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Clearstream has issued the Domestic Markets Monitoring Report to support depositary banks in managing their new obligations as stipulated by the Alternative Investment Fund Manager Directive (AIFMD).
AIFMD enters into force on 22 July 2014, imposing tight restrictions on the regulation and supervision of AIFMs to ensure greater market transparency and increased investor protection.
The directive directly affects depositary banks offering custody services on behalf of alternative investment funds. These institutions will be required to provide a general oversight of the fund’s investment activities to keep custody risk in a market or a sub-custodian under control. In the event
Genzo Kimura, Economist, SuMi TRUST, looks at whether Japan can finally move out of deflation…
Much scepticism remains among foreign investors as to whether Japan will ever be able to move out of deflation. However, recent GDP statistics released by the Cabinet Office show that the key deflation indicators, deflators, are now at the point of no decline at 0.01% when compared to the same period last year. This is a small but highly significant move.
GDP deflators can be divided into two groups; the domestic deflators and trade deflators. The domestic deflators have already reached 0.7% over 2013 which
IntercontinentalExchange Group (ICE) is to proceed with an initial public offering (IPO) of the ordinary shares of Euronext NV, the pan-European exchange group.
Euronext’s ordinary shares are intended to be listed on Euronext Paris, Euronext Amsterdam and Euronext Brussels.
Euronext intends to list on Euronext Lisbon after the IPO and before the fourth quarter of 2014.
Euronext is the holding company of a pan European exchange group which operates equity, fixed income and derivatives markets in Paris, Amsterdam, Brussels and Lisbon.
Euronext has also applied for regulatory approval to operate Euronext London as a recognised investment exchange
NewAlpha Asset Management has announced the fifth and final incubation partnership between French seeding fund Emergence Performance Absolue and BlueHive Capital.
Like its previous two investments, Emergence invested at the inception of the BlueHive Opportunities – Global Alpha, giving it an institutional visibility and sufficient size to meet the needs of French and international institutional investors.
Authorised under the new AIFM Directive, this new fund invests in various Event driven strategies, including special situations and M&A situations.
The investment process, which has been implemented since 2005 at Natixis CIB by BlueHive’s founding partners, researches investment opportunities in listed
Members of the Dutch alternative investment community came together for an evening of networking and food at the Hilton Skylounge on 22 May, raising EUR14,000 for children’s charities in the process.
An international crowd was in attendance, with a number of leading Dutch hedge funds, expat professionals and attendees who had flown in from overseas.
Guests mingled with international football star Bryan Roy and Kanaka Ghana, as well as charity founder Christiana Frimpong. Roy, former UEFA cup winner and current head of Ajax Reserve, auctioned off a unique opportunity for a sports clinic with himself and international Dutch player,
Certain commodity pool operators (delegating CPOs) delegating investment management authority to registered CPOs (designated CPOs) will be able to request relief from CPO registration using a new “standardized, streamlined approach”.
The Division of Swap Dealer and Intermediary Oversight (DSIO) of the US Commodity Futures Trading Commission (CFTC) has issued a letter which does not in and of itself provide CPOs with registration relief.
Instead, the letter sets out the steps a delegating CPO meeting the criteria in the letter should use to request expedited relief from CPO registration.
Cordium notes that the criteria generally track requirements set out
Will gold shine for the private investor in 2014
If the first quarter of 2014 was anything to go by, gold could prove an interesting investment opportunity this year. We’ve already seen values recover from the sell-off of 2013 to register strong gains since the start of the year.
Recently launched operational solutions firm QT Advisors is helping a number of hedge fund clients prepare for institutional investor-led operational due diligence (ODD) reviews.
QT Advisors founder Quentin Thorn (pictured) says: “Many hedge fund COOs are keen to make the ODD process efficient for themselves and the investor reviewing them. As a result, independent practical feedback and suggestions can be invaluable in terms of preparation and rectifying areas for improvement.
“Too often managers are visited by investors and never hear back as to why they did not progress towards allocation. We appreciate that managers are not perfect and investors
Lord, Abbett & Co LLC ("Lord Abbett"), an independent investment management firm, this week announced that it had launched Passport Portfolios to provide non-US institutions and non-US resident investors with access to select Lord Abbett fixed income investment strategies through a suite of UCITS funds.
The strategies available include:
Lord Abbett Short Duration Income Fund
Lord Abbett High Yield Fund and
Lord Abbett Strategic Income Fund.
The portfolios are listed on the Irish Stock Exchange. Arbour Partners has been appointed to support distribution of the Passport Portfolios in Europe. Founded in 1929, Lord Abbett is now increasing its footprint as
The Commodity Futures Trading Commission’s acting chairman Mark Wetjen and commissioner Scott O’Malia have announced three actions to benefit utility special entities, further consider certain hedging practices for commercial market participants, and promote end-user trading on swap execution facilities (SEFs) and designated contract markets (DCMs).
Wetjen says: “I am pleased the Commission is acting to address the impact the special entity de minimis threshold is having on utility special entities and the markets in which they operate and to further consider the appropriate treatment of hedging practices in the marketplace today.
“I am equally pleased that the Divisions are
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