Latest News
Net assets of UCITS and AIFs increased by 4.1 per cent in Q2 2021, taking total net new money in H1 2021 to EUR430 billion, according to the latest quarterly European statistics from the European Fund and Asset Management Association (EFAMA).
UCITS net assets grew by 4.5 per cent and net assets of AIFs grew by 3.4 per cent as they cross the EUR20 trillion threshold.
Net sales of UCITS amounted to EUR210 billion, and net inflows into AIFs amounted to 18 billion. During the first half of 2021, UCITS and AIFs attracted EUR430 billion in net new money.
Wheelhouse Advisors, an award-winning provider of prudential management, regulatory reporting, accounting, tax and payroll services to the financial services sector has released a new report detailing the findings of in-depth impact assessment work, undertaken with clients over the past 12 months.
Monroe Capital has expanded its platform to Asia with the appointment of Alex Kim, as Managing Director and Head of Asia. The newly opened office in Seoul, South Korea reflects Monroe’s commitment to expanding its business in Asia.
BSO, in partnership with Geneva-based ImpactScope, a social enterprise providing carbon offsetting solutions to digital asset exchanges and crypto mining companies, has become the first connectivity provider to offer clients that trade cryptocurrencies the means to calculate and offset the excess carbon emissions of their operations.
The criticism of cryptocurrencies’ energy consumption and its related carbon footprint is a major challenge for all players in the crypto space and is being addressed at both a corporate and regulatory level by mandates such as the European Union’s Sustainable Finance Disclosure Regulation (SFDR), which comes into force in January 2022. In line
Fintech solutions provider, Broctagon Fintech Group, gas launched WorldBook, a global crypto movement focused on solving key liquidity issues plaguing the industry.
WorldBook is the world’s first crypto STP (Straight-Through Processing) network with the largest aggregated liquidity pool. The initiative aims to introduce a universal standard of liquidity for digital assets, uniting both processes and technology within the crypto industry under a single framework.
Unlike the highly streamlined Forex or Securities financial markets, crypto trading is highly fragmented with significant price disparity across exchanges. This is largely because of existing market norms where exchanges operate in a silo within
Digital asset investment products saw inflows totalling USD57 million last week, posting their fourth week of inflows, according to the latest Digital Asset Fund Flows Weekly report from Coinshares.
During last week’s price fall Solana’s price was a stalwart, outperforming a basket of the top 10 digital assets by 34 per cent, having risen 24 per cent week-on-week. This was reflected with inflows, dwarfing any other digital asset, totalling almost USD50 million.
Bitcoin remained flat for the week with a paltry USD0.2 million of inflows, while ether saw minor outflows totalling USD6.3 million.
With hedge funds’ year-to-date returns rebounding back into double-digit territory, new industry data published on Monday shows how emerging markets managers are helping to galvanise the industry and fuel recent gains.
VIPUSD Coin, the Blockchain Cryptocurrency, backed by USD3.6 trillion worth of land, energy and other mineral assets, has moved into launch phase after selling an initial USD23 million worth of currency at a pre-launch discount token price of USD1,200 with indicated values set to hit USD12,000-plus on exchange debuts.
Started in 2021, by Veterans International Petroleum Services LLC, a permanently limited three billion VIPUSD Coin has already been mined to limit their environmental impact. Only 300 million will be released to the market and pegged to the natural reserves behind VIPUSD Coin. More assets will be added to the network
CTAs and trend-following hedge fund strategies have experienced a sluggish start to September, having had a disappointing August in what Société Générale describes as a “challenging environment” for the sector.
ETF and hedge fund technology specialist Truss Edge has released a major new upgrade for its technology platform, which introduces a number of improvements for asset managers.
The new features have been added to provide further options within order and trade management activities, to support the interface between fund managers and administrators and to facilitate the management of digital asset portfolios.
Jay Duffy, CEO of Truss Edge, says: “Our technology is designed to be highly flexible, supported by an intrinsically modular structure. Our latest set of updates are designed to support client firms with the operational requirements they have right
