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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
CFTC Chairman Timothy Massad (pictured) comments on the supplemental proposal on position limits for derivatives… The CFTC has taken a significant step toward finalising its rules on position limits this year. The supplemental rule we have unanimously proposed today would ensure that commercial end-users can continue to engage in bona fide hedging efficiently for risk management and price discovery. It would permit the exchanges to recognise certain positions as bona fide hedges, subject to CFTC oversight. For years, exchanges have worked with the CFTC’s general definition of a “bona fide hedging position” to grant these exemptions to exchange-set limits. Under this supplemental
A new white paper by Nasdaq Global Information Services reveals that US companies that engage in stock buybacks generally outperform the market on an annualised basis and also experience lower volatility; the Holy Grail of investing.  “This is helped by the fact that buybacks act as a bit of a floor during periods of heightened volatility, and act as additional price support for companies even when their share price might be falling,” says Cameron Lilja (pictured), Director of Product Development, Nasdaq Global Information Services and author of the Stock Buybacks white paper, which published last month. Stock buybacks are nothing
The US CFTC has approved a supplement to its December 2013 position limits proposal that will modify the procedures for persons seeking exemptions from speculative position limits for non-enumerated bona fide hedging.   The proposal would also define procedures for recognition of certain anticipatory bona fide hedge positions. The  supplement would provide a new  process for exchanges to recognise certain positions in commodity derivative contracts as non-enumerated bona fide hedges or enumerated anticipatory bona fide hedges, as well as to exempt from federal position limits certain spread positions, in each case subject to CFTC review.  The proposal also includes corresponding
OppenheimerFunds has formed a strategic partnership with Macquarie Investment Management, a division of Macquarie Group Limited (MQG), to launch the Oppenheimer Macquarie Global Infrastructure Fund. The Oppenheimer Macquarie Global Infrastructure Fund seeks total return. The mutual fund seeks to offer portfolio diversification, a potential hedge against inflation, strong risk-adjusted returns relative to the broader equity market, and liquid exposure to an asset class that has traditionally only been available in private or illiquid structures. The fund employs rigorous, fundamental bottom-up research to identify hidden alpha opportunities as well as robust portfolio construction and risk management. The portfolio managers invest in
Irving H Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L Madoff Investment Securities LLC (BLMIS), has filed a motion in the United States Bankruptcy Court for the Southern District of New York seeking approval for an allocation of recoveries to the BLMIS Customer Fund and an authorisation for a seventh pro rata interim distribution from the Customer Fund to BLMIS customers with allowed claims.  A hearing has been scheduled for Wednesday, 15 June, 2016, at 10:00 am EDT. Plans for a seventh interim pro rata distribution may now be made, as a result of the
STOXX Ltd, operator of Deutsche Boerse Group’s index business, and a global provider of tradable index concepts, has extended the STOXX Select and STOXX Diversification Select index families that were introduced in October 2015.  The newly launched indices combine investment themes such as Low Carbon and ESG with low volatility, high dividend and low correlation screens, thus creating hybrid index concepts. The STOXX Select and STOXX Diversification Select index families are specifically designed as liquid underlyings for financial products such as structured products and exchange traded-funds. The combination of the screens in the index methodology sets an attractive pricing framework
Bloomberg has launched the Entity Exchange platform, a web-based, centralised and secure solution that enables buy-side firms to provide entity data and documentation to their trading counterparties. Entity Exchange eases the process of opening new trade accounts for the buy-side, while also helping brokers satisfy Know-Your-Customer (KYC) compliance requirements. David Sharpe, Director of Operations at Fortress Investment Group, says: "An investment firm of our size with a diverse portfolio needs to establish relationships with new trading partners quickly and securely so that we can effectively manage our operations." Sharpe further explains, "The exchange of official information and documentation with our
Colin W McLean, FSIP, has been elected the new Vice Chair of the Board of Governors of CFA Institute, the global association of investment management professionals.  Effective 1 September, McLean succeeds Frederic P Lebel, CFA, who becomes the newly elected Chair of the Board. The new board line-up was elected by the membership at the 69th CFA Institute Annual Conference, held in Montreal earlier this month. McLean is the first non-Charterholder to hold this role.   McLean is CEO of SVM Asset Management Ltd, an independent fund management group based in Edinburgh, UK, which he founded in 1990. SVM specialises

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