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Telos, a fully decentralised public blockchain network with more than 500,000 accounts, is to bring liquidity and added value to the TLOS ecosystem via the Telos Uniswap Liquidity Implementation Plan (TULIP). Bridging the gap between the Telos and Ethereum communities while doubling down on its DeFi capabilities, Telos will issue an ERC-20 TLOS token available for presale in early January with the exact date to be announced on the Telos website 48 hours before the sale commences. This will generate funds for Telos to list on Uniswap with a strong, low-slippage pool of TLOS (ERC-20) and ETH. Remaining funds will support
Founded in 2005, EJF Capital focuses on investment opportunities in financial services, targeting all levels of the capital structure on both a long-only and long/short basis. Specifically, the firm’s strategy seeks out ideas stemming from regulatory and structural changes impacting the banking sector, insurance companies and specialty finance.
Headquartered just outside of Washington DC, the firm was founded by Manny Friedman and Neal Wilson in 2005. In 2013, it established a European base in London, led by Hammad Khan (pictured, above left) and Peter Stage (pictured, above right), EJF’s senior managing directors in Europe. Lucas Netter, a director also focused
Trend-following hedge funds and managed futures strategies enjoyed a storming finish to what was ultimately a turbulent and unpredictable year for the sector, with Société Générale’s CTA indices ending 2020 in positive territory following strong December performances.
SocGen’s main SG CTA Index notched up its best monthly return in more than five years, advancing 5.54 per cent in December. The gain put the index – a daily snapshot of a select pool of 20 of the largest managed futures strategies – up 3.12 per cent annually for 2020.
All 20 of the CTA Index constituents recorded positive performance, with trend-following
Aon and eVestment have formed a strategic partnership to provide operational due diligence (ODD) research through the eVestment platform, recognising the need for more transparency and standardisation of ODD information.Read the full story at Institutional Asset Manager…
Bequant, a global digital assets services firm, has been granted in-principle approvals by the Malta Financial Services Authority (MFSA) to operate both a prime brokerage and exchange.Read the full story at Institutional Asset Manager…
Nisbah Capital, the blockchain subsidiary of Saudi Arabia-based Taibah Valley, will join the Tezos ecosystem as a ‘corporate baker’, the first in the Middle East region. It has also added the Tezos blockchain to its blockchain lab projects as part of an initiative to create the biggest blockchain community in the MENA region to support commercialised applications, counselling, mentoring and researching in the areas related to blockchain and cryptocurrency.
In addition, through its subsidiary, Nisbah Capital, Taibah Valley has also become the first corporate entity in the Kingdom to participate in the Tezos ecosystem as a corporate baker, meaning that it
Options Technology, a provider of IT infrastructure to global capital markets firms backed by Abry Partners, is ti acquire Fixnetix, a DXC Technology Company. Financial terms of the transactions, which is expected to close during the first half of this calendar year, have not been disclosed.
Fixnetix provides outsourced front-office trading services to investment banks, hedge funds, proprietary trading firms and exchanges worldwide and is part of DXC’s global banking and capital markets business, which delivers strategic, mission-critical IT solutions for its customers.
“We are excited to partner with Fixnetix and continue bringing to market exceptional quality of service and leading technology solutions,” says
North Reef Capital Management, a long/short equity fund adviser, has selected SS&C Technologies’ (SS&C) front-to-back office solution to run its operations.
Hedge funds have made gains from bets against AstraZeneca and GlaxoSmithKline in recent weeks – but bearish managers lost more than USD600 million on FTSE 100 shorts at the end of the year, with short sellers facing continuing “unpredictable swings” in 2021.
Short positions in AstraZeneca – whose Covid-19 vaccine developed alongside Oxford University began rolling out in the UK this week – brought in almost GBP13 million for bearish hedge funds during December as the drug giant’s share price tumbled last month.
New data from Ortex Analytics also shows negative positions in GlaxoSmithKline generated more than GBP4.5 million for hedge funds
By Leanne Golding and Kevin Huys (pictured) – 2020 was a year unlike any in recent memory. We experienced ongoing disruptions to daily life due to the Covid-19 pandemic, ongoing tension surrounding the US election and a number of severe weather events. In the Cayman Islands, 2020 was also a very eventful year for regulatory and legal changes in the alternative investment industry. For those of you who were understandably distracted by other things, here’s a recap of the most significant changes affecting alternative investment funds which occurred over the past year.
