Funds
Gadze Finance has launched a DeFi focused crypto fund with an initial USD25 million under management, growing to USD100 million over the coming six months.
The new fintech startup launched by Mike Silagadze and Andrew McGrath aims to democratize access to safe crypto investing strategies. Gadze Finance is based and operated in Cayman Islands.
Crypto is a USD2 trillion asset class, and DeFi (decentralised finance) is a rapidly growing USD100 billion segment where quick and efficient smart contracts, rather than central financial intermediaries, power financial transactions. Productive assets that are being built on DeFi that span finance, gaming, and art.
Optiver, a global market maker, has launched its corporate strategic investment initiative, Optiver Principal Strategic Investments (PSI).
For more than 35 years, Optiver has been committed to improving global financial markets at every stage, for all parties involved. Through Optiver PSI, the firm seeks to build upon this mission by partnering with entrepreneurs shaping the financial markets of the future.
Historically, Optiver has been focused on its core activity of making markets in listed derivatives and equities. Through pricing, execution and risk management, the firm’s 1300+ employees have remained steadfast in their shared commitment to improving the market. In
The Citco group of companies (Citco) has completed the migration of USD1 trillion worth of assets under administration (AUA) onto the newest version of Æxeo running on Amazon Web Services (AWS), in one of the largest accounting transitions in history, and the largest within the alternative investment sector.
Citco, the global asset servicer to the alternative investment industry, has moved all its clients using Æxeo – its straight-through, proprietary front-to-back office solution – from its physical data centers to AWS over the past 18 months.
The move means all of Citco’s hedge fund and hybrid clients now have a secure
VTB Group is launching a new business line that will focus on climate finance and carbon market operations both in Russia and internationally.
Vladimir Litvak, who has over 25 years’ of experience in green financing and carbon trading markets, will head up the newly formed division.
This business line will build on VTB Group’s ability to finance major projects and expertise in commodity markets with a focus on the following areas:
• Raising financing in Russian and international markets for Russian companies to execute ESG projects aimed at reducing emissions, providing greenhouse gas capture and storage, introducing low-carbon
Hedge funds’ overall momentum in 2021 has been halted, with managers across a range of strategy classes left counting the cost of September’s bumpy equity and credit market reversal, new industry data published this week shows.
Livermore Investments Group, a leading Collateralised Loan Obligations (CLO) equity anchor investor in over USD13 billion of new issue CLO transactions, has anchored the majority equity stake in Ares 61 – Ares Managements’ latest USD500 million CLO which closed on 30 September 2021.
The transaction, arranged by Nomura Securities, priced with a competitive weighted average cost of debt of Libor + 1.61 per cent. The CLO has a five-year reinvestment period and will be managed by Ares Management, one of the largest and most experienced CLO managers, with over USD28 billion of CLO AUM. Livermore’s controlling equity also comes with
Exberry, an exchange technology pioneer, is providing its “Marketplace as a Service” technology at the heart of ProMEX, the digital marketplace for physical commodities.
The new technology partnership will enable ProMEX to create new products and markets at speed, and securely offer trading in a wide variety of commodities in new ways.
ProMEX delivers an end to end digital experience in physical commodity trading. The platform provides direct, real-time trading without intermediaries or clearing houses and eliminates settlement risk for its users. This shortened settlement cycle also reduces counterparty risk. Exberry’s matching engine is central to this process.
The
Man Group’s funds under management reached a new high of USD139.5 billion during the third quarter, fueled by positive inflows and strong investment performance, with its hedge fund and alternative strategies driving growth.
Satuit Technologies by Tier1 Financial Solutions (Tier1), a global specialist in CRM, AML compliance and fraud prevention solutions, has partnered with Versoft Consulting to bring enhanced integration to the Satuit product suite and portfolio accounting solutions.
Novus Partners, a portfolio intelligence company servicing both asset allocators and hedge fund managers, has launched the “Novus Greater Good Award” programme which is geared to foundations, endowments, pensions plans and sovereign wealth funds that can demonstrate a positive impact they are making on the world through their investments.
“We recognise that today, capital allocators are the actors who are directly investing in our collective future. By empowering a mission-driven investor via the ‘Novus Greater Good Award’ we hope to contribute in a small way to making that future just a little bit brighter,” says Andrea Gentilini, Chief Executive Officer
