Digital Assets Report

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The Colt PrizmNet, a financial extranet offering deterministic low latencies for delivering data, software, content and financial services worldwide, now connects three out of the five leading brokers in US electronic equity trading. Colt PrizmNet provides connectivity to all major venues, ensuring best execution and visibility into global markets, and increasing algorithmic trading efficiency.   Over the past year, Colt has expanded the pool of providers available on Colt PrizmNet from 50 to 75, including Ak Investment, Applied Blockchain, Cappitech, and Succession Systems. The Colt PrizmNet reach continues to expand with more than 100 providers being on boarded this year.
Neudata, a provider of global equity, currency, commodity, fixed income and derivatives market intelligence to sophisticated investment managers, has appointed Robert Benson as an investor and business adviser. Benson (pictured) is an active investor in promising start-up businesses within the financial and data sectors.   He will be based in London and will assist the Neudata team in growing its alternative data intelligence platform which is used by hedge fund managers and other institutional investors.   “We are very excited and honoured to have someone of Rob’s calibre and expertise on our extended team of professionals,” says Rado Lipuš, founder
Independent fund and corporate services provider the Aztec Group has established two Jersey Private Funds (JPFs), the first funds to be formed since the regime’s inception on 18 April 2017.  Introduced last month by the Jersey Financial Services Commission, the new JPF product has been designed to rationalise and consolidate Jersey’s private fund regimes for funds offered to up to 50 professional investors.    The Aztec Group worked closely with law firm Mourant Ozannes to establish the first new fund structures approved under the new regime. The first, a private equity fund, required a closed-ended limited partnership managed by its
FundRock Management Company has been selected by CRUX Asset Management to provide management company services to its new UCITS fund, the CRUX Global Fund. Services include the supervision of the delegated functions (portfolio management, central administration, distribution) and risk monitoring.   Established in 2014, CRUX Asset Management is an employee-owned fund management firm headquartered in London. The CRUX Global Fund will launch one sub-fund at the outset, the CRUX European Special Situations Feeder Fund, and will invest the majority of its assets into the GBP1.5 billion FP CRUX European Special Situations vehicle. The new fund will launch on 15 May 2017.
Michael Platt is the wealthiest hedge fund manager in the UK, according to the new edition of The Sunday Times Rich List, to be published on 7 May.    Platt (pictured), the co-founder and managing director of London-based hedge fund BlueCrest Capital Management, has seen his wealth go up GBP300 million in the past year.   The firm now only handles the wealth of partners and members after Geneva-based Platt, 49, called time last year on managing money from outside clients. The move worked as the fund reported a 50 per cent gain during 2016.   The business, which was valued at GBP1.51 billion in 2011,
Wellfleet Credit Partners, the credit business of private investment firm Littlejohn & Co, has closed a USD457.8 million collateralised loan obligation (CLO), Wellfleet CLO 2017-1, the fourth CLO issuance for the firm. Benefitting from supportive market conditions and investor receptivity, CLO 2017-1 was upsized approximately USD50.0 million during marketing.   With the completion of this CLO, Wellfleet is managing four CLOs that total over USD1.5 billion in aggregate.   The CLO will be backed by a diversified portfolio of broadly syndicated senior secured loans. Five classes of notes rated Aaa through Ba3 by Moody’s and one class of notes rated
Bernard Minsky has joined Cowen Group’s international prime services team as director and head of risk management. Kevin LoPrimo (pictured), head of international prime brokerage, says: “We are proud to welcome Bernie, a seasoned professional, to lead our international prime services risk management team. Bernie has 30+ years of experience in the investment industry as a risk manager, business operator and consultant. Bernie and I had worked together before during our time at Goldman Sachs and are pleased to have the opportunity to do so again. He has a demonstrated ability to assess and navigate risk in a variety of
Financial professionals using Thomson Reuters’ flagship desktop can now integrate their internal and partner applications through the launch of its Side by Side Integration API. Together with App Studio, Eikon’s third-party developer suite, users can extract greater value from Eikon through a more seamless workflow on a single desktop.       The new API is designed to meet the changing needs of financial professionals as they use an ever-expanding number of applications from different providers to reflect individual needs and market segments.   Side by Side Integration can connect any financial application on the desktop to Eikon, helping users move seamless
HSBC Securities Services (HSS) has been mandated as custodian and fund services provider by US-based asset manager DoubleLine Capital for its new Luxembourg UCITS umbrella. The new umbrella has initially launched with two sub funds, with potential further sub funds being introduced in 2017, and is aimed at allowing DoubleLine to mirror successful strategies it has in the US and market those to European investors.   Carol Hughes, head of client services, securities services, HSBC in Luxembourg, says: “We are delighted through the expertise we have in administering Luxembourg UCITS funds to be able to support DoubleLine as they expand
Hedge funds investing in emerging Asia, specifically in India and China, posted the strongest quarterly performance since Q2 2015, benefitting from improving investor expectations for global growth and favourable currency market trading in Q1 2017. That’s according to the latest HFR Asian Hedge Fund Industry Report which reveals that the HFRX India Index surged 19.05 per cent in Q1, its strongest quarterly gain since 2Q09, and topping Indian equity performance, as measured by the BSE Sensex 30 Index, by 780 basis points, leading all HFR indices for the quarter.   Despite the strong performance, total capital invested in Asian-focused hedge

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