Solutions
Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has launched AbacusGlobalSync.
The new service enables AbacusFLEX IT-as-a-Service clients with geographically diverse offices to securely synchronise files and data within the Abacus Cloud, enabling them to increase efficiency and collaboration while maintaining security and audit controls of their data.
Today’s firms are spread across the globe and often face significant latency and editing conflicts when they need to access and synchronise their data, which can decrease productivity and impact the bottom line. Recognising that firms need fast, secure access to their information, regardless
Hedge fund and private equity administrator, JP Fund Administration (Cayman) Ltd, has grown its Assets Under Administration (AUA) to more than USD5 billion, bringing the JP Integra group total AUA to more than USD6 billion.
Dave van Duynhoven (pictured), head of fund services at JP Integra, says: “2017 was a year of investment in systems and processes to enable us to handle the growing demand for our Cayman based administration services. We passed USD6 billion AUA for the first time and we are excited by prospects in 2018, especially in private equity and investment funds for Family Offices and HNWIs.
Swarm, the blockchain for private equity, has listed SparkLabs, the largest accelerator network in Asia. Founded in 2013, SparkLabs supports innovation sectors including IoT, smart cities, sustainability, and healthcare.
Through its listing of the SPRK Token, Swarm Fund will support SparkLabs’ effort to raise up to USD30 million through a security token offering. This will fund two of SparkLabs’ accelerators, one focused on smart city development in South Korea and another supporting sustainability efforts in Australia.
“We’re excited to bring this unique opportunity to support innovation to Swarm Fund’s members,” says Philipp Pieper, CEO and co-founder of Swarm Fund.
Clipper Coin Capital (CCCX) is to have its global exclusive premier listing on Hong Kong-based crypto exchange Coinsuper on 14 May 2018.
Coinsuper provides crypto trading services to individuals and institutions. It has built a professional crypto exchange with strict listing standards, and ensures stakeholders’ safety with state-of-the-art digital security technology. Coinsuper has a team of professionals with broad experience in financial services, wealth management, and blockchain technology.
Clipper Coin Capital is a decentralised brokerage and investment bank focusing on cryptocurrency markets. Clipper Crypto Rating helps crypto participants avoid ICO scams and trade in the future of blockchain technology.
Carey Olsen’s investment funds team in Jersey has advised CoinShares Group on the successful first close of CoinShares Fund II.
The new investment vehicle follows the June 2017 launch of CoinShares Fund I, the first fund ever to be denominated in Ethereum. Like its predecessor, the closed-ended fund will invest in a range of opportunities in the blockchain space, among them – newly created digital assets, emerging from Initial Coin Offerings (ICOs).
The fund has been authorised under the Jersey Private Fund Regime, a regime which provides for a streamlined regulatory authorisation process as it is a selective offering
Global accountancy network PKF has expanded its successful service for family offices and private funds in the UK and Ireland.
The PKF Funds and Family Office service, which was launched in New York in 2011, has now extended its presence to London, Edinburgh and Dublin. The expansion gives PKF’s Family Office and Investment Fund clients greater access to expertise across some of the world’s leading financial centres. The team already maintains offices in the United States, Geneva, Amsterdam and Luxembourg.
The business has appointed Paul Pratt, formerly with Trusted Family, to help launch the offer in the UK and
By Keith Parker, Link Asset Services – The Irish funds industry had another bumper year with total assets for 2017 growing by EUR298 billion – a 16 per cent year-on-year increase – to a record high of EUR2.4 trillion1, a substantial figure and testament to the attractiveness of Ireland as a global funds domicile. Of this total just over 76 per cent represents UCITS funds’ assets, the balance representing alternative assets. More than 900 fund managers from 50-plus countries have assets serviced in Ireland.2
There are many service providers that form part of the Irish funds industry; these include custodians,
Although most institutional investors are comfortable with the idea of fund managers outsourcing middle- and back-office functions while they focus on managing the investment strategy, they are taking great care and attention at the pre-allocation stage, as part of the ODD process.
Whilst they understand that there are numerous cost benefits and efficiencies to be gained using hosted platforms, they want complete confidence in who the platform provider is.
John Hynes (pictured) is CEO of HedgeFacts, a leading provider of middle- and back-office solutions to alternative fund managers. He notes that the cloud has become a significant game changer for managers
Interest in Ireland among private debt and private equity fund managers remains strong, especially with the highly anticipated amended Irish Investment Limited Partnership (ILP), scheduled to be formally approved later this year.
This is good news for Ireland’s asset servicers. U.S. Bancorp Fund Services, has continued to grow its market share in not only the familiar long/short equity, credit and managed futures segments but also private equity and private debt funds and reinsurance funds.
“Over the last 18 months our assets under administration have grown from USD117 billion to USD187 billion. A considerable portion of that growth has been in
A majority of alternative fund administration firms – 74 per cent – expect consolidation in the alts fund admin space, according to the just-released eVestment Alternative Fund Administration 2018 survey.
This is up dramatically from the 47 per cent of survey respondents who expected consolidation in 2017’s survey.
And despite technology and new players disrupting numerous industries around the world, only 11 per cent of survey respondents expect to see new entrants into the fund administration business over the near term, down from 26 per cent of respondents in the prior year’s results.
Alternative asset managers are increasingly
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