Latest News
The hedge fund industry returned to inflows in January bringing in USD11.29 billion in new assets, 0.24 per cent of hedge fund industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
PEF Services (PEF), a CSC company and a fund administrator for alternative investment managers, has released a new white paper – AML and KYC Compliance: A Guide for Private Capital Fund Managers.
Private capital funds have long been aware of anti-money laundering (AML) and know your customer (KYC) requirements. But while the underlying goal of these rules remains the same – to prevent and detect money laundering and counteract terrorist-funding activities – regulatory compliance has become a challenge for many firms.
The white paper covers:
• Six pillars of an AML and KYC program and their considerations for alternative investment
Swiss financial data expert SIX has partnered with Sustainalytics to provide ESG data to its broad customer base of SIX for them to comply with new EU sustainability regulations.
Sustainalytics is the first third-party specialist ESG data provider that SIX has onboarded to its distribution channels.
Sustainalytics is a Morningstar company and a global provider of ESG research, ratings and data. On the basis of its data, SIX is now providing extensive ESG data sets for EU Taxonomy and the Sustainable Finance Disclosure Regulation (SFDR), which support its clients, such as banks and asset managers, with their disclosure obligations and
Bridgewater Associates, the world’s largest hedge fund, is planning on moving into the digital assets space with its first ever crypto investment, according to a report by FXEmpire.
The USD150 billion fund, which is run by billionaire Ray Dalio, wants to increase its exposure to digital assets but will not be buying cryptocurrencies deforest. Back in January, Dalio advised that investors should allocate 1 per cent of their portfolios to bitcoin.
Monroe Capital (Monroe) has closed a USD457 million term debt securitisation – Monroe Capital MML CLO XIII, LTD.
The term financing was Monroe’s eighth new issue CLO completed since 2018 and is secured by a portfolio of middle market senior secured loans.
Monroe sold securities rated from AAA through BB as well as Subordinated Notes. Monroe and its affiliates retained a majority of the Subordinated Notes in the transaction. Deutsche Bank served as the Lead Manager, Structuring Agent and Bookrunner, with Raymond James serving as Co-manager. This transaction was structured to meet and comply with both the European risk retention
Kroll, a provider of data, technology and insights related to risk, governance and growth, has found that whilst anti-money laundering (AML) continues to dominate global financial crime regulation, enforcement activity is slowing as attention turns from banks to other financial institutions.
The findings come from Kroll’s annual Global Enforcement Review 2022, which shows that, globally, the value of fines issued to financial services firms for AML failings reached a new recent low of USD1.6 billion in 2021, compared to USD2.2 billion in 2020 and representing just half of the peak figure of USD3.3 billion achieved in 2018.
Meanwhile, in
SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) solutions provider, has launched a new regulatory solution – Trading Venue Quantitative Reporting Outlier Reconciliation – which helps firms to further meet MiFID II obligations, including assisting trading venues (non-OTC) to fulfil MiFID II RTS 2 transparency requirements.
Post-Brexit, ESMA has increased the data continuity checks that trading venues must perform when reporting instrument reference and quantitative data. Any irregularities must be accounted for and mistakes re-reported, so that ESMA can meet its timelines in publishing instrument liquidity, size-specific-to-the-instrument, and large-in-scale calculations. At present, trading venues typically check their records retrospectively, on a
New in-depth analysis by quant technologies provider SigTech, reports that after continued expansion in 2021, there are currently 27,255 active hedge funds globally.
The hedge fund industry remains dominated by the US market, which is home to 67 per cent of all hedge funds globally, followed by 9 per cent in the UK, 4 per cent in China, and circa 2 per cent each in Brazil, Canada and Switzerland.
When it comes to the cities that have the largest concentration of hedge funds, unsurprisingly New York is the clear leader with nearly 7,000 funds (25.0 per cent of total), followed by
Almost a quarter of Britons are ready to invest in tokens or NFTs this year, according to a new national survey.
Tokens – a new way to access assets previously reserved for the wealthy few – are also seen as technologically secure forms of investment, according to the results of the nationally representative survey of 2,000 people commissioned by Tokenise.
When asked about which investments they viewed as most risky, 41 per cent said bitcoin, 27 per cent company shares, 19 per cent oil, 17 per cent property, and 16 per cent gold. Just 11 per cent of respondents found
With ever more banks offering their clients exposure to crypto and digital assets, solid technical infrastructure is required to help master the challenges faced when establishing end-to-end digital asset trading operations. From liquidity and technology fragmentation to consistent best execution; trading platforms not only need to cover the entire digital asset trade lifecycle but also orchestrate all involved components.
Unlike FX markets, crypto-asset liquidity is highly fragmented across hundreds of centralized and decentralized exchanges, over-the-counter (OTC) desks and brokers. In addition, most of the trading volume happens OTC. This regularly leads to large differences in liquidity and price between different
