UCITS

ARK Invest Acquires Rize ETF Limited, Paving the Way for Its Expansion into Europe, the UK, and New Markets Globally

Retrieved on: 
Tuesday, September 19, 2023
WisdomTree Investments, Rize, ETF, Marketing, Ark Invest, Research, Trade, Acquisition, Legal & General, SFDR, UCITS, ETF Securities, United Kingdom, CIO, Entrepreneurship, Growth, Financial adviser, European

ST. PETERSBURG, Fla., Sept. 19, 2023 /PRNewswire/ -- ARK Invest LLC ("ARK Invest" or "ARK"), the parent of ARK Investment Management LLC, the investment manager led by CEO Cathie Wood, has acquired Rize ETF Limited ("Rize ETF"), Europe's first specialist thematic ETF issuer.

Key Points: 
  • ST. PETERSBURG, Fla., Sept. 19, 2023 /PRNewswire/ -- ARK Invest LLC ("ARK Invest" or "ARK"), the parent of ARK Investment Management LLC, the investment manager led by CEO Cathie Wood, has acquired Rize ETF Limited ("Rize ETF"), Europe's first specialist thematic ETF issuer.
  • The Rize ETF Founders are a proven team of ETF experts and have over 40 years of combined ETF experience.
  • The existing name and brand of Rize ETF will be phased out, and the platform will transition into "ARK Invest Europe," which will be a division of ARK Invest Limited.
  • ARK Invest Europe will serve as the hub for ARK's expansion into the Europe, the UK and new markets globally.

Investcorp-Tages Partnering with Engadine to Broaden its Single Strategy Offerings with the Engadine Long/Short Equity Strategy

Retrieved on: 
Wednesday, September 13, 2023
Partnership, Business, Alpha, Investment, UCITS, CIO, Egerton Capital, Merrill (company), NatWest, Investcorp, Financial services

Investcorp-Tages has become the investment manager of the Engadine Equity Fund effective September 8, and Mr. Sallusti will continue to be the portfolio manager of the fund alongside his existing investment team.

Key Points: 
  • Investcorp-Tages has become the investment manager of the Engadine Equity Fund effective September 8, and Mr. Sallusti will continue to be the portfolio manager of the fund alongside his existing investment team.
  • Prior to founding Engadine Partners in 2016, Mr. Sallusti was the Deputy CIO of Egerton, a leading European equity manager.
  • Investcorp-Tages is active across the hedge fund spectrum, including external hedge fund investments and hedge fund seeding.
  • Prior to Engadine Partners and his Deputy CIO role at Egerton Capital, Mr. Sallusti ran Schroders’ Italian & European Small Cap Research Team.

Vident Celebrates 10th Anniversary

Retrieved on: 
Thursday, August 24, 2023
Professional Services, Other Professional Services, Insurance, Finance, Asset Management, Consulting, Banking, NFL, SMA, Partnership, ETF, Spinal muscular atrophies, Philosophy, AUM, Super Bowl, UCITS, CFO, Environment, Financial adviser, Security (finance)

Vident Asset Management (“Vident”) is today marking its 10th anniversary as a leading provider of a range of asset management and sub-advisory services, powering a growing number of ETFs, hedge funds, SMAs, and more.

Key Points: 
  • Vident Asset Management (“Vident”) is today marking its 10th anniversary as a leading provider of a range of asset management and sub-advisory services, powering a growing number of ETFs, hedge funds, SMAs, and more.
  • We are thrilled to be marking 10 years of working in partnership with many innovative asset and wealth managers,” said Vince Birley, CEO of Vident.
  • Vident is celebrating this milestone shortly after the close of the transaction announced earlier this year that has seen entrepreneur, Casey Crawford, take ownership of Vident and make a significant equity investment in the firm.
  • The deal closed on July 14, 2023, and Vident Advisory, LLC is now officially doing business under the Vident Asset Management brand.

Value Partners Launches the Group's First Article 8 UCITS* ESG Fund

Retrieved on: 
Tuesday, May 30, 2023
United Nations Sustainable Development Group, Investment fund, Foodservice, Food, Sustainable Development Goals, Undertakings for Collective Investment in Transferable Securities Directive 2009, Investment, European Commission Investment Plan for Europe, Central bank, Central Bank of Myanmar, Research, Central Bank of Ireland, Value Partners (asset management), UNSDG, Coronation Fund Managers, European, UCITS, European Communities, Growth, ESG, Fund, European Commission, Safety, Renewable energy, Security (finance)

It also marks the first HKSFC-authorized(1) Asia ex-Japan-focused food and nutrition thematic ESG fund.

