Digital Assets Report

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HedgeMark International, a BNY Mellon company that provides hedge fund dedicated managed account and risk analytic services, has completed the implementation of Axioma Risk. Axioma Risk is a next-generation multi-asset class risk management platform that allows clients to support their risk reporting across diverse and innovative investment strategies more seamlessly and with increased efficiency.   “Existing risk management solutions rely on legacy systems and technology that cannot meet the demands of modern multi-asset class investing,” says Sebastian Ceria (pictured), CEO of Axioma. “Axioma Risk is a purpose-built multi-asset class risk platform that leverages the latest technology to deliver unparalleled performance
While a majority of asset owners and asset managers (57 per cent) expect blockchain technology to be widely adopted in the investment industry in the next five years, only seven per cent currently have initiatives to support it, according to research by State Street. Blockchain is a distributed ledger that maintains a continuously growing list of data records which are hardened against tampering and revision The survey, conducted in partnership with Oxford Economics, found that 74 per cent of asset owners say they believe blockchain will achieve the scale needed for adoption compared to only 42 per cent of asset
Tullett Prebon Alternative Investments (TPAI), the alternative investments arm of interdealer broker Tullett Prebon, has appointed Alastair Sword as its global head. The TPAI team of ten focuses on the placement of illiquid alternative assets. Since its formation in 2009 it has developed significant experience in LP to LP fund transfers, managed auction processes, as well as direct asset divestments across the hedge fund, private equity and real estate space. Prior to taking up his position with TPAI, Sword was Head of Asian Sales at Roubini Global Economics having previously been a Managing Director at Bank of America Merrill Lynch
RIMES, a provider of managed data services for the buy-side, is hosting its inaugural Regulatory Seminar on 9 June in London, bringing together compliance managers from within the buy-side industry ahead of months of significant regulatory change. This seminar will feature speakers from market participants and advisory firms, including the European Fund and Asset Management Association (EFAMA), the Financial Markets Law Committee, Deloitte and PwC.  The seminar will focus in particular on the EU Benchmark Regulation and its potential impact on the administrator regime. Additionally, MAD II, which comes into force in a matter of days, and MiFID II, which
Taiwan Futures Exchange (TAIFEX) and Deutsche Börse Market Data + Services have signed a partnership agreement whereby Deutsche Börse will act as the licensor of TAIFEX market data and information products to all international clients.  Clients will be able to benefit from the state-of-the-art licensing services offered by Deutsche Börse, which already functions as a licensing partner for a whole range of trading venues around the globe such as BSE India, Irish Stock Exchange and Bulgarian Stock Exchange. “Our partnership with TAIFEX gives customers access to the full range of real-time, delayed and end-of-day data products offered by both exchanges
The European Securities and Markets Authority (ESMA) has issued an Opinion in response to a letter sent by the European Commission (Commission) asking to amend its draft RTS 20 under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).  RTS 20 provides criteria to establish when a non-financial firm’s commodity derivatives trading activity is considered to be ancillary to its main business. MiFID II aims at ensuring that non-financial firms are appropriately regulated and compete on a level-playing-field if they engage in commodity derivatives trading to an extent that cannot be considered ancillary to their main business. In
ALTIN AG has revealed the agenda for its forthcoming Extraordinary General Meeting (EGM), which is due to be held on 21 June at the request of Alpine Select AG and Absolute Invest AG (collectively, Alpine Select). Alpine Select directly and indirectly hold 58.5 per cent of ALTIN shares, according to the latest disclosures. Among the items on the agenda which is now available, the following proposals have been brought forward: Capital reduction by nominal value repayment – Reduction of ALTIN AG’s share capital from CHF 58'645'002 (divided into 3'449'706 registered shares with a nominal value of CHF 17 each) by
Ada Investments, a research-driven investment manager offering alternative equities-based investment programs to institutional investors, is to be acquired by 55 Capital, a newly formed ETF-focused asset manager.  The transaction is expected to be completed by mid-June 2016. Ada Alternatives, the firm's hedge fund, has liquidated its portfolio in April and is in the process of returning capital to its investors. "We believe a different business model will allow us to use the firm's investment acumen and infrastructure to address an important investment problem, enhance alignment with clients and allow us to serve a broader spectrum of investors," says Dr Vinay
FlexTrade Systems, a specialist in multi-asset execution management systems, has partnered with RSRCHXchange to provide buy-side traders with immediate alerts to the availability of relevant research via the company’s FlexTRADER EMS. Launched in September 2015, the RSRCHX platform was built in consultation with asset management institutions and research providers to improve upon the cumbersome legacy practices of research distribution and procurement.  The platform enables asset managers to buy research in a more efficient, transparent and auditable way. They can also be entitled to access research from their existing providers, while the RSRCHX Dashboard allows asset managers to track firm-wide research consumption
The ‘USD1 billion Club’ of firms holding at least USD1 billion in assets has grown by 98 firms over the past year, and now accounts for 12 per cent of all hedge fund managers, according to Preqin’s latest hedge fund industry research. The proportion of total industry assets held by these funds has declined from 92 per cent in 2015 to 88 per cent in 2016; USD1 billion Club firms now manage USD2.75 trillion in total AUM, down from USD2.78 trillion at the end of Q1 2015. However, in the same period total hedge fund industry assets have fallen from

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