Liberty Equity Management, a U.S.-based manager specialising in the tokenisation of commercial real estate investments, has appointed Stonegate Global Fund Services, in partnership with Securitize, to provide fund structuring, administration and tokenisation services for its new net lease security token fund. The Cayman and U.S. fund structure will enable both U.S. and global investors to…
Category: Alts
IQ-EQ adds two senior managers to Cayman team
IQ-EQ has appointed James Bolton as country delivery director and Andrew Edgington as client director for the Cayman Islands. Bolton joins from Citco, whilst Edgington joins after a spell as an independent consultant. He has previously worked at Barings, Northern Trust and Gartmore.
Alter Domus makes acquisitions in London & Boston
Alter Domus, a Luxembourg-based provider of solutions to the alternative investment industry, has acquired London-based fintech, Credit-Vision Limited. Credit-Vision is a data and analytics platform for corporate credit investors. Credit-Vision streamlines and modernises portfolio management by automating data extraction from issuers’ financial reports and channels financial data from multiple sources into a single access point.…
Coremont hires Michele Deely as head of sales and client relations
Coremont, which was spun out from Brevan Howard in 2018, has hired Michele Deely as head of sales and client relations. Deely spent 17 years at IFS, a State Street company. State Street signed a deal with Coremont earlier in 2020 to provide an integrated front-to-back service for hedge fund managers.
Cordovan Capital Management selects IQ-EQ for first institutional PE fund
Cordovan Capital Management, a Northern Ireland-based private equity house, has appointed IQ-EQ to support its first institutional fund. The new fund aims for a total AuM of GBP50m. IQ-EQ is providing fund administration and depositary services, as well as appointed representative and UK AIFM services.
DBS and SGX launch Digital Exchange
DBS, the Singapore-based bank, is to establish a digital exchange, enabling institutional and accredited investors to tap into a fully integrated tokenisation, trading and custody ecosystem for digital assets. Singapore Exchange (SGX) will take a 10pct stake in the DBS Digital Exchange. The exchange will include: Security Token Offerings – A regulated platform for the…
HSBC facilitates first onshore private fund investment in China
HSBC has facilitated the first onshore private fund investment via the Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (QFII/RQFII) scheme in mainland China. HSBC is the custodian, providing services including investment scope update filing, payments, and custody for this market-first transaction completed by Baring Asset Management Limited. The fund is the first…
Axxion transfers nine AIFs to CACEIS in Germany
Axxion S.A., a Luxembourg-based management company, has transferred nine of its funds to CACEIS in Germany. These funds are open-ended special AIFs, regulated under German law. CACEIS will provide depository and custody services as well as FX trading, fund execution, and execution & clearing for exchange traded derivatives. Total AuA is c. EUR1bn (USD1.2bn). Axxion…
Ireland passes bill to facilitate private capital growth
Ireland has completed a key financial services bill that has been in the works for over five years and is expected to create 3,000 jobs by 2025 while attracting up to EUR20bn per annum in global private capital. The Investment Limited Partnerships (Amendment) Bill 2020 opens the door for new global private fund market entrants…
HF FS hires Monette Windsor from MUFG in Cayman
HF Fund Services, a member of the Equiom Group, has appointed Monette Windsor as director in its Cayman Islands office. HF Fund Services provides independent directors to alternative investment funds and investment management companies. Previously, she was the managing director of MUFG Alternative Fund Services (Cayman) Limited, (formerly UBS Fund Services (Cayman) Ltd).