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Hamilton Lane has appointed Lydia A Gavalis as general counsel and Frederick W Shaw as chief compliance officer, effective as 1 April. Robert Cleveland, who served as general counsel at the firm for more than 16 years, will retire at the end of March.   Gavalis (pictured), who had previously served as deputy general counsel, will assume responsibility for all legal affairs globally.   “Bob has been an invaluable part of Hamilton Lane’s success and evolution, and it is with deep appreciation and gratitude that we thank him for his service and wish him well in his retirement,” says Mario
BCS Global Markets, the Russian investment bank and largest securities broker on the Moscow exchange, has appointed Bradley Duke and Tim Bevan as co-chief executives of its UK entity, BCS Prime Brokerage (BCS UK). BCS Global Markets recently adopted a matrix management structure to promote greater oversight and synergies across geographies and business lines.    The decision to appoint two chief executives for BCS UK comes as headcount at BCS UK has grown to over 170 since the beginning of 2017 – with the establishment of a branch in Moscow of the FCA regulated UK entity, that now encompasses the
Axioma, a provider of enterprise market risk and portfolio management solutions, has appointed Jacqueline Gaillard as managing director, people and talent. Gaillard (pictured) was previously senior vice president, human resources and talent management at International Securities Exchange (ISE), the first all-electronic US options exchange.   “Jackie’s proven ability to help rapidly evolving and growing organisations to manage and attract the talent needed to succeed is a perfect fit for Axioma,” says Amaury Dauge, senior managing director and chief financial officer. “As Axioma’s growth continues to accelerate, a first-class support structure is critical to the achievement of our goals. We are
In today’s unpredictable world, it’s more critical than ever that investment managers and advisers establish plans to keep their businesses from experiencing undue harm. Daily business operations can be impacted by a wide variety of scenarios– from the most threatening, large-scale disasters (like terrorism, natural disasters, etc.) to more common, user-provoked errors. But regardless of the size and scope of the disruption, today’s financial firms are often ill-prepared to restore operations in a timely manner – and with minimal impact to the firm. In 2016, the Securities and Exchange Commission (SEC) proposed Rule 206(4)-4, requiring registered investment advisors (RIA) to
Social and geopolitical turbulence across Europe and North America are concerns for global asset managers, according to the 2017 Linedata Global Asset Management & Administration Survey. When asked to forecast the most disruptive trends in asset management a year ago, asset managers highlighted industry-specific concerns: robo-advice (23.5 per cent), movement into alternatives (24.1 per cent) and cybercrime (33.5 per cent).   This year, those concerns remain but have been relegated to second-tier issues (11.6 per cent, 7.4 per cent and 17.9 per cent, respectively).   Nearly a quarter (24.2 per cent) of respondents highlighted political and policy change as the primary
The Depository Trust & Clearing Corporation (DTCC) subsidiary operating the Global Markets Entity Identifier (GMEI) utility continues to operate as the largest legal entity identifier (LEI) issuer, by share of the total LEIs issued worldwide, in the run-up to MiFID II implementation. It has issued more than 240,000 LEIs to entities from over 200 jurisdictions, representing approximately 50 per cent share. The GMEI utility recently received accreditation from the Global Legal Entity Identifier Foundation (GLEIF), which reflects that DTCC has sufficient capabilities in place to ensure high data quality in the Global LEI System (GLEIS).   In addition, SIX Securities
SEI increased its assets under administration (AUA) by 25 per cent in 2016, with year-over-year net flows in its UK private banking business rising by 21 per cent. The business, which provides outsourced investment processing technology for private banks and wealth management firms through the SEI Wealth Platform, ended the year with AUA at GBP31.6 billion, up from GBP25.2 billion in 2015 – an increase of 25 per cent.   In 2016 SEI also added WHIreland, Netwealth, and Munnypot to its client base and extended contracts with Danske Bank and Veritas Investment Management.   SEI’s data reveals that the 2016
ThinkMarkets, a provider of forex, CFDs and financial spread betting, has enhanced its ThinkTrader mobile trading app through the implementation of Neumob’s SDK, an app acceleration framework, to reduce latency for global forex and CFD traders. ThinkMarkets says mobile app users will see a drastic change in the performance of the platform.   Traders will be able to access the numerous functionalities on ThinkTrader, from reviewing charts and live-market-pricing to placing orders and executing trades, in a much faster manner.   The firm’s analytics and data shows that the ThinkTrader mobile app had a swifter load-speed and quicker interactions between
Recently, investor demand has increased for private equity, hybrid public / private funds and alternative yield strategies such as direct lending, asset leasing and royalty streams. As such, the more complex nature of these strategies makes both pre- and post-investment due diligence far more important.  Swiss investors, like all investors, have behavioural biases, which can lead to thorough pre-investment due diligence, but a more laissez faire approach to ongoing diligence post-allocation. Given that many of those "fashionable" strategies hold assets which can be hard to value and may have asset existence issues (assets are not held with a custodian or
According to last year's Preqin Global Hedge Fund Report, Asia Pacific's hedge fund industry had USD159 billion in AUM and the largest allocator, with USD29.9 billion of committed capital, was China Investment Corporation (China's Sovereign Wealth Fund).  In total, there are an estimated 1,709 active hedge funds being managed in the region, and whereas last year's performance relative to the global hedge fund industry was disappointing (1.76 per cent compared to 5.40 per cent), over a three-year period Asia hedge funds have outperformed the US and Europe, returning 6.84 per cent compared to 5.49 per cent. These facts have not

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