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Broadridge Financial Solutions has appointed Stephanie Clarke (pictured) to the role of senior vice president of Global Market Intelligence within its Mutual Fund and Retirement Solutions business based in London.  Clarke's hire underlines Broadridge's commitment to grow its competitive intelligence business following the acquisition of the Fiduciary Services and Competitive Intelligence Business from Thomson Reuters in 2015. This latest hire focused on Europe, Middle East, Africa and Asia is part of Broadridge's strategy to continue developing its analytics and market intelligence solutions for mutual fund manufacturers, ETF issuers and fund administrators globally. Broadridge's intelligence solutions provide financial services firms with
The SS&C GlobeOp Forward Redemption Indicator for May 2016 measured 4.38 per cent, up from 2.94 per cent in April. "Looking at the year over year comparison, SS&C GlobeOp's Forward Redemption Indicator for May 2016 was 4.38 per cent, an improvement from the 4.68 per cent seen a year ago for May 2015," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "So far in 2016, four of the first five monthly Forward Redemption Indicator readings have come in lower than the corresponding months of 2015, indicating that investors continue to show confidence in their hedge fund allocations."
BlackRock has named Mark Wiseman as incoming Senior Managing Director and a member of the firm’s Global Executive Committee (GEC).  Wiseman will become Head of BlackRock’s Global Active Equity business and will become Chairman of the BlackRock Global Investment Committee, the investment sub-committee of the GEC. He will also help support BlackRock Alternative Investors. Wiseman will report to Robert S Kapito, President of BlackRock, and will join the firm in early September. Wiseman currently serves as President & Chief Executive Officer of CPP Investment Board, which manages approximately CAD280 billion on behalf of the Canada Pension Plan and its 19
EBS BrokerTec, ICAP's electronic foreign exchange (FX) and fixed income business, has completed a rebrand of the product formerly known as MyTreasury and launched EBS Treasury as a cash and FX liquidity management centre for treasurers.  As announced in July 2015, EBS Treasury has now gone live with a new FX offering, fully integrated into the new platform to act as a single gateway to multiple markets.    EBS BrokerTec has added new FX functionality onto the EBS Treasury platform to support the trading of FX spot, forwards and swaps, leveraging FX pricing from EBS Direct – EBS BrokerTec’s disclosed
SYZ Asset Management, the institutional asset management division of the SYZ Group, has appointed Cédric Vuignier (pictured) as Head of Manager Research & Alternative Investments, and Bertrand Dord, as senior analyst.  Vuignier will take up his position on 1 June 2016, replacing Michaël Malquarti, who is taking his career in a new direction. A joint handover period until the end of June will enable a smooth transition between the two managers.   Based in Geneva, Vuignier has over 14 years of experience in alternative investments research and selection, of which 12 years were with HSBC (2000-2012) in New York and
Lyxor Asset Management and Nordic financial services group, SEB are to launch a multi-manager strategy in the form of a dedicated Multi-Manager UCITS vehicle, offering daily liquidity.  The product aims to provide a transparent and efficient structure to investors, and is designed to navigate the current uncertain market context. SEB will act as investment advisor, while Lyxor will manage the investment strategy that will be available to SEB’s institutional and private investor base.   The firms write that the strategy’s innovative format is a simple and cost-efficient solution for investors looking to alternative strategies for diversification and enhanced performance with
The unlisted natural resources debt fundraising market has developed since the financial crisis, with 54 funds closing since 2010 raising a combined USD29 billion.  The most successful year of fundraising occurred in 2013 when 15 funds reached a final close, raising a combined USD11 billion; by comparison, five funds raised just USD0.5 billion in 2014, and nine funds closed in 2015 securing USD5.5 billion of investor capital. Since 2010, 79 per cent (USD23 billion) of investor commitments have gone to funds with a primary focus on energy; vehicles with a diversified approach saw the next highest amount of capital, raising
The European Energy Exchange (EEX) is to expand its offering on the Power Derivatives Market with further short-term maturities. From 16 June 2016, day and weekend contracts for peak-load deliveries of power can be traded in the French and Italian market areas.  Concurrently, EEX will introduce week futures for base-load deliveries of power in the Dutch, Swiss and Nordic market area, which will supplement the existing product offering comprising month, quarter and year futures on these markets. “The introduction of further short-term maturities contributes to strengthening liquidity in the market areas“, says Dr Tobias Paulun (pictured), Chief Strategy Officer of
Phase 2 of GMEX Technologies’ project to implement the warehouse receipt system AvenirWRS at the Agricultural Commodity Exchange for Africa (ACE) in Malawi, is now live. This latest project phase delivers warehouse receipts creation, management and financing.  Associated activities include enhanced contact management and accounting functions for warehouse charges and fees.  The solution also extends SMS messaging, documentation and auditing functionality. The implementation follows the successful launch of the contact database functionality, in February in phase 1, allowing operators and agents (e.g. farmer cooperative societies, brokers etc.) to set-up and maintain a database of farmers who are interested in taking
Four out of six of IndexIQ’s family of IQ Hedge Indexes recorded positive performance in April, with the IQ Hedge Long/Short Index leading the way with a return of 1.25 per cent. The other positive performers were the IQ Hedge Market Neutral Index (0.91 per cent), the IQ Hedge Multi-Strategy Index (0.78 per cent) and the IQ Hedge Event Driven Index (0.38 per cent). The month’s biggest loser was the IQ Merger Arbitrage Index with a return of -1.01 per cent, while the IQ Hedge Global Macro Index returned -0.28 per cent. “The upturn in equity markets started to look

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