Northern Trust is to acquire BEx, a provider of foreign exchange (FX) software solutions, to drive innovation and growth in its Global Foreign Exchange business. The acquisition will give Northern Trust ownership of a platform providing algorithmic FX trading, global
A new survey by Jacobson Fund Managers indicates that investible hedge fund indices (IHFIs) “do not provide any real benefits over funds of hedge funds”. Given the rapid rise in popularity o
Financial services firm Cowen Group has hired Thomas O’Mara as head of equity derivatives and convertibles. O’Mara will be primarily responsible for expanding the firm’s equity derivative capabilities and building out a presence in the convertible market. He will be
The Financial Services Information Sharing and Analysis Center (FS-ISAC), has appointed Steven Silberstein as President and Chief Executive Officer (CEO), effective 1 January 2019. FS-ISAC is a non-profit member-driven organisation that helps to assure the resilience and continuity of the
Stuart Davies, who previously managed Coronation International’s Relative Value Fund, has joined Cardinal Asset Management in London. Cardinal, the institutionally
Aladdin Capital has appointed Keith Innes as its global head of sales. Innes joins Aladdin with over 25 years of financial industry experience in institutional sales at Lehman Brothers, Banque Indosuez (later bought by Credit Agricole) and most recently at
BNP Paribas has selected FIS’ Cleared Derivatives Margin Advisor, a solution that enables sell-side firms, investment funds and institutional investors to better assess and calculate initial margin requirements on cleared derivatives portfolios. FIS’ Cleared Derivatives Margin Advisor replicates margin requirements
Bitwise Asset Management, creator of what it says is the world’s first cryptocurrency index fund, has launched two new low-cost, liquid beta funds, holding bitcoin and ether exclusively. The Bitwise Bitcoin Fund and the Bitwise Ethereum Fund are the
GLG Partners, the London-based manager with USD12.5 billion assets, has raised USD100 million for its first hedge fund investing in equities in Japan. According to
