EU alt investment funds worth €4.9tr in 2017: ESMA
Alternative Investment Funds based in the EU was worth €4.9 trillion in 2017, as measured by Net Asset Value (NAV), according to The European Securities and Markets Authority (ESMA) first statistical report on the sector. That is nearly one third of the total EU fund industry.
Cayman remains top spot for offshore deal making
The Cayman Islands recorded 31% of all offshore M&A transactions and 26% of total deal value in 2018, maintaining its spot as the top jurisdiction for offshore deal making last year, according to a report released by offshore law firm Appleby.
CIMA opens applications for scholarship programme
The Cayman Islands Monetary Authority (CIMA) has opened applications for The Thomas Jefferson Memorial Scholarship.
Two thirds believe investing in innovation should be a priority
Two-thirds of alternative investment professionals believe that investing in innovation should be the top priority for CEOs and C-suite executives, according to the results of a survey by the Cayman Alternative Investment Summit (CAIS) at its sixth annual conference, which took place in February in the Cayman Islands.
US and UK bodies issue reassurance on derivatives trading post Brexit
The US Commodity Futures Trading Commission (CFTC) and the Bank of England, including the Prudential Regulation Authority (BoE) and the Financial Conduct Authority (FCA) have issued a statement regarding derivatives trading and clearing activities between the United Kingdom (UK) and United States (US) after the UK’s withdrawal from the European Union (EU).
New cybersecurity platform launched for asset managers
ThreatAware has launched a new software platform aimed at asset managers designed to allow directors with no specialist IT skills to monitor the whole of their cybersecurity.
More than half of financial services execs only update IT when they have to
Some 52 per cent of senior decision-makers in financial services organisations in the US and Europe update or replace in-house solutions because they become technologically outdated, according to a new report by Asset Control.
Lucena partners with Wall Street Horizon on new platform
Lucena Research, a specialist in predictive analytics for financial markets, and Wall Street Horizon, the leading provider of corporate earnings and events data to institutional investors, have launched a new combined offering designed to deliver actionable signals for investment.
Funds services firm SMP Group unveils MBO backed by Palatine
SMP Group, which provides a range of fund services globally, has announced a management buyout, as part of a planned leadership succession process, backed by Palatine Private Equity. The MBO is subject to regulatory approval.
CIMA appoints former Anguilla Financial exec as head of securities
The Cayman Islands Monetary Authority (CIMA) has appointed a new head of securities in its Supervision Division.
