Solutions
A number of regulatory developments have been introduced into the Cayman Islands over the last 12 months as it takes further steps to ensure the transparency and integrity of its financial funds industry stands up to global scrutiny.
Many of these regulatory changes do not necessarily impact fund managers directly, but more so their service providers, although the Data Protection Law, 2017, which was published in the Cayman Islands Gazette on June 2017, will impact all Cayman entities in respect of how they process and protect personal data.
Data Protection Law, 2017
The Data Protection Law is due to come
Ovata Capital Management, a Hong Kong-based Equity Multi Strategy hedge fund manager, has implemented Hazeltree Cash Manager, which is fully integrated with BNY Mellon’s Liquidity DIRECT, a multi-currency investment platform enabling clients to harness BNY Mellon’s full suite of cash, treasury, collateral, financing, trading and custody services.
The combined BNY Mellon-Hazeltree solution helps Ovata streamline cash management processes and reduce counterparty and operational risks while improving liquidity and yield.
Ovata Capital chose Hazeltree Cash Manager for its proven ability to easily aggregate and centralise cash balances across global counterparties; optimise cash usage and maximise yield while minimising currency exposure;
PremiaLab, a Fintech platform for Risk Premia Strategies, has launched its European offering with the opening of a new European headquarters in Paris.
The PremiaLab platform allows institutional investors and asset allocators to access data on systematic strategies from across a wide universe of providers in a quick and efficient manner. The platform is focused on reducing cost and improving access to the fast-growing market of risk premia and smart beta products.
The Hong Kong based Fintech company launched its Risk Premia platform in 2016, and its expansion into Europe follows its significant success in the Asian market. The
By Stuarts Walker Hersant Humphries – Initial Coin/Token Offerings (ICOs) are becoming an increasingly popular means of fundraising for new projects and utilise blockchain technology to do so. Over the past 9 months, we have seen a significant surge in interest in these projects with the Cayman Islands becoming the jurisdiction of choice for launching ICOs and other blockchain technology projects.
3iQ Corp has agreed to terms and conditions with the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA) to act as Canada’s first Portfolio Manager (PM) and Investment Fund Manager (IFM) permitted to invest in multiple crypto assets.
Units of 3iQ’s Global Cryptoasset Fund will be available to accredited investors, advisors and dealers via Fundserv, and to pension funds, institutions and family offices via private placement. The fund, structured as a Trust, will invest directly in bitcoin, ether and litecoin, three of the leading cryptoassets.
3iQ aims to launch and complete its first close within the next
GLMX, a comprehensive technology solution for the trading of repurchase agreements (repo) and secured lending, has raised USD20 million in growth equity financing.
The investment will help the firm expand its operations into major European markets and bolster its engineering team following a record year in which its client base doubled, and weekly trading volumes exceeded USD68 billion.
GLMX’s request-for-quote (RFQ) based buy-side-to-dealer trading platform has been expressly built to enhance the relationship between buy-side and sell-side counterparties, and addresses the need for a more efficient repo trading infrastructure, particularly in light of increasing regulatory reporting requirements.
The
Alternative investment firm Värde Partners has selected SS&C GlobeOp to provide operational and fund administration services and related technology applications to several strategies and funds.
“Värde is committed to leveraging technology to digitize processes, support controls, and empower our organisation with data,” says Brendan Albee, Chief Operating Officer and Senior Managing Director, Värde Partners. “We are also keenly focused on partnering with service providers who can complement our efforts to meet the needs of our investors. We selected SS&C GlobeOp as our partner because of their unique combination of customised services and integrated technology solutions.”
After a competitive due
The Alternative Credit Council (ACC), the private credit affiliate of the Alternative Investment Management Association (AIMA), has stepped up its activities in Asia-Pacific for members operating private credit strategies in the region.
As part of the expanded activity, a new APAC Committee of the ACC has been formed, co-chaired by global ACC Board members Justin Ferrier of BlackRock and Barry Lau of Adamas Asset Management.
The ACC is already active in the US and European markets, and the formation of the APAC group will consolidate the association’s position as the voice of the global private credit sector.
The
GMEX Technologies Ltd (GMEX), a provider of multi-asset exchange and post-trade business and technology solutions, has launched GMEX Fusion, an integrated centralised and distributed solutions set.
GMEX Fusion combines the established GMEX centralised technology – currently live in multiple exchanges and post trade venues, such as Hanoi Stock Exchange and Vietnam Securities Depository – with the latest Blockchain technology. Delivering state-of-the-art, hybrid trading and post trade solutions for exchanges, clearing-houses, central securities depositories and electronic warehouse receipts operators, taking advantage of the inherent positive characteristics of both.
Fusion has been created to support the latest technology and business challenges impacting
Broadridge Financial Solutions has launched its new Repo Order Quote (ROQ) solution, a multi-market aggregation and execution tool for repo markets, which is now in use with a major European bank.
ROQ allows repo traders to view liquidity and pricing across multiple electronic marketplaces. The system enables traders to see demand and availability for each term, security, or basket of general collateral securities and also provides the ability to quote and execute on an aggregate basis. ROQ provides traders a competitive advantage by helping them implement their trading strategies more effectively via real time inventory optimisation and revenue analysis
