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Witherspoon Asset Management is using Kettera Strategies’ Hydra marketplace to facilitate many of the investments for its newly-launched FitzRandolph Futures Fund. “We are pleased to have Witherspoon and FitzRandolph using the Hydra marketplace,” says Jon Stein (pictured), CEO of Kettera Strategies, which operates Hydra. “I have known the principals of Witherspoon for years. They are an A-team of allocators in this space and we are honoured to work with them.”   Lee Gladden, Witherspoon’s founder and CEO, started Witherspoon in 2012 after more than 30 years in managed futures, including director of marketing and product development at Commodities Corporation (now
Hedge funds were flat to marginally negative at 0.06 per cent during the month of August, with much of this weakness led by underlying CTA/managed futures and macro mandated hedge funds, according to data released by EurekaHedge. On the other hand, underlying markets as represented by the MSCI World Index (Local) were up 0.48 per cent.   Close to 60 per cent of the underlying constituent hedge funds for the Eurekahedge Hedge Fund Index were in positive territory this month, with majority of them being long/short equity mandated.   Asia ex-Japan hedge funds led performance among regional mandates this month,
SimCorp, a provider of investment management solutions and services for the global financial services industry, has enhanced its partnership with FX Connect to provide SimCorp Dimension users with full foreign exchange netting capabilities. SimCorp leverages FX Connect’s cross-currency netting capabilities to enable its clients to block, net and subsequently compress large, multi-currency, multi-value date blotters.   FX Connect also provides a full suite of flexible execution options tailored to the asset management community.   With seamless integration to the Order Manager module of SimCorp’s Dimension, SimCorp’s clients have an automated end-to-end FX execution process, which allows them to create operational
RIMES, a provider of managed data services for the buy-side, has launched RegFocus, a buy-side monitoring and detection solution for the Market Abuse Regulation (MAR). RegFocus is designed to meet regulatory obligations under MAR and many other surveillance regulations, reducing buy-side firms’ risk of insider dealing and market manipulation.   MAR, which came into force in July, greatly increases the compliance burden and associated costs for asset management firms. Firms can no longer rely on the control provided by their brokers and must instead operate compliance policies to identify and control market abuse.   RegFocus uses algorithms and analytics to deliver buy-side
Colt has become a market data provider for the Tokyo Commodity Exchange (TOCOM), with the service set to launch alongside the scheduled migration of TOCOM’s derivatives trading to the J-GATE trading system operated by Japan Exchange Group. Firms with trading infrastructure will be able to access ultra-low-latency TOCOM ITCH market data in raw format for all TOCOM products, including its key gold, rubber and oil contracts.   They can also take advantage of a full range of connectivity and colocation services provided by Colt, including the Colt PrizmNet financial extranet, ultra-low-latency network services, and MarketPrizm Premium Colocation.   The migration of TOCOM trading to the J-GATE trading system will make it easier for local and international traders to trade Japanese commodities products
Brickendon, the financial services management and technology consultancy, has appointed Gillian Christie as executive director of its first international office, based in New York. Brickendon expanded its operations to the US to provide a strategic presence and grow its footprint.   Christie (pictured), who brings over 25 years’ of experience in financial services and consulting, will be responsible for guiding Brickendon through the process of entering the US market and competing against established names in the region.    An internationally renowned expert in how technological innovation, regulatory and capital markets changes intersect to shape and guide IT strategy, Christie previously
American Depositary Receipts are an effective way for US investors to gain exposure to international stocks. Dorsey, Wright & Associates’ John Lewis (pictured) explains how using a momentum strategy can prove effective in building the right exposure to this instrument class.  Back in July 2014, the Sterling/US Dollar exchange rate was reached a high of USD1.71 but since then it has headed south, falling as low as USD1.29 following Brexit.  This downward trend has been a boon for US investors travelling to Europe on vacation. And whilst many have continued to focus their investment portfolios on US domestic stocks, the
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.11 per cent in August, underperforming the HFRX Global Hedge Fund Index’s 0.16 per cent return by five basis points. The Wilshire Liquid Alternative Multi-Strategy Index, which includes both single and multi-manager funds, ended the month relatively flat, returning 0.03 per cent in August.   The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
TFG Financial Systems, a provider of real time risk monitoring solutions to investment managers, secured five new mandates in the third quarter from a Tier 1 bank, a mini-prime broker and three hedge funds globally. TFG believes the demand for real-time, multi-asset risk management is being driven by a number of different factors, foremost among these being the need to reduce costs and reduce data duplication.   In parallel with this, both investors and regulators have increasingly high expectations which require a significant improvement in capabilities.   “Banks and hedge funds have been facing significant challenges since 2008,” says Barry
The regulatory challenges and cost pressures facing buy-side firms are putting further demands on the sell-side to prove their relationship value, according to a study by TABB Group. According to conversations with 100 US head traders for the final instalment of TABB Group’s 12th annual benchmark study, “Broker Relationships in an Era of Full Disclosure: US Institutional Equity Trading 2016,” on why certain brokers were winning their order flow, 65 per cent of the buy-side mentioned liquidity and 48 per cent mentioned the broker relationship, while just 34 per cent said non-execution services.   Compared to 2015 overall, more buy-side

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