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Foreign exchange specialist Ballinger & Co (Ballinger) has entered into a partnership with global financial brokerage ED&F Man Capital Markets Ltd (MCML).The collaboration combines Ballinger’s deliverable Foreign Exchange offering for corporate and institutional clients with MCML’s capital markets expertise, tier-one settlement capabilities and global footprint.
As part of the relationship, MCML will provide spot and forward FX liquidity to Ballinger, enhancing their capacity to offer flexible terms to clients via a credit facility. In total, Ballinger has secured GBP10 million of new funding and facilities from ED&F Man Capital Markets and other undisclosed investors.
The announcement of the
A successful and long-established insurance recovery practice, led by policyholder advocate Robin Cohen, is launching its own law firm. Read the full story at Private Equity Wire…
Tickeron, an artificial and human intelligence platform delivering unparalleled trading insights and analysis, has launched the Tickeron Time Machine (TMM) for AI Screener. The screener is a unique back-testing tool. It uses previously successful market settings to predict the conditions that led to present trends.Existing screeners allow users to compile setups and filters for today’s market conditions only. There are no available screeners which can compile filters for a given point in the past. The problem with such creation of filters for the past is the inability to maintain the database with pre-calculated market conditions for the last several years.
Schultze Asset Management, an investment firm specialising in financially troubled and distressed companies, has hired Angela Lui as the Managing Director and Head of Business Development. In this role, Lui, a hedge fund veteran, will work to create new business opportunities and oversee strategic initiatives to expand the firm’s client base.
“We are delighted to have someone of Angela Lui’s caliber to head up our business development efforts,” says George Schultze, Founder of Schultze Asset Management. “Her experience in the hedge fund space, strategy and distribution will be invaluable as we assess opportunities among distressed companies and follow through on
IQ-EQ has completed the acquisition of Constellation Advisers, an industry leading US co-sourced and outsourced investment management services provider, following receipt of all necessary regulatory approvals.
Joram Siegel has joined Cowen’s Outsourced Trading division as Managing Director, Head of Fixed Income Outsourced Trading. Siegel will be based in New York and report to Michael Rosen and Jack Seibald, Global Co-Heads of Prime Brokerage and Outsourced Trading.
Sudrania Fund Services Corp (Sudrania), a cloud-computing enabled fund administrator, has acquired the primary assets of Triple Leo Consulting (TLC), a Philadelphia-based fund administrator that specialised in crypto and digital assets fund administration. Terms of the deal have not been disclosed.
TLC founder Mike Quinn joins Sudrania in an advisory role and TLC’s entire staff has joined Sudrania’s growing team. This acquisition makes Sudrania a global market leader in digital assets fund administration with over 150 clients dedicated to crypto assets.
Sudrania’s clients in the crypto and digital assets space utilize Seamless Crypto, a full-scale cloud-based, fund administration platform designed specifically
Refinitiv is to launch the Refinitiv Term SONIA benchmark on 11 January, 2021. This follows the previous announcement in July 2020 that Refinitiv would launch the prototype version of the same rate.
Read the full story at Institutional Asset Manager…
Reef Finance is integrating with the Avalanche blockchain (AVAX), enabling users to access decentralised finance (DeFi) applications in the Avalanche ecosystem directly through Reef’s platform. The project is planning to roll out initial features on Avalanche in early Q1 2021. Read the full story at Institutional Asset Manager…
Business disruption, cybersecurity challenges and greater compliance burdens have long been acknowledged as being among the foremost operational challenges facing the hedge fund, private equity and investment management industries.
