Solutions
Capital Support has been awarded with the Cyber Essentials Plus certificate, which is presented to organisations that have displayed a particularly high level of dedication towards maintaining a high standard of cybersecurity.
The Cyber Essentials Plus certificate is a government-backed scheme, first brought in as part of the UK National Cyber Security Strategy to combat cyber-crime, particularly in the business environment. With cyber-crime due to be introduced in the national crime statistics for the first time later this year, experts predict that the figures will double, reflecting a significant shift in recent years from street crime to online crime. The
Pacific Fund Systems is a global leader in supporting investment fund accounting and administration through its integrated share registry/fund accounting platform, PFS-PAXUS. With fund administrators under increasing pressure from AIFMs to provide a broader suite of regulatory reporting services – most notably Annex IV reporting under AIFMD – demand has grown for integrated systems that can house fund data on a single platform. This is precisely what PFS-PAXUS offers, avoiding the need for reliance on multiple systems by utilising a single database infrastructure to deliver greater workflow efficiencies, reduced risk, and more timely valuations.
Two years ago, to keep pace
One of the biggest decisions for fund managers under AIFMD is whether or not to appoint an external AIFM. But as management companies, many of whom have experience supporting traditional managers under the UCITS framework, continue to espouse the virtues of outsourcing the ManCo function, alternative fund managers in different geographies are beginning to understand the benefits of going down this path.
"In the US, especially, fund managers are getting to grips with the concept that someone else can take over and run the governance function and do all the necessary risk management without necessarily giving up too much control,"
Under Article 21 of the AIFMD, any AIFM running an EU-based AIF is required to appoint a single full scope depositary to carry out four core duties: cash monitoring, safekeeping and verification of assets and general oversight of the AIF. For EU managers with experience of running UCITS funds alongside their offshore Cayman fund(s), this arrangement is a familiar one, but for AIFMs marketing non-EU AIFs into Europe, the concept of appointing a depositary is unfamiliar.
This is made slightly easier in the sense that the AIFM of a non-EU AIF can, under article 36 of the Directive, avail of
For EU and non-EU managers, the ability to choose between AIFMD or UCITS regimes to bring a regulated fund product to market with minimal fuss is a compelling one. With its unique business model, ML Capital has proven to the marketplace that there are many ways to scale the walls of so-called "Fortress Europe".
ML Capital operates two Dublin-domiciled platforms that between them are capable of supporting a wide range of alternative investment strategies, from the most liquid end of the scale to the most illiquid end. The MontLake UCITS Platform was established in October 2010, while the MontLake QIAIF
Two of the most important considerations for any hedge fund manager under AIFMD are deciding on who to appoint as an external AIFM (or "Management Company") and also who to appoint as a depositary; the latter of which is discussed later in this report.
As registered AIFMs, European hedge fund managers are required to separate out their portfolio management and risk management functions. That is fine for established managers with well-developed front to back teams.
But for smaller managers, who only just qualify as AIFMs by exceeding the EUR100m, they may not have sufficient capital and may not be
Broadridge Financial Solutions has been named as "Best Risk Management Software Firm" at the Hedgeweek Global Awards 2016, which are voted on by industry participants and recognise excellence among hedge fund managers and global service providers.
The winners are determined by votes cast by Hedgeweek readers, including institutional and high-net-worth investors as well as managers and other industry professionals at fund administrators, prime brokers, custodians and advisers.
"Broadridge has a long history of providing solutions to help our clients grow and manage their business, and we are very excited to be recognised by our clients, prospects and competitors for our risk
Volante Technologies, a provider of software for the integration, processing and orchestration of financial messages, is supporting the latest SWIFT Standards 2016 update.
On 26 February 2016, SWIFT released its latest standards release which includes a number of significant changes to SWIFT messages used within the securities market. These changes will impact the entire trade lifecycle, from the trade orders through to confirmations and settlement.
SWIFT has also introduced a new version of SWIFTRef called ReachPlus, which will require firms to migrate to the new data directory in order to route transactions. SWIFTRef provides users access to reference data
A new study by The Chicago Board Options Exchange (CBOE) has examined six benchmark indexes that write Standard & Poor’s 500 Index (SPX) options, comparing their performances with those of traditional stock, bond and commodity indexes.
The study found that the options-selling indexes generally had returns that were similar to those of the S&P 500 Index, but with lower volatility and lower maximum drawdowns.
The report, “Performance Analysis of CBOE S&P 500 Options-Selling Indices,” is the first comprehensive study that examines the performance of options-strategy benchmark indexes that incorporate iron condor and iron butterfly strategies.
Commissioned by CBOE
Vienna Stock Exchange is to continue to use Deutsche Börse’s trading technology. Both exchanges extended their contract by a further six years, at least until 2021. The co-operation partners of Vienna Stock Exchange will also use Deutsche Börse’s trading infrastructure.
“Deutsche Börse offers an extremely reliable, high-performance and well-recognised trading technology. The long-standing relationship has proven successful for both the Vienna Stock Exchange as well as other exchanges with whom we are cooperating in Central and Eastern Europe. We therefore decided to approach future technological developments and upcoming challenges within the financial industry jointly again with Deutsche Börse,” says Michael
