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New York-based SecondMarket, a marketplace and auction platform for alternative investments, has launched operations in Israel.
SecondMarket will introduce its private company stock market into the Israeli private company sector, providing Israeli companies with the tools to access capital and facilitate secondary liquidity for shareholders.
“Israel is an entrepreneurial hotbed and we are excited to work with the country’s most dynamic private companies,” says SecondMarket founder and chief executive Barry Silbert. “Our private company market allows companies to provide secondary liquidity to shareholders in a controlled environment where the companies dictate the parameters of the market. Our model has been
Sungho Im (pictured), Head of the Global Portfolio Management Team at Mirae Asset Global Investments, believes that investors looking to capitalise on the rise of the Asian consumer should look beyond obvious sectors, such as consumer staples and discretionary, to areas such as the internet, healthcare, new financial services and education.
Much attention has recently been focused on the emergence of a new breed of consumer in Asia. The OECD forecasts that more than half the world’s ‘middle classes’ could be in Asia by 2020, and Asian consumers could account for over 40 per cent of global middle class consumption.
FRM Capital Advisors, the hedge fund seeding division of Financial Risk Management, has formed a relationship with Sensato Capital Management which involves FCA investing up to USD50m with Sensato.
Sensato was founded in May 2009 by the former co-heads of active equity strategies at Barclays Global Investors, Ernest Chow and Jonathan Howe.
Sensato builds on the pair’s experience at BGI, adopting a fundamental, quantitative approach to investing in Asia Pacific equity markets that is designed to deliver compelling returns while avoiding concentration risk, macroeconomic risk and beta risk.
FCA’s investment will provide Sensato with additional investment capital and the
Companies worldwide are adapting their investor relations strategies to enhance their outreach to hedge funds and sovereign wealth funds, according to an annual survey conducted by BNY Mellon.
The study also reports that 22 per cent of respondents are contemplating a secondary stock listing to attract investors in high growth markets, most notably China and Hong Kong.
Developed as a benchmarking tool for BNY Mellon’s depositary receipt clients, the survey, Global Trends in Investor Relations, looks at how publicly traded companies are managing their IR practices – from guidance and disclosure policies to sell-side approaches and growing interest in social
The Securities and Exchange Commission’s asset management unit has been investigating whether hedge fund managers have overvalued assets in “side pockets” and then charged investors higher fees based on those inflated values.
A side pocket is a type of account that hedge funds use to separate certain illiquid investments from the rest of their portfolio.
Investors are typically not permitted to redeem their interest in a fund with respect to assets allocated to a side pocket until such assets have been liquidated or reallocated to the general portfolio by the investment manager.
According to a report on Pillsbury’s investment
Structured investment provider Incapital Europe has launched an initiative to promote understanding of the products among financial advisers through an educational masterclass staged at locations throughout the British Isles.
The masterclass, which has been developed with input from the Institute of Financial Planning and is free to attend, is being staged at a total of 24 locations in a programme lasting until November 5.
The organisers say the events offer an overview of the structured investment industry, explain how structured investments work – including consideration of critical areas of advisers’ due diligence such as counterparty assessment – and provide
New technologies are helping fund boards operate more efficiently and effectively. Simon Small (pictured), managing director for licensing in Europe at Diligent Boardbooks, explains why the fund industry is waking up to the transformative potential of cloud computing in the boardroom.
As a result of global events over the past two years, the importance of good governance is more firmly in the spotlight than ever before. Company boardrooms in every sector are now subject to ever more rigorous compliance directives and procedures, which mean more paperwork and more information to compile, process and digest. Nowhere is this change felt more
Morgan Stanley has cleared over-the-counter interest rate swap transactions for clients of the firm at the Chicago Mercantile Exchange.
Trades were cleared on the first day of operation of the CME Clearing service for interest rate swaps.
This follows the previously announced clearing of client OTC credit default swap transactions at CME’s CDS clearing service.
“Morgan Stanley has been a pioneer in the OTC clearing space over the last ten years initially in the dealer-to-dealer market and now in the dealer to client space. We strongly support the drive toward more central clearing of OTC derivatives as a means to
UCITS funds enjoyed a solid Q3, helped in part by global equity markets rebounding, according to the latest quarterly industry report compiled by UCITS Alternative
Barclays Capital has decided to launch the UCITS III-compliant Hedge Fund Replicator Fund in order to provide its investors with regulated, transparent exposure to hedge fund strategi
