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Listed hedge fund Man Group saw the price of its shares surge by up to 10% in early trading on Tuesday as news that earning from performance fees last year hit their highest level since before the global financial crisis of 2008, according to a report by Reuters.
The South African hedge fund industry saw growth in assets under management of 30% in 2022 finishing the year with AUM of ZAR113.01 billion (£5.07bn), up from ZAR86.92 billion (£3.89bn) at the end of 2021, according to a report by IOL.
Crescent Capital Group, an alternative credit investment firm, has appointed Jonathan Harari as global head of the firm’s Investor Solutions Group. Based in New York, Harari is responsible for developing and executing Crescent’s strategic sales and marketing plan for clients and assets.
This includes identifying potential new investors, developing and maintaining client relationships, designing new investment solutions and managing Crescent’s investor relations and client solutions team.
Harari brings more than 15 years of investment experience to Crescent Capital. He most recently served as executive vice president at PIMCO based in New York City, where he led business development across large corporate
John Cryan, who has served as a director of Man Group since January 2015 and as chair of the board since January 2020, is to step down towards the end of this year, with Anne Wade, who has served on the board as a non-executive director since April 2020, to succeed him as chair.
On assuming her new role, Wade will step down from her position as chair of the Remuneration Committee but will remain a committee member, and will also assume the role of chair of the Nomination Committee. Man Group says it intends to announce the appointment of
The Standards Board for Alternative Investments has appointed Derek Drummond, fund alpha manager at the State of Wisconsin Investment Board, as the new chair of the SBAI North American Committee.Â
Options Technology, a capital markets services provider, has expanded its existing partnership with Digital Reality to provide services to its customers in Singapore via PlatformDIGITAL, Digital Reality’s global data centre platform.
The partnership will aim to provide customers with cost-effective, low-latency access to multi-asset trading environments, enabling next-generation trading methods including algorithmic trading (AT).
By deploying in Singapore on Digital Realty’s global data centre platform, PlatformDIGITAL, Options is set to provide its 600-plus customers and partners with ultra-low latency trading capabilities.
Options, a long-standing customer and partner of Digital Realty since 2009, is already deployed with Digital Realty in several
Despite the devastation it caused across the financial industry, the crypto winter resulting from the fall of FTX helped highlight the rigour of Gibraltar’s legislation around the way client assets are segregated and protected.
2022 was certainly an eventful year for the fintech sector, including for specialist funds. Globally, jurisdictions, including Gibraltar, have felt a shift within the sector – in large part caused by the shockwaves from the FTX collapse. The past year has set the tone for 2023 and forced jurisdictions worldwide to plan long-term solutions to maintain customer trust. It is a dynamic space that can certainly be difficult to keep up with.Â
The Dual Regime in Gibraltar has given the jurisdiction a number of post-Brexit freedoms many in the UK funds industry will look at with envy. In tandem, the formal realisation of the Gibraltar Authorised Regime (GAR) will provide the domicile with a unique opportunity, compared to other European fund centres, as it builds out market access with the UK.
Gibraltar’s geographic position makes it strategically important. That is also the case in the context of financial services. Gibraltar left the European Union with United Kingdom and is now the only jurisdiction in the world that continues to have a common market with the United Kingdom, but there is more that Gibraltar offers fund managers.Â
