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With the environment still challenging for fundraising, Fiona Le Poidevin (pictured), Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, explores the options for managers.
The current economic climate remains a challenging one from a fundraising perspective.
Guernsey, like elsewhere in the world, is not detached from this reality. However, despite this landscape, the jurisdiction continues to demonstrate its popularity as an international finance centre and as a leading funds destination for promoters, managers and investors.
Figures from the Guernsey Financial Services Commission (GFSC) show that the total value of the funds business in Guernsey
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for April 2013 measured 1.44 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.63 per cent in May.
“Subscriptions outpaced redemptions for the month of May, whereas capital activity volume was generally down from prior month levels,” says Bill Stone, chairman and chief executive officer, SS&C Technologies.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the ninth business day of each month it provides a flash estimate of the
UK Chancellor George Osborne’s closing remarks from the G7 Meeting in Aylesbury…
It is a privilege to host the main meeting of the G7, and to welcome our colleagues and counterparts to the beautiful British countryside. I think we can say we’ve had a successful and constructive meeting.
I said, before the meeting, that I wanted to take the G7 back to its roots as a forum for advanced economies to come together for informal discussions, and that is precisely what we’ve done over the past two days.
We are, of course, meeting at a time when financial market sentiment
April data for the ICAP UK Labour Market indices (UK LMI) shows moderate improvements in the UK labour market.
After four consecutive monthly increases, applications per vacancy fell 1.3 per cent in April. Hiring levels also improved in April, with the ICAP Vacancy Index returning to growth by rising 5.3pts, however the Unemployment Index remains 22 per cent higher than a year ago.
On a month-on-month basis, both permanent and temporary vacancies grew in April (+2.0 per cent and +2.8 per cent), continuing the increases from March.
On a year-on-year basis, both permanent and temporary vacancies also
Even with the recent drop in gold prices, many hedge funds and analysts believe gold is still a good investment and the best store of value.
Paul Singer, founder and president of the Elliot Management, which manages over USD22bn in assets, is still one of the believers in the yellow metal.
“We remain unconvinced that genuine normalisation of global economic and financial conditions has been achieved,” says Singer in a recent interview with Bloomberg. “There is only one store of value and medium of exchange that has stood the test of time as ‘real money,’ and that is
DataArt has released free Form PF software to create a more efficient and reliable filing process for hedge funds.
Form PF is a regulation requirement for the hedge fund industry involving collecting, aggregating and validating filing data.
DataArt’s free Form PF software simplifies the implementation of automated filings for the creation, editing and approval of the form.
Features for either in-house integration or individual application usage include:
• Intuitive and user-friendly application
• Report sharing between multiple users
• Data validation
• FAQ: Instructions and Q&A from SEC
• User notes functionality for specific questions (for hedge
Both the number of Alternative UCITS funds and assets under management grew in the first quarter of 2013 according to the Alceda Quarterly UCITS Review, produced by leading independent structuring specialist Alceda Fund Management S.A.
Tracking the Absolute Hedge Global UCITS Index, the Alceda UCITS review revealed that the sector advanced 2.56 per cent in Q1 2013. Assets under management stood at EUR96.6billion in March 2013, a 5.1 per cent rise over the first quarter, including the addition of 11 new funds.
All alternative UCITS strategies recorded positive performance in Q1 2013, making it one of the best quarters on
Risk managers are at times advising portfolio managers to take more risk, which – especially in the aftermath of large market events and subsequent de-risking – marks a milestone in the hedge fund industry’s move toward the integration of risk and return management.
That was one of the chief findings at the inaugural Risk Summit, which drew more than 115 attendees from asset allocators and managers, and featured a panel of financial experts including Richard Hoey (pictured), chief economist of BNY Mellon and The Dreyfus Corporation.
Summit panel moderator Tatiana Segal, head of risk management for Skybridge Capital,
In light of continual struggles from European fund managers to comply with the impending AIFMD directive, Nicola Smith, chief executive of hedge fund administrator Helvetic, says that plans by the European Commission to introduce liquidity buffers and leverage caps on financial firms have come at the most inopportune time.
Smith (pictured) states the managers and service providers need to focus their efforts on the implementation of AIFM passports, and therefore require the support of the European institutions, and clear guidance from national regulators, to do so.
“The lack of detailed information, combined with the delays from ESMA, has
The impact of new regulations in the financial services industry is by far the most important systemic-risk concern facing the global capital markets, according to a recent client survey conducted by The Depository Trust & Clearing Corporation (DTCC).
The survey revealed that 82 per cent of industry leaders ranked meeting new regulatory requirements as a top concern in mitigating systemic risks.
“Given the massive scope of Dodd-Frank, CPSS IOSCO, Basel III and other new or enhanced regulations, the tremendous commitment of time and resources necessary to build and maintain compliance structures is clearly keeping people up at night,”
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