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Barak Fund Management, an Africa-focused alternative fund management company, has chosen TFG Financial Systems to provide it with TFG Complete, TFG’s fully integrated middle office and risk management system.  TFG will be supporting two new Barak funds, investing in the commodities and forex markets respectively. Barak is a specialist in commodity-focused investment opportunities and trade finance across the sub-Sahara African region. Based in Mauritius (with the Advisory team sitting in South Africa), Barak invests across 30 African countries, with particular focus on the soft commodities and food product-related sectors. Lourens Harmse (pictured), Fund Manager of the new Barak Sarafu African
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Daniel Trentacosta as Sales Director. Trentacosta will play a key role in driving business development in North America for MUFG Investor Services’ asset servicing solutions across hedge funds, fund of funds and private equity/real estate funds. These solutions include fund administration, middle-office outsourcing, custody, depository, trustee, fund of hedge fund financing, FX and wider banking services. He will report to John Sergides, Managing Director, Global Head of Business Development & Marketing, in New York.    Trentacosta joins from Och-Ziff Capital Management Group, where he was
Schroders has launches the Schroder Alternative Solutions Commodity Total Return, a new fund offering commodities exposure with a flexible approach, allowing it to take advantage of a wide range of opportunities, as well as limit downside risk. The fund will invest in energy, agriculture and metals sectors worldwide and will adopt a highly flexible strategy which includes the ability to take short positions and the use of leverage. The fund will be managed by Schroders’ commodities team, led by Geoff Blanning.  Schroders has strengthened its investment resources in commodities in the past two years with the hiring of a Metals
 GAM, the independent, active investment manager, has appointed Tony Morton to its UK regional distribution team as a Client Manager. Morton will be responsible for promoting GAM’s product range, including its single strategy funds and the GAM Model Portfolio Service to advisers and discretionary managers in the North West. Prior to joining GAM, Morton was a regional sales manager at Coram Asset Management, covering the IFA and discretionary wholesale market in the North. Tony has previously worked for Premier Asset Management and Fidelity Investments in business development roles. Morton will report to Douglas Branson (pictured), Head of UK Regional Distribution,
BNP Paribas Investment Partners, Odey Asset Management and Sumitomo Mitsui Trust Bank are the newest members of the International Accounting Standards Board’s (IASB) Investors in Financial Reporting programme.   The programme was established in 2014 to increase the Board’s engagement with the investment community. The new joiners bring the total number of investment organisations in the programme to 18. The other members of the programme are Aberdeen Asset Management, Allianz Global Investors, APG Asset Management, AustralianSuper, BlackRock, Caisse de dépôt et placement du Québec, Fidelity Worldwide Investment, Henderson Global Investors, Hermes Investment Management, Insight Investment, Lazard Asset Management, Nomura Asset
The Financial Industry Regulatory Authority (FINRA) has gone live with expanded data on over-the-counter (OTC) trading in equity securities is now live, extending the authority’s trading-volume transparency to all of the OTC market. With this enhancement, FINRA is supplementing the data that it currently makes available on trading by alternative trading systems (ATSs) including venues known as "dark pools" with new data on all other equities volume executed OTC by FINRA members (non-ATS OTC volume). The additional data covers approximately 20 percent of all trading volume in National Market System equities. "Enhanced disclosure of over-the-counter trading serves the interests of
The European Energy Exchange (EEX) in line with its growth strategy achieved record results in both sales and profits in 2015.  In the course of the year, EEX Group, now fully incorporated with the companies Powernext, EPEX SPOT and APX, implemented a series of measures which aimed to increase volumes in its core markets, while expanding its product portfolio into new regions and product classes. EEX Group sales revenue increased by 147 per cent to a total of EUR190.4 million. Iris Weidinger, Chief Financial Officer of EEX, says: “The full consolidation of the new companies has made a significant contribution
The theory behind Moore’s Law is that computer processing power doubles every two years. And whilst technology advancements are benefiting global industry at large, within asset management it is beginning to blur the lines with respect to data and the myriad reports that regulators have required within recent years. Pushing the rock In short, it has become a Sisyphus-like challenge for asset managers—and will continue to be—as they bring on board new IT systems, and more reporting staff, in response to the reporting demands being placed on them. This is both a time and capital-intensive exercise. However, this is not
The State Street Global Investor Confidence Index (ICI) for April 2016 decreased to 109.1, down 5.7 points from March’s revised reading of 114.8. The decline in sentiment was driven by a decrease in the North American ICI from 123.7 to 115.  The Asian ICI decreased by 4.2 points to 107.8 while the European ICI fell the least, from 95.8 to 95.3. The Investor Confidence Index was developed by Kenneth Froot and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively by analysing the actual buying and
Nomura Research Institute (NRI) has begun the next phase of its I-STAR suite upgrades in preparation for the shortened settlement cycle of Japanese Government Bonds(JGB) to T+1 set by the Japan Securities Dealers Association (JSDA) Working Group scheduled for early 2018. I-STAR suite, NRI’s ASP back-office solutions for securities firms, enables clients to respond to the major regulatory changes in a timely manner and improve the efficiency of operations, while also reducing the cost burden. Of the I-STAR suite, this new upgrade will be applied to its I-STAR/LC product, NRI’s real-time clearing and settlement solution connected to the Bank of

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