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RioDeFi, an ecosystem of financial products bridging traditional and decentralised finance (DeFi), has launched its DeFi incubation hub following three successful pilot projects that will bring greater blockchain interoperability and strength to the DeFi ecosystem in Asia.
Read the full story at Institutional Asset Manager…
Flows into digital asset investments remained positive last week at USD21 million but were the lowest since October 2020, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Coupled with lower investment volumes does imply that investor appetite for digital assets has waned in the recent weeks as volatility remains high and the price trades sideways.
Bitcoin received the largest inflows, but ether on a market capitalisation basis (as has been seen in previous weeks) remains more popular with inflows of USD5 million.
Volumes in digital asset investment products averaged USD788 million per day, compared to the
Sanne, a global provider of alternative asset and corporate administration services has become the first successful applicant to secure a much-anticipated specialised depositary licence from the Central Bank of Ireland. Obtaining this licence further enhances Sanne’s capabilities in Ireland and its multi-jurisdictional proposition for alternative fund managers.
Sanne Depositary Services Ireland Ltd is now licensed to provide depositary services to collective investment schemes that require a streamlined, independent specialised depositary to comply with all AIFMD obligations. The new licence expands Sanne’s already well-established product offering to cater for Irish domiciled closed-ended funds.
Dermot Mockler, Director, Alternative Assets at Sanne, says:
Credit Suisse and Nomura are facing “significant” losses after a US hedge fund client – said to be Archegos Capital Management – failed to meet margin calls on certain portfolio positions.
Macrobond Financial, a provider of economic and financial data and analytics, has named Ian Hissey Regional Managing Director for Asia Pacific.
Read the full story at Institutional Asset Manager…
Muzinich & Co has appointed Jonathan Kravitz as Director, Marketing & Client Services, covering Israel.
Kravitz joins from PIMCO where he managed relationships with investors across family capital, financial advisors and institutions.
“I’m looking forward to expanding Muzinich’s efforts into Israel by partnering with clients to provide customised credit solutions in public and private markets,” says Kravitz.
Tom Douie, Global Head of Distribution, adds: “While the Israeli market is not new for us, having a dedicated resource with local knowledge, language skills and a deep understanding of client need enhances our ability to provide solutions to a broader
Voya Prime Rate Trust has selected Saba Capital Management, LP (Saba) to serve as the new investment adviser to the Fund.
The Fund’s current investment adviser, Voya Investments (VIL), and the Fund’s current sub-adviser, Voya Investment Management Co (Voya IM), both previously announced their respective resignations, effective as of 22 June, 2021. VIL and Voya IM are committed to ensuring a smooth transition to Saba and serving the Fund, its Board and its shareholders during the Adviser Transition.
Saba is considered a pioneer in hedge fund credit investing and is known for its ability to navigate turbulent markets.
Saba manages
Dark Forest Capital Management, a systematic hedge fund, is to use the LeverData platform to centralise the onboarding and daily ingestion of data to facilitate the firm’s investment process.
While many quantitative and fundamental hedge funds wrestle with the process of consuming massive amounts of data on a daily basis, Dark Forest chose to partner with LeverData to manage this process.
“The process of bringing in data from multiple disparate sources on a regular basis is not easy,” says to Michael DeAddio, Chief Operating Officer at Dark Forest. “If data doesn’t arrive on-time and error-free, trading and other risk management
JMP Group, an investment banking and alternative asset management firm, has additionally appointed Mark Lehmann, chief executive officer of JMP Securities, the company’s primary operating subsidiary, as president of JMP Group.
Lehmann continues to serve as a member of the company’s board of directors and its executive committee.
“I’ve known Mark for nearly 30 years and have worked alongside him at JMP for more than 17,” says Joe Jolson, chairman and chief executive officer of JMP Group. “During that time, he has been a tireless leader, creating unique relationships across our firm and with many of our most important corporate
StoneX Financial, a subsidiary of StoneX Group, has been named as one of the top three Rubber and Electricity General Clearing Members (GCM) at the 2020 SGX Commodities Awards.
The SGX Commodities awards are designed to honour the GCMs, inter-dealer brokers, and traders who have attained the highest cleared and traded volume achievements in 2020.
StoneX became one of the select group of non-bank clearing and trading members of SGX after acquiring the Singapore based Futures and Options brokerage and clearing business of UOB Bullion and Futures Ltd in the fall of 2019. The Company has since been specifically
