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In a first for the Australian funds management industry, Plato Investment Management has launched a global equities fund, managed with a net zero carbon footprint without the use of costly carbon credits.
Sona Asset Management, the London-based credit-focused alternative asset manager led by John Aylward, has generated back-to-back double-digit returns over the past two years in its flagship long/short fund, and is now aiming to build on this success with the launch of a new private credit-focused capital solutions strategy.
Hedge funds Senvest Management and Greenlight Capital are betting on Capri Holdings, according to a report by Seeking Alpha.
Symbridge Holdings’ subsidiary Symbridge Capital has been granted membership approval by FINRA for its broker-dealer that will operate an alternative trading system (ATS) for digital asset securities, which will have ownership information tracked using blockchain technology.
Symbridge Capital’s ATS is scheduled to launch in the coming months, offering initial capabilities such as: operating an issuance platform for the private placement of securities; and facilitating secondary trading in a range of digital asset securities.
Rising Sun Management (RSM), an investment advisor to the Nippon Active Value Fund (NAVF), an activist, Japan-focused Investment Trust, has sent a letter to the management of Intage Holdings, a Japanese marketing research firm, urging that it undertake a management buyout (MBO) of the company.
The emergence of Gibraltar as the “Crypto Rock,” the advent of legislation allowing for a Dual AIFM Regime and the incorporation of Protected Cell Limited Partnership (PCLP) funds have, possibly inadvertently, brought about a renaissance in the Gibraltar funds industry. Discerning legal and regulatory analysts have long known that Gibraltar’s fund legislation, with its pre-authorisation launch and its flexibility with respect to service providers, is the most fit-for-purpose regime on this side of the Atlantic Ocean. However, much of the general industry continues to herd to the more well-known havens despite some being tainted by negative OECD reports, less ease
When the Gibraltar Financial Services Commission (GFSC) approved NAV Fund Services (Cayman) Ltd. to act as an external fund administrator for Experienced Investor Funds (EIFs) domiciled in Gibraltar in October 2021, NAV became only the ninth external fund administrator operating in Gibraltar under GFSC consent. This expansion of fund administration expertise in Gibraltar sets the stage for exponential growth in terms of new fund launches in the jurisdiction and increased support for existing funds to further develop.
Reflecting on the past few years, it’s fair to say the new normal is almost unrecognisable from a couple of years ago. The prolonged impact of COVID-19 has augmented almost every aspect of our lives, squeezing levels of progress and innovation you would expect to see in a decade into just two short years. Everything from our working habits to the way we shop and even socialise has been upended. But one undoubted success story in this time has been rise of cryptocurrencies.
In an increasingly competitive global funds industry, managers are finding it ever more critical to address operational inefficiencies, contain costs and improve performance. Speed to market, regulatory upkeep and market access are also vital issues for management teams. These overarching themes are, in particular, felt by smaller to medium-sized funds and family offices. These groups, among others, are discovering that Gibraltar is a jurisdiction of choice in addressing the evolving challenges facing emerging funds.
Gibraltar, as a jurisdiction, has a reputation of being entrepreneurial and innovative. It has shown that it is possible to effectively regulate new sectors without stifling growth. Online gambling being a perfect example.