Key Points: 
  • It also marks the first HKSFC-authorized(1) Asia ex-Japan-focused food and nutrition thematic ESG fund.
  • The Fund is managed by lead portfolio manager Norman Ho, Senior Investment Director, and co-managed with Lilian Cao, Investment Director.
  • Frank Tsui, Managing Director and Head of ESG Investment at Value Partners Group, said, "The launch of the Fund marks a major milestone of Value Partner' ESG franchise to leverage our robust proprietary ESG rating system to enhance and promote ESG practices in the region.
  • (3) The Fund is a sub-fund of Value Partners Ireland Fund ICAV (the "Company").

Grandview Analytics Welcomes Arun Krishnamurthy as Managing Director

Retrieved on: 
Tuesday, July 25, 2023
Data management, JPMorgan Chase, Krishnamurti, IHS Markit, Neuberger Berman, UCITS, Fidelity Investments, Architecture, Merrill (company), Management

CHICAGO, July 25, 2023 /PRNewswire-PRWeb/ -- Chicago-based Grandview Analytics, a leading technology consulting and data management software company for financial institutions, announced that Arun Krishnamurthy has joined the company as Managing Director. In his role on the Grandview leadership team, Krishnamurthy will champion industry-leading best practices and curate client solutions for complex data and technology integration, architecture, analytics, and governance programs.

Key Points: 
  • CHICAGO, July 25, 2023 /PRNewswire-PRWeb/ -- Chicago-based Grandview Analytics, a leading technology consulting and data management software company for financial institutions, announced that Arun Krishnamurthy has joined the company as Managing Director.
  • In his role on the Grandview leadership team, Krishnamurthy will champion industry-leading best practices and curate client solutions for complex data and technology integration, architecture, analytics, and governance programs.
  • "Grandview Analytics has an admirable roster of financial services clients, and I'm honored to serve as managing director and work with this incredible leadership team," said Krishnamurthy.
  • To speak with Krishnamurthy and learn more about Grandview Analytics products and services connect with him on LinkedIn.

ESMA publishes 2022 UCITS and AIFMD sanction reports

Retrieved on: 
Tuesday, July 18, 2023
Undertakings for Collective Investment in Transferable Securities Directive 2009, National, NCA, Culture, Single Supervisory Mechanism, European Securities and Markets Authority, Investment company, Thema International Fund, Alternative Investment Fund Managers Directive 2011, UCITS, ESMA, Cryptocurrency, Property management, EU

ESMA publishes 2022 UCITS and AIFMD sanction reports

Key Points: 
  • ESMA publishes 2022 UCITS and AIFMD sanction reports
    The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes its 2022 reports on the use by National Competent Authorities (NCAs) of sanctions under the Undertakings for Collective Investments in Transferable Securities (UCITS) and the Alternative Investment Fund Managers Directive (AIFMD).
  • Some highlights from the data
    - UCITS sanctions: In 2022, 9 NCAs imposed a total of 38 penalties, compared with 61 penalties issued by 12 NCAs in 2021.
  • - AIFMD sanctions: In 2022, 10 NCAs issued a total amount of penalties of €2.5M, compared to €42.9M in 2021.
  • - 16 NCAs did not impose any sanction either under the UCITS Directive or the AIFMD during this period.

ESMA and NCAs to assess disclosures and sustainability risks in the investment fund sector

Retrieved on: 
Thursday, July 6, 2023
National, CSA, Single Supervisory Mechanism, Disclosure, European Securities and Markets Authority, SFDR, UCITS, Compliance, ESG, ESMA, Property management, Risk management

ESMA and NCAs to assess disclosures and sustainability risks in the investment fund sector

Key Points: 
  • ESMA and NCAs to assess disclosures and sustainability risks in the investment fund sector
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is today launching a Common Supervisory Action (CSA) with National Competent Authorities (NCAs) on sustainability-related disclosures and the integration of sustainability risks.
  • Using a common methodology developed by ESMA, NCAs will share knowledge and experiences on how to foster convergence in how they supervise sustainability related disclosure.
  • In addition, the preliminary findings on the identification of greenwashing risks at entity and product level will provide input to ESMA’s Final Report on greenwashing.
  • Next steps
    In 2023 and until Q3 2024, NCAs will undertake their supervisory activities and share knowledge and experiences through ESMA to foster convergence in how they supervise sustainability-related disclosures and sustainability risk integration in asset managers.

