Digital Assets Report

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TMX Market Insights has named John Willock as director, TMX Datalinx – the company’s real-time data offering – effective 26 September 2016. Reporting directly to Eric Sinclair (pictured), president, TMX Market Insights and group head of information services, TMX Group, Willock will be responsible for managing the suite of TMX Datalinx real-time products and services, including all equities, derivatives and TMX Information Processor feeds.   “John brings vast international experience in market data to the TMX Market Insights team,” says Sinclair. “We are extremely excited to have him join TMX and look forward to incorporating his unique perspective into how
KCG Holdings has completed the acquisition of Neonet Securities, an independent agency broker and execution specialist based in Stockholm, Sweden. The Neonet business, which will operate as a subsidiary of KCG and be renamed KCG Neonet, will continue to be based in Stockholm and led by CEO Tim Wildenberg.     KCG Neonet provides clients with global execution services and capabilities, leveraging KCG’s expanded foothold in continental Europe and the technologies of both businesses.      Philip Allison, chief executive officer of KCG Europe, says: “Neonet’s talented team of specialists and commitment to client service make them an ideal strategic
Lyxor Asset Management has expanded its alternative UCITS offering by teaming up with Kingdon Capital Management to launch the Lyxor/Kingdon Global Long-Short Equity Fund. The launch sees Kingdon become the first global equity manager with daily liquidity on Lyxor’s UCITS platform.   The fund focuses on improving the equity diversification of investors’ portfolios by maintaining a portfolio invested across different geographies and industries, using a combination of long and short investments and actively managing the fund’s market exposure. The fund seeks to achieve attractive risk-adjusted returns with lower volatility than equity markets.   With a performance history of more than
Grassi Fund Administration Services (GFAS) has launched a compliance and regulatory services division. GFAS provides compliance and regulatory services to enable its clients to establish and maintain rigorous compliance programmes, risk assessments, mock audits and anti-money laundering and KYC services.   Using a collaborative approach to client’s specific requirements, GFAS can serve as a complete outsourced compliance resource. It provides regulatory services including registration services; Form ADV (Parts 1&2); Form PF; FATCA; Schedule 13F and other regulatory filings; regulatory reviews and governance; disclose requisite state and federal registration changes; and annual reviews.   The compliance programme includes consulting to help
Hedge fund launches and liquidations both declined in the second quarter, as hedge funds posted steady gains through a volatile quarter, driven largely by the Brexit vote.  New hedge fund launches totalled 200 in Q2 2016, down slightly from 206 in the prior quarter and 252 in Q2 2015, according to the latest HFR Market Microstructure Report.   Hedge fund liquidations totalled 239 in Q2 2016 compared to 291 in the prior quarter and 200 liquidations in 2Q 2015.   Liquidations exceeded launches for the third consecutive quarter, but the recent data shows the narrowest margin of contraction (39 funds)
Dynamic Credit, an alternative fixed income asset management and advisory firm, has selected ClearStructure Financial Technology's portfolio management solution, Sentry PM, to support its growing ABS and corporate credit business. Dynamic Credit was using an in-house built solution to monitor and manage their portfolios.   Sentry PM's ability to grow and scale along with Dynamic Credit was an attractive component in addition to Sentry's connection to their current data providers.   The implementation of Sentry PM will deliver further efficiency, transparency and control to Dynamic Credit's front, middle, and back office operations.   Sentry PM's coverage of alternative fixed income
The Hedgeweek USA Awards 2016, presented on 15 September in NYC, brought together the leading names in the US hedge funds industry to celebrate the achievements of the best performing managers and service providers. While the markets continue to pose challenges for both managers and investors, the industry is reaping the benefits of responding positively to growing regulatory demands while focusing on generating non-correlated results for investors. The awards were determined by the votes of Hedgeweek's subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians and advisers.
Object Trading, a provider of global, multi-asset trading infrastructure, is the first vendor providing market access to the Australian Securities Exchange (ASX) to have conformed to the upgraded ASX 24 (futures) New Trading Platform (NTP) from Cinnober, due to go live in early 2017.  ASX 24 market participants need to connect to the NTP in order to continue trading.    Object Trading says clients using its Direct Market Access (DMA) Platform can adapt to the NTP upgrade with ease.   Managing the technological and business changes that are needed with each exchange update is a considerable challenge. By connecting to venues
Alternative asset manager Tages Capital has launched the Tages Alternative Risk Premia Fund with over USD100 million of capital from European institutional investors. The Dublin domiciled ICAV fund’s strategy has been developed to provide an attractive risk adjusted return profile, aimed at delivering uncorrelated returns to traditional asset classes.   Berouz Fatemi, portfolio manager and head of quantitative strategies, says: “The analysis of alternative risk premia, and the specific risk factors contributing to the hedge funds’ returns, have always been at the core of Tages’ manager selection and portfolio construction. It is therefore a natural step for Tages to establish
Systematic investment manager Aspect Capital has extended its range of funds available to investors with the launch of the lower fee, lower volatility Aspect Core Trend Fund. The fund, which started trading on 13 September, has received approximately USD100 million in seed capital from a European institutional investor.   The investment vehicle is structured as an Irish Collective Asset Management Vehicle (ICAV) – also known as a Qualifying Investor Alternative Investment Fund (QIAIF) – with Aspect leveraging its scalable existing technology and infrastructure to allow the fund to trade in a cost-effective way.   It aims to deliver pure momentum-based

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