Digital Assets Report

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Dash Financial is to merge with LiquidPoint to create a new trading technology solutions provider focused on the options and equities markets.  Dash Financial is an institutional trading technology, execution and analytics provider, while LiquidPoint is a provider of options technology and routing services to the sell-side and exchange communities.   Private equity firm GTCR will be contributing LiquidPoint from portfolio company Convergex to merge it with Dash.   The combined entity will operate as Dash Financial Technologies and be majority owned by GTCR. It will have a 13 per cent market share in the US options agency execution space. The independent
The pace of technological change is unrelenting. The Internet of Things and the rise of the gig economy are changing the way that businesses and consumers interact with each other. It is therefore incumbent upon the asset management industry to embrace technological change and reimagine what is a tried and tested business model. More than ever, fund managers are having to innovate to operate more efficiently, more transparently, and in closer harmony with their end investors.  As this report will show, there are five disruptive technological trends (as defined by five key companies) today that have, over recent years, prompted global
Timothy G Massad has tendered his resignation as chairman of the US Commodity Futures Trading Commission (CFTC) to President Obama, effective 20 January 2017. Massad (pictured) issued the following statement:   “For the past two and a half years, I’ve had the privilege of working alongside the very talented CFTC staff, and I thank them for their dedication on behalf of the American people. I also want to express my appreciation to my fellow commissioners, Sharon Bowen and Chris Giancarlo, for the constructive and collaborative engagement we have had throughout my tenure. I am also very grateful to President Obama
Marble Point Credit Management has acquired American Capital CLO Management (ACCLOM), an investment manager with approximately USD3.4 billion in assets under management across eight collateralised loan obligation (CLO) vehicles as of December 2016. The acquisition is expected to provide meaningful benefits to Marble Point and accelerates its business plans and objectives. The transaction will also diversify and significantly expand Marble Point’s investor base.   “The acquisition of the ACCLOM platform represents a significant milestone in Marble Point’s development,” says Thomas Shandell (pictured), chief executive officer of Marble Point. “We believe investors globally will seek to increase their exposure to the
Law firm Akin Gump has elected 10 new partners, effective 1 January 2017. The 10 individuals and their respective office locations are Gerald Brant (New York), Olivia Chung (New York), Olivier De Moor (New York), Sophie Donnithorne-Tait (London), Mahmoud (Mac) Baki Fadlallah (Dubai/Washington, DC), Jaisohn Jungbin Im (New York), Allison P Miller (New York), Daniel L. Moffett (San Antonio), Alexander Specht (New York) and Annisah Iman Um’rani (Washington, DC)   “The lawyers promoted to partner this year are a very talented and diverse group of individuals,” says Akin Gump chairperson Kim Koopersmith (pictured). “I know they will continue to work tirelessly
Fried, Frank, Harris, Shriver & Jacobson has named Jeremy Berry as a partner in the firm’s asset management practice. Berry (pictured) will be based in New York.   Berry has experience in advising large private equity and hedge fund managers on matters involving private investment funds and complex corporate transactions, with a focus on private equity and hedge fund formation and other alternative investment matters.   "Jeremy brings a wealth of experience representing some of the most prominent private equity and hedge fund sponsors and investment banks, as well as a broad range of other investment management clients," says David Greenwald, chairman of
Apex Fund Services has appointed Daniel Strachman as head of US business development. Strachman (pictured) brings more than 20 years of financial services experience having held positions at Cantor Fitzgerald and Morgan Stanley.   He led A&C Advisors for 16 years delivering strategic guidance, counsel and support to investment management companies and institutional investors.   Strachman is the author of nine investment strategy books including “The Fundamentals of Hedge Fund Management and Getting Started in Hedge Funds”. In his new role at Apex he will drive US growth initiatives and deliver fund management clients with proactive fund administration solutions.  
US farmers have put tremendous hope in the new presidential administration to make their lives better, despite expectations of continued low commodity prices, relatively high production costs and the threat of trade wars with key commodity importers. That’s according to the latest DTN/The Progressive Farmer Ag Confidence Index (ACI), which revelas that the overall producer confidence index for December returned to neutral territory, rising to 98 compared to a value of 72 in the August survey.   An index value of 100 is neutral. Values above 100 indicate optimism, while values below signify pessimism.   “But the real story in
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 152.1 TWh in December 2016. This included an overall record volume on the spot segment with 75.1 TWh traded, beating the previous of 63.9 TWh in February 2016.   December’s spot trading volumes were up 53 per cent compared to the previous year (49.1 TWh), while the Dutch market area TTF registered a record volume with 19.3 TWh, (previous record: 18.3 TWh in August 2016).   In addition, a total volume of 30.7 TWh was traded in the German market areas, including a new monthly record
Man Group has completed its previously announced acquisition of Aalto Invest Holding (Aalto). Luke Ellis (pictured), CEO of Man Group, says: “We are delighted to have completed the acquisition of Aalto, which is a key step in the development of Man Global Private Markets, our new investment engine for private asset classes, and in the ongoing diversification of Man Group. The acquisition of Aalto represents an attractive opportunity for clients, who will have access to longer term investment strategies offering a complementary risk reward profile to our current products.”   Aalto will be a central component of the newly formed

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