Digital Assets Report

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Cowen Prime Services prepares to launch its platform in London in the coming weeks with prime brokerage and outsourced trading, among the high-touch services that will be on offer to European hedge fund managers. London is the latest focus of attention for Cowen Prime Services as it looks to expand its network beyond North America.  “We believe that there is a real opportunity for Cowen Prime Services to enter the European market and be successful. Since Concept Capital Markets LLC was acquired by Cowen Group, Inc., last September, we’ve continued to invest heavily in the business,” comments Mike Rosen, Cowen’s
Avelacom has established a point of presence (PoP) in the new DataSpace data centre in close proximity to the Moscow Exchange (MoEx), allowing the firm to optimise customer access to the exchange’s electronic systems. DataSpace, Russia’s first Uptime Institute certified Tier III Gold data centre, will begin serving as a primary data centre facility for MoEx from November 2016.   Between now and the end of October, Avelacom, will be helping its clients to move their low latency infrastructure from current data centres to DataSpace.   Avelacom has also optimised its metro area fibre network to shorten route distance from
Aquila Capital is expanding its advisory board with the appointment of Daniel Just (pictured), chairman of the executive board at Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund. Just has chaired the executive board at BVK since 2013 and previously headed BVK’s asset management division.   Under his tenure the pension fund established real asset investments as an integral part of its portfolio allocation and was one of the first signatories to the UN principles for responsible investment (UN PRI).   Bayerische Versorgungskammer is the competence and service centre for occupational and communal pension schemes. As a public authority of
Fixed income manager BlueBay Asset Management has appointed Mark Bathgate as portfolio manager to its investment grade team. Reporting to Mark Dowding (pictured), partner and co-head of investment grade, Bathgate’s experience in macro-risk-taking around interest rates and government policy will be used across all strategies in the team, providing investment input at a macro level.   BlueBay’s investment grade team invests across sovereign and corporate debt in long only and hedge fund strategies and manages in excess of USD24 billion.   Dowding says: “In the current market environment, investment fundamentals have given way to macro impacts for the large part
Alternative investment management firm PAAMCO has appointed hedge fund veteran Basil Williams as managing director. During the next year, he will transition into head of portfolio management, succeeding David Weinberger who plans to retire in mid-2017.   Williams, who was most recently co-chief investment officer of Mariner Investment Group, cites the innovation at PAAMCO as the key driver for him in joining the firm.   "Whether it is providing alternative absolute return portfolios, solving an LDI challenge or constructing bespoke completion portfolios for traditional asset class allocations, PAAMCO has become the go-to firm for the world's most sophisticated institutional investors,”
Man Group has introduced a new senior management structure alongside a number of internal promotions, following the naming of Luke Ellis as chief executive officer (CEO). The internal management changes will reallocate certain responsibilities, in line with the growth and diversification of the business.   Jonathan Sorrell’s role as president of Man Group has developed to include a number of areas across the business and the intention is that he will step down as the chief financial officer (CFO), following an orderly transition to the new CFO.   Under his new remit as president, Sorrell will focus alongside Ellis (pictured)
McKay Brothers, a specialist in low latency networks, has secured an investment from trading firm IMC. IMC will take a minority stake in McKay, providing capital for the improvement of McKay’s networks serving the latency sensitive trading community.   Financial terms of the agreement have not been disclosed.     Stéphane Tyč (pictured), McKay co-founder, says: “This agreement not only further strengthens our financial position, which will keep us ahead in terms of network speed and reach, and data coverage and quality, but, as importantly, maintains our autonomy. That’s great news for all of the trading firms that use our
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 125.0 TWh in August 2016, an increase of 90 per cent compared to the previous year (65.9 TWh) and 45 per cent compared to July 2016 (86.1 TWh). This development is reflected on all PEGAS markets with 49.9 TWh on the spot and 75.1 TWh on the futures segments.   Spot trading volumes in August reached 49.9 TWh, which amounts to more than the double of last year’s spot traded volume (23.8 TWh). The Dutch market area TTF registered a monthly record with 18.3 TWh, an
Aristotle has launched the Aristotle Value Equity Fund, which will be managed by Aristotle Capital Management. The institutional no-load share class will trade under the symbol ARSQX.   The objective of the fund is to maximise long-term capital appreciation with a focus on seeking capital preservation over complete market cycles.   The investment philosophy applies a fundamental, bottom-up security selection process to a universe of companies with market capitalisations typically in excess of USD2 billion at initial investment.   The fund holds approximately 35 to 45 investments in what Aristotle Capital believes to be high-quality businesses trading at meaningful discounts
The monthly volume on EEX’s power derivatives market totalled 199.7 TWh in August, an increase of 19 per cent over the same period in 2015. On the Spanish power derivatives market, the trading volume more than doubled to 3.3 TWh (August 2015: 1.5 TWh).   EEX also recorded 67 per cent growth on the Italian market with a volume of 26.1 TWh (August 2015: 15.6 TWh).   The market for Germany recorded a volume of 136.3 TWh, which is an increase of 7 per cent compared to the previous year (August 2015: 127.3 TWh).   In Nordic power futures, EEX

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