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By Philippe Matélic, Director, Regulatory Compliance Team, Kinetic Partners (Luxembourg) Management Company – How to connect your ideas to the market: The fund industry is constantly generating new ideas. But, as in other industries, each needs to move through from creation, to production and then distribution. For the fund management industry, this focus on distribution is equally key.
For fund managers based outside of the European Economic Area (EEA), balancing the challenge of navigating each EEA State’s current regulatory requirements versus structuring to operate on a level playing field across Europe is a looming decision.
Where do you want to
Arrow Capital Management has received all necessary approvals of applicable securities regulatory authorities to complete the purchase of BluMont Capital Corporation from Integrated Asset Management.
BluMont is the manager of the Exemplar Global Agriculture Fund, the Exemplar Global Infrastructure Fund, the Exemplar Leaders Fund, the Exemplar Timber Fund, the Exemplar Yield Fund, the Exemplar Canadian Focus Portfolio and the Exemplar Diversified Portfolio.
Arrow will continue to use the Exemplar Funds brand for its actively managed prospectus offered mutual funds.
Effective immediately, James McGovern (pictured), chief executive officer of Arrow, and Robert Maxwell, chief financial officer of Arrow, will
As the hedge fund industry matures most managers are increasingly focused on growth, according to EY's seventh annual survey of the global hedge fund market.
However, the survey shows that while managers want to grow through new products and distribution channels, investors aren't necessarily planning to increase their investments.
"Managers are bullish about their growth prospects, but investors don't seem to share that sentiment," says Joseph Micallef, financial services partner and Canadian asset management industry tax leader at EY. "Our survey found the majority of investors – 72 per cent – expect to maintain their current allocation levels."
Two former ICBC Credit Suisse Asset Management (International) portfolio managers have started their own hedge fund to invest in China in a clear sign that Beijing's new reform agenda is drawing investors.
Genesis Capital Investment, founded by Kang Hao, the former head of investment for ICBC Credit Suisse Hong Kong and portfolio manager Jimmy Weng, will start trading by end of this month and aims to raise about USD100 million next year.
The launch comes after last month's government plenum, in which China unveiled its boldest economic and social reforms in nearly three decades to put the world's second-biggest
Vichara Technologies, a provider of valuation and risk management solutions for structured finance, has integrated its V* CLO solution with Markit’s pricing services.
The collaboration between Vichara and Markit will allow mutual clients to access Markit’s pricing service within Vichara’s platform.
Markit will provide daily pricing feeds for leveraged loans, corporate bonds, CLOs and loan mapping services within the V* CLO framework for immediate data access.
The V* platform allows for forecasting, valuation and analysis of CLOs, CBOs, CDOs and other corporate-credit-linked securitizations to improve investors’ decision support, risk management, surveillance, and accounting procedures.
“Markit’s bond and
Eiffel Credit Opportunities, a long-short sector focused European credit fund, will be replicated in a new cell on the Sciens Managed Account Platform.
Eiffel Credit Opportunities is a long-short European credit fund which makes discretionary investments in credit instruments of European corporate and financial institutions, using bonds, loans and CDS.
The strategy, which will be replicated in a cell on the Sciens platform, relies on a bottom-up, research-driven approach for credit selection reviewing a wide universe of potential managers to focus on a very select group. The strategy’s portfolio will consist of a limited number of high conviction catalyst-driven
The Guernsey Financial Services Commission (GFSC) has released a new set of rules which form an opt-in regulatory regime of measures equivalent to the Alternative Investment Fund Managers Directive (AIFMD).
The AIFMD Rules, 2013 have been published on the GFSC’s website and take effect from 2 January 2014.
Fiona Le Poidevin (pictured), chief executive of Guernsey Finance – the promotional agency for the island’s finance industry, says: “The introduction of the opt-in regime means that we have another piece of the jigsaw in place to ensure that Guernsey funds can continue to be distributed to both EU and non-EU
TAIFEX, the Taiwan Futures Exchange, and Eurex Exchange, the international derivatives marketplace and part of Deutsche Börse Group, plan to launch the Eurex/TAIFEX Link on 15 May 2014.
With this link, Eurex Exchange will list TAIEX futures and options as daily expiring futures on Eurex Exchange. Derivatives on the TAIEX index are one of the most heavily traded Asian equity index contracts.
The cooperation has also been approved by Taiwan’s regulator Financial Supervisory Commission.
Dr. Fan, chairman of TAIFEX, says: “We are excited about our tie-up with Eurex and the launch of the Eurex/TAIFEX Link, which enables global
Alternative asset management company Tradex Global Advisors has appointed K Daniel Libby as senior portfolio manager.
Libby will play a significant role across all of Tradex's internally managed hedge funds and fund of hedge fund portfolios.
"We are delighted that Dan has joined us. We've known him by reputation and have followed his performance for many years. Dan is a seasoned portfolio manager who has stellar records in fixed income and mortgage products in all market cycles, including during the most stressful periods in recent memory," says Michael Beattie, one of the firm's founding partners and its chief investment officer.
"Tradex's focus
GMEX Technologies has launched Global Reporting Company Limited (GRC) in partnership with Paris based regulatory and market infrastructure advisory firm CoDiese.
GRC offers firms an end-to-end solution to address regulatory trade reporting requirements imposed by G20-led reforms to the derivatives markets with a focus on corporate and buy side client needs.
These reforms are being enacted in Europe through the European Market Infrastructure Regulation (EMIR) and come into force on 12 February 2014. They will require the mandatory reporting of both listed and OTC derivatives trades and apply to all types of market participants including corporate entities and investment
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