alternative Investment Fund Managers (AIFMs) have utilised Guernsey’s National Private Placement (NPP) regime to market Alternative Investment Funds (AIFs) into Europe, as of 31 July, 2014.
The figures from then Guernsey Financial Services Commission (GFSC), which solely reflect marketing into Europe by Guernsey AIFMs and not that by European Economic Area (EEA) AIFMs, reveal that the 34 managers promote investment funds into one or more EEA Member States. These cover 15 of the 27 jurisdictions with whom Guernsey signed bilateral cooperation agreements in July 2013 ahead of the Alternative Investment Fund Managers Directive (AIFMD) coming into
Fortress Investment Group has held the successful close of Fortress Worldwide Transportation and Infrastructure Investors (FTAI) at its cap of USD995 million in total commitments.
FTAI was originally raised as a USD395 million fund; this was followed by a subsequent “top up” private capital raise of USD600 million of additional capital commitments.
FTAI brings together a diverse mix of high yielding transportation assets and value-add infrastructure projects. Its portfolio includes aviation, shipping, offshore energy and rail assets and infrastructure, including airplanes, jet engines, shipping containers, intermodal equipment, offshore energy vessels, as well as railway lines, railcars and terminals.
“The environment
Lyxor Asset Management has continued its growth momentum, recording a 7% increase in AuM since the end of 2013 thus reaching EUR 86bn of assets under management.
This success is principally supported by two main factors.
First, Lyxor posted a 14% growth in its ETF Business, ranking No2 in Europe with inflows of EUR 2.5bn. During this period, new ETF equity assets were mainly raised in Emerging Markets and European single country ETFs exposed to Italy, the UK and Spain. In Fixed income, main inflows went to Euro Government bonds and Euro High Yield.
Second, Lyxor also posted a 3%
Market abuse was a key priority for Financial Conduct Authority (FCA) enforcement in 2013, according to research by Kinetic Partners.
During the year, the FCA fined firms and individuals a total of GBP346,373,924 for market abuse related breaches.
Kinetic Partners’ research also found that market abuse was the second most cited offence among fines filed against either firms or individuals, numbering nine for the year – behind unfair treatment of customers, which accounted for ten fines.
However, despite fewer actions being taken against market abuse, such breaches accounted for a greater share of the sum total of fines
Old Mutual Global Investors has marked the anniversaries for two of its funds managed by Ian Heslop, Amadeo Alentorn and Mike Servent.
The USD1,422 billion Old Mutual Global Equity Absolute Return Fund celebrated its fifth anniversary and the USD103 million OM Arbea (Hedge) Fund was one year old.
In the last 12 months, the assets under management of these two funds have grown by USD1.3 billion. The Old Mutual Global Equity Absolute Return Fund has returned 3.9 per cent, 9.0 per cent and 7.0 per cent annualised over one three and five years respectively, whilst the OM Arbea hedge Fund
The twenty-page report on Emerging Markets, authored by the Mirae Asset senior investment team led by CIO José Gerardo Morales, CFA, reflects back on the first half of 2014, in addition to providing insights for various regions for the remainder of 2014.
The report states that emerging market equity performance has differed somewhat from consensus predictions. Emerging market equities, as measured by the MSCI Emerging Markets Index, returned 6.1 per cent as of mid-year, due to falling U.S. 10-year yields, the relative attractiveness of emerging markets versus European yields, and elections in Turkey, Brazil, India and Indonesia. Mirae Asset contends
Back in February this year, buy-side institutions and their bank counterparts were required to start reporting portfolio trade positions under EMIR (European Market Infrastructure Regulation). Bloomberg moved quickly to provide its EMIR reporting solution under this first phase of reporting and is now gearing up to support customers as phase two of EMIR approaches: namely, valuation and collateral reporting, which commences 11 August 2014.
Like the trade reporting requirements introduced back in February, both the fund manager and broker/dealer will be required to report the valuations of all derivative trades to an appointed trade repository at the end of each
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