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Multiple and powerful pressures are impacting the hedge fund industry, but two are particularly prominent: a dramatically increased regulatory burden, and investor demands for greater transparency and lower fees.  Far-reaching and complex new rules continue to reshape the environment, from Dodd-Frank and EMIR to FATCA and AIFMD. To meet these stringent regulatory responsibilities, and keep pace with evolving investor best practices, hedge funds will need to adopt a firm-wide “culture of compliance.” Non-compliance not an option Satisfying regulatory rules and investor demands may seem like a costly headache, but compliance is simply good business. Poor or non-compliance risks: More frequent
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has increased its US presence and capabilities by opening a new office in Boston, which will provide support for its growing client base and the industry’s ever increasing demand for the AbacusFlex private cloud solution. Abacus’s entry into the market was spurred by being selected by Boston based clients to provide a scalable, flexible and robust technology solution that also adheres to the latest regulatory compliance and security requirements.   "The financial services industry in the Boston area is significant, and both established and up-and-coming startup funds from across the region
Natixis Global Asset Management has launched the ASG Dynamic Allocation Fund (DAAFX), a global asset allocation mutual fund managed by AlphaSimplex Group, LLC (AlphaSimplex). The fund seeks to deliver long-term capital appreciation to investors looking for a tactical global asset allocation strategy.   “Building a durable investment portfolio has become even more challenging in a volatile market environment buffeted by global economic uncertainty,” says David Giunta (pictured), president and chief executive officer, at Natixis Global Asset Management, US Distribution. “To successfully diversify a portfolio of traditional stock and bond funds, investors need adaptive tools, such as the ASG Dynamic Allocation
Banking and payments technology specialist FIS has closed it s acquisition of SunGard, a financial software and technology services companies. The acquisition will allow FIS to offer a broad range of enterprise banking and capital markets capabilities that will further empower the financial industry worldwide.   With complementary technology solutions and services encompassing retail and institutional (or wholesale) banking, payments, risk management, asset solutions and insurance, the combined company now has more than 55,000 employees and USD9.3 billion in revenue on a pro-forma basis. “At FIS, we are driving innovative solutions and delivering high-quality client experiences that move our clients’
More than 150 individuals representing AIMA Canada member firms from across the country participated in annual wine-tasting receptions held in Toronto and Montreal respectively last week. Sponsored by BMO Capital Markets, McMillan LLP and KPMG, the member appreciation receptions capped off a record year for AIMA Canada, which included some 60 social gatherings and content events, including regulatory updates and emerging managers’ series as well as the association’s first hedge fund conference, noted AIMA Canada Executive Director and BLG Partner Michael Burns.   “We have witnessed yet another extremely busy and successful year for AIMA Canada, with an increase in
  Popular opinion holds that investors largely favour the new rules and regulations introduced to mitigate risk in the wake of the 2008-09 financial crisis while managers of hedge funds uniformly oppose them. A new survey though, suggests otherwise. According to a study by Northern Trust Hedge Fund Services hedge fund investors and fund managers in fact express surprisingly similar views on regulation.   In a white paper about the survey findings, Minimizing Risk or Missing the Mark, Northern Trust Hedge Fund Services reveals that managers actually voiced slightly more optimism than investors about the effectiveness of the regulations adopted in the
Going into this week’s ECB meeting, Macro/ CTA strategies maintain large net short positions on the EURUSD cross, which are in line with expectations that the ECB will announce additional easing measures. Indeed, over the recent weeks, ECB officials have been pretty vocal about their intentions and this has contributed to the common currency being dragged close to 1.05 versus USD.
Deutsche Börse Cash Market: Deutsche Börse has introduced a new advanced version of its Xetra electronic trading system release 16.0, offering customers new matching functions specially designed for larger volume orders. In addition hardware optimisation has furthermore led to an overall performance improvement and reduction in latency. 

“With the new Xetra Release we are supporting our customers from an early stage concerning the implementation of regulatory requirements resulting from the EU Markets in Financial Instruments Directive, MiFID II. We are furthermore increasing the attractiveness of on-exchange trading compared to OTC trading through new features such as the Volume Discovery Order,”
Hawksford is now able to provide a full range of trust services to both private and corporate clients in the Cayman Islands, having secured a Trust Licence from The Cayman Islands Monetary Authority. Hawksford director Steve Robinson (pictured), who will help to build Hawksford’s name in the Cayman market, says the trust licence represents a milestone for the international corporate, private client and funds business. With this expansion into Cayman, Hawksford can now offer fiduciary services to clients from Europe, Asia and the Caribbean.   ‘We are delighted that Hawksford now has operating capabilities in the Cayman Islands, this is
A new trading team has joined London-based specialist CTO Old Park Capital to launch the SI8 strategy from 1 December. According to the firm, the SI8 strategy is a systematic trading model that generates uncorrelated high risk adjusted returns from daily volatility of markets and trades equities, rates, FX and commodities, and has been run by Shin Ikoshi and Paul Condon since October 2014.   Ikoshi has over 20 years’ capital markets experience, specialising in trading exchanged listed futures and options working for Mizuho Bank, UBS AG, Daiwa SMBC Capital and the Singapore based credit fund, Opus Europe.   Old

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