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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
The soaring price of bitcoin is putting the world’s foremost cryptocurrency on a direct collision course with ESG-focused investments, as allocators increasingly want portfolios to be managed responsibly, says Robert Furdak, chief investment officer for ESG at Man Group.
The two major investment trends looming large over the hedge fund and asset management world – bitcoin’s stratospheric surge and investors’ rush towards responsible investing across all mandates – are now set for a “head-on clash”, Furdak said.
Hedge funds are continuing to profit from the ongoing surge in the cryptocurrency sector, as more managers pour money into digital assets’ record
Altana Wealth, the credit, currencies and special situations-focused hedge fund led by industry veteran and former Trafalgar Asset Managers co-founder Lee Robinson (pictured), is gearing up to launch a new strategy that will capitalise on the fast-growing SPAC sector.
FX HedgePool, a matching engine for mid-market execution of FX swaps, has completed its first match aligned with International Monetary Market (IMM) dates.
With this initial transaction, which involved BNP Paribas and Standard Chartered Bank as the credit providers to the buy-side counterparties, FX HedgePool is introducing discrete FX matching sessions based on each quarterly IMM date.
Most buy-side participants hedge their foreign currency exposures on their bond and equity positions either monthly or quarterly. FX HedgePool conducts an end-of-month roll that allows passive hedgers to provide liquidity directly to each other. By adding a quarterly cycle in line
The number of new hedge funds being launched has reached its highest level in three years, as managers look to capitalise on the nascent economic recovery, idiosyncratic and volatility-based opportunities, and a shifting macro environment.
New hedge fund launches increased to around 175 in the fourth quarter of 2020, with the number of new funds unveiled exceeding the estimated quarterly liquidations for the second successive quarter, new industry analysis by Hedge Fund Research shows.
The number of Q4 launches was up on the previous quarter’s total of 151, bringing the estimated number of new hedge funds launched in 2020 to
JonesTrading Institutional Services (JonesTrading) has appointed industry veterans Chris Macaluso and Jon Everett to its European and US outsourced trading teams, respectively.
The moves come after a year of tremendous growth for the firm, and will further augment JonesTrading’s award winning outsourced trading offering.
Macaluso’s hire continues the expansion of JonesTrading’s European outsourced trading business, which has seen significant growth following the hiring of Peter Sellers in 2019. Macaluso was recently Head of Equity Sales Trading at Handelsbanken Capital Markets. He also held buyside trading roles at Putman, Soros and Lucerne. Macaluso is based in JonesTrading’s outsourced trading headquarters in Charleston,
Cowen has launched a new algorithmic trading solution, the “Inaccessible Liquidity Adjustment,” to address fundamental shifts in the US market structure and help clients accurately navigate an ever-evolving investment landscape.
The mix in trading volumes driven by retail and institutional investors has caused a fundamental shift in US equity markets over the past two years. Cowen has found that individual stocks with higher rates of inaccessible liquidity, often driven by retail trading, tend to have higher execution costs, which can have measurable impacts on institutional investors. Cowen’s new algorithmic trading solution directly addresses the market dynamic related to increased volumes
Angelo, Gordon & Co, a USD43 billion alternative investment firm focused on credit and real estate investing, has added two senior executives to its structured credit team.
Nicholas Smith, former Head of Non-Agency Residential Mortgage Trading and Asset-Backed Securities Trading at Bank of America Securities, has joined the Firm as Managing Director to lead the Firm’s whole loan business and expand the team’s capability across multiple asset classes. Rodney Hutter, former Managing Director and Head of Originations in the Structured Lending Group at Waterfall Asset Management, has joined the Firm as Managing Director responsible for private credit origination. Based in
Umbria, a DeFi protocol that uses layer two technology developed by Polygon, has launched Umbria Farm.
Read the full story at Institutional Asset Manager…
