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Backstop Solutions Group, provider of a cloud-based productivity suite for institutional and alternative investors, has acquired ProTrak International, a provider of a client relationship management (CRM) solution tailored specifically to the needs of asset managers.
ProTrak has served the investment sector since 1988, meeting the need for investment professionals, such as hedge funds, institutional investment managers, private equity firms and family offices to customise and monitor communication with diverse segments of their markets.
“With technology shifting increasingly toward cloud-based deployments, ProTrak required a major investment in technology and infrastructure to support this type of platform. It made sense to seek
As the ongoing digital assets boom continues to throw up myriad investment opportunities for asset managers and investors alike, London-based Nickel Digital Asset Management aims to bridge the gap between traditional finance and the cryptocurrency market, offering a diverse range of investment strategies across the hedge fund, multi-strategy and long-only spectrum.
SECOR Asset Management, an independent global investment advisory and risk management firm, has launched the SECOR Hedged Equity Fund with approximately GBP110 million assets under management (AUM) from UK-based pension schemes.
Managed by Dmitri Smolansky, SECOR’s derivatives portfolio management team leader, the SECOR Hedged Equity Fund is a protected equity solution which invests in equity put options and diversified multi-asset hedges with the objective of outperforming MSCI ACWI over a market cycle with significantly lower volatility.
SECOR has been providing similar solutions to large institutional clients in separately managed accounts since 2012. With the launch of its Hedged Equity
Tier1 Financial Solutions, a provider of client relationship management (CRM), AML compliance and fraud prevention solutions, has acquired Satuit Technologies, a specialist in asset management CRM software solutions.
The acquisition allows Tier1 to accelerate its expansion into the buy-side and grow its global footprint. Terms of the transaction have not been disclosed.
The acquisition underscores Tier1’s continued commitment to the digitalisation of the entire client relationship workflow for Capital Markets, Investment Banking and Investment Management firms, ranging from large enterprises to small start-ups. Tier1’s growing portfolio of digital transformation and automation solutions are playing a key role in optimising client
The Hedge Fund Association (HFA) has announced the results of its 2021 Global Board of Directors election. HFA members re-elected Nick Tootle, and elected Pamela Brylski, Lou Garcia, Alice Lyu and Bo Megginson. HFA Global Board members are all industry executives that serve for up to two consecutive three-year terms.
“We are delighted to welcome HFA’s newest Global Board members, regional chapter directors and committee leaders,” says Lauri Goodwyn, HFA’s Global COO. “HFA is also excited to announce the launch of new committees focused on Private Equity and Venture Capital.”
“As our world deals with unprecedented challenges we do have
Flows into digital asset investment products slowed to their lowest weekly figure since October 2020 last week at just USD1.3 million, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Worries over bitcoin mining issues in Xinjiang, China, spooked the market, while the low inflows overall mask varied flows amongst digital assets. Outflows were primarily focused on bitcoin with USD21m being the largest weekly outflow on record.
Ether bucked the trend with investment product inflows of USD34 million. Inflows year-to-date of USD792 million represent 8 per cent of total AUM, while the recent rise in weekly inflows
Battea Class Action Services, a global expert in providing turn-key class and collective action antitrust and securities litigation recovery services, international litigation research and monitoring, has formed a new partnership with Apex Group.
For more than 20 years, Battea has been the industry leader and consulted as experts by multiple law firms in the US and Europe concerning how best to analyse the correlation between transactional and market events, locate data, including expert identification of different types of derivatives and FX transactions, as to implement the best process, weighting and allocation of settlements.
This partnership will provide Apex Group’s
Digital assets hedge fund BKCoin Capital has named Mark Treinkman as head of quantitative trading.
Treinkman was most recently at Pattern Capital Management, where he had been a software developer, portfolio manager, quantitative trader, and financial advisor focusing on small businesses, high net-worth individuals and independent RIAs.
He began his career in equities at Madison Proprietary Trading Group, before joining Chimera Securities as an equity trader, where he later shifted focus to quantitative approaches to trading capital markets.
New York-based BKCoin Capital, which manages around USD50 million, was co-founded in 2018 by ex-commodities and equities manager Carlos Betancourt and Kevin
Broadridge Financial Solutions has integrated global RegTech provider FundApps’ regulatory compliance technology with its buy-side portfolio and order management solution.
Broadridge’s clients will benefit from a unique regulatory compliance solution that addresses managers’ needs across shareholder disclosures, sensitive industry monitoring and position limit reporting, removing operational challenges in their search for alpha.
One Broadridge and FundApps client is BennBridge, a multi-boutique investment firm that strategically partners with fund managers.
“We deal across multiple global equity markets and, as a result, are continually faced with changes to regulatory compliance requirements that can create complex challenges. By using the FundApps solution, integrated
Metropolitan Partners Group (Metropolitan), a private credit fund manager based in New York that provides short-term, senior-secured, collateralised loans to small and mid-sized, non-sponsored businesses, has appointed Adam Goodfriend as a Managing Director in the firm’s investment team.
This is the sixth new hire the firm has made in the last year as Metropolitan has expanded its team to meet the growing demand for private credit investments.
In his new role, Goodfriend is responsible for sourcing, evaluating and executing investments at Metropolitan.
Prior to joining Metropolitan, Goodfriend was the Chief Investment Officer of Alpha Square Group, a large Asian-backed
