Digital Assets Report

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Apex Clearing, an independent, full-service clearing firm, has launched its Apex Prime brokerage offering for hedge funds with up to USD200 million in assets under management. Apex Clearing has put together a team headed by former Convergex executive John Mollica and has added former Goldman Sachs executive Brian Duggan as a strategic adviser to the business.   Apex Clearing's move into prime brokerage coincides with a major industry shift that has left a growing number of small and mid-sized hedge funds in need of services no longer being offered by bigger firms. Increased regulatory pressure since the 2008 financial crisis
Management and technology consultancy Brickendon has merged with Spaarks, a software consultancy specialising in rapid technology-led business solutions. The merger is expected to grow the combined business by 150 per cent over the next 12 months. The combined group will have an expanded range of solutions to further support clients in the financial services market.   Since Brickendon launched in 2010, the company has achieved 200 per cent growth per annum. It recently opened an office in New York City.   By consolidating its services with Spaarks, Brickendon will gain new global opportunities, including a foothold in Australia’s financial services
September continued to be a difficult month for CTA strategies, with the flagship SG CTA Index entering negative territory for the first full quarter since Q2 2015. The index ended the month down 1.20 per cent, according to figures from Societe Generale Prime Services.   All of SG’s managed futures indices had negative performance in September, with the SG Trend Index down 1.93 per cent.   The SG CTA Index continues to lead performance year to date and is still in the black at 0.95 per cent, followed by the SG Short Term Traders Index up 0.59 per cent.  
Lighthouse Canton is offering accredited investors access to hedge fund strategies without hedge fund costs via the firm’s app store robo-adviser. In partnership with WeInvest, a platform-as-a-service provider, it provides access to a range of strategies, asset classes and currencies with fees starting from 0.4 per cent as opposed to the traditional hedge fund two-and-20 fee structure.   Research from advisory PwC has found that 62 per cent of high-net-worth individuals in Asia-Pacific believe it is important for their financial adviser or wealth manager to have a strong digital offering.   “Lighthouse Canton operates at the cutting edge of technology.
SunOpta, a company focused on organic, non-genetically modified and specialty foods, has entered into an agreement with funds managed by alternative asset management firm Oaktree Capital Management. Oaktree is an investor in the consumer and retail industry, with a track record of driving growth in complex consumer businesses, including AdvancePierre Foods, Campofrío Food Group and Diamond Foods.   In reaching this agreement with Oaktree, SunOpta has concluded the previously announced review of strategic alternatives for the company.   Under the agreement, Oaktree has invested USD85 million in SunOpta in the form of exchangeable preferred shares. Proceeds from the investment have
The US is the dominant component of the global hedge fund community, accounting for 72 per cent of the approximately USD3.1 trillion of global assets under management (AUM), as of 30 June 2016, according to data released by Preqin. Although other regions are emerging as regards hedge fund activity, the US is home to 3,170 of the 5,092 (62 per cent) institutional investors active in hedge funds, and 3,209 of the 5,377 (60 per cent) active hedge fund managers tracked by Preqin.   The US hedge fund industry has also seen strong growth in recent years, increasing by USD13 billion
Hedge funds advanced in September to conclude a strong third quarter, driven by gains in specialised technology, healthcare and energy exposures, according to data released by HFR. The HFRI Fund Weighted Composite Index (FWC) gained 0.6 per cent for the month, increasing the index value to 12795.52, posting its seventh consecutive month of positive performance, and bringing the third quarter gain to 3 per cent.   Through the first nine months of 2016, the HFRI FWC has gained 4.2 percent, leading the MSCI World Index.   Resurgent equity hedge strategies led hedge fund industry performance for the month, as global
Aerium has completed the letting of an entire floor at 24 Savile Row, its landmark West End asset, to US hedge fund Aurelius Capital Management. Aurelius has agreed a 10-year lease on the fifth floor of 24 Saville Row, comprising 3,774 sq ft of Grade A office space.   The flagship 24 Savile Row scheme is located in the heart of Mayfair and provides 20,000 sq ft of offices and 7,000 sq ft of retail space spread across seven floors.   Designed by architectural firm EPR, the building exhibits a unique glazed façade created by ceramic artist Kate Malone. The asset’s
Geraud Charpin (pictured), Portfolio Manager, BlueBay Asset Management discusses how risk assets struggle to gain impetus as investors turn their attention to negative newsflow…   The uneventful meetings from the Bank of Japan (BoJ) and the Federal Reserve (Fed) earlier in September were broadly seen as a green light for risk assets, confirming that the largest actors behind the rise in asset valuations were still intent on keeping rates/yields at ultra-low levels.    In the context of benign global economic data, continued stimuli in China, stabilised commodity prices and some repair work being carried out in emerging market countries, the very
Independent fixed income broker-dealer Amherst Pierpont Securities has hired Erez Biala as managing director and head of structured credit trading and origination. Biala will establish the firm's structured credit trading and origination platform and lead Amherst Pierpont's efforts to capitalise on what it sees as current market opportunities in the collateralised loan obligation (CLO) and related structured credit markets.   Biala will be responsible for leading Amherst Pierpont's growing presence across the CLO and structured credit markets, including both primary issuance and secondary trading.   He joins Amherst Pierpont following a 15-year fixed-income career with extensive securitised products, structured products

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