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Keith Smith and Willow Oak Asset Management have launched a private investment partnership named the Bonhoeffer Fund, LP. The Bonhoeffer Fund’s portfolio will be managed by Keith Smith with administrative support provided by Willow Oak Asset Management, a subsidiary of Sitestar Corporation (OTCQB: SYTE). Smith will employ a long-only, concentrated, value-oriented strategy with a focus on global securities of companies with market capitalisations of USD100 million to USD500 million.   “This partnership gives outside investors an opportunity to access the investment strategy that I have developed and executed for more than 15 years across various international markets. Bonhoeffer Fund will
Alternative asset management firm Magnetar Capital (Magnetar) has opened a new office at Heritage Plaza in downtown Houston, Texas, to support the firm’s expansion of its energy franchise.  “Magnetar is establishing a Houston office to manage the firm’s growing investment activities in the energy sector,” says Ernie Rogers, Chief Operating Officer at Magnetar. “We believe this infrastructure expansion will nicely complement our existing footprint, while also adding value for our clients and energy sector relationships.”   Led by partners Eric Scheyer and Adam Daley, Magnetar’s energy business began investing in the North American energy sector in 2005 and today manages
Alternatves manager LCM Partners has acquired a significant European portfolio of non-performing and re-performing loans. This landmark deal sees LCM purchase EUR3 billion of assets, comprising over 400,000 individual loans of secured and unsecured, consumer, auto, leasing and SME loans which were originated in the UK, Germany, Italy and Spain.   Investing via the LCM Credit Opportunities III strategy this purchase takes the total deployment to EUR1.3 billion. Managing EUR19.5 billion of loan value, LCM Partners is one of Europe’s largest investors in private debt.   “This transaction is a great example of how LCM is able to leverage its
Altegris Advisors has appointed Robert S Naka as Chief Operating Officer (COO). Naka will report to Martin Beaulieu (pictured), Executive Chairman and CEO of Altegris. Following a strategic review of the firm’s offerings and priorities to better meet the evolving needs of its clients, this appointment reflects the firm’s commitment to delivering best-in-breed alternative investment solutions to individual and institutional clients.   Naka will oversee the firm’s Operations and IT departments to optimise the operational infrastructure of the firm’s systems, processes and personnel. He joins Altegris from Salient Partners, where he was Chief Operating Officer. In this role, Naka planned
Attend almost any financial industry event today and the chances are a panel discussion will refer to blockchain and the transformation opportunities it could afford the industry. It has become a buzzword, a term that one has to pretend to understand and nod sagely whenever it comes up in conversation. If you don’t understand blockchain, you’re not in the club, cast aside as a technological Luddite.  In short, blockchain is a shared digital, immutable ledger that records events or transactions within a fully distributed or peer-to-peer network, whether public or private, and verifies them across the number of participants operating
By Nick Bayley (pictured), Duff & Phelps – Unsurprisingly, even a MiFID II geek like me prefers to spend time enjoying the Lions tour and Wimbledon than with the FCA’s second MiFID II Policy Statement which runs to over a thousand pages, including the Handbook text.  Much work is still to be done, decisions to be made, vendors to be selected, contracts to be updated. Hopefully, though, before people disappear for their summer holidays, the following mid-year checklist will help them to serve a few aces. Such that when everyone returns at the start of September, discussions can move along
The Saemor Europe Alpha Fund posted a modest decline of 0.4 per cent in June, bringing the year-to-date return to a positive 2.1 per cent. Most factors in the firm’s multi factor model did reasonably well in June, but the outperformance of lower quality Banks and a drop in Energy and Materials stocks held the Fund back during the latter part of the month.   “With the market taking a step back since reaching highs in May, our defensive stance was on the mark, but style performances were less clear cut than the direction of the overall market. High beta
Research from recruitment specialist, Robert Half Financial Services, has revealed that 52 per cent of financial services leaders have implemented blockchain due to the ability to facilitate transactions combined with the speed and cost benefits.  Nearly a third (30 per cent) are planning to invest in blockchain in the future and 14 per cent admit they should be considering investment despite having no plans for it at the moment.   As the appetite for blockchain grows, so is the demand for people with the right skills to maximise the technology. Organisations are seeking out financial services professionals with a deep understanding of the
Captive Alternatives (CapAlt), an Atlanta based risk management consultancy that pioneered the Protected Captive, has hired operations and business development professional Emilie Gastley (pictured), as Director of Marketing. In that capacity, Gastley will be charged with educating High Net Worth (HNW) financial professionals and business owners about the benefits of owning a Private Insurance Company.   “Captive Alternatives’ Private Insurance Company is so innovative, it will change the way HNW business owners and families approach risk management, asset protection, estate and tax planning and exit strategies,” says Gastley. “The structure and domicile of the CapAlt Private Insurance Company make it
Michaël Malquarti (pictured), manager of Quaero Capital’s Argos European Equities Long Short Equity strategy, believes European equity markets continue to point to a mid-term bullish picture, from a technical standpoint. The strategy aims to profit from pockets of market inefficiencies through the application of a systematic and objective investment decision process. By combining powerful value and momentum criteria, the model objectively preselects stocks that statistically offer an attractive performance potential.   “Up to May, out of the selected stocks held constituting the long leg of the portfolio, 53 per cent had a positive absolute price performance and 47 per cent

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