Funds
Data and Analytics company BMLL Data has signed a data distribution deal with Crux Informatics (Crux), a data delivery and operations firm.Read the full story at Institutional Asset Manager…
Boston-based Clough Capital Partners is an independent investment boutique which specialises in long short investing, has appointed Dr Noelle Tune, MD as a Director and a healthcare research analyst. In this role, Tune will join the Clough Capital healthcare team led by Chief Executive Officer, co-Chief Investment Officer, and Portfolio Manager Michael Hearle.
“Dr Tune brings the valuable perspective of both a practicing physician with a deep research background and a proven institutional healthcare equity research analyst,” says Hearle. “Her experience on the frontlines in the fight against Covid-19 is tremendously helpful as we pursue themes around testing, therapeutics and services.
Managed futures funds reversed course in September losing 0.67 per cent, according to the Barclay CTA Index, compiled by BarclayHedge. For the year-to-date, CTAs are up 2.09 per cent.
Securitize, a primary issuance and lifecycle management platform for digital securities, and an SEC-registered transfer agent, is to acquire Distributed Technology Markets (DTM), an SEC and FINRA registered broker-dealer and alternative trading system (ATS). DTM received approval in 2020 for the primary issuance and secondary trading of private placement securities, including digital asset securities. As part of the acquisition, Securitize will also acquire Velocity Platform, a money services business with money transmitter licenses in several states. The acquisition is subject to regulatory approval and terms of the transaction are not being disclosed.
Carlos Domingo, Securitize CEO and co-founder, says:, “The acquisition
The European Power Exchange EPEX SPOT and its clearing house European Commodity Clearing (ECC) have launched new local Intraday auctions in four countries: Austria, Belgium, France and the Netherlands. The first trading day was 14 October 2020. Market results are available here. These products complement the already existing local 15 minute Intraday auction in Germany, the coupled 30 minute Intraday auctions in Great Britain as well as the coupled 60 minute Intraday auctions in Switzerland.
Ralph Danielski, Chief Executive Officer of EPEX SPOT, says: “These contracts have been among the most requested innovations in our annual customer survey. Intraday auctions play
Marshall Wace, the long-running high-profile hedge fund set up by Sir Paul Marshall and Ian Wace, has taken a 3 per cent share in IAG, the owner of British Airways, Iberia, and Aer Lingus, in a reported bargain swoop for stocks and sectors hit hard by the coronavirus pandemic.
The London-based long/short hedge fund giant’s stake – estimated at around GBP140 million (USD181.3 million) – comes after BA earlier this week replaced its chief executive Alex Cruz with Aer Lingus chairman and CEO Sean Doyle, amid what IAG chairman Luis Gallego described as the “worst crisis faced in our industry.”
The coronavirus
Lazard Asset Management (LAM) has expanded its alternative investment platform, with the addition of a New York-based team and their long/short credit strategy. Sal Naro, Vincent Mistretta, Michael Cannon and Sanjay Aiyar have joined LAM from Coherence Capital Partners, forming the Lazard Coherence investment team.
“Sal and his team bring a wealth of investment experience and a unique approach to investing in credit markets. The addition of their credit capabilities is complementary to our growing alternatives business as well as our existing fixed income offerings,” says Loren Katzovitz, Managing Director, who leads the expansion of LAM’s alternative investment platform.
The Lazard
Apex Group, a global financial services provider, has acquired FundRock Management Company SA and FundRock Partners Ltd (FundRock).Read the full story at Institutional Asset Manager…
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.73 per cent in September, underperforming the -0.17 per cent monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
“Markets continued to rally in the third quarter of 2020 with optimism surrounding the development of a Covid-19 vaccine and an economic rebound,” says Jason Schwarz, Chief Operating Officer
International asset management consultancy, MJ Hudson, has acquired Bridge Group, a funds service provider based in Ireland, conditional on Irish regulatory approval. The acquisition will build on MJ Hudson’s specialist funds operations in London, Luxembourg and Guernsey and adds a strategically important geography to the MJ Hudson network.
Bridge Group is a Dublin based provider of specialist support services to the funds sector. Founded in 2005, it offers regulatory compliance, domiciliation and risk services and is authorised to provide third party management services to both UCITS and alternative investment fund platforms (AIFM and UCITS management services, commonly referred to as a
