Solutions
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.
Apex Group Ltd, a global financial services provider, has acquired Pacific Fund Systems, a global fund administration software business serving open and closed ended traditional and alternative funds, including hedge funds and private equity investment vehicles, from co-founders and Pollen Street Capital.
Options Technology, a capital markets services provider, has partnered with Tools for Brokers following a successful integration with recently acquired ACTIV Financial’s ACTIV application programming interface (API).
It’s nearly a year since the ICARA regime was first introduced in the UK by the FCA, replacing the ICAAP framework that was part of the previous prudential regime.
With the increasing popularity of alternative investments, in particular in the areas of private equity, private debt and real estate, we have witnessed that there is more demand in realising such investments via Luxembourg alternative investment fund structures (the “AIFs”) by international eligible investors. In the EU, AIFs were introduced by the Alternative Investment Fund Manager Directive (Directive 2011/61/EU, the “AIFM Directive”), which regulates managers of funds other than those under the Undertakings for Collective Investments in Transferable Securities Directive (Directive 2009/65/EC).
The alternative investment industry is developing new ways of sharing data across the whole value chain – from portfolio companies and holdings to funds and investors – and from asset servicers to asset managers and asset owners. Luxembourg, as a fund domicile, has been building its niche of expertise in this space and evolving to better serve the whole eco-system as the appeal of particular asset classes continues to grow.
The Vienna Stock Exchange’s new market data distribution infrastructure has gone live providing over 270 customers with stock market data from 11 markets four times faster than before.
The software as well as the hardware and the operating system of the ADH data feed (Alliance Data Highway) have been upgraded to the latest technical standards, further increasing the stability of the system and lowering latency. The parallel operation, which will run until 3 April, makes it easier for customers to switch. The introduction of a permanent simulation environment as well as a production-like test environment will enable customers to run
Apex Group has completed its acquisition of the fund services and third-party management company business operations of Maitland International Holdings, an international fund services provider.
Formidium, a provider of third-party fund administration and back-office technology solutions, has launched Crypto Fund Tax, a full suite of tax services, including tax allocations, reporting, and filings for funds invested in digital assets.
Crypto Fund Tax is aimed at digital asset, hedge, or venture funds, that invest in cryptocurrency, DeFi, blockchain, mining, staking, NFTs, tokens, private equity, venture investments, and real estate in the digital assets space. Crypto Fund Tax provides comprehensive tax services across the entity’s entire lifecycle for US funds/entities and non-US funds/entities filing US returns.
Crypto Fund Tax uses Formidium’s proprietary technology, Seamless Digital, to connect
