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Galaxy Plus, a platform for managers and investors providing an institutional level, “managed account like” experience in alternative assets, has added two new hedge fund managers. Read the full story at Wealth Adviser…
Fidelity Digital Assets has launched a new offering that enables clients on Fidelity’s institutional-grade digital assets custody platform to pledge bitcoin as collateral in a transaction. The new capability marks Fidelity’s entrance into the digital asset financing space, strengthening and broadening Fidelity Digital Assets’ existing custody offering, which remains integrated with a trade execution venue for customer liquidity needs. In conjunction with the launch of the collateral agent capability, BlockFi, a leading cryptocurrency lending platform and a CME Bitcoin Futures Block Liquidity Provider, will begin to offer its institutional customers the option to custody bitcoin pledged as collateral in their cash
CLSA, Asia’s leading capital markets and investment group, has deployed GigaSpaces In-Memory Computing Platform for algorithmic trade execution and for all client and exchange-facing management systems. GigaSpaces InsightEdge Smart Operational Data Store (ODS), a Digital Integration Hub (DIH), reduces algorithmic trading response time and manages 3-4 million transactions per day worth billions of US dollars that are executed in over 12 countries. Founded in 1986 and headquartered in Hong Kong, CLSA operates from 22 cities across Asia, Australia, the Americas and Europe, with access to major Stock Exchanges and the bulk of alternative liquidity venues, providing truly global execution services to
The Chartered Alternative Investment Analyst (CAIA) Association, the professional body for the global alternative investment industry, has announced that more candidates passed its most recent Level II examination than at any other point in its history, and it has welcomed its largest new class of Charterholders ever. The organisation announced in July that in response to the still ongoing global pandemic it would augment its exam offering by making online proctoring of its September 2020 exams available to all interested Candidates and worked quickly to implement the systems and safeguards needed to make this effort a success.
“I could not be
When bitcoin hit an all-time high of some USD20,000 earlier this month, it rounded off a remarkable year for the world’s leading cryptocurrency – and fully underlined the arrival of the once-niche asset class on a rapidly-growing number of hedge fund firms’ radars.
BarclayHedge: Best Index Provider – Savvy investors are considering non-bond alternative investments to provide portfolios with an element of diversification and offer protection during major market sell-offs. As they look to substitute parts of their fixed income holdings with hedge fund and managed futures, the demand for data on these assets has been on the rise. The volume and accuracy of these information requirements have also been evolving. This progress has buoyed firms like BarclayHedge, a division of Backstop Solutions Group, whose purpose is to help clients solve data and information-related problems.
NAV Fund Administration Group: Best Administrator – Middle-Office Services – Over the coming year, the hedge fund industry can expect further development in the area of technology, and in particular advancements including accelerated report delivery cycles, more efficient transaction processing, and enhanced data security.
These advancements can help managers meet the challenges posed by the need for greater data security, the increased costs of fund administration, and expanding rules and regulations. “We view our clients as partners, so we strive to provide them with one-stop solutions that offer the most comprehensive, inclusive suite of services at a highly competitive cost,” outlines Ambuj
Peaks Strategies: Best PR & Communications Firm – In light of increasing market volatility and market dislocations, there continues to be a need and demand for more niche managers to find overlooked investment opportunities.
“Newer clients include those that are bringing niche investment strategies to the fold as investors continue to look for non-correlation and true sources of alpha,” comments Armel Leslie, Partner at Peaks Strategies, “We believe that the bulk of assets are no longer exclusively chasing the larger managers, and are by extension avoiding crowded trades.”
The firm is also seeing flow from fintech firms: “Clients include innovative data
Sadis & Goldberg: Best Law Firm – The marketplace is in demand of Alpha and Beta. In view of this, the industry can expect to see strong growth with the launch of open-end funds and growth of assets under management due to the market’s recent ongoing volatility since March 2020.
With some exceptions, law firm Sadis & Goldberg has seen a shift from alternatives to more traditional assets classes such as global macro, credit and long short equity. “There are always exceptions as we continue to launch closed end funds focused on investment in real estate, insurance dedicated funds, life settlement,
Horseshoe Fund Services: Best Offshore Administrator – Hedge fund managers are seeking fresh ideas to achieve position returns. This need has driven significant growth in private lending/specialty financing, including real estate loans, peer-to-peer lending and merchant cash advances.
“While borrow/interest rates in general remain very low, there is increased scrutiny on lending to individuals and small businesses, particularly those that are seeing especially volatile cash flows due to the current economic and social environments,” comments Michael Gentile, Senior Vice President, Head of US Operations, Horseshoe, “Hedge funds, often holding a surplus of cash on hand, can help fill this void and
