Digital Assets Report

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SEI has welcomed three new participants to Codify, the company’s new Regulation Technology (RegTech) incubator. Codify is the first London-based incubator designed solely for financial regulation technology developers. The incubator provides participants with crucial business resources and development opportunities, including office space in SEI’s UK headquarters for a minimum of four months, providing access to SEI’s extensive in-house resources and exposing them to a number of financial services sectors. Mentoring from both SEI employees and third-party experts across various disciplines is also part of the package.  External mentors include Jason Boud of the RegTech Forum, executives from leading RegTech start-ups, and
American Century Investments has expanded its suite of liquid alternative investment strategies with the AC Alternatives Disciplined Long Short Fund, which is aimed at clients and investors who are seeking equities with potentially lower volatility. "AC Alternatives Disciplined Long Short is a welcome addition because it's another way to help clients strive to mitigate risk in their portfolios," says Cleo Chang (pictured), senior vice president and head of alternative investments for American Century Investments. "We also believe long short strategies can provide important diversification with the potential for more consistent returns over a full market cycle."   The fund is
iCapital Network, a financial technology platform focused on democratising access to alternative investments for high-net-worth investors and their financial advisers, has appointed Thomas Fortin as managing partner and chief operating officer (COO). Fortin (pictured) will report to iCapital Network’s chief executive officer, Lawrence Calcano, and be responsible for technology development and the investor services group.   Fortin joins iCapital from BlackRock, where he was head of retail technology in the BlackRock Solutions group and responsible for the strategy, design, and development of retail sales enablement and digital distribution solutions. He also drove the acquisition of FutureAdvisor.   “We are delighted
Global hedge fund middle office and accounting firm Viteos has been awarded Best Global Shadow Accounting Firm at the Hedgeweek Global Awards 2017. Hedgeweek notes that the awards recognise “excellence among hedge fund managers and service providers (and) celebrate the achievements of firms that contributed to another significant year for the sector.”   Especially significant is that winners are selected by Hedgeweek’s readership across the entire scope of professionals in the hedge fund space, including investors and managers as well as fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors.   Hedge funds and traditional asset managers have
Vincent Au, the portfolio manager at New York-based hedge fund management firm Gondor Capital Management, has told investors that the best measuring stick in determining performance are quarterly and yearly returns. “A good measuring stick is the returns of a fund not monthly, but quarterly and yearly,” says Au. “While I am thrilled with the Gondor’s returns, the number I am most proud of is 80 per cent plus, that number reflects the percentage of months Gondor has been profitable since inception almost four years ago.”   Since inception in July 2013, the Gondor Partners LP and the Gondor Funds
Hedge funds generated alpha last week, with global macro funds outperforming thanks to higher dollar and oil prices, according to Lyxor’s latest hedge fund weekly brief. Amid slightly negative global equities, L/S Equity funds succeeded in extracting excess returns, especially in Europe through relative trades.   Two weeks and counting before the very atypical French presidential elections, hedge funds are displaying disparate stances on this event.   Global macro funds at Lyxor seem to be prudently positioned. After the UK referendum and the US election surprises, they are more cautious. While they do not seem to be taking a particular
Triple Leo Consulting, founded by industry veteran Mike Quinn, has launched its full-service hedge fund administration and operational consulting business based in the Philadelphia suburbs. Triple Leo will offer full-service fund administration and operational consulting services to alternative investment managers, primarily in the hedge funds and fund of funds space.   The firm will also provide services for separately managed accounts and family offices.   Quinn says: “The firm was founded on the premise that financial services needs to be simple, efficient and timely. Our goal is to provide very high-quality, customised solutions to investment managers, while keeping the costs
Nick Bayley is a managing director in the Compliance and Regulatory Consulting practice at Duff & Phelps. Prior to this, Nick was a Head of Department in the FCA’s Markets Policy & International Division, FCA Senior Markets Adviser and was responsible for the UK regulator’s MiFID II Policy Project.  Last month the Alternative Investment Management Association (AIMA) published a ‘MiFID II Vendor List’, to help firms that haven’t made decisions about which third-party vendors to use.  Choosing one’s preferred suppliers should ideally be a relatively straightforward process but my advice, particularly to MiFID investment firms, is to act quickly, because
Ronit Capital has launched the Ronit Global Opportunities UCITS Fund, a global long/short strategy focused on liquid emerging markets and the European periphery, on the MontLake UCITS Platform. MontLake is an independent platform for UCITS funds that provides investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin.   The Ronit Global Opportunities UCITS Fund seeks long term absolute returns by trading a fundamental, bottom-up strategy with macro overlays, to capitalise on global opportunities with a focus on emerging markets and the European periphery.   The investment strategy will only invest across a liquid
Hedge funds advanced again in March, concluding a first quarter that saw gains in all three months and adding to a period of extended positive performance that has seen industry returns climb for five consecutive months and 12 of the last 13 months, according to data released by HFR. The HFRI Fund Weighted Composite Index (FWC) advanced +0.24 per cent for the month, topping the March performance of both the S&P 500 and DJIA.   The March gain extends the HFRI FWC Index Value to 13,252, the fourth consecutive monthly record. For 1Q17, the HFRI is up 2.3 per cent,

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