Solutions
PwC’s UK Deals Insights and Analytics team has chosen Doorda Data Products to augment its analytics capabilities for hedge fund, private equity, and corporate clients. Doorda researches, consolidates, links and updates open data from hundreds of publishers into a cloud data platform.
By incorporating data from Doorda, PwC says its UK Deals Insights and Analytics team can focus on the analytics work that is critical when executing deals.
PwC says the team is also looking to capitalise on features unique to the Doorda Data Platform; historical data not kept by data publishers, data specifically harvested by Doorda using Freedom of Information
There is correspondingly less commentary on the inevitable corollary: the end. What we call the beginning is often the end. And to make an end is to make a beginning (T.S. Eliot).
Funds come to an end for a multitude of reasons. On one hand, underperformance, fixed termination dates or illiquidity may necessitate closure. On the other, more ominous factors can be at play such as a market collapse, adverse litigation, regulatory action, perhaps fraud.
This article approaches fund closure primarily from a solvent wind down perspective with thoughts on insolvent situations.
Wind down
Investment managers focus on how to
The aftermath of the Covid-19 pandemic has started to bite. The IMF’s World Economic Outlook as at October 2022 records a broad-based and sharper-than-expected slowdown in global economic activity. Inflation is at decades high levels. Russia’s invasion of Ukraine and the costs of the pandemic have led to a global cost-of-living crisis.
The global growth is forecast to slow from 6% in 2021 to 3.2% in 2022 to 2.7% in 2023. Conversely, global inflation is expected to rise from 4.7% in 2021 to 8.8% in 2022 and then, thankfully, to decline to 6.5% in 2023 and 4.1% by 2024.
The
Hedge funds and private equity funds were traditionally considered to be two completely different alternative investment classes, but as managers and investors increasingly seek to take advantage of exposure to both asset classes, the industry has witnessed a significant rise in the popularity of hybrid funds.
“Such fund structures aren’t new – the concept has been around for quite a while now. However, in the last couple of years, we’ve seen an increased demand for them, as many managers wish to establish funds with flexible mandates that combine elements of both hedge funds and private equity,” says Eric Flaye, counsel,
Service providers operating in the British Virgin Islands (BVI) are witnessing a transformation in the type of work being carried out in the jurisdiction, as entities incorporated here are more active and engaged.
“The BVI was known as a high volume, low cost jurisdiction, but this is changing,” comments Mourant partner Ian Montgomery, who heads up the firm’s thriving finance, corporate and funds practice in the BVI. He continues: “The new entities being incorporated in the jurisdiction are a lot more active and tend to be more regulated than in the past. This is leading to more substance being seen
xWIN Finance has launched an updated version of its robo advisor platform, xwin finance v2, on the Binance Smart Chain (BSC) and ethereum blockchain, which connects hedge funds and wealth managers to individual investors globally.
The platform enables hedge funds, or investors, to create their own decentralised fund based on their own risk preference through the xWIN Robo Advisor engine.
The update provides allows users to integrate an additional set of trading and DEFI strategies into their portfolios.
Crypto exchange Bybit has revamped its broker rebate programme aimed at enhancing its deep liquidity and maintaining minimal slippage on its spot trading platform. From 10 January, 2023, 10AM UTC, all spot trading fees generated from the broker platform on Bybit have been returned via a 100% rebate.
By offering this incentive, Bybit says it is supporting both new and current brokers to create a mutually beneficial arrangement, which encourages more liquidity and benefits all traders.
Bybit’s broker programme applies to professional traders who trade via API key. Brokers can access over 300 spot pairs using Bybit’s high-frequency trading engine,
McKay Brothers International’s Josada team has extended its lowest latency market data service into Shanghai, with MBI claiming that its Quincy Extreme Data service is now the fastest way to receive select CME and ICE Futures market data, including: energy, metals, FX, agricultural/softs, and equities.
Investors are demonstrating a keen appetite for alternative investments. However, they are simultaneously showing a need for a certain level of liquidity. This is leading to a growing demand for semi-opened-ended alternative funds being launched in European fund domiciles.
Investment managers have seen their regulatory and compliance burden inch upwards for years. The use of management companies in jurisdictions like Luxembourg has sought to ease this load. Investment managers are welcoming the additional support provided by a third-party ManCo, allowing them to concentrate on their core capabilities of managing money.
