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Utopia Genesis Foundation, an organisation formed to support the development of an open platform for the music industry, has appointed Rick Heffernan as Head of Business Development.
Heffernan, with over 18 years of music industry experience, will join a diverse and passionate group of talented professionals working towards achieving transparency and creativity in a new framework.
“Our strategy will be aimed at cultivating awareness and onboarding new artists to gain widespread adoption. We’re on the frontier of what is effectively still a new category for the music industry and what will be an important tool moving forward,” says Heffernan, Head
Truss Edge, a technology and consulting business for hedge funds, ETFs and family offices, has added further enhancements to its technology services, including new charting, risk management and reconciliations features.
Truss Edge has implemented significant modernisation of its graphical presentation capabilities by replacing its original charting tools with new charting capabilities. These are designed to allow users to provide clearer views of complex and often significant amounts of data in a more digestible manner.
The modern charting features have been initially applied to the Truss Edge reporting utility and have replaced the previous charting features. At the same time, the
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2021 measured -0.33 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.87 per cent in February.
“SS&C GlobeOp’s Capital Movement Index rose 0.87 per cent for February 2021, reflecting positive net flows. On a comparative basis, the 0.87 per cent increase reported for February 2021 exceeded the 0.66 per cent gain reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Covid-19’s impact on markets first strongly evidenced itself approximately one
While closing 2020 up 30.93 per cent, Quantumrock’s flagship strategy Volatility Special Opportunities Program (VSOP) fell by 0.2 per cent in January.
Michael Zeller, CIO, says: “The market experienced a bumpy road in January. While the S&P500 rallied over 2 per cent in the first half of January, it tumbled -3.3 per cent during the last week of the month amid a short-squeeze on short-sellers and mixed technology earnings.
The distribution of VSOP’s returns shows significantly smaller negative tails than the S&P500. This tail behaviour can be fully attributed to the VSOP’s alpha strategies, which have resulted in less
2gether, a collaborative crypto-trading platform, has released new data showing crypto trading on the platform jumped 2.5 times in January 2021, totalling EUR37 million.
January’s numbers represent the highest trading volume in 2gether’s history.
Over the last four months, a series of events in the financial sector created an atmosphere ripe for cryptocurrency’s rapid ascent—to a point where the value of a single unit of bitcoin reached over USD$43,000. During this period, cryptocurrency owners were the beneficiaries of a hot market that gained momentum from uncertainty during the pandemic with traditional financial assets. Most recently, an endorsement from Elon Musk
New analysis by quantitative hedge fund Two Sigma Investments reveals how last month’s ‘Reddit raid’ by retail traders upended factor-based investment metrics, as the fallout from the GameStop saga continues to reverberate across the hedge fund industry.
Since launching last summer, BNP Paribas Asset Management’s Environmental Absolute Return Thematic (EARTH) hedge fund has generated a striking double-digit return, trading long and short positions in energy, materials, agriculture and industrial companies across both developed and emerging markets.
The ESG-focused strategy – which is managed jointly by Edward Lees and Ulrik Fugmann (pictured, above left with Lees), co-heads of BNPP AM’s Environmental Strategies Group in London – invests long in companies that are actively addressing environmental challenges, such as carbon emissions, waste production, and food, water and energy concerns. It then pairs them with short positions in unsustainable firms, or those
Falcon Investment Management a multi-manager hedge fund platform, has launched its first loss program to support early-stage hedge fund managers with seed and acceleration capital.
The program is designed to align interest between investors and managers. Through first loss structure, managers receive higher incentive fees in exchange for sharing potential losses with investors resulting a better alignment of interests. Participating fund managers in the program benefit in three ways.
• Supported by institutional grade operational and risk management framework
• Access to seed and acceleration capital
• Receive significantly higher than industry average performance fee
“As the first hedge fund platform in
Exchange technology specialist Exberry, Digital Asset, creator of the open source Daml shared ledger development framework, and Baymarkets, developer of the Clara clearing system, have teamed up to create an exchange infrastructure with central counterparty clearing functionality.
This partnership will enable new digital asset marketplaces to launch on a fully-compliant, end-to-end exchange platform encompassing registry, custody, trading, matching and clearing services.
In August 2020, Digital Asset and Exberry launched an end-to-end exchange infrastructure-as-a-service for modern markets, including digital assets. The updated end-to-end exchange architecture now features Clara, the multi-asset clearing system from Baymarkets, to execute clearing and calculate margin and
Is the convergence of liquid and illiquid alternatives really in the best interests of investors?
Is the convergence of liquid and illiquid alternatives really in the best interests of investors?