Kayne Anderson Rudnick Announces New Investment Management Leadership Roles

Retrieved on: 
Thursday, June 29, 2023
Asset Management, Professional Services, Finance, CFA, Biel/Bienne, Rock (geology), Research, Mentorship, Foreman, Philosophy, UCITS, CIO, Growth, KAR, Management, Bank

Kayne Anderson Rudnick (KAR), a boutique investment adviser and affiliated manager of Virtus Investment Partners, Inc., today announced new leadership roles for its investment management team with the promotions of Craig Stone to co-chief investment officer, Todd Beiley, CFA, to head of research, and Julie Biel, CFA, to chief market strategist.

Key Points: 
  • Kayne Anderson Rudnick (KAR), a boutique investment adviser and affiliated manager of Virtus Investment Partners, Inc., today announced new leadership roles for its investment management team with the promotions of Craig Stone to co-chief investment officer, Todd Beiley, CFA, to head of research, and Julie Biel, CFA, to chief market strategist.
  • As Co-CIO, Stone will share responsibility for leading KAR’s equity team and investment operations with Douglas S. Foreman, CFA, who has been CIO since 2014.
  • Foreman, Stone, Beiley, and Biel will maintain their portfolio management responsibilities with their current investment strategies and funds.
  • “Todd has more than two decades of experience at KAR and his leadership of the research team will keep investment research a competitive advantage for our firm.

Bancolombia Capital Selects Marstone to Bring Digital Wealth Management Services to Latin American Customer Base as Platform Becomes Multilingual

Retrieved on: 
Wednesday, June 28, 2023
Professional Services, Technology, Finance, Software, Fintech, Banking, Partnership, ETF, BLK, BlackRock, Documentation, UCITS, NYSE, CIB, Cryptocurrency, Bancolombia

To frictionlessly provide this product, Marstone is working with BlackRock, Inc. (BLK), a multinational investment firm based in New York City to provide Bancolombia Capital clients with access to select UCITS strategies.

Key Points: 
  • To frictionlessly provide this product, Marstone is working with BlackRock, Inc. (BLK), a multinational investment firm based in New York City to provide Bancolombia Capital clients with access to select UCITS strategies.
  • To allow for a more seamless customer experience, Marstone’s platform is now multilingual, supporting Bancolombia Capital clients in Spanish as well as English.
  • Our latest partnership with Bancolombia marks the expansion of Marstone’s digital wealth solutions to Latin American customers,” said Margaret J. Hartigan, co-founder and CEO of Marstone.
  • The digital accessibility Marstone provides enables customers to open international accounts online avoiding the difficulty and lag time of manual, paper documentation.

Candriam and New York Life Investments partner to expand Candriam's offshore business

Retrieved on: 
Tuesday, June 27, 2023
UCITS, Biotechnology, Partnership, New York Life Investments, New York Life Insurance Company, International development, Financial services, Security (finance), Candriam

NEW YORK, June 27, 2023 /PRNewswire/ -- Candriam and New York Life Investments today announced their expanded partnership to deliver offshore capabilities and solutions reaching global investors whose wealth is managed in the US.

Key Points: 
  • NEW YORK, June 27, 2023 /PRNewswire/ -- Candriam and New York Life Investments today announced their expanded partnership to deliver offshore capabilities and solutions reaching global investors whose wealth is managed in the US.
  • In some cases, Candriam will be able to offer clones of existing US mutual funds, managed by its affiliates, for the first time to these investors.
  • New York Life Investments' sales teams will use their on-the-ground relationships in the US and leverage the company's scale to support introductory conversations with US-based broker-dealers and financial firms.
  • Candriam's growth in the US offshore market will support ongoing sales efforts in Latin America, led by Candriam's sales team in Spain.