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Former US Securities and Exchange Commission (SEC) and Department of Justice (DoJ) attorney Lionel André (pictured) is joining Murphy & McGonigle as partner in the firm’s Washington DC Office. "I am honoured and privileged to have been admitted as a partner in a premier Tier One Law Firm with such an impressive group of prominent lawyers,” says André, who brings more than 25 years of government experience to the firm, with thousands of hours logged prosecuting some of the country’s most strenuous cases.   Most recently, André served as Assistant United States Attorney in the Fraud and Public Corruption Section in
Irish Funds is working with industry participants and Deloitte to develop a blockchain proof of concept for regulatory reporting. The project, which will focus on the Resident Investment Fund Returns (Money Market & Investment Funds Returns Reporting – MMIF) regulation, will result in the design and development of a proof of concept leveraging blockchain and smart contract technology to create a platform for regulatory reporting accessible to the reporting entity as well as a regulator.   This proof of concept will test the application of blockchain for enhanced compliance, increasing transparency and to determine the cost benefit of the technology.
The US Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) has issued a time-limited no-action letter for swap dealers doing business in the EU. The letter states that, from 4 February 2017 to 8 May 2017, it will not recommend an enforcement action against a swap dealer (SD) that is subject to, and in compliance with, the margin requirements for non-centrally cleared OTC derivatives in the European Union (EMIR RTS) for failure to comply with the CFTC’s final margin rule.   On 4 February 2017, many SDs must begin complying with the EMIR RTS. Some
Calypso Technology has signed a utility partnership agreement with Equinoxe Alternative Investment Services to establish a platform to provide full back and middle office support to hedge funds and family offices who trade a broad range of instrument types. Services include investment accounting, matching, confirmation, settlement, collateral management, and reconciliations as well as full front office operations. Equinoxe deploys Calypso on the Cloud, so they can scale up to meet their growing volume of business.   "Our partnership with Equinoxe reflects Calypso's strategy to build an ecosystem founded on our technology and on our capability to deliver Cloud based services,"
All six of MV Index Solutions’ (MVIS) investable Long/Short Equity Indices, which are constructed using transparent, liquid ETFs and US Treasury securities, recorded positive performance in January. The MVIS Asia (Developed) Long/Short Equity Index led the way with a return of 1.99 per cent.   This was followed by the MVIS Emerging Markets Long/Short Equity Index (1.60 per cent), the MVIS Global Long/Short Equity Index (1.23 per cent), the MVIS Western Europe Long/Short Equity Index (1.20 per cent, the MVIS Global Event Long/Short Equity Index (0.78 per cent), and the MVIS North America Long/Short Equity Index (0.16 per cent).  
Kettera Strategies, owner and operator of Hydra, an independent custody-based managed account platform, has appointed James Knoeck as chief financial officer. Knoeck, 46, is the first person in this full-time position at Kettera and brings deep background as a senior financial services executive in the institutional investment, asset management and clearing businesses.   “Jim adds experience and depth to our executive team and will contribute greatly to the continued growth of Kettera and our Hydra platform,” says Jon Stein (pictured), Kettera CEO.   Stein says Knoeck’s arrival sends another signal to the marketplace that the Hydra platform is now “decidedly
The Neuberger Berman Large Cap Value Fund institutional class generated a 28.48 per cent return for the 2016 calendar year, ranking in the first percentile of Morningstar's Large Value Category (out of 1,268 funds), and outperforming the Russell 1000 Value Index by over 1,100 basis points. The fund's institutional class returns were 7.87 per cent for the three years and 14.11 per cent for five years ended 31 December 2016 placing it in the 27th (out of 1,088 funds) and 26th (out of 934 funds) percentiles respectively.   Eli Salzmann, the fund's portfolio manager, uses a value-investing discipline with a
In January 2017, the European Energy Exchange (EEX) reached a volume of 291.1 TWh on its power derivatives markets (January 2016: 332.4 TWh). At 658,271 GWh, volumes in the Dutch market have more than tripled compared to the previous year (January 2016: 160,302 GWh). In the Swiss power derivatives market, volumes increased by 37 per cent to 707,826 GWh (January 2016: 515,380 GWh). Trading in power options increased by 28 per cent to 16.0 TWh (January 2016: 12.5 TWh).   The January volumes comprised 152.3 TWh registered at EEX for clearing. Clearing and settlement of all transactions was executed by European
The Depository Trust & Clearing Corporation (DTCC) has appointed Ann Shuman, DTCC managing director and deputy general counsel, as general counsel, effective 1 February 2017. Shuman (pictured) assumes the position from Larry Thompson, who is stepping down to serve full-time as vice chairman of DTCC. Thompson, who was appointed vice chairman in 2015, will continue to lead DTCC’s public policy engagement with key regulators and lawmakers globally, serve as a senior to the firm and act as a chief spokesperson.   As general counsel, Shuman will be responsible for advising senior management and the DTCC board of directors on legal
Old Mutual Global Investors (OMGI), part of Old Mutual Wealth, has launched the Old Mutual Systematic Positive Skew Fund, targeting sophisticated institutional investors. The Irish-domiciled Qualified Investor Alternative Investment Fund (QIAIF) is the latest alternative launch from OMGI addressing the demands of institutional investors for funds offering uncorrelated absolute returns, designed to counterbalance the severe volatility within equity and bond markets.   OMGI currently manages over USD8.7 billion in the liquid alternatives space.   The launch is designed to meet the demand from sophisticated investors for a higher volatility alternative strategy that complements OMGI’s existing range.   The long/short fund

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