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Gracie Asset Management (Gracie), a long/short credit manager founded in 2004, has promoted Kyle Fitzgerald to the role of Portfolio Manager for the firm’s credit funds, effective 15 January, 2020.
Fitzgerald will help oversee the fund’s investment activities with emphasis on the energy, basic material, and industrial sectors and will report to Chief Investment Officer James Palmisciano. He will also join the firm’s Investment Committee.
Fitzgerald joined Gracie in 2008 as an analyst and holds a master’s degree in accounting with honours from the McCombs Business School at the University of Texas. He previously served as an analyst on the
CMC Markets, a global provider of online trading and institutional (B2B) technology solutions, has selected Amazon Web Services (AWS) to help deliver the next phase of its digital transformation through accelerated delivery of new products and services.
The adoption of AWS will provide the agility, security, and resiliency for CMC Markets to deliver on its ambitious product development pipeline.
Instead of focusing on the undifferentiated heavy lifting of managing servers, by using AWS CMC Markets has freed up valuable development hours, taking our delivery time from six months to six weeks in turn allowing clients to benefit from the faster
The European Energy Exchange (EEX) has set a new record in Japan Power Futures by registering a volume of over 1 TWh in a single month for the first time since entering the market in May 2020.
Since the beginning of the year, Japan has experienced strong movement in its power markets. Historic price fluctuations on the JEPX Day-Ahead Spot market has resulted in a major upswing in long term hedging with all periods (weekly, monthly, quarterly and seasons) being actively traded on EEX.
Steffen Koehler, EEX, Chief Operating Officer, says: “As Japan faces unprecedented volatility in its power markets,
Alternative data specialist Eagle Alpha, has added AI-driven financial information technology provider Causality Link’s data to its library of alternative data supplied to asset managers, private equity professionals and corporate enterprises.
Causality Link will make available its data from Research Assistant, the firm’s AI-powered platform that processes and analyses more than 90 million texts globally in real time to identify explicit cause-and-effect statements. Reading texts in 24 languages, Research Assistant aggregates the knowledge of thousands of authors into a single deductive system, allowing portfolio managers, analysts and corporates to understand the KPIs, events, trends and causal links that reveal the
Fewer than four-in-ten (37 per cent) of data scientists in financial services firms currently use AI, machine learning and other advanced technologies in their key analysis and investment processes and workflows, according to new research executed in the UK, US and Asia, for Alveo a solutions provider of managed data services for data mastering and analytics.
Conducted among banks, investment companies, insurance firms and hedge funds, the research reveals how the slow adoption of AI and other cutting-edge automation technology is seriously hindering quants and data analysts in their most valuable work.
Two-thirds (66 per cent) of respondents say quants
The ways in which Amazon’s business model could be employed by financial services and fintech firms to influence, disrupt and reshape the asset management industry are explored in a deep-dive new study by SEI.
Last year was full of ups and downs, but there were plenty of lessons to be learned for traders. Despite this, how to survive, how to thrive, how to remain competitive and the importance in what to look for when selecting a broker remain a priority, writes Mario Sanchez (pictured), Managing Director and Global Head of FXCM Pro Sales.
A novel cryptocurrency fund run by digital assets-focused investment manager Wave Financial, which uses a call options strategy to trade on bitcoin’s volatility, has scored a near-146 per cent return in its first year of trading.
The Wave BTC Income & Growth Digital Fund, a pioneering cryptocurrency derivatives-based strategy, aims to capitalise on bitcoin’s high volatility using a covered call approach to generate returns, while also capturing the potential upside of the currency.
The fund – whose investor base comprises a mix of institutions, family offices and high-net worth individuals with experience in both digital assets and traditional financial market –
REDD Intelligence (REDD), a fixed-income intelligence and analytics platform focused exclusively on the emerging markets, will now provide subscribers with a news and analysis service covering green and sustainable bonds issued by emerging market borrowers.
Read the full story at Institutional Asset Manager…
Kempen Capital Management (Kempen) has made two new appointments to its Sustainable Equity strategy team.
Read the full story at Institutional Asset Manager…
