Digital Assets Report

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The RD Companies has hired hedge fund industry veteran Amy B Hirsch to fill the newly created position of chief operating officer. Expanding the build-out of its New York office, and further strengthening the infrastructure, Phillip H Kwon has been hired as general counsel and Linda Zheng as chief financial officer.   Hirsch, CEO and chief investment officer of Paradigm Consulting Services, brings 35 years of experience in alternative investments and hedge funds including due diligence, operations, and asset management. She has been responsible for managing in excess of one billion dollars of hedge fund-of-funds products and has conducted operational and
Global commodities broker Marex Spectron has launched NEON Platform, a trading, risk and data platform. The platform combines three key proprietary services: NEON Trader, NEON Risk and NEON Data, with flexible connectivity (NEON Connect).   NEON offers a straightforward single technology platform for commodity traders, while a mobile device application – NEON Mobile – is also in the beta stage of development and is currently set for a fourth quarter rollout.   NEON Trader provides traders with direct market access to global commodity and financial exchanges. Additional functionality includes algorithmic commodity trading suites and intelligent execution options, leveraging off Marex
Hedge fund administrator HedgeServ and Hazeltree, a provider of integrated buy-side treasury management solutions, are teaming up to deliver enhanced middle-office treasury services to hedge funds and other alternative investment managers. Hazeltree enhances HedgeServ’s offering related to cash management, electronic wire processing and collateral management services. HedgeServ will host Hazeltree’s technology and will complement it with an integrated middle office outsourcing and technology solution.   "Our clients are asking for a robust treasury management solution. We believe that Hazeltree offers an industry leading suite of treasury management solutions,” says Jim Kelly, HedgeServ's chairman. “We are already receiving positive feedback from
The amount of repo business outstanding on 8 June 2016, calculated from the returns of 67 offices of 63 financial groups, stood at EUR 5,379 billion, a 4.1 per cent decrease on the December 2015 figure of EUR5,608 billion and a year on year decrease of 1.6 per cent. That’s according to the results of its 31st semi-annual survey of the European repo market from the European Repo and Collateral Council (ERCC) of the International Capital Market Association (ICMA).   The decline in the baseline figure since the previous survey largely reflects the reduced number of survey participants. However, a
Boutique asset manager Unigestion has made three senior appointments to its newly formed intermediary team. The team will initially have five members and Unigestion plans to grow this further as the firm increases its presence in intermediary markets.   Their initial focus will be making Unigestion’s institutional investment expertise available to intermediaries in the Southern Europe, UK, Nordics, Switzerland and the US.   Simone Gallo joins Unigestion as head of intermediary distribution. He will have responsibility for building the global intermediary channels focusing on wealth managers, multi-managers and sub-advisory mandates.   Gallo joins from Pictet Asset Management where she spent
Asset management boutique Managing Partners Group (MPG) has appointed Philip Eaton Richards as head of its capital markets team as it expands its asset-backed securities (ABS) business based in Malta. Reporting directly to the chief executive officer Jeremy Leach, Eaton Richards’ responsibility is to develop MPG’s securitisation and structuring services arm.   MPG believes the market for ABS is set to grow exponentially over the next few years in Europe to meet demand from companies in three main sectors – SMEs looking to expand their products and services, operators in the growing FinTech sector and alternative fund managers looking to
The T+2 Industry Steering Committee (T+2 ISC) has welcomed recent action by the Securities and Exchange Commission (SEC) to propose a rule change that will facilitate the move to a two-day settlement cycle. The proposed rule change will provide regulatory certainty necessary to help the financial services industry achieve its goal of moving to a two-day settlement cycle by September 2017.   The T+2 ISC, organised by The Depository Trust & Clearing Corporation (DTCC) and made up of members from across the securities industry, including co-chairs the Securities Industry and Financial Markets Association (SIFMA) and the Investment Company Institute (ICI),
Calastone has strengthened the China-Hong Kong market link by establishing direct connectivity with Shenzhen Securities Communications Co (SSCC), a fully-owned subsidiary of the Shenzhen Stock Exchange. Calastone is the first financial technology firm that can offer direct SSCC connectivity to financial institutions in Hong Kong participating in the China-Hong Kong Mutual Recognition of Funds (MRF) programme, including fund managers, distributors, custodians and fund administrators.   Sebastien Chaker (pictured), head of Asia for Calastone, says: “We have been supporting fund managers and distributors in processing trades since the launch of MRF but, like all market participants, were required to route these
Linedata has launched a new release of Linedata Derivation, which provides real-time risk, analytics and portfolio management solutions to institutional and hedge fund managers across all asset types and structures. Linedata says firms today recognise the importance of risk oversight for all areas they are increasingly concerned with – such as exposure, VaR and simulated stress testing. Linedata Derivation’s development methodology is fully based on such client feedback.   Linedata Derivation’s new capabilities focus on interconnectivity in enhanced order management and pre-trade compliance, enhanced analytics for new pricing models, and an intuitive UX using modern technology that simplifies complex views
Jackson Square Partners is making each of its five investment strategies available in a mutual fund structure with the launch of the Jackson Square Partners Funds. The funds include the Jackson Square Large-Cap Growth, Global Growth, SMID-Cap Growth, Select 20 Growth and All-Cap Growth Funds.   “The vast majority of our clients are institutions and these funds provide institutional clients and intermediaries with more flexibility and a broader menu of options to access Jackson Square’s strategies. The funds’ daily net asset value and lower investment minimums than a traditional separate account make the strategies accessible to a wider range of

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