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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.
Stockholm-based multi-strategy hedge fund firm Brummer & Partners’ flagship vehicle gathered further pace towards the end of the year, as strong performances in its stock-picking and trend-following funds during December powered the long-running manager into double-digit territory for the year.
Cboe Global Markets has completed its acquisition of BIDS Trading, a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS), the largest block-trading ATS by volume in the US.Through ownership of BIDS Trading, Cboe gains a competitive foothold in the off-exchange segment of the US equities market, which now accounts for more than 40 per cent of overall US equities trading volume. The acquisition of BIDS Trading also provides Cboe with the opportunity to expand its global footprint and diversify its product and service offerings in markets beyond U.S. equities and options.
The acquisition follows Cboe and
Top hedge fund industry trends for 2021
Top hedge fund industry trends for 2021