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Digital asset investment products saw outflows totalling a weekly record of USD207 million last week, according to the latest Digital Assets Fund Flows Weekly report from Coin Shares.
This follows the outflows that began mid-December with the four-week run now totalling USD465 million.
Bitcoin saw outflows totalling USD107 million last week in CoinShares believes was a direct response to the FOMC minutes which revealed the US Federal Reserve’s concerns for rising inflation.
Ethereum saw outflows totalling USD39 million last week, bringing the five-week run of outflows to USD200 million.
Blockchain equities investment products did not escape the negative sentiment with
Varenne Capital Partners (Varenne Capital) achieved net inflows in excess of USD1 billion from investors in 2021 amid strong fund performance, as assets under management reached USD4.3 billion at year-end.
X-Meta, a brand-new crypto exchange powered by Binance Cloud, is providing customers around the globe with an easy-to-use and highly secure crypto trading exchange service, offering a host of powerful and unique features.
The exchange was developed as the main foundation of the Inflation Hedging Coin (IHC) project ecosystem, a crypto asset structured by Ih Bit Global LLC to act as a bulwark to inflation. Since its IEO in August, the value of IHCoin has stabilised after over a dozen upward adjustments.
Joining one of the world’s most reliable liquidity pools allows customers to spot trade, or invest in fiat,
Using managed services, and co-sourcing arrangements, will not be suitable for all fund managers. It will always depend on the individual manager’s circumstances: How new is the business? How big is the team? What are the long-term objectives?
To avoid the strain on in-house back-office teams, fund managers have, in recent years, increasingly turned to cloud-enabled hosting and managed services to support their operations.
In addition to providing robust accounting and world-class fund administration, SS&C is well-positioned for institutions to use an extensive array of solutions across the Geneva platform, either in a fully-hosted and fully-outsourced environment through SS&C GlobeOp, or in a co-sourced arrangement through SS&C Advent Managed Services.
One of the primary differentiators of the SS&C Advent Managed Services offering is that, while the Advent team maintain and service the system(s) on the client’s behalf,
Another key operational challenge facing managers is keeping on top of what can often become numerous legal entities, as they build out their investment programmes in private credit. This might involve setting up workflow processes that span both closed-ended and open-ended funds, SMAs, funds-of-one, SPVs and hybrid fund structures; all for a single, overarching investment strategy.
Fund managers need to ensure they are able to accurately show how much loan interest has been accrued, how much capital has been paid out, and accurately allocate the loan accounting results across each one of the legal entities.
This is where technology plays
SS&C Advent Geneva® is used by 45 of the world’s largest fund administrators and is widely recognised as the industry leader when it comes to multi-asset class portfolio management and accounting. Geneva’s robust accounting engine supports everything from transaction processing and settlement, to accruals and income payments, as well as cash flow projections, valuations, amortisation, and reporting.
Geneva forms the backbone of accounting and portfolio management services within SS&C’s fund administration offering, SS&C GlobeOp, with more than 4,700 users leveraging the technology to manage more than 21,000 funds. SS&C GlobeOp is the world’s largest administrator with more than USD2 trillion
The global private credit market has experienced significant growth in recent times. At the start of last year there were 436 private credit funds in the marketplace. By October 2020, that number had risen to 520, according to the Financial Times, as investors sought out alternative yield opportunities in response to the surge in public equity and debt markets. The yield on 10-year Treasuries fell to 0.53 per cent at the start of August last year, and while this has crept up to 1.32 per cent (at the time of writing), it hasn’t assuaged investor fears.
In response, alternative fund
Australian hedge fund VGI Partners is considering a merger or sale of its business with several rival firms including Regal Funds Management, according to a report in the Sydney Morning Herald.
Spouting Rock Asset Management (Spouting Rock), a multi-boutique manager platform providing investment solutions and services, is to merge with Old Hill Partners Inc (Old Hill), an alternative asset manager focused on asset-based lending transactions with small- and medium-sized businesses.
A newly formed subsidiary of Spouting Rock, Spouting Rock Alternative Credit, LLC (SR Alternative Credit), will house the Old Hill asset-based lending business and serve as the investment advisor to Old Hill’s existing funds and other investment vehicles.
The new subsidiary will be operated by former Old Hill employees, Jeff Haas and Peter Faigl as president and chief investment officer, respectively.
