Funds
Egeria is to acquire 100 per cent of the shares of consumer electronics manufacturer Trust. Financial details of the deal have not been disclosed.
Mark Wetzels from Egeria says that Trust owes its prominent position to its customer focus, speed of new product introductions and the company’s enterprising culture, among other things. “Trust has shown in recent years that it has the right qualities to operate very successfully in the dynamic market in which it is active. For example, Trust Gaming has become a household name among gamers internationally in a short time, due in part to its close relationship
Founded in 2004, Fulcrum Asset Management is a multi-asset fund manager with assets under management of USD6.1 billion and a team of over 70 people that includes economists, asset class specialists and systematic researchers.
Paul Seaton, director, North America, has been with the firm since inception and took up his role in expanding the firm into North America in 2016. There is now a team of four in the US with three in New York and one in Chicago.
Seaton says: “The mission was to grow our US client base as what we do across our range of discretionary
Ampersand Portfolio Solutions has published the third part of its white paper entitled The Risk Contribution of Stocks.
The firm writes that part three provides a path for mitigating the significant risk of over allocating to stocks as identified in its prior white paper, The Risk Contribution of Stocks, Parts 1 &2. In the new and final instalment of the three-part series, Ampersand introduces a way to diversify beyond stocks and bonds without having to sell the stock/bond portfolio holdings.
The firm writes that its white paper clearly illustrates the riskiness of a 60/40 stock/bond portfolio, showing that
Envestnet | PMC, the Portfolio Management Consultants group of Envestnet, has launched three new Impact QPs. The entire suite of QPs recently surpassed USD1 billion in total assets under management.
The Impact Small Cap Core Portfolio-ESG, Impact International ADR Portfolio-ESG, and Impact Emerging Markets ADR Portfolio-ESG are constructed by PMC’s Quantitative Research Group (QRG) using environmental, social, and governance (ESG) company data from Sustainalytics, an independent global provider of ESG research and ratings.
“Our QP products provide cost-efficient, transparent access to high-sustainability securities across multiple asset classes, and can be tailored to an investor’s goals and preferences using a
Cryptocurrency research firm Crypto Fund Research reports that prices for cryptocurrencies like Bitcoin and Ethereum are off about 50 per cent from their December 2017 highs and the SEC has announced its intent to investigate over 100 crypto hedge funds.
“Yet those hurdles haven’t slowed the explosive growth of new crypto investment funds launching across the US,” the firm says. “With over 100 new crypto fund launches, 2017 was a record year for the industry. The explosive growth of the cryptocurrency and blockchain investment universe has continued in 2018.
“Already there have been 34 new crypto fund launches this year,
Torstone Technology, a provider of post-trade securities and derivatives processing, has launched a new brand identity – Simplifying Post-Trade Processing and offering a post-trade platform which is Fast, Flexible and Future-proof.
Torstone’s rebrand comes at a time of great industry and regulatory change in global financial markets and clearly reflects its renewed focus on enabling firms to reduce their costs, achieve greater control, minimise risk, ensure compliance, and drive operational efficiency amidst this change.
This past year has seen Torstone make a series of announcements in support of client needs as market conditions have evolved. For example, in the
Commodity investment is back in the spotlight, says investment consultants, bfinance.
The firm writes that after a decade of poor performance, many commentators delivered a more bullish outlook for commodities during the first quarter. Such predictions are buoyed by global economic growth and some helpful market dynamics, such as the reduction in contango.
Goldman Sachs announced on February 1st that it expects returns of 15 per cent on its commodity index (GSCI) over the next six months and claimed that the environment for commodities was ‘the best [seen] since 2004-2008.’ Prices have surged, fallen amid the equities rout and
UK bookseller Waterstones has been acquired by funds managed by activist hedge fund manager Paul Singer’s (pictured), Elliott Advisors.
Waterstones operates a chain of 283 bookshops located across the UK and Ireland, and in The Netherlands and Belgium, and had sales of over GBP400 in the year to end April 2017.
Lynwood Investments, controlling shareholder of Waterstones since 2011, will retain a minority stake.
Founded in 1977, Elliott is one of the oldest and largest private investment organisations globally, with funds under management of approximately USD35 billion. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments,
Ethics and professionalism are playing an increasingly significant role in investment professionals’ careers and influencing where they want to work, according to the latest CFA UK Ethics Survey.
Now in its sixth year, the survey highlights the challenges experienced by investment professionals, as well as the issues they consider most important.
Evaluating the importance of various issues when considering accepting a role at a new firm, nearly two thirds of respondents (63 per cent) awarded a score of 10/10 for the firm acting in an ethical manner in interactions with themselves and with clients, compared to 58 per cent
Swiss fintech specialist Avaloq has acquired a 10 per cent stake in Metaco, a Lausanne-based blockchain and crypto-currency specialist.
The acquisition, which is part of Metaco’s second round of funding, will see Francisco Fernandez (pictured), Avaloq’s founder and Group Chairman, join Metaco’s Board of Directors.
Established in 2014, Metaco helps banks and financial institutions, including national banks, capitalise on the latest blockchain technologies and systems. It has developed specialist, high-grade cryptographic solutions that can be fully integrated into a bank’s core processes. The firm, which is already offering its solutions on the Avaloq Software Exchange, is also a leading
