Solutions
By Matt Mulry, Dillon Eustace – Cayman has seen a healthy increase in private equity funds year on year over the past decade. The popularity of Cayman private equity funds has been fuelled by both the evolution of hedge fund managers’ businesses into the private equity fund space and by the increased use of private equity funds to pursue distressed asset investments.
The Cayman exempted limited partnership (ELP) structure is the most commonly used entity for Cayman private equity funds and is internationally recognised as a flexible, tax-neutral, low-cost fund vehicle. ELPs do not have their own legal personality and their
Kempen Capital Management has launched a solution that enables professional investors to access the structured credit market in a cost-efficient manner.
The Diversified Structured Credit Pool (DSCP) is a pool comprised of long-only structured credit funds carefully selected by Kempen, through which investors are able to gain access to three best-in-class structured credit specialists (GoldenTree, LibreMax and One William Street).
Kempen has a long history investing in structured credit managers since 2009, as part of its flagship fund of hedge funds (FoHF) Kempen Orange Investment Partnership. Its hedge fund solutions team includes three portfolio managers, who each have more
Metori Capital Management has selected QunatHouse’s QuantFACTORY to automate its trading portfolio.
QuantHouse provides end-to-end systematic trading solutions including QuantFEED, its ultra-low latency market data technologies, QuantFACTORY, its algo-trading development framework and QuantLINK, its proximity hosting and order routing services. QuantHouse helps trading venues, hedge funds, market makers, proprietary desks, brokers and sell-side firms achieve optimal trading performance.
Metori Capital was set up by former executives of Lyxor Asset Management as an independent firm to manage the EPSILON funds worth circa EUR400 million. Metori Capital will be managing the EPSILON funds through its automated trading portfolio technology based on
Euronext has announced the new composition of its Tech 40 label, which recognises 40 innovative European small and mid-cap companies listed on its markets.
This year, 12 new companies are entering in the new label composition, selected by a group of independent European experts, based on capital markets, economic and financial performance criteria. The companies are also added to the index, composed exclusively of the labelled Tech 40 stocks.
Euronext launched the Tech 40 label two years ago to increase the exposure of promising tech companies that are listed on its markets. The index for these shares rose by
Carey Olsen's corporate team in Guernsey has been the first to establish a Guernsey Private Investment Fund (PIF) since the new class was introduced.
Partner Christopher Anderson (pictured) led the Carey Olsen team advising specialist private investment firm Cairngorm Capital Partners on the GBP107.5 million final closing of its second fund, Cairngorm Capital II.
Cairngorm II is the first Guernsey fund to be established as a PIF since the Guernsey Financial Services Commission (GFSC) licensed and registered PIFs class was introduced on 16 November 2016.
The team, including senior associate John Scanlan and associate Colin Calvert, advised on
Due diligence company Castle Hall Alternatives has expanded its OpsMonitor due diligence monitoring platform with a range of new features, accessed through the firm’s DueDiligenceProfessional online app, include detailed financial statement and ADV reviews, dashboards and analytics.
“Diligence monitoring is the foundation of any effective due diligence program,” says Chris Addy (pictured), Castle Hall’s president and CEO. “However, many aspects of manager monitoring are challenging to implement. The financial statement review process, for example, is time compressed, the workload can be voluminous, and spreadsheets are inflexible and cumbersome as reporting tools. Above all, how does the diligence team validate that
FlexTrade Systems, a provider of multi-asset execution and order management systems, has launched FlexAR – an augmented reality trading application offering a new way of visualising and presenting trading via the company’s FlexTRADER EMS.
FlexAR builds on existing technology and APIs within FlexTRADER’s open architecture offering an interactive order blotter, trade ticket and charting, all presented in a virtual space.
Components can be placed throughout the real world, allowing traders to see and interact with the markets in a completely unique manner.
Andy Mahoney (pictured), business development director of FlexTrade UK, says: “With consumer technology evolving at such a rapid
INTL FCStone's Precious Metals division is now a direct participant to the London Bullion Market Association (LBMA) Gold Auction.
ICE Benchmark Administration (IBA) introduced central clearing to the twice-daily London gold auction, removing the need for firms to have significant bilateral credit lines in place with each other to become a direct participant.
INTL FCStone joins nine other firms taking part in the auction process.
"To be a direct participant of the LBMA Gold Auction is a major step for INTL FCStone," says Barry Canham (pictured), global head of precious metals. "We are continually driving our business forward
For private equity fund managers, the daily task list is growing in both its length and its complexity – and in many cases, these tasks fall outside the scope of a manager’s expertise or general interest. Technology, for example, is not a hidden skill most fund managers or C-level execs can tout. And as IT evolves and its complexity grows, many private equity firms are looking for opportunities to evolve the back office and leverage outsourced support – freeing up managers to spend more time on what they do best – raising and investing in successful funds.
Drivers for back
Rocaton Investment Advisors has formed a partnership with SAF Platform, a New York City based financial technology firm to offer offer private capital and hedge fund research to institutional investors.
Potential clients include endowments, foundations, insurance companies, pension funds, family offices, and registered investment advisors.
"Rocaton is singularly focused on our clients' success, and a cornerstone of that success is objective investment research. Our experienced and dedicated team of research professionals analyse investment themes, managers and strategies to deliver a comprehensive evaluation of each opportunity," says Robin Pellish, CEO, Rocaton. “We see the growing need for high quality, unbiased investment
