Solutions
Jersey has introduced a new regulatory framework for private funds which the Jersey Financial Services Commission believes will enhance the island’s competitiveness as a jurisdiction in which to establish funds.
The new Jersey Private Fund consolidates and streamlines Jersey’s private fund offering and will enable funds with up to 50 investors to take advantage of a fast-track authorisation process and lighter ongoing regulatory requirements.
It is designed to provide a more flexible and versatile framework which will further improve the speed and ease with which funds marketed to professional investors can be established. The framework ensures continued compliance with
The Jersey Financial Services Commission (JFSC) has launched the Jersey Private Fund (JPF) Guide, setting out the criteria for Jersey’s new private fund product which can be marketed to up to 50 professional investors.
The JFSC has launched the JPF Guide after feedback from the industry on its joint consultation with the government which, undertaken in 2016, focused on the “rationalisation and consolidation of Jersey’s private fund and unregulated fund regimes”.
The regulator has also taken account of product developments in other jurisdictions.
The launch of Jersey’s new single private fund product will see the phasing out of
Cyber London (CyLon), the dedicated cyber security accelerator, has announced the eight security start-ups participating in its fifth programme. CyLon has already accelerated 31 companies since its launch in April 2015.
CyLon writes that its cyber security accelerator consists of a three-month programme where entrepreneurial teams with innovative and disruptive business ideas are provided with access to expert training and guidance from an accomplished network of mentors and investors to bring their product to market.
At the end of this programme, the companies will present their businesses to prospective customers, investors and partners at an Investor and Customer focused Demo
Pacific Fund Systems (PFS), a provider of fully integrated fund administration software via its PFS-PAXUS application, has appointed Didier Lucotte as cloud services manager in the firm’s European operations team.
Lucotte, who will based in the group’s Isle of Man office, is an experienced cloud project manager having previously served in this role with a UK listed telecoms company.
His role will encompass bringing the PFS-CLOUD initiative online and subsequently managing new and existing client migration onto the PFS-CLOUD.
As part of the new service PFS will offer its core software products, PFS- PAXUS and PFS-CONNECT via a
Last year the number of hedge fund launches globally fell by an estimated 40 per cent, but despite this there have been a number of positive developments for the funds industry in the BVI.
One is the creation of an AIFMD opt-in regime for the BVI, called the Securities and Investment Business (AIFMD) Regulations, as the BVI looks to seek approval from the European regulator, ESMA, for third country equivalence and introduces into the BVI an AIFMD equivalent regime.
"Secondly, there is fairly advanced work on updating the BVI's Partnership Act. This statute is due a refresh and expected to
Traditionally, hedge funds and private equity firms have allocated significant capital budgets to build out their own sophisticated Communication (Comm.) Rooms, which can take months to provision and bring online. With servers to buy and install, software to license and configure, and voice/networks to deploy – not to mention recruiting, hiring, and managing expensive and hard-to-find IT talent – it’s no wonder cloud solutions have emerged as the dominant choice for computing infrastructures at investment firms large and small.
Not surprisingly, many investment management firms – including those with well-established in-house infrastructures – are making the move to the cloud
Advanced Logic Analytics (ALA), a provider of enterprise wide big data and finance analytics solutions for buy- and sell-side institutions and other financial firms, has launched its core big data analytics platform, ALA OneLogic.
ALA OneLogic was developed to provide advanced big data analytics capabilities for financial markets firms requiring powerful mining, processing, managing and analysis of their enterprise-wide information assets and external data sources, in one optimised platform.
Nick Ellis (pictured), managing director at ALA, says: “Big data is complex and in itself it does not create value. Firms that are able to become masters of data through
Outsourcing has not only become an accepted practice among hedge fund managers, it has become a necessity as funds large and small seek out ways to control their costs, manage their internal resources more effectively, and overcome the ever growing challenge of regulatory compliance.
Perhaps more than ever before, hedge fund managers recognise that as cloud technology makes huge strides forward it makes more sense to focus on their core activities of investing and raising capital, appointing a trusted outsourced provider to manage the raft of non-core activities that investors do not want managers to be preoccupied with.
Indeed, while
The number of Jersey-registered fund managers marketing into Europe through national private placement regimes (NPPRs) under the Alternative Investment Fund Managers Directive (AIFMD) continued to rise during 2016, according to the latest figures from the Jersey Financial Services Commission (JFSC).
As at December 2016, 127 alternative investment fund managers (AIFMs) had been authorised in Jersey to market into Europe through NPPRs, up more than one fifth (22 per cent) compared to December 2015.
Over the same period, the total number of Jersey alternative investment funds (AIFs) being marketed into Europe through NPPRs also increased significantly to stand at 254,
Ciphrex Corp, a software company in the emerging field of cryptocurrency and blockchain technology, has appointed venture capitalist Alyse Killeen to its board of advisers.
Killeen, now managing partner at StillMark Co, an investment advisory and venture investment group, is an advocate of decentralised consensus network technologies that enable transactions in digital assets.
She is a recognised and sought-after adviser to start-ups in the cryptotech space, including Netki and Factom. She is a board director of BitGive – the first Bitcoin non-profit – and her prominence in blockchain-related venture funding was featured in a recent Forbes magazine article.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
