Digital Assets Report

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Throughout December, Bougeville Consulting will be collecting stationery items from hedge fund clients and contacts within the financial services industry.  This is part of the firm’s seasonal appeal, aiming to bring what it collects – pens, writing paper, old laptops etc – to a charitable association called Aide et Action, which supports Education in Burkina Faso.  Bougeville’s team will fly to Ouagadougou with the donations in January to see how they will be dispatched on the ground.  The firm has formed several partnerships in a bid to collect as many items of stationery as possible and has received generous advice
Financial services technology providers Fund Recs and CloudMargin are offering the first fully integrated, cloud-based collateral management and portfolio reconciliation platform.  This partnership meets the needs of derivatives users looking to improve processing efficiency, minimise risk and meet the regulatory requirement to reconcile portfolios mandated by EMIR. Fund Recs adds the essential operational control and key collateral dispute resolution tool of portfolio reconciliations, a requirement for regulatory compliance under EMIR, into a single user interface with CloudMargin. CloudMargin offers clients optimised end-to-end collateral management workflow for the full spectrum of margined products such as OTC bilateral and cleared derivatives, futures and
Ahead of OPEC’s next meeting on Thursday 27 November, Graham Martin, Managing Director at Optima Investment Management (Europe) provides his view on the impact discussions around the levels of oil production may have on investors… It's likely the market is currently pricing in the nervous expectation that OPEC won't agree to cut production. If OPEC announced a co-ordinated cut of 500,000 barrels per day or more we would expect a rally in oil and oil related equities. While core-OPEC will undoubtedly demand some output reductions from members such as Angola, Nigeria, Venezuela, Qatar, and Algeria, the main cuts will have
The US West Coast is an important region in terms of real estate investment, home to some of the largest institutional investors in the asset class as well as many prominent fund managers. Recent years have seen funds focusing on real estate investment in the West Coast raising increasing amounts of capital, with growing numbers of managers hitting or exceeding their target size. The West Coast therefore represents a growing source of interest for institutional investors, with funds focusing on West Coast investment accounting for over a third of aggregate US regional-focused capital raised in 2014 so far.  Residential property
Convex Capital, the global corporate finance boutique, has promoted Tim Marlow to Partner, with immediate effect. With his promotion, Marlow, who joined the firm in 2006, will join Neil Worsley, Mike Driver, Chris Froggatt and Nathalie Blake at the head of the Firm.   Marlow will continue to advise entrepreneurs and owner-managed businesses on the sale of their equity across his specialist sectors, including e-commerce, technology and retail.   In 2014, Marlow has worked on a number of high profile clients including the GBP110m sale of electronic cigarette company Nicolite’s to Philip Morris, the largest deal of its type to
RARE, the Australian Infrastructure Investment Manager, has chosen Calastone to automate their global funds transactions. Calastone’s single-to-many cross border fund service automates the flow from participating platforms and custodians into RARE’s global fund range registered across Australia, US, Canada as well as in the UK, Ireland, Netherlands, Cyprus and Switzerland. Peter Hermans, European Sales and Business Development Director, says: “We are delighted that RARE has signed up to use Calastone’s global network to transact their funds. We help clients connect to their distributors via the Calastone community utilising our automated messaging service, which provides further efficiency to fund transactions, reducing
SCORPEO  has recruited Jack McNally as Managing Director of SCORPEO US, based in the firm’s newly opened US office in Boston and Chris Barrow as Head of Business Development, based in London. Prior to joining SCORPEO, Jack McNally worked for Lehman Brothers and then Credit Suisse for 11 years in New York, Boston and Zurich, where he was a Managing Director and Global Head of the Managed Securities Lending Business and Head of Prime Services, Switzerland.   Chris Barrow recently joined SCORPEO from HSBC where he was a Managing Director and Global Head of Sales and Marketing for Prime Finance.
Contix, a provider of social media event-surfacing technology, is opening its platform to “general availability” for trading desks and other finance professionals for the early identification of market-moving news events. Contix’ platform is in use by trading desks representing hundreds of billions of dollars of assets under management. The company is engaged with some of the world’s largest and most technologically sophisticated hedge funds. “Every day, news of unplanned events — takeover bids, lawsuit judgments, contract awards, clinical trial results, industrial accidents, etc — breaks first on social media, and Contix’s algorithms rapidly identify these events and alert its users,”
Brokers facing the challenges of reduced trading revenues in European equities and new regulatory initiatives are also under pressure from the continued migration of trading business to lower-margin electronic execution. Despite a multi-year bull market in European stocks and a pick-up in trading volume in the first half of 2014, the amount of commissions paid by institutional investors to brokers on trades of European equities remains 46% lower than it was at its 2008 peak. In 2014, the overall “commission wallet” used by institutions to pay for sell-side European equity research, advisory and execution services totalled EUR2.73 billion, according to
Abacus Group, LLC, a provider of hosted IT solutions for hedge funds and private equity funds, has launched the Abacus Cloud Panel This web-based portal enhances the visibility and management of AbacusFLEX Mail for chief executive officers (CEOs) and chief technology officers (CTOs). The solution delivers on demand reporting and increased transparency, minimising infrastructure costs and enhancing control of deployment.     Abacus Cloud Panel is a hosted exchange control panel that allows business owners the freedom to provision resources directly from the web. It gives business owners the flexibility to create their own mailboxes, distribution groups and public folders

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