16th October 2018
New research now offers a unique road map for all emerging and start-up hedge fund managers as they make their way to $1bn AUM. This has been achieved byanalysing the path to growth and crucial insights of larger, more established managers who blazed a trail in building billion-dollar hedge fund businesses.
Produced by the Alternative Investment Management Association (AIMA), alternative prime broker GPP and Edgefolio, ‘Making it Big’ is informed through an industry wide survey and a series of roundtable discussions posed to asset managers and industry allocators representing an estimated $500bn in total hedge fund AUM. Hedge fund representation in the report includes responses from 155 managers and, crucially, also reflects the opinions of 60 hedge fund allocators, accounting for approximately $89bn.
12th October 2018
Maven Property, the property arm of Maven Capital Partners, has completed the £14.5 million sale of Hotel Indigo Glasgow, a four-star, 94-bedroom hotel with restaurant in the centre of the city, to Heeton Holdings, a Singapore-listed real estate conglomerate.
The structure of the transaction includes the sale of the Freehold (in Scotland “Heritable”) interest in the hotel to a Ground Rent Fund and of the resultant long leasehold interest to Heeton, which has acquired the trading business and goodwill of the Hotel. There has been little precedent in structuring hotel sales in this way, but Maven’s significant experience of hotel development funding structures has enabled it to split these two interests in the Hotel and drive additional value for its investors.
8th October 2018
British Business Investments, a commercial subsidiary of the British Business Bank, has made a £25m Tier 2 capital investment in Secure Trust Bank, demonstrating its continued commitment to improving access to capital for UK smaller businesses.Secure Trust Bank focuses on carefully selected segments of the business and consumer markets and this year signed up its one millionth customer.
4th October 2018
Eos Venture Partners, the specialist venture capital fund investing in insurance technology (InsurTech), has made its first two investments. The fund is one of the first global, strategic InsurTech investment funds targeting early and growth stage investments.
The first two investments are in Concirrus, a marine insurance analytics platform and in Digital Fineprint (DFP) an SME-focused lead generation and underwriting solution.
24th September 2018
The UK Treasury Select Committee’s conclusion that crypto-assets should be regulated demonstrates cryptocurrencies are part of mainstream finance and the sector is likely to rally as a result.
This is an observation from Nigel Green, founder and CEO of deVere Group, which launched the exchange app deVere Crypto earlier this year following a unanimously-agreed report by the Commons Select Committee on crypto-assets for its Digital Currencies
24th September 2018
FUNDING Circle is seeking a market valuation of up to £1.8bn through its upcoming initial public offering (IPO) on the London Stock Exchange.
20th September 2018
Mambu, the SaaS banking engine powering modern digital financial services, has launched Mambu Process Orchestrator (MPO).
18th September 2018
Ethereum Classic and ZCash have been added to deVere Crypto, one of the world’s leading cryptocurrency exchanges, due to strong client demand.
12th September 2018
ACA Compliance Group has completed the acquisition of Cordium, a leading provider of governance, risk, and compliance (GRC) products and services. As of today, ACA employs nearly 700 people and provides products and services to over 4,000 clients worldwide. The financial terms of the transaction will not be disclosed.
6th September 2018
The total value of funds business in Guernsey is at a five-year high following a predicted rise in net asset value in Q2 2018, according to the latest figures from the Guernsey Financial Services Commission.
The figures for the end of June 2018 showed the net asset value stood at £276.2 billion, the highest since the end of June 2013, and a growth of more than £13 billion (4.94%) on Q1 2018 and a 12-month growth of more than £5 billion (1.9%).
30th August 2018
Kuber Ventures has produced a fifth in its series of CPD qualifying educational animations, which provides an educational insight into inheritance tax planning.