Digital Assets Report

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City Financial, an independent investment management firm with USD4 billion in group assets under management, has partnered with Novia Global to offer three risk‐rated model portfolios to international financial advisers. The City Financial Cautious, Moderate and Adventurous model portfolios are managed by the firm’s multi‐asset team, led by veteran fund manager Mark Harris.   The portfolios are managed within pre‐determined risk limits that are independently verified by Distribution Technology, a risk profiling company.   The portfolios will be marketed by Global Wealth Management Solutions (GWMS), a financial product marketing firm focused on global intermediaries. GWMS also distributes the City Financial
JO Hambro Capital Management (JOHCM), the international investment boutique, has contracted Silverfinch to address the steep rise in regulatory reporting requirements the firm is facing. Silverfinch, a look-through and data distribution hub for client regulatory reporting, recently launched a quadruple data solution, providing regulatory support across PRIIPs, VAG, GroMiKV and Solvency II.   JOHCM has appointed Silverfinch in order to use the firm’s streamlined approach in dealing with all four regulations and support the asset manager’s continued commitment to their clients across Europe.   John Dowdall (pictured), managing director of Silverfinch, says: “We launched our recent four-in-one data solution in
The number of Jersey-registered fund managers marketing into Europe through national private placement regimes (NPPRs) under the Alternative Investment Fund Managers Directive (AIFMD) continued to rise during 2016, according to the latest figures from the Jersey Financial Services Commission (JFSC). As at December 2016, 127 alternative investment fund managers (AIFMs) had been authorised in Jersey to market into Europe through NPPRs, up more than one fifth (22 per cent) compared to December 2015.   Over the same period, the total number of Jersey alternative investment funds (AIFs) being marketed into Europe through NPPRs also increased significantly to stand at 254,
The European Energy Exchange (EEX) is to acquire US-based Nodal Exchange for a low triple digit million US-Dollar investment. As a result, Nodal Exchange will become part of EEX Group.   Nodal Exchange, headquartered in Virginia, is a regulated futures exchange which offers a variety of electricity and natural gas contracts to hedge against price risks in the US. All of the transactions on Nodal Exchange are cleared through its clearinghouse, Nodal Clear, a derivatives clearing organisation under the Commodity Exchange Act that is regulated by the US Commodity Futures Trading Commission (CFTC).   Through this acquisition, EEX Group will
The Hedgeweek Global Awards 2017 for excellence among hedge fund managers and service providers celebrate the achievements of firms that contributed to another significant year for the sector. The winners, who were presented with their awards in London today (3 March), were decided by a poll of Hedgeweek readers, who include both investors and managers as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors. The final winners in both the manager and service provider categories were confirmed by the Hedgeweek team. The industry's achievements are reflected in the winners of
Needham & Company has added key research, sales and sales trading professionals in healthcare services research; Boston equity sales; corporate access origination and client strategy; event-driven, special situations and merger arbitrage sales; and sales trading. Kevin Caliendo, managing director, recently joined the firm. He brings 20 years of Wall Street experience, primarily on the buy-side, analysing and investing in the healthcare industry. Caliendo spent the past two years at Deimos Asset Management as a portfolio manager. Prior to that, Caliendo was a healthcare portfolio manager at SAC Capital, FrontPoint Partners, and Clearbridge Advisors.   Patrick “Pat” Malloy, managing director, has
FinTech company Convergence has launched Advisor Complexity Profile, designed to address the challenge of operational and business model transparency in the alternative asset management industry.  Complexity aims to provide insight into all the major alternative asset classes, including hedge funds, private equity, real estate, venture capital, and structured asset funds, incorporating approximately 8,300 managers in more than 50 countries, and assigns each of them a high, medium or low complexity profile.   It is designed to meet the needs for improved transparency and analysis for all the major industry participants: investors and asset allocators, assets managers, and service providers.  
ETF specialist Elston Consulting has licensed its Elston Strategic Beta Global Minimum Volatility index (ESBGMV) to Commerzbank for the creation of an investable certificate that tracks the index. The certificate is issued with an initial notional of GBP10 million.   Whereas most minimum volatility indices relate to a single asset class such as global equities, Elston’s approach was to launch an index that targeted the minimum volatility portfolio created from a globally diversified range of asset classes represented by low cost iShares exchange traded funds (ETFs).   The objective of providing diversified, differentiated returns with downside risk mitigation makes this
Lyxor Asset Management has partnered with Wells Fargo Asset Management (WFAM) to launch the Lyxor/Wells Capital Financial Credit Fund, adding a credit specialist to its alternative UCITS platform. The fund concentrates primarily on fixed income credit instruments of global financial sector companies, with a European focus.   The strategy invests across the capital structure of financial companies including senior, subordinated and contingent convertible bonds while hedging currency risk.   The investment philosophy is based on the conviction that fundamental credit research, combined with active asset allocation within a risk controlled framework, has the potential to generate sustainable returns over the
Bitcoin exchange Kraken has acquired charting and trading platform Cryptowatch, which is used by traders to chart over 150 markets in real-time and trade up to 22 digital assets. Cryptowatch has seen rapid growth in the past two years, increasing its active user-base by 700 per cent.   Cryptowatch founder Artur Sapek is joining Kraken to both continue developing Cryptowatch and lead the development of Kraken’s interface.   "In just two years Cryptowatch grew into one of the pillars of the digital asset trading community,” says Sapek. “Teaming up with an exchange was the natural next step, and Kraken was

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