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SteelEye, the UK-based compliance technology and data analytics firm, has announced plans to bolster its footprint by expanding into North America.
SteelEye, which has seen rapid growth in Europe since launching in 2017, delivers a comprehensive SaaS-based regulatory technology (regtech) platform that allows banks, brokers, and asset managers to simplify their compliance processes across various EU, UK and now US, market regulations.
The SteelEye platform reduces the complexity and cost of financial compliance by providing a range of regulatory tools that support effortless compliance management, allowing compliance teams to improve efficiencies, reporting accuracy and overall transparency, all from one
Interview with Jonathan Planté, Director of Business Development, Innocap…
What have been the key business developments at Innocap over the last 18 months?
An important development we are seeing is that the mandates on our platform are increasingly larger in scale. Over the past 18 months, we continued to gain a lot of ground with public pension funds whose assets under management exceed USD100 billion. We are experiencing steady growth in the average size of allocations per fund. For instance, we onboarded USD1.75 billion into a single fund on behalf of a European financial institution.
On the North American side, we
By Abali Hoilett & Benoit Sansoucy, Maples – Canadian institutional investors have been at the forefront of investing in the alternative investment space, utilising innovative bespoke structures that reduce operational and investment risk and enhance returns. The widespread adoption of managed account platforms (“MAPs”), which create optimal conditions to generate and preserve alpha, while mitigating the risk from investing in commingled structures, has seen the vast majority of Canadian institutional investors engage a managed account platform provider (“MAPP”).
StoneX Group’s Fixed Income Division has bolstered its Treasury Desk and presence in the treasury markets by hiring industry veterans Stefan Dannibale, Eric Drexler, and Matt Rader.
Read the full story at Institutional Asset Manager…
Xponance, a USD12 billion multi-strategy investment firm, and Investcorp, a USD35 billion leading global provider and manager of alternative investment products, have entered into a strategic partnership to collaborate on General Partnership (GP) staking and seeding interests in diverse and woman-owned alternative asset managers. This venture will build on the strengths of both Investcorp’s extensive alternatives expertise and Xponance’s long-lived and pioneering efforts in the seeding and funding of strategies offered by diverse and woman-owned managers.
Read the full story at Institutional Asset Manager…
CI Financial Corp is to acquires full ownership of alternative fixed-income investment firm Lawrence Park Asset Management (Lawrence Park).
CI currently holds a minority interest in Lawrence Park, a Toronto-based alternative asset manager founded in 2011. Lawrence Park manages approximately CAD600 million of assets specialising in credit-focused strategies, including a hedge fund, a liquid alternatives fund and an ETF.
“The Lawrence Park team has decades of experience in fixed-income markets and alternative investing, and has been a valued partner for CI since 2012. We are thrilled to finally bring that expertise in-house,” says Kurt MacAlpine, CI Chief Executive Officer. “Alternatives
Abry Partners-backed Options Technology, a provider of IT infrastructure to global Capital Markets firms, has closed on its acquisition of Fixnetix, a DXC Technology Company. Financial terms of the agreement have not been disclosed.
Fixnetix provides outsourced front-office trading services to investment banks, hedge funds, proprietary trading firms and exchanges worldwide and was part of DXC’s global banking and capital markets business. This deal supports Options’ growth strategy and combines two industry leading teams committed to optimising the service offered to their customers across the financial sector. As a result of the acquisition, clients can avail of the extensive market data footprint
Integral, a technology company in the foreign exchange market, has reported average daily volumes (ADV) across Integral platforms totalled USD53.6 billion in March 2021. This represents an increase of 6.3 per cent compared to February 2021 and a decrease of 3.6 per cent compared to the same period in 2020.
Read the full story at Institutional Asset Manager…
Hedge funds are “cautiously optimistic” on their growth prospects for the coming year, according to a new deep-dive industry study jointly published by the Alternative Investment Management Association, Simmons & Simmons and Seward & Kissel.
Why the Archegos debacle is raising renewed fears of market excesses
Why the Archegos debacle is raising renewed fears of market excesses