Digital Assets Report

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BCS Global Markets, the Russian investment bank and largest securities broker on the Moscow exchange, has appointed Andrey Yumatov, to the newly created role of Deputy Chief Business Officer, Capital Markets and Investment Banking, Russia and CIS. Prior to joining BCS Global Markets Yumatov worked as Senior Vice-president at JSCB Rossisky Capital.   Yumatov started his career in 1992 and brings almost 25 years experience in finance and investment banking. Before joining BCS Global Markets, Andrey has held management positions at OJSC CB Bank Austria, CJSC UniCredit Bank, Deutsche Bank, JSC VTB Bank and OJSC Bank of Moscow. Andrey graduated
Misys and D+H have joined forces to create a diversified global financial software provider which will operate under the new company name Finastra. The combination will create the third largest financial services technology company in the world, with approximately 10,000 employees and over 9,000 customers across 130 countries, including 48 of the top 50 banks globally. This follows the acquisition of D+H by Vista Equity Partners, which already owns Misys, creating a merger of two highly complementary financial technology providers.   Finastra will be led by Nadeem Syed in the role of Chief Executive Officer. Syed was previously CEO of
FinTech company Red Deer and TheySay, a text analytics company created by computational linguists from the University of Oxford specialising in sentiment analysis and emotional AI, are to collaborate on deep text analytics to automatically connect, contextualise and analyse research, market, alternative and social data to facilitate better investment decision-making for active investment managers. The recent exponential growth in Big Data has meant the investment community has been struggling to keep up with a rapidly expanding data universe, making the task of filtering data in real-time and converting it into tradable insight increasingly challenging.  Attempts to address these big data
Coinsilium Group Limited, an accelerator that finances and manages the development of early-stage blockchain technology companies, has signed a Memorandum of Understanding (MoU) with HyperChain Capital a hedge fund focused on investing in Blockchain companies. Under the terms of the MoU, the firms will collaborate and finance co-investment opportunities in blockchain companies.   Investments in Blockchain companies via ICOs have surpassed VC investments in 2017.   HyperChain, led by Stelian Balta, is one of the world’s first large hedge funds investing in blockchain companies and new blockchain protocols via the acquisition of newly issued crypto and application-specific tokens (‘Tokens’).  
By Joseph Bartolotta (pictured), Meyler Capital – The term ‘marketing’ as used in the Alternatives industry has a different meaning than in just about any other industry.  Usually, Marketing involves brand development, advertising, promotion, market research, communications strategy and visual / graphic production.  But in the Alternatives space ‘marketing’ has been much more closely identified with sales and with relationship management – quite literally, selling a fund to the market. That definition worked well enough when there were 100 funds instead of 10,000 and when investors actively sought out fund managers who were producing prodigious alpha.  But in 2017 the
Ledgex Systems, a provider of portfolio and research management solutions for the alternative and institutional investment industries, is partnering with Allocator to provide clients streamlined and standardised access to fund information.  With Allocator, data is gathered from more than 3,700 funds and standardised so investors have a defined process to access real time information in a relevant format. Through this partnership, Ledgex clients can directly pipe Allocator’s data, collected directly from hedge fund and private equity fund managers, into the Ledgex platform. The value of Allocator’s data is magnified by the powerful research management and portfolio management capabilities of the
Euroclear is partnering with Quantessence, a UK-based financial technology company delivering an open architecture platform that manages the running of predefined asset allocation algorithms. The first application on the platform will offer a service for iCPPI products.  iCPPI is a risk management strategy that runs pre-agreed asset allocation algorithms to provide capital protection to an individual’s fund portfolio.  The service will connect distributors, asset managers and hedge providers (investment banks and re-insurers) on the Euroclear Quantessence platform to automate the running of these algorithms.  By combining Quantessence’s market expertise and Euroclear’s strength of running and managing market infrastructure solutions, this
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.34 per cent in May, outperforming the 0.24 per cent monthly return of the HFRX Global Hedge Fund Index.  The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index SM.   “Long-biased strategies outperformed in May, benefitting from strong global equity markets, with notable performance from the Information Technology, Utilities, and Consumer Staples sectors. Growth-oriented
BNY Mellon has appointed Peter Salvage (pictured) to the newly-created role of Global Head, Hedge Fund Services. He will report to Chandresh Iyer, Chief Executive Officer of BNY Mellon’s Global Alternative Investment Services and Structured Products business. “Peter brings extensive experience in hedge fund middle and back office services, innovation and technology,” says Iyer. “His deep knowledge and track record of results delivering business expansion strategies in the space, and his strong emphasis on understanding hedge fund client needs and innovation, will be critical for BNY Mellon in serving our expanding client base of hedge, credit and hybrid private equity
The Preqin All-Strategies Hedge Fund benchmark returned 0.26 per cent in May, marking the seventh consecutive month of positive returns for the industry. Overall, hedge funds have recorded just three months of losses since the start of 2016. Multi-strategy hedge funds posted the highest returns of any leading strategy, at 1.40 per cent, while relative value funds were the only leading strategy to see losses, recording -0.38 per cent for the month. Despite falling slightly, 12-month returns for the industry are at 10.33 per cent, surpassing the expectations for hedge fund performance that investors gave Preqin at the start of

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