Digital Assets Report

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Chicago-based LJM Partners has added two new positions to it’s expanding management team roster, as the 17 year old financial firm continues to grow. Susie Braman joins LJM Partners in the new role of Compliance and Operations manager.  She previously worked with Liccar Securities, a boutique broker-dealer compliance and operations firm specializing in hedge fund custodial services, private securities transactions, and mutual fund sales.  She will manage day to day compliance and operations issues and all regulatory reporting for LJM’s portfolios.  Alexa Auerbach also joins LJM in the new role of Director of Marketing. Auerbach joins LJM from Morningstar where
FIX Trading Community is sponsoring the ISO Study Group to determine the rules for the allocation of the ISIN standard to derivative instruments. As part of this effort, FIX is documenting a set of best practices to support the creation and dissemination of the ISIN identifiers amongst market participants using the FIX open standards. The other standards currently being discussed by the Study Group include FpML and multiple ISO standards. FIX is committed to integrating its open standards with both ISO and FpML to ensure maximum inter-operability amongst the standards.  The ISO TC68/SC4/SG2 Study Group on ISIN Allocation for OTC
Shareholders of ALTIN have rejected the proposals of Alpine Select to pay out a substantial dividend and to recall three long-standing members of the Board and replace them with appointees nominated by Alpine Select.  Thomas Amstutz has been elected as a member of the Board of Directors.   Shareholders have voted, by a significant margin, against Alpine Select’s requested distribution of a gross dividend of CHF 68,994,120 (CHF 20 per share before deduction of 35 per cent Swiss withholding tax) out of the retained earnings. The Board of Directors is pleased with this decision, as such a significant distribution would
The Irish Stock Exchange (ISE) launched a new website last year www.isefundhub.com for funds listed on the ISE to display important fund information such as key fund documents, investment manager profiles, NAV histories and analytics as well as peer comparisons among funds. There are currently over 2,000 funds listed on the ISE. Funds list on the exchange for a variety of reasons but predominantly to attract investment from institutional investors who may be otherwise restricted.  A listing also provides investors with an additional layer of regulatory oversight as well as tax benefits in certain markets and increased transparency and visibility.
Following the recent merger with BVI law firm, Orion Law, Cayman Islands and BVI attorneys-at-law, Travers Thorp Alberga, has appointed three new Partners and three new Associates.  Lucy Nicklas, a hedge fund and private equity specialist of some 15 years standing formerly with Perpetual and offshore lawyers, Walkers and then Maples, has joined the firm’s hedge fund group as a Partner in the Hong Kong office.   Nicklas will shortly be joined by her former colleague, Silva Seferian Jacotine, a hedge fund specialist of similar standing who will join the hedge fund group in the Cayman Islands office at the
Maples Fund Services has been appointed by Singapore-based EFA Group as administrator for its new asset-based direct lending vehicle, EFA Real Economy Income Trust (EFA RET). Maples Fund Services will provide a full range of administration services, including fund accounting and investor services services for EFA RET. Its customisable approach and sophisticated infrastructure, coupled with the expertise and experience of its team in working with loan and credit funds, were key elements in EFA Group’s decision to engage Maples Fund Services for EFA RET. Maples Fund Services was also selected to provide fund administration services to EFA Group’s Trade Finance
ProTrak International has released a major upgrade to its CRM platform for investment managers, hedge funds and private equity firms, Release 11.0. The latest release features a new option allows users to set up a designated secure folder where a copy of every document referenced in ProTrak is automatically kept and preserved in its original form, so that users cannot move or delete them.  Based on extensive observations and feedback from their global user community, ProTrack has also added a predictive, wizard-like Simplified Query option that pre-fills commonly used fields to save time. Individually personalised watermarks enable mass-customised reporting in
  The Board of Directors of the California Hedge Fund Association (CHFA) has elected Adam R Wagner (picture), Chief Operating Officer of Blue Jay Capital Management, to become a Director on the Board.  In his current role Wagner is responsible for the daily trading operations, marketing and investor relations functions at Blue Jay which manages long/short equity healthcare portfolios. Prior to joining Blue Jay in 2013, Wagner was a vice president of Pershing, a BNY Mellon company, where he was a senior member of the Sales and Relationship Management group within Pershing Prime Services. Wagner was responsible for establishing and
The Alternative Investment Management Association (AIMA), the global representative body for alternative asset managers, is to establish a new volunteer network in Bermuda. AIMA members on the island will be represented by a new Executive Committee (ExCo). This ExCo and supporting committees will seek to boost membership and support the continued development of Bermuda’s alternative investment community.   The initiative is being chaired by Craig Bridgewater, a Managing Director of KPMG in Bermuda, who called for volunteers to join the ExCo and contribute to AIMA initiatives locally and globally at a launch event at the Bermuda National Gallery attended by
The Managed Funds Association (MFA) has filed a comment letter addressing the automated trading rules, known as Regulation AT, proposed by the Commodity Futures Trading Commission (CFTC). “MFA Members support the CFTC’s goal of modernising regulatory oversight of futures trading with appropriate risk controls, transparency measures and other safeguards,” says MFA President and CEO Richard H Baker (pictured). “However, this proposal takes a one-size-fits-all approach and MFA Members have concerns with aspects of the proposal that could put sensitive and proprietary information at risk, unnecessarily.   “We appreciate the Commission’s work on these important issues, but believe regulators should focus

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