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Fee discounts and most-favoured nation clauses now feature in almost half of all side letters within the hedge fund industry according to a new study by Seward & Kissel, which also found that the number of smaller, newer managers using such agreements has fallen over the last 12 months.
Most hedge funds are now moving to a permanent hybrid working environment as a result of the Covid-19 pandemic, but concerns over team-building, collaboration and decision-making remain, as more managers look to expand their product offering into new areas and strategies, a wide-ranging new study published by the Alternative Investment Management Association and KPMG has found.
JTC has acquired Essential Fund Services (EFS), New York-headquartered provider of a broad range of services in the alternative assets space, including accounting, reporting and administrative services to investment partnerships and their investment managers.
The acquisition will be settled via cash and JTC equity.
Gerard Federici will continue to lead the business and all current EFS employees will join JTC, becoming part of the Group’s Institutional Client Services (ICS) Division. The transaction is not subject to any regulatory approvals and completes with immediate effect.
OptionMetrics, an options database and analytics provider for institutional investors and academic researchers worldwide, has launched IvyDB Global Indices 3.1.
This database offers even more options data across major indices in North America, including the United States and Canada; Europe, and Asia-Pacific, and an expanded volatility surface, enabling better assessments of shorter- and longer-term investing and hedging strategies.
OptionMetrics IvyDB Global Indices 3.1 covers 35 major indices, representative of global markets worldwide, including S&P 500 Index, CBOE Russell 2000, VIX CBOE Market Volatility, DJ EURO STOXX50, VSTOXX, S&P 100 and 400, Nikkei 225, Hang Seng, CAC 40, Asia Nikkei,
JST Capital, a global financial services firm specialising in digital assets, has joined the Pyth Network (Pyth), an oracle platform designed to provide trusted and verifiable market data to decentralised applications, and will provide real-time institutional-grade crypto market data in sub-second frequency.
Pyth users will be able to leverage JST’s market data through the aggregate Pyth oracle price, being used for on-chain smart contract development in the growing DeFi ecosystem.
Based in the US and Singapore, JST Capital is a quantitative trading firm which focuses on the digital asset ecosystem and provides various financial services to exchanges, token issuers,
GAM Holding AG’s UK subsidiary, GAM International Management Limited (GIML), has reached a GBP9.1 million settlement with the Financial Conduct Authority (FCA), over the operation of GIML’s conflicts of interest framework between November 2014 and October 2017 and conflicts of interest arising out of three specific investments made by the Absolute Return Bond Fund (ARBF) team between October 2016 and March 2018.
The FCA opened the investigation into GIML following the suspension of an investment director on 31 July 2018. GIML has fully cooperated with the FCA’s investigation, and settlement brings the investigation into GIML to a close. There are
The European Energy Exchange (EEX) has published the 2022 calendars for the auctions of EU Aviation Allowances (EUAA) for the EU Member States as well as for the auctioning of EU Emission Allowances (EUA) for the UK in respect of generation of electricity in Northern Ireland for the single wholesale electricity market in Ireland and Northern Ireland.
This has been coordinated with the European Commission, the EU Member States and the EEA EFTA states participating in the common auction platform (CAP3) as well as with the competent authorities of Germany and Poland, as well as with UK authorities.
In its
Northern Trust has enhanced the depth and range of alternative asset data it can provide to asset owner clients through a collaboration with Accelex, a data acquisition, analytics and reporting provider focused on the alternative investment space.
Strong gains in Emerging Markets (EM) hedge funds focused on India, Russia, and the Middle East continued to lead through Q3, navigating macroeconomic challenges of inflationary pressures, global supply chain constraints, and the emergence of the Omicron coronavirus variant, with performance topping EM regional equity markets and again being complemented by volatile cryptocurrencies.
The HFRI Emerging Markets (Total) Index has returned +5.6 per cent YTD 2021 through November, led by the HFRI Emerging Markets: India Index, which has vaulted +35.0 percent YTD, while the HFRI Emerging Markets: Russia/Eastern Europe Index surged +22.7 percent, as reported by the latest HFR Asian Hedge
The Cyprus Securities and Exchange Commission (CySEC) is amendinf Directive 87-04, in an effort to ensure the smooth transition of UK groups operating under the Temporary Permissions Regime (TPR), until they establish a physical presence in Cyprus.
CySEC originally introduced the TPR so that UK firms could continue to provide investment services without a physical presence in Cyprus, under the condition that they only offer their services to eligible counterparties and/or professional clients based in Cyprus, up until 31 December 2021.
The amendment means that companies will now be Abe to continue operating under the TPR until the relevant application
