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Linedata has appointed Sébastien Nantas as Director of Marketing & Communications. Nantas will report directly to Anvaraly Jiva, founder and CEO of Linedata, and will manage the marketing and communication activities for the entire Group.   Nantas is a graduate of NEOMA Business School, and has almost 20 years’ experience of institutional marketing and communications in the asset management sector. He has specifically held various positions in these fields at SGAM (now Amundi), and then at Natixis AM, Edmond de Rothschild Asset Management, and Tikehau IM. He has contributed to the design and launch of various financial products as part
ABS Investment Management, an alternative investment management firm specialising in global equity long/short solutions with USD5 billion in assets under management, has launched the ABS Long/Short Strategies Fund.   The Fund is registered under the Investment Company Act of 1940 as a closed-end, non-diversified, management investment company (1099 RIC) and is a conversion from a predecessor global equity long/short product and comes with a five-year track record. This fund is available to US accredited investors and has an initial minimum investment of USD25,000. "This new product structure will allow ABS to reach a broader client base due to its lower
The XBT Provider instruments Bitcoin Tracker One (COINXBT) and Bitcoin Tracker EUR (COINXBE) have resumed trading at Nasdaq Nordic in Stockholm following the acquisition of XBT Group by Global Advisors (Jersey) Limited (GAJL). Nasdaq has approved Global Advisors (Jersey) Limited as the new guarantor of the ETCs (Exchange Traded Certificates). Bitcoin Tracker One and Bitcoin Tracker EUR are designed to provide investors with convenient and liquid access to the returns of the underlying asset, bitcoin. XBT Provider is at all times fully hedged, and always holds bitcoins equivalent to the value of ETCs issued. Johan Wattenström (pictured), CEO and co-founder
Linedata has integrated its Global Hedge Portfolio Manager with Electra Information Systems’ (Electra) Electra Reconciliation.  The creation of a purpose-built interface provides hedge fund managers with immediate integration through an adapter created and supported by both Linedata and Electra.   Traditional account reconciliation (positions, transactions and cash) and management of non-standard matching and reconciliation such as system-to-system, P&L, collateral, security master data and pricing data are now easily achieved for Linedata users.   The combination of Electra Reconciliation with Linedata Global Hedge Portfolio Manager is deigned to automate the identification of exceptions and provide greater visibility into the exception management
Algorithmic trading is taking hold in foreign exchange – in part due to fallout from the 2013 FX “fixing scandal.” Foreign exchange represents one of the world’s biggest, most liquid and most electronic marketplaces. But while algorithmic trading has become a standard in global equity markets, algos have been much slower to gain traction in FX.   A new report from Greenwich Associates, FX Fixing Scandal Drives Adoption of Algos and TCA, shows that the proportion of volume-weighted FX trading executed algorithmically by algo-trading users has increased two and a half times in the past three years.   Hedge funds
Hedge funds marked another positive performance month in May, with the industry returning 0.93 per cent through the month to bring year-to-date gains to 1.55 per cent, according to data released by Preqin. Although this does not match the 2.39 per cent and 1.42 per cent returns seen in March and April, almost all leading strategies saw positive returns; and for the first time this year, all leading strategies are now marking positive year-to-date performance. Event driven strategies saw the strongest performance through the month, returning 1.59 per cent to take 2016 YTD returns to 3.01 per cent – the
Devarshi Saksena (pictured) of Simmons & Simmons considers the pros and cons of new onshore European hedge fund vehicles recently developed in Ireland, Malta and Luxembourg and whether or not they represent a real challenge to the traditional Cayman model… Times are changing for onshore European hedge funds. The structures that were traditionally trumpeted as being rivals to offshore funds – namely the Luxembourg specialised investment fund (SIF), Malta’s professional investor fund (PIF) and Ireland’s PLC/unit trust qualifying investor alternative investment fund (QIAIF) – but which had regulator-driven and, at times, frustrating fund authorisation processes are slowly giving way to easier
Global Fund Media – the digital publishing group whose flagship title is Hedgeweek – hosted a successful one-day event at the Reform Club in London on 9 June entitled “Setting up an Alternative Investment Fund in Europe”.  The event, sponsored by Simmons & Simmons, Dillon Eustace, Circle Partners and Linear Investments, was attended by 100 fund managers and was 2.5 times oversubscribed.  Throughout the day, a series of panel discussions provided expert insights into the challenges and the sheer breadth of decisions that one needs to consider before bringing an onshore AIF to market.  After an opening address provided by
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2016 measured 1.26 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.03 per cent in June. "SS&C GlobeOp's Capital Movement Index showed a slight increase in June 2016, rising 0.03 per cent.  This was smaller than the 0.23 per cent increase registered a year ago for June of 2015," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "This drop is not particularly significant by itself because June is typically a month that shows subdued activity.   “In
FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, has developed the FIXProtocol for use for transmitting MiFID II Transaction Reports to Approved Reporting Mechanisms (ARMs). Under MiFID II, all investment firms (including certain buy-side institutions) executing transactions in financial instruments are required to report details of their transactions to the national regulator as quickly as possible, and no later than the close of the following working day.  At the recently held FIX EMEA Trading Conference, nearly 70 per cent of respondents stated that use of the FIX Protocol would be their preferred standard

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