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Hedge fund Livermore Partners has added Rob Wildeboer to its advisory board. Wildeboer is the Executive Chairman of the Board at Martinrea International, an auto parts manufacturer located in Canada with more than USD3 billion in annual revenues.  Additionally, Wildeboer serves as counsel to Wildeboer Dellelce LLP, a law firm specialising in corporate, securities and tax law, which he co-founded in 1993. Wildeboer has extensive experience in the areas of corporate and securities law and has participated in a broad range of securities and related transactions, including public and private financings for both start-ups and mature companies, mergers and acquisitions,
Incline Investment Management (IIM) is marking the fourth anniversary of its proprietary investment program, the Systematic Hybrid Strategy, which has outperformed its benchmark, the HFRX Macro: Systematic Diversified CTA Index by close to 25 per cent since its launch in July 2012. The strategy’s objective is to provide non-correlated diversification with equity-like volatility. IIM says a classic case of the ‘crisis alpha’ it offers was apparent the day after the Brexit vote on 23 June when the Strategy was up 9.5 per cent. The Systematic Hybrid Strategy was up 9.45 per cent in June.  In response to demand for non-correlated
HTG Capital Partners is to acquire the introducing broker, money management and proprietary trading businesses of Kottke Associates. The transaction is expected to close in the third quarter, subject to the completion of certain closing conditions.   Chris Hehmeyer, manager and CEO of HTG, says: “HTG is very excited to partner with the Kottke team. Neal and his partners are giants in our industry, and I am honoured to now be in business with someone I have known for over 30 years. HTG will now provide its expertise, technology and high level of service to the Kottke prop traders, customers
Global hedge fund capital increased in Q2 2016, recovering the decline from the prior quarter and rising above the year-end 2015 level to reach the third highest quarterly capital total on record, according to the latest HFR Global Hedge Fund Industry Report. The industry navigated volatility and dislocations related to Brexit in late 2Q to post asset gains for both 2Q and 1H16. Total hedge fund capital rose to USD2.898 trillion as of 30 June, an increase of USD42.06 billion during the quarter, as the HFRI Fund Weighted Composite Index gained 2.0 per cent in Q2.   The current capital
Hari Thirumalai has joined Eaton Vance Management (International) Limited’s global high yield team in London as a senior analyst. This newly created role supports the build-out of Eaton Vance’s European leveraged credit capabilities following the launch last month of the Eaton Vance (Ireland) Multi-Asset Credit Fund.   Thirumalai will report to Jeffrey D. Mueller, who was hired as a global high yield portfolio manager in early 2015, which led the development of Eaton Vance’s European corporate credit operations.   Thirumalai brings to the team strong research and analytical experience across the credit spectrum and solid understanding of the capital structure.
Luke Ellis is to succeed Emmanuel (Manny) Roman as chief executive officer of Man Group on 1 September 2016. Roman is stepping down from Man Group’s board on 31 August 2016 to take up the role of chief executive officer at PIMCO from 1 November. Ellis (pictured) has worked alongside Roman since 2012 as president of the firm. Jonathan Sorrell will continue as president of the firm alongside his role as chief financial officer. PIMCO’s current CEO Douglas Hodge will assume a new role as Managing Director and Senior Advisor when Roman joins the firm.   According to a statement by PIMCO, the
This week’s recommendation on extending the alternative investment marketing ‘passport’ to fund managers in up to 12 non-EU countries is an important step towards improving choice for investors, says Invest Europe. The European Securities and Markets Authority (ESMA) has presented its latest recommendation to the European Commission on extending the European Alternative Investment Fund Managers Directive’s (AIFMD) passport to funds and fund managers in key jurisdictions outside of the EU. This would allow these ‘third countries’ to manage and market their funds to investors based in the EU.    As part of its country-by-country assessment, ESMA has advised that there are
TIAA Global Asset Management has appointed of Brian Nick (pictured) as chief investment strategist for TIAA Investments. Based in New York, Nick will work closely with the investment management team to analyse market data, identify trends and provide insights on events driving market activity.   “Brian is a welcome addition to our team. His experience and insight will be an integral part of our commitment to seeking positive long-term investment performance on behalf of our clients,” says Bill Riegel, chief investment officer at TIAA Investments. “The global market environment is becoming increasingly complex and Brian’s contributions will be instrumental as
The first-ever futures contract tracking the Taiwan Stock Exchange Capitalisation Weighted Stock Exchange Index (TAIEX) is to list on the Osaka Exchange (OSE), a subsidiary of Japan Exchange Group (JPX), on 19 July 2016. The listing is the latest extension of the growing link between the Taiwan Stock Exchange Corporation (TWSE) and JPX, with a growing number of financial products tracking Japanese stock market indices listing on TWSE and the Taiwan Futures Exchange (TAIFEX) since the second quarter of 2015.   These products include ETFs tracking the TOPIX and Nikkei 225 indexes, and TOPIX Futures respectively.   The TAIEX index is comprised of all listed common shares traded on
The Jersey Financial Services Commission (JFSC) has welcomed the European Securities and Markets Authority’s (ESMA) recommendation to the European Parliament, Council and Commission that Jersey should be among the ‘third countries’ granted an AIFMD passport. The JFSC has fully engaged with ESMA and has been working closely with member state regulators as part of the assessment process.   Following ESMA’s advice, there is now a period of up to six months for the European Commission to propose appropriate legislation and for the European Parliament and Council of Ministers to agree to the third country passporting rules becoming applicable to Jersey

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