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Falcon Investment Management a multi-manager hedge fund platform, has launched its first loss program to support early-stage hedge fund managers with seed and acceleration capital.
The program is designed to align interest between investors and managers. Through first loss structure, managers receive higher incentive fees in exchange for sharing potential losses with investors resulting a better alignment of interests. Participating fund managers in the program benefit in three ways.
• Supported by institutional grade operational and risk management framework
• Access to seed and acceleration capital
• Receive significantly higher than industry average performance fee
“As the first hedge fund platform in
Exchange technology specialist Exberry, Digital Asset, creator of the open source Daml shared ledger development framework, and Baymarkets, developer of the Clara clearing system, have teamed up to create an exchange infrastructure with central counterparty clearing functionality.
This partnership will enable new digital asset marketplaces to launch on a fully-compliant, end-to-end exchange platform encompassing registry, custody, trading, matching and clearing services.
In August 2020, Digital Asset and Exberry launched an end-to-end exchange infrastructure-as-a-service for modern markets, including digital assets. The updated end-to-end exchange architecture now features Clara, the multi-asset clearing system from Baymarkets, to execute clearing and calculate margin and
Digital asset investment firm Techemy Capital has launched its Holistic ETH-BTC Portfolio in partnership with on-chain asset management company Enzyme Finance (formerly Melon Protocol).
Powered by digital asset data infrastructure company Brave New Coin, the Holistic ETH-BTC Portfolio is an actively traded portfolio that provides exposure to bitcoin and ether price action using Techemy Capital’s long and short trading strategies, designed by its in-house trading team. The portfolio quantifies bullish or bearish conditions to add or subtract from each investor’s starting position, based on an assessment of on-chain activity, token age spent, and technical analysis. The Holistic ETH-BTC Portfolio executes
Ogier has promoted investment funds specialists Emma Sutherland and Tim Cone to partner.
Sutherland, who joined Ogier in 2017, specialises in the structuring, formation and ongoing operation and regulation of Cayman Islands hedge and private equity structures. She has extensive experience advising asset managers, major financial institutions, investors and their onshore counsel on the establishment, ongoing maintenance and restructuring of investment fund structures.
In addition to her specialism in hedge funds, Sutherland also regularly advises clients on a broad range of corporate and commercial matters including restructurings, mergers and listings on the Cayman Islands Stock Exchange. SHe was named as
Emerging Asset Management Ltd (EAM), a provider of turnkey solutions for alternative fund launches, has reached the milestone of USD1 billion in assets under management (AUM).
EAM provides the services required to support managers investing alternative asset classes so that they can focus their time and resources on their trading strategies and build a successful record of accomplishment.
EAM’s clients include new and established, small to medium sized fund managers looking to start an alternative investment fund (including hedge funds, private equity, property, commodities funds) and/or launch new funds. EAM serves both onshore US and offshore jurisdictions, guiding clients
Bitfinex Derivatives has launched perpetual contracts for litecoin/bitcoin and polkadot/bitcoin, offering usersup to 100x leverage. Both will be settled in bitcoin (BTC).
“We’re pleased to add to our growing list of perpetual contracts available to trade on the exchange,” says Paolo Ardoino, CTO at Bitfinex Derivatives. “We anticipate great interest from funds and professional investors in the new Litecoin/bitcoin and Polkadot/bitcoin perpetual contracts.”
Bitfinex Derivatives platform and products are only available in eligible jurisdictions, and are exclusive to verified users.
Avelacom, a low latency connectivity, IT infrastructure and data solutions provider for global financial markets, has deployed a new point-of-presence (PoP) in San Jose, California.
The new PoP is located in Equinix SV1, San Jose data centre and Avelacom has also set up AWS Direct Connect aimed at providing direct access to AWS-based crypto trading platforms, pricing feeds and other critical trading applications via private network rather than over public internet. Crypto market participants will gain enhanced speeds (improvements up to 20-30ms round-trip latency) and guaranteed resiliency for infrastructure and data.
With this new point-of-presence Avelacom has created a
The “private debt” bucket within the fund industry has seen tremendous growth, opportunity, and evolution over the last few years, with no signs of slowing down. The definition and composition of the private debt space has expanded in both breadth and depth, which has led to exciting operational considerations.
Private debt is used as a broad term for all non-listed debt and credit portfolios. “It is a resilient asset class due to its diverse make-up and ability to remain relevant and attractive to investors during all market cycles,” says Jorge Hendrickson, Chief Revenue Officer at Opus Fund Services.
For context,
The complexity of how private debt funds are structured and managed is increasing. Cost and expenses related to private debt funds are also becoming more intricate. Newly launches, in particular, need to identify where to keep their expenses low and use their budget in ways to help maximise their output.
“As managers move into new asset classes, they need an accounting system to handle them. In cases where the client is still building their fund, they may need to hire additional staff to manage multiple accounting solutions, which comes at a cost,” highlights Aani Nerlekar (pictured), Director, Solutions Consulting at
Is the convergence of liquid and illiquid alternatives really in the best interests of investors?
Is the convergence of liquid and illiquid alternatives really in the best interests of investors?