Digital Assets Report

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Quantave has entered the closed beta-testing phase for its complete trade life-cycle infrastructure for digital assets. The infrastructure opens the digital assets market to institutional traders and investors, transforming the way they engage and transact with this dynamic market, whilst ensuring the safety and security of their assets. Quantave is now rigorously testing the model with its initial partners.   The existing trade-lifecycle infrastructure that underpins this nascent market has, until now, been largely unsuitable for institutional investors. Accessing liquidity has been complex due to the fragmented nature of the market requiring repetitive onboarding and capital management processes.   Trading
Axioma, a global provider of risk and portfolio management solutions, has formed a new partnership with Omega Point (www.ompnt.com), a portfolio intelligence tool for fundamental-style managers. Through this licensing agreement, Omega Point clients can now access Axioma’s suite of factor models via their existing workflow. This will enable closer alignment of modelling assumptions and risk factors across the front and middle office to achieve a shared view on the drivers of performance and risk that will ultimately lead to more informed investment decisions.   With regulations like MiFID II – set for implementation in 2018 – pressurising buy-side firms to streamline vendor
The Global Financial Markets Association (GFMA), which represents the common interests of the world’s leading financial and capital market participants, has appointed Allison Parent as its new Executive Director, effective 19 June.   Parent will succeed David Strongin who announced his retirement earlier this year. In this role, Parent will be responsible for the day-to-day management of GFMA including all policy initiatives, advocacy and communications efforts. Parent will be based in SIFMA’s Washington, DC office and report directly to the CEO of GFMA.   “We are thrilled to welcome Allison to GFMA,” says Mark Austen (pictured), CEO of GFMA and CEO
P Schoenfeld Asset Management (PSAM) has appointed John McVeigh as a Deputy Portfolio Manager of US Merger Arbitrage. McVeigh brings more than 12 years of investment experience in merger related situations to PSAM. Most recently, he was a Managing Director at TIG Advisors, a global event-driven fund focused on M&A, corporate restructurings and merger related special situations with more than USD1.5 billion in assets under management.   “John will be a strong addition to our recognised teams in New York and London and will reinforce our long term commitment to the strategy. His presence reflects our ongoing effort to expand
Societe Generale Corporate & Investment Banking (SG CIB) has completed a programme to combine its execution teams, adapting to increasing client demand for fully integrated electronic and high-touch trading services across asset classes. In the final stage of this integration, the investment bank’s high-touch cash equity team has moved to join the Global Execution Services (GES) team within Societe Generale Prime Services.   Francois Banneville (pictured), Head of Global Execution Services, now oversees the expanded Global Execution Services team with Howard Sherman reporting into him as Head of High-Touch Cash Equity, Andy Willis as Head of Exchange Traded Derivatives and
UK active funds transaction fees have dropped by 20 per cent since 2014 while portfolio turnover stayed relatively stable over the same period according to independent fund research company, Fitz Partners. The average portfolio turnover of UK domiciled active equity funds hardly moved from 59 per cent to 52 per cent in three years, whilst transaction fees decreased gradually from 0.25 per cent to 0.20 per cent.   Hugues Gillibert (pictured), Fitz Partners Chief Executive Officer says: “We have seen a gradual disconnect between transaction fees and levels of portfolio turnover. A 20 per cent drop in transaction fees over
Aegon Asset Management US has added veteran portfolio manager Christopher Hartman to the company’s fixed income investment team. Hartman has 18 years of industry experience, including nine years as a portfolio manager of the Calamos Market Neutral Income Fund. He started at Aegon Asset Management on 19 June, 2017.   “We look forward to Chris applying his extensive convertible arbitrage expertise to the development of a market neutral strategy,” says Gary Black (pictured), CEO for Aegon Asset Management US. “Chris has the experience, talent and track record in the alternatives space to develop a differentiated strategy that complements the firm’s
Tim Warrington (pictured), has been elected the new chairman of the Group of Boutique Asset Managers (GBAM) at the organisation’s AGM in London on Friday. Stavanger-based Warrington, the deputy Managing Director of Norwegian asset manager SKAGEN, joins past Chairman, Jose Luis Jimenez, Chief Investment Officer at Mapfre, and South African Hlelo Giyose, CEO of Johannesburg-based First Avenue Asset Management, on the GBAM Board. Also elected was Ladislao Larrain, the CEO of Chilean asset manager Larrain Vial Asset Management.   Beltran Parages of Madrid based value manager, azValor, retires from the Board by rotation having served three years. John Morgan, MD
Man Group has appointed Steven Desmyter as Head of Responsible Investment and Chair of Man Group’s Responsible Investment Committee. This position recognises his instrumental role in developing and driving forward the firm’s responsible investment capabilities, in support of clients’ needs. Steven, who is member of Man Group’s Executive Committee and Head of Sales across EMEA, will also continue in his current role.    As Head of Responsible Investment, Steven will lead Man Group’s focus on serving its clients’ interest in incorporating environmental, social and corporate governance (ESG) considerations in the investment decision-making process. He will additionally Chair Man Group’s Responsible
Hedge funds were up 0.33 per cent in May with 2017 year-to-date gains coming in at 3.28 per cent, according to the June 2017 EurekaHedge Report. Investor appetite for hedge funds has picked up pace since the start of the year, with net inflows of USD39.0 billion for the year following redemptions of USD55.1 billion in 2016.   AUM for the North American hedge fund industry has reached a record high of USD1.55 trillion as of May 2017. Since the Trump win in November last year, North American mandates have recorded a growth in AUM of USD56.3 billion – USD39.5

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