Solutions
By Simon Schilder, partner, Ogier – In recognition of the needs of assisting start-up and small/ mid-sized non-institutional investment managers to overcome some of the continued barriers to entry into the industry, the British Virgin Islands (BVI) has recently published the Securities and Investment Business (Incubator and Approved Funds) Regulations, 2015 (the Regulations). These Regulations, which are expected to come into force shortly, introduce two new funds products into the BVI’s funds offering, the “Incubator Fund” and the “Approved Fund”, which are intended to complement the BVI current offering of Private Funds; Professional Funds; and Public Funds.
These new fund products
LIM Advisors Limited, a Hong Kong based hedge fund manager, is to employ SimCorp’s Dimension to provide a full front, middle and back office platform.
The USD2 billion fund manager will leverage SimCorp Dimension to establish full operational capability across multiple asset classes, including equity, bonds, convertibles, listed futures & options and derivatives.
The agreement involves implementing SimCorp's state-of-the-art front office environment for order management, portfolio management, trading and compliance as well as performance and risk management. This win further strengthens SimCorp¹s market leading position in the front office and is based on the award winning integrated investment book of
Following further increases in R/QFII allocations and improvements in the R/QFII application process, FTSE has begun its transition to include China A Shares in its widely followed global benchmarks with the launch of two transitional indexes for Emerging Markets.
The two new Emerging Markets indexes include China A Shares at a weighting equivalent to total R/QFII allocations. The A Share weighting will increase as total R/QFII allocations increase and the China A Shares inclusion indexes will merge seamlessly with the standard FTSE Emerging Markets indexes when China A Shares fully meet FTSE's country classification criteria for emerging markets.
FTSE expects
Once a fund manager has got the middle office infrastructure in place – the hardware as it were – the logical next step is to work out how best to utilise it. How can the flow of data – and flow of data is not simply the software – be used in a smart, intelligent fashion to bring incremental gains to the way that the manager runs its business?
This is a question that many managers now face as the volume of data they must handle for a variety of regulatory and investor demands continues to rise exponentially. With the
Cim Fund Services, one of the largest fund administrators in Mauritius, is going live with the eFront’s flagship FrontInvest solution.
Cim Fund Services will use the automation capabilities of FrontInvest to provide premium administration services for sophisticated alternative investment funds around the world through gains in efficiency and accuracy.
Cim Fund Services is part of the Cim Group, a large financial services firm headquartered in Mauritius. Now among the largest fund administrators in the island nation, Cim Fund Services sought to reduce its dependency on manual processes, reduce human error, save time and produce reports more efficiently. With very
Elliptic, a full-service bitcoin custodian for the capital markets, has partnered with developer API provider Gem to enhance Gem’s multi-signature bitcoin wallets.
The most important part of holding bitcoin is safeguarding the private keys (or passwords) to the account. A typical multi-signature wallet has three unique private keys, two of which must be submitted before a transaction is authorised. In most situations the client is responsible for two of the keys and the wallet provider holds the third.
In the new partnership, Elliptic will act as a trusted and independent third party to provide insured storage of the third
By James Williams – Global law firms need to work closely with hedge funds to improve their cybersecurity risk management by identifying at-risk assets and coming up with a legal risk mitigation response.
Cybersecurity threats and data protection have become a top-line issue among managers. Whilst the latter is more of an internal threat, due to staff negligence or devious intent (i.e. taking sensitive fund investor information before leaving the firm), protecting a fund’s assets is vital.
One industry specialist I was speaking to last week informed me that one of their larger hedge fund clients had suffered 30,000 intrusion attempts
Geoff Ruddick (pictured), an independent fund director and head of funds for International Management Services, sheds some light on the topical subject of ‘Split Boards’ – engaging independent directors from different fiduciary firms.
There has been an extraordinary focus on and trend towards ‘split boards’ in the last few years. For most people the accepted definition of a ‘split board’ is having independent directors from different fiduciary firms. It is considered by some to be the best way to construct a board. In reality this is an overly simplistic definition and assessment of how to recruit and construct an effective
A new start-up in digital currency, CRYEX, has filed an application with the Swedish Financial Supervisory Authority (Finansinspektionen) to become one of the world’s first regulated crypto currency clearing organisations.
CRYEX intends to create a members-only European marketplace for trading FX, including digital currencies like bitcoin and other crypto currencies.
CRYEX will provide a gateway between traditional regulated financial industry players and digital currencies. The new trading and clearing platform will enable regulated market participants to trade a full suite of spot products − even derivative products − in a highly secure and regulated environment.
CRYEX has chosen
The London Pensions Fund Authority (LPFA) has selected an affiliate of Apollo Global Management as its alternative credit manager.
Subject to final documentation, Apollo will oversee the LPFA’s GBP150 million allocation to alternative credit including distressed debt, real estate debt, leveraged senior loans and private lending.
The mandate will be unconstrained and target absolute returns by investing across a number of higher yielding debt markets. It is expected that the majority of investments will be made within developed markets; however, there is also scope for allocations to emerging markets.
Apollo’s appointment was made after a thorough two-part tender process, which
