Latest News
Waystone is strengthening its presence in the UK ACD and fund administration market with the acquisition of T Bailey Fund Services (TBFS).
The European Commission has decided that The Bahamas should be deleted from the EU’s anti-money laundering (AML) blacklist.
On 22 December 2021 a meeting of the European Commission College of Commissioners was held, and the revision of the List of Third-country Jurisdictions which have Strategic Deficiencies in their AML/CFT Regimes (AML Blacklist) was discussed. In addition, in the fourth quarter 2021, the Commission’s Directorate General – Financial Stability, Financial Services and Capital Markets Union (DG FISMA) finalised its assessment of The Bahamas’ AML/CFT regime, in line with its methodology for identifying high-risk countries.
The engagement with the EU DG FISMA
The global hedge fund sector returned +1.58 per cent in December, bringing the aggregate return for the industry for 2021 to +10.00 per cent, according to the December and year-end 2021 eVestment hedge fund performance data.
Options, a provider of managed trading infrastructure and connectivity to the global Capital Markets, has expanded hosting capabilities in the Hong Kong Exchange for access to both the Equities and Derivatives markets.
HKEX is one of the world’s major exchange groups, operating across equities, commodities, fixed income, and currency markets. Options’ ultra-low latency connectivity provides regional and international participants with seamless access to China, the USA, and the wider APAC regions through HKEX.
Standish Management (Standish) has acquired Alpha Alternatives (Alpha), a boutique fund administration firm for hedge funds and other investment vehicles.
Standish is an independent provider of fund administration services to Private Equity, Venture Capital, and Real Estate managers. Founded in 2007, Standish has grown steadily and currently has over USD250 billion in assets under administration, administering over 2,500 entities and reporting to more than 30,000 LPs.
Financial terms of the transaction, which Standish says will bring new opportunities and additional services to each firm’s clients and provide a service solution for innovative, hybrid fund structures, have not been disclosed.
United Fintech, a London-based financial technology investor and holding company, has completed a 25 per cent minority investment in buy-side Portfolio/Order Management System vendor Athena Systems.
Seventeen partners at hedge fund Brevan Howard have shared a bumper GBP120 million payout after profits surged following a series of successful bets during the first year of the coronavirus pandemic, according to reports in The Times and The Daily Telegraph.
Founder Alan Howard took the lion’s share earning over GBP55 million in the year to end March 2021, up from GBP29.9 million in the previous twelve months.
In total the firm’s partners received GBP43.4 million in remuneration and shared profits of GBP79 million, up from GBP18.3 million the previous year.
Avelacom, a low latency connectivity, IT infrastructure and data solutions provider for global financial markets, has become one of Japan Exchange Group’s (JPX) arrownet-Global Partner Network vendors.
This will enable financial services institutions to directly access JPX’s exchanges and markets in cash equities, commodities, and derivatives via Avelacom’s connectivity solutions. JPX comprises the Tokyo Stock Exchange (TSE), the Osaka Exchange (OSE), and the Tokyo Commodity Exchange (TOCOM).
This JPX infrastructure is now an integral part of Alevacom’s proprietary, ultra-low latency network across global financial exchanges, which will improve the convenience of market access to Japan’s capital markets for overseas market
Hedge funds continued to perform well at the close of 2021, according to data from Preqin, with the firm’s 2022 Global Hedge Fund Report revealing that returns across the asset class were up 11.43 per cent (as of September 2021, +15.52 per cent annualised) and all top and sub strategies finished the year with positive results.
Transcend, a provider of collateral, liquidity, and funding solutions, and Acadia, a provider of integrated risk management services, have partnered to deliver an automated, comprehensive and independent Collateral Validation Service.
Special Reports
FeatureD
- Insight
