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The SS&C GlobeOp Forward Redemption Indicator for January 2021 measured 1.78 per cent, down from 3.95 per cent in December.
“SS&C GlobeOp’s Forward Redemption Indicator for January 2021 of 1.78 per cent reflects lower redemption notices than the 2.26 per cent reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This reduction in redemptions marks the seventh consecutive month of year-over-year improvement and is the lowest level of redemptions for any month of January since the inception of the Forward Redemption Indicator in 2008. Hedge fund asset retention has been generally strong since the COVID-19
The crypto derivatives market grew rapidly in 2020 with annual trading volume reaching USD12,31 trillion, an increase of 402 per cent from 2019. Huobi Futures noted that in 2020, a year ravaged by the Covid-19 pandemic, USD2.3 trillion was traded on the exchange. According to figures from TokenInsight, it is now the largest derivatives exchange by annual trading volume.
Fulcrum Asset Management has promoted Matthew Wright, Director of Sales and Marketing, to Partner.
Wright has been with the multi-asset boutique since June 2015 and has led the drive to expand the UK wholesale business and international distribution across Europe and Japan among other territories. Wright has 25 years’ experience in the industry including senior roles at Fidelity, UBS and Carmignac.
Wright says: “I am truly honoured and delighted to become a Partner at this pivotal point in Fulcrum’s development. Fulcrum is not a traditional retail asset manager with advertised distribution, rather a professional outsourced asset manager curating bespoke return
Fund administration provider Phoenix American has formed a new partnership with Pennsylvania-based life settlement company Lighthouse Life Capital.
Phoenix American will fulfil the back-office operational needs of Lighthouse Life with its industry-leading investor services platform featuring the state-of-the-art STAR-XMS shareholder management/transfer agent system. Lighthouse Life will benefit from Phoenix American’s combination of advanced technology, partner-oriented client service and long experience with the unique operational requirements of alternative investment funds.
Lighthouse Life Capital’s fixed income debt investments, Beacon Bonds, provide investors the ability to participate in the life settlement asset class. Lighthouse Life’s strategy is to source and purchase unwanted, unneeded
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.
