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Fiona Le Poidevin (pictured), Deputy Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry – explores why conditions are right to consider re-domiciling or co-domiciling funds in Guernsey.
The global financial crisis initially came to a head in 2008, yet more than three years later and the wave of repercussions continues, particularly in the Eurozone but also through the ongoing worldwide economic downturn.
Guernsey has proved extremely resilient but as a leading international finance centre, the Island cannot be completely immune from these worldwide issues. However, the key indicators are suggesting that Guernsey, led by
Alfi Rogge Partners – a new joint venture between Rogge Global Partners and Alfi Partners – has established offices for marketing and client service in both Paris and Geneva in order to develop and service its business in French-speaking Europe and capitalise on the growing demand in the region for global fixed income.
Alfi Rogge Partners is aimed at providing investors in France, Monaco, Belgium, Luxembourg and French-speaking Switzerland with local access to Rogge’s four core areas of expertise: Developed Markets, Investment Grade Credit, Global High Yield and Emerging Markets (Debt and Currency). In addition, Rogge has recently grown its
By Petrina Smyth and Noeleen Ruddy (pictured) – As a leading jurisdiction for the establishment of investment funds and structured finance vehicles, Ireland has seen commodity funds established for many years using regulated Qualifying Investor Funds, ranging from funds investing in precious metals to agricultural crop funds.
Prior to the Finance Act 2011, Irish unregulated fund and structured finance vehicles (SPVs) were only permitted to hold financial assets, and therefore were not an option for commodity funds that were to hold physical assets, as opposed to gaining exposure to the underlying assets through a derivative. The act extended the list
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court order requiring Anthony Eugene Linton of Tucson, Arizona, doing business as The Private Trading Pool (PTP), to pay a total of USD1,776,610 in restitution, disgorgement, and a civil monetary penalty for defrauding investors in a commodity pool Ponzi scheme involving off-exchange foreign currency trading (forex).
The order, entered by US District Court Judge Frank R. Zapata of the US District Court for the District of Arizona on January 30, 2012, stems from a CFTC complaint filed in January 2011, charging Linton with fraud and misappropriation in connection with
The Dow Jones Credit Suisse Core Hedge Fund Index closed up 2.26% in January as all of the component strategies reported positive results.
The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values which enable investors to track the impact of market events on the hedge fund industry.
Convertible Arbitrage proved the top performer returning 3.47%, closely followed by Long/Short Equity (3.21%). At the other end of the scale, Fixed Income Arbitrage (0.93%) and Managed Futures (0.95%) recorded the smallest increases.
Eurofin Capital, the Lausanne and London based privately owned investment company has acquired NAU Capital, a multi-strategy hedge fund based in London.
The Board of Eurofin Capital Ltd the London based FSA Authorised asset management company is pleased to announce that approximately EUR90 million of assets under management will be transferred to Eurofin Capital.
NAU Capital manages two separate funds, The NAU Fund and the Plurima Nau Fund and these two strategies compliment the fund of fund and single strategy funds already managed by Eurofin Capital.
The 8 man team at NAU Capital have joined Eurofin Capital and
Sal Naro, former co-managing partner of Sailfish Capital, a USD4.4 billion asset management firm with approximately USD2 billion in hedge fund assets, is launching Coherence Capital Partners LLC (Coherence Capital).
Naro was most recently a shareholder in and Vice Chairman of Jefferson National Financial Corp. and Chief Executive Officer of Jefferson National Asset Management. The creation of Coherence Capital Partners LLC is the result of a management buyout of Jefferson National’s core insurance unit. He will now be Chief Executive Officer of Coherence Capital Partners LLC, which will be a registered investment adviser.
Coherence Capital will manage traditional and
In a new report, OTC Derivatives in Asia and Latin America: Evolution and Regulation, Celent discusses the evolution of trading and regulatory infrastructure in the OTC derivatives markets in Asia and Latin America. These two regions are the main growth engines in the emerging markets, and hence it is important to understand the current scenario for OTC derivatives trading.
The Asian OTC derivatives market is much larger than its Latin American counterpart. For example, Singapore is the leading OTC interest rate derivatives market, with USD35 billion in average daily turnover in April 2010, followed by Hong Kong (USD18 billion), Korea
SEI has been selected by Asset Value Investors (AVI) to provide full fund administration and trustee and custodial services for the investment manager’s new Irish Qualified Investment Funds (QIFs).
AVI, a London-based global manager, launched the QIFs to offer its investors a regulated product while still being able to maintain the flexibility of its investment strategies.
Among the key reasons AVI selected SEI was the company’s Manager Dashboard technology, which provides both aggregated and detailed views of data across multiple product lines via a secure website. The Manager Dashboard also provides AVI with analytical tools to enhance its
Alvine Capital, an independent London based alternative advisory firm, has appointed Alexander Münster Dahl as Client Relations Manager. Münster Dahl joins from Institutional Investor where he was responsible for the expansion and maintenance of Institutional Investor’s place in the Nordic market.
In his new role, Münster Dahl will develop Alvine Capital’s position in the Nordic market and deepen its relationships with existing and potential clients in the region. Alexander will be based in London and will report to Alvine Capital’s Managing Director Thomas Raber.
Thomas Raber, Managing Director of Alvine Capital, says: “This is a welcome addition to the team
