Funds
Symbridge Holdings, a digital asset exchange built specifically for future-minded traders, has secured a USD9 million strategic investment from newcomer investor Traxys North America (Traxys), a physical commodity trader and merchant in the metals sector.
One of the world’s biggest commodity traders, Traxys, is diversifying into new trading markets with its investment in Symbridge. The partnership will also support Symbridge in meeting increasing investor demand for digital representation of physical commodities.
Adam Katz, a former Elliot Investment Management executive, and Andy Dodge – ex-Induba Capital Management – to launch a mid-cap focused activist hedge fund according to Bloomberg.
Capital-riaisng is said to be already underway for the new fund, which will be called Irenic Capital, with US250 million having been raised so far, including USD150 million commitent from the Fribourg family, owners of Continental Grain Co.
Hedge funds are selling growth-focused tech stocks at the fastest rate in a decade due to rising bond yields, according to a report by CNBC.
In the four sessions between 30 December and 4 January, hedge funds sold off tech stocks as interest rates spiked in what was the the biggest sale in dollar terms in more than 10 years.
Goldman Sachs says that hedge fund sales of technology stocks were driven almost entirely by long sales, as opposed to mostly short sales in the final two months of 2021, with sales driven by software and semiconductor stocks.
VERMEG, a software house providing Banking, Capital Markets, Insurance and Digital solutions, and Cassini Systems, a provider of pre- and post-trade margin and collateral analytics for derivatives markets, have partnered to assist financial institutions in complying with Initial Margin (IM) requirements for uncleared over-the-counter (OTC) derivatives, exchange-traded derivatives (futures and options) and prime brokerage.
VERMEG has integrated Cassini’s margin analytics platform into its COLLINE collateral suite, giving its clients a powerful new tool for achieving cost efficiencies and helping to meet requirements of the Uncleared Margin Rules (UMR).
As margin requirements have continued to increase across different business lines
Alternative asset manager Blue Owl Capital (Blue Owl) is to bring its institutional quality middle market lending capabilities to Canadian accredited investors.
The initiative positions Blue Owl as one of the first US-based private credit managers to offer direct lending capabilities to onshore Canadian investors.
Canadian investors will have access to the institutional share class of Owl Rock Core Income Corp (ORCIC), a business development company managed by Owl Rock, a division of Blue Owl. ORCIC has over USD2.7 billion in assets across 92 portfolio companies as of 30 November, 2021, and focuses on originating loans to, and making
Trading Technologies International (TT), a provider of professional trading software, infrastructure and data solutions to proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers and risk managers, has invested USD6.35 million in KRM22, a technology and software investment company focused on risk management for capital markets.
This is the first investment TT has made since its acquisition by 7RIDGE in late December.
In addition, TT has entered into a distribution agreement to market and distribute KRM22 risk management products. The products will leverage TT’s Software-as-a-Service (SaaS) platform ecosystem and significantly expand the firm’s risk management offering. The initial
The Archegos meltdown, the “meme stock” short-selling squeeze, and new curbs on Chinese education stocks contributed to a “significant stress test” for the prime brokerage sector in 2021, one which potentially heralds far-reaching consequences for the ways prime brokers and hedge funds do business in the future.
Franklin Resources, a global investment management organization operating as Franklin Templeton, has completed its acquisition of quantitative asset management firm O’Shaughnessy Asset Management (OSAM).
Pico, a provider of technology, data and analytic services for the financial markets community, has acquired Redline Trading Solutions (Redline), a provider of high performance trading and market data software solutions.
The addition of Redline’s multi-asset software solutions will provide access to a common API for global markets, both real-time and historical, delivered via Pico’s global network. The combined offering reduces complexity by allowing trading firms to optimise market access and coverage and trading stack performance in a seamless manner.
Redline provides ultra-low latency software solutions and common APIs to over 180 global venues serving a marquee client roster that
S&P Global has acquired The Climate Service, a specialist in analysing climate risks.
The acquisition will add capabilities to S&P Global’s portfolio of essential environmental, social, and governance (ESG) insights and solutions for its customers. Through this acquisition, S&P Global will be able to offer its clients even more transparent, robust and comprehensive climate data, models and analytics.
The Climate Service has developed an application for physical climate risk analytics for corporates, investors and governments. The company provides the Climanomics platform, a tool that quantifies climate risk. The outputs, including modelled transition risk and physical risk analysis presented in
