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A small, but strategically located jurisdiction, Malta has successfully adapted its infrastructure, services and regulation to remain attractive as an international financial hub. As the financial industry continues to push the boundaries of innovation, Malta seeks to keep pace with managers looking to bring new products to market and meet their needs in terms of service, administration and compliance.
PARTNER CONTENT
By Anabel Mifsud
Managing Director, Fexserv Fund Services
Managing family wealth or venture capital in a structured manner has become more popular in recent years.
The best structures to use depend on asset protection mechanisms, tax and succession planning, jurisdiction, and so on. Family offices have historically used trust or foundation structures, maybe combined with special purpose vehicles, to hold and manage wealth. Such special purpose vehicles will, in turn, own assets like land/real-estate, trading companies and private businesses, securities and even super yachts, aircrafts, fine art and so on – thus could require very bespoke asset
PARTNER CONTENT
By Aronne Debono
Head Business Development & Corporate Services, BOV Fund Services Limited
Over the years, Malta has been experiencing strong and consistent growth in its financial services industry and despite its size, is fast becoming the jurisdiction of choice. Thanks to its innovative fund structures within the alternative space as well as those targeting sub-threshold asset managers, the cost competitiveness and the regulator’s (the Malta Financial Services Authority) charter that ensures regulatory timeline efficiencies, Malta is now competing with international leaders in this space.
What renders Malta an excellent jurisdiction for relocation and domiciliation is its ability
Oil trader Pierre Andurand’s main hedge fund, the Andurand Commodities Discretionary Enhanced Fund, which makes leveraged bets, fell by another 7% this month, taking year-to-date losses to a record 51%, according to a report by Bloomberg.
Davidson Kempner Capital Management is reviewing its decision to provide Indian ed-tech firm Byju’s with a $250 million loan, amid a deepening crisis at the firm, and to date, has not fully disbursed the funds, according to a report by Bloomberg.
The report cites unnamed sources as revealing that Davidson Kempner, which is one of the world’s biggest hedge fund firms with more than $38 billion in assets under management, has so far provided less than half of the $250 million of convertible debt it originally offered, as the Indian startup has failed to meet some loan agreement covenants.
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Gresham Investment Management managing director and head of the New York hedge fund’s systematic product strategy, Irene Perdomo, has joined Dubai-based Ocean Leonid Investments as co-head of the proprietary trading firm’s systematic strategies.
Perdomo who spent the past three years at Gresham, started her career at Barclays in 2009 as a vice-president of commodities, before moving to the metals trading desk of Noble Group in June 2012. She left Noble in August 2013 to co-found hedge fund Devet Capital.
Perdomo will be based in London in her new role at Ocean Leonid, which has been registered as an investment firm
Versor Investments, a quant investment firm focused on liquid alternatives, has launched the Versor Equity Prism Strategy, which invests in single name stocks and equity index futures across the globe in a market-neutral fashion, to outside investors.
The strategy, which the firm started incubating with partner capital in January of 2022, utilises alternative data, machine learning, and artificial intelligence.
Since its founding in 2014, Versor has employed these technologies, as well as traditional data sources, to identify investment opportunities across global markets. However, Versor Equity Prism places an increased emphasis on the use of Versor’s proprietary methodologies related to these
Alpha Theory, a portfolio management and decision-processing platform for the global alternative investment industry, has partnered with FactSet, a global financial digital platform, to provide investment managers with systematic factor exposure data.
In collaboration with FactSet’s Quantitative Analytics team, Alpha Theory has built a five-factor risk model leveraging the company’s Quant Factor Library – a point-in-time database of factor insights, including Value, Growth, Momentum, Volatility, and Beta.
The new dataset combines FactSet’s factor data with Alpha Engine, Alpha Theory’s customisable rules engine, providing investment teams with daily factor exposure and attribution.
Cboe Global Markets is expanding its corporate bond index product suite with two new offerings – new options on Cboe iBoxx iShares $ High Yield Corporate Bond Index futures and Cboe iBoxx iShares $ Investment Grade Corporate Bond Index futures, and extended trading hours for IBHY and IGIB futures.
The new options will be available from 10 July, while the extension to almost 24-hour per weekday trading will happen in the third quarter of 2023.
The $10.4 trillion US corporate bond market includes cash and exchange-traded fund (ETF) markets, with CFE’s IBHY and IBIG as the only exchange-listed futures products
TOP STORY: The founders of Three Arrows Capital are being targeted by liquidators for the bankrupt cryptocurrency hedge fund for the recovery of $1.3 billion, the amount the allegedly racked up in losses prior to the last year’s collapse of the firm, according to a report by Reuters.
