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Prestige Fund Management (PFM), a Cayman-based investment manager, has purchased a significant equity stake in Methexis Holdings, an Isle of Man-based corporation and owners of Methexis Capital Advisors, a UK-based regulated investment manager.
Prestige will now be represented on both Methexis boards.
PFM is affiliated to Prestige Asset Management, a UK-based FCA regulated investment marketing, administration and structuring boutique, Prestige Capital Management, a Malta-based MFSA regulated investment management firm, and Prestige Asset Distribution, a British Virgin Islands-based international fund distribution firm which has raised over USD500m since 2008.
Founded in January 2010, Methexis Capital Advisors is involved
Omgeo has seen a 47 per cent year-on-year increase in equity and fixed income volumes processed on its post-trade services for the Japanese market.
The increase reflects not only buoyant conditions in the local market since the end of 2012, but also growth in local adoption of Omgeo Central Trade Manager (Omgeo CTM). Omgeo CTM is the firm’s strategic platform for the central matching of cross-border and domestic equity, fixed income, exchange-traded derivative (futures and listed options) and contract for difference trades.
Omgeo now has over 40 of the country’s leading investment managers and broker/dealers using Omgeo CTM,
A slight growth in average UK house prices in Q2 2013 will bring good news to home owners nationwide but the quarterly statistics just released by HM Land Registry should set off warning bells for the Chancellor.
The price of all property in England and Wales has grown 1.3% this quarter to reach an average of GBP242,415. Encouraging, if not for the looming stamp duty crisis which London Central Portfolio (LCP) has repeatedly highlighted. Average prices are edging ever closer to the threshold at GBP250,000 where Stamp Duty leaps from 1% to 3% and a huge tax increase from GBP2,500
Following a strong start in Q1 2013, alternative UCITS funds have continued the positive trend in Q2 2013, with assets under management (AUM) growing by 8.3 per cent from EUR96.6bn in March 2013 to EUR104.6bn at the end of Q2, breaking the EUR100bn barrier for the first time, according to Alceda.
Performance across the UCITS fund sector varied significantly, with investors focusing assets on large, blue chip funds. However, several funds launched in Q1 were able to grow their assets over the second quarter. With many investors looking to UCITS vehicles for improved liquidity, the report also reveals daily
The Australian Securities and Investments Commission (ASIC) has released its market integrity rules on dark liquidity and high-frequency trading.
ASIC has also released guidance on the rules which clarifies ASIC’s expectations of market operators and participants.
“The final rules follow extensive internal analysis and consultation with industry and will improve the transparency and integrity of crossing systems and strengthen the requirements for market participants to deter market manipulation,” says ASIC commissioner Cathie Armour.
“We expect the new rules will quickly lead to changes in the behaviour of market participants, building on the positive changes we have already
Strong investment returns at the start of the quarter faltered after the Federal Reserve signalled that it may slow down its asset purchase programme amid improving economic data, a statement that reverberated through global markets.
Fixed income products felt the full force of market uncertainty, losing the most ground over the second quarter of the year, according to Camradata’s Q2 Investment Products Report (IQ Scores for Pension Fund Universes). Against this backdrop, Scout Investments displayed genuine skill to top the global fixed income universe.
Equities did not escape unscathed as market contortions hit performance. Despite the FTSE All Share
Preliminary figures released by London-based consultancy firm ETFGI in its Global ETF and ETP industry insights report show that global ETF and ETP assets attracted near record net inflows of USD44.08billion through July this year. Coupled with strong market performance, total net assets have risen to USD2.16trillion as at end-July, 2013.
Equity ETFs/ETPs attracted the lions’ share of net inflows, gathering USD41.62billion, of which US funds accounted for USD32.99billion of that figure. Fixed income products attracted more modest inflows of USD5.1billion, suggesting that investors have a more risk-on appetite right now. Within fixed income, the report found that inflation-linked products
Simple Alternatives, an alternative mutual fund company focused on providing investors better access to hedge fund managers, has reported an increase in assets under management of 25 per cent in the first half of 2013.
The S1 Fund is a multi-manager, long/short equity mutual fund.
"Institutional and retail investors have come to embrace ‘liquid alternatives’ recognising the important role in terms of diversification, liquidity, and other desirable characteristics the strategies can serve in a portfolio," says James K Dilworth, Simple Alternatives founder and chief executive. "Growth in liquid alternatives has been driven in a large part by institutional
Kinetic Partners, the professional services firm, has supported Piquant Technologies, a new UK-based quantitative fund manager, to become the first hedge fund authorised according to the Alternative Investment Fund Management Directive (AIFMD).
The directive, which came into force on the 22 July 2013, will change the way EU fund managers manage their alternative investments.
Andrew Shrimpton (pictured), global head of regulatory compliance at Kinetic Partners, says: “It’s extremely rewarding for us to know that we have helped Piquant Technologies become the first hedge fund to be authorised by the FCA according to the EU AIFMD. To this end,
Commodities were higher in July as fundamentals improved for some commodities, supported by positive macroeconomic data.
Nelson Louie, global head of commodities in Credit Suisse’s asset management business, says: "Based on the July Purchasing Managers Index reports, global growth momentum may expand a bit faster in the second half of the year than the first. China may be able to maintain a reasonable pace of growth in the near term, supported by improving external demand, still resilient domestic consumption, a steadily expanding service sector, and incremental growth-friendly policy initiatives. However, caution remains as the Chinese government has been reticent to
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