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iCapital Network is to acquire the assets of AI Insight, Inc, an alternative investment education and compliance platform offering financial advisors investment research, training, qualification, and compliance support for a broad range of alternative investments, including private capital, hedge funds, non-traded REITs and BDCs, and alternative mutual funds.
Read the full story at Wealth Adviser…
Phase 2 Partners (Phase 2), a new financials-focused long/short equity manager investing predominately in the US and Europe, has launched with nearly USD150 million in commitments from multiple investors, including a strategic partnership with leading institutional investors the Employees Retirement System of Texas (ERS) and PAAMCO Launchpad, a subsidiary of PAAMCO Prisma.
Phase 2, founded by industry veteran Justin Hughes, will target directional investments (long and short) in traditional financial sub-sectors as well as areas in FinTech. This will include traditional asset managers, global exchanges, retail brokers, alternative asset managers, payments, bank technology, financial information, and transaction hardware/software, among others.
Kraken, one of the largest cryptocurrency exchanges by euro trading volume, has more than doubled the number of trading pairs available to clients using both the British pound sterling (GBP) and the Australian dollar (AUD).
Fourteen cryptocurrencies can now be traded directly using thirteen new trading pairs each for GBP and AUD, on Kraken. The single-largest currency pair expansion in Kraken’s near-ten year history, the new pairs smooth the way for GBP and AUD customers to gain better exposure to some of the fastest growing segments of the cryptocurrency space.
“The cryptocurrency space isn’t just about Bitcoin, and it
The native ERC-20 token of TrueFi, a protocol for uncollateralised on-chain lending, has listed on the Binance cryptocurrency exchange just two months after its launch.
The exchange will add TRU to its Innovation Zone, a dedicated trading zone for new, innovative Decentralised Finance (DeFi) tokens.
The move comes as ether, the cryptocurrency of DeFi’s leading network, Ethereum, reaches new all-time highs and DeFi is expanding more rapidly than ever. Binance established Innovation Zone in September of last year for traders to buy and sell budding DeFi tokens to keep up with the growing demand. Joining these ranks, TRU represents the
Citi has launched a new suite of intelligent execution algorithms for global listed derivatives. These algorithms have been specifically engineered for the futures markets and are available across all major exchanges in the North America, Europe and Asia Pacific regions.
Komainu, an institutional grade digital asset custody services provider, has announced a framework service agreement with Derbyshire Constabulary on behalf of the National Police Chiefs’ Council Cybercrime Programme.
Founded by a team of Italian former investment bankers, London-based activist hedge fund Bluebell Capital Partners has gained impressive momentum over the past year with its focus on listed, predominantly European large-cap companies.
Brummer Multi-Strategy CEO Mikael Spångberg says the firm is in a “good position” to deliver continued positive performance, after the flagship strategy posted its second-best annual performance to date – but he underlined the importance of generating alpha in the face of unpredictable markets.
Total global hedge fund assets under management have mushroomed to a record USD3.6 trillion, thanks to defensive outperformance and opportunistic gains during 2020’s upheaval – though the biggest firms continue to take the lion’s share of investor capital as smaller names are squeezed.
Investors added around USD16 billion to hedge fund strategies during the second half of last year, after net asset inflows reached USD3 billion in the fourth quarter, new data published by Hedge Fund Research shows.
In a webinar this week, HFR president Kenneth Heinz hailed 2020 as “one of the most impressive years in the history of the industry,
IHS Markit is developing a USD credit spread adjustment for SOFR which utilises transaction data on commercial paper, certificates of deposit and corporate bonds issued by banking institutions.
Read the full story at Institutional Asset Manager…
