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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
Global Digital Finance (GDF), the global cryptoassets and digital finance industry membership body which promotes best practices for cryptoassets and digital finance technologies, has appointed Carl Schonander as its Regulatory Affairs Director for the US and the Americas.
Read the full story at Institutional Asset Manager…
Family office-backed alternative asset manager Trium Capital has attracted hedge fund manager Peter Kisler to manage his global macro hedge fund. Kisler has managed the fund since its inception a decade ago. He joined Trium in March 2021 and the Cayman fund will be renamed the Trium Larissa Global Macro Fund.
Kisler joins from North Asset Management, where he managed his strategy since its inception in April 2011. Prior to this, Kisler built up more than a decade of experience trading and managing fixed income and FX instruments. Kisler was a managing director at Swiss Re Group, London, from
Blockchain-based derivatives trading platform CloseCross has expanded its management team with the appointment of Joseph Portelli as its first chairman.
Currently Chairman at the Malta Stock Exchange, he brings more than 35-years’ experience of the financial services industry to the fintech company which is planning to launch its trading platform in the first half of this year.
CloseCross, which has offices in London and Malta, has developed and patented its own derivatives trading platform for customers to invest without the involvement of major banks issuing derivatives or having to take on leverage. It was recently awarded a MIFID II licence,
