2018 Seward & Kissel Seed Transactions Study May16

Posted by & filed under Investing, White Papers/ Thought Pieces.

The overall climate for hedge fund seeding activity warmed considerably in 2018, as the hedge fund industry and the financial markets moved beyond the volatility of 2016 and the perception of being overheated in 2017, resulting in one of the busiest years we have observed for seeding activity in the last decade. Our data indicates that seed deal activity increased decisively year over year, with institutional seeders reasserting themselves as the dominant drivers of activity in the marketplace

... Read more »

Fair Value of Real Estate Assets May10

Posted by & filed under Real Estate, Tax, White Papers/ Thought Pieces.

Our recent white paper, titled “Welcome to the Land of OZ – Tax Benefits of Investing in a Qualified Opportunity Zone Fund,” explored new opportunities resulting from the 2017 tax reform bill to cash out unrealized gains and put them to work within certain low-income areas (called Opportunity Zones) while deferring taxes until December 31, 2026. This follow up white paper provides an overview of techniques for measuring the fair value of these real estate assets under U.S. GAAP.

... Read more »

What Gen Z Thinks Of Payments… May10

Posted by & filed under FinTech, White Papers/ Thought Pieces.

The 2019 Manole Capital interns (from the University of Tampa) just completed our 2nd Annual “Gen Z” financial services survey. The second series of Q&A discussed the PAYMENTS industry, with a focus on credit/debit cards, mobile payments, P2P, cash and ATM’s usage. We uncovered some interesting payment trends and the team did a detailed analysis on “Digital-First” cards (Apple’s new credit card) and Shared Buy Buttons.

... Read more »

The In’s of Outsourcing May1

Posted by & filed under White Papers/ Thought Pieces.

The ‘outsource vs. avoidable expenditure’ decision by investment managers and selection of outsource partners are often pivotal for business growth and scalability. As investors continue to allocate to those managers that have reliable and institutional grade infrastructure, outsourced trading helps attain that goal without bearing the costs

... Read more »

Mitigating Risk in the Merchant Cash Advance Industry: Recognizing and Managing a Looming Threat Apr17

Posted by & filed under Legal, Regulatory, White Papers/ Thought Pieces.

The pursuit of non-correlated, investable, high-returning assets has led private funds to consider ever more esoteric asset classes for possible investment. Merchant cash advance transaction contracts (“MCATs” for short), are one of those receiving the attention of the hedge and private equity industries. MCATs are, in their basic form, an unregulated futures contract for the present purchase of a portion of a merchant’s future receivables. Properly structured, they provide the benefit of discount pricing in the purchase of a financial asset (similar to a factoring arrangement), where that asset — the receivables to be created — does not yet exist

... Read more »