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Copper has become the first institutional custodian to support off-exchange settlement at Physically delivered cryptocurrency futures exchange CoinFlex.
Read the full story at Institutional Asset Manager…
YRD Capital, the world’s first fund of funds (FoF) to focus on quantitative trading in crypto assets, has now accumulated three years of live track record.
This is longer than any of its peers, with an astonishing result of over 20 per cent net return to its investors over each year, even during the unprecedented Covid-19 crisis.
The milestone comes as the crypto industry continues to boom, with major events such as Bitcoin crossing the USDF17,000 valuation mark for the first time in three years, and major players such as Fidelity and PayPal adopting crypto assets.
YRD Capital
Three months of hedge fund inflows came to an abrupt halt at the end of the third quarter, as investors withdrew USD2.8 billion in September amid a surge in coronavirus cases and fears of renewed economic disruption, new data from BarclayHedge shows.
Despite September’s outflows – which represent 0.1 per cent of industry assets – as well as a trading loss of USD15.6 billion, global hedge fund assets grew to USD3.38 trillion at the end of September, up from USD3.36 trillion the previous month.
BarclayHedge’s data analysis of some 6,900 funds showed sector-specific hedge funds led the way, drawing USD2.3 billion
Private credit managers are on track to provide some USD100 billion of real economy financing this year, as investors increasingly turned to the sector as a resilient portfolio hedge and diversifier amid equity market ruptures during 2020’s coronavirus pandemic.
New research published by the Alternative Credit Council suggests the private credit market has weathered the economic shock brought about by Covid-19, with fund managers now increasingly bullish about the sector’s prospects next year.
The sixth annual ‘Financing the Economy’ report – published jointly by the ACC, the private credit affiliate of the Alternative Investment Management Association, and Allen & Overy
Cyprus-regulated cryptocurrency hedge fund ARK36 has partnered with the global virtual currency platform Coinify, which will provide institutional trading services for ARK36, ensuring best execution of orders across multiple trading venues.
ARK36 launched in October 2020 as an actively managed investment fund, focused on the cryptocurrency markets, delivering a risk-adjusted exposure to crypto-assets for professional investors. The fund is regulated as an Alternative Investment Fund with Limited Number of Persons (AIFLNP) authorised by the Cyprus Securities and Exchange Commission (CySEC). ARK36 has been ideally placed to capitalise on the latest surge in the value of Bitcoin and other cryptocurrencies, seen
Nickel Digital Asset Management has appointed Fiona King, as Managing Director, Institutional Sales, and James Drace-Francis, as Senior Advisor.
King and Drace-Francis, working full-time from Nickel’s London office, will be responsible for the development of the firm’s franchise and distribution of investment strategies to institutional asset allocators worldwide.
King and Drace-Francis bring a total of almost 50 years’ of financial services experience. King held senior positions at Lumyna Investments and Bank of America marketing their UCITS platform and prior to this was Head of Global Sales for UCITS at Rothschild Asset Management. Before this she was at Thames River Capital
Decentralised finance (DeFi) platform UniLend recently conducted a successful fundraiser, with Blockpass providing the requisite KYC and AML provision in order to meet regulatory compliance.
By handling the compliance measures, the UniLend team were able to focus their efforts on the actual fundraising process.
UniLend is a permissionless decentralised protocol that combines spot trading services and money markets with lending and services through smart contracts. The integrated smart contract for both features of the protocol allows both trading & DeFi capabilities to co-exist within the same protocol, solving the liquidity and liquidation issue which has been limiting the growth of
Brave New Coin, a data analytics and research company backed by Techemy Ltd, has joined forces with Sequoia-backed cross-chain data oracle platform Band Protocol to bring decentralised price reference data to the rapidly growing smart contract application ecosystem.
Band Protocol and Brave New Coin will work together to bring the globally weighted average spot prices for up to 1500-plus digital assets through the BandChain decentralised oracle network. This will allow smart contract developers to readily integrate and utilise these spot price oracles on any blockchain platform. Band Protocol has already been integrated by leading smart contract platforms including Ethereum, Binance
Bloomberg has launched a new tool to help calculate the full cost of foreign exchange trades on FXGO, its electronic trading platform on the Bloomberg Terminal.
Pictet Asset Management, a leading independent asset manager, is one of the first Bloomberg clients to use the tool.
Accuracy in pricing is a key goal for participants in the over-the-counter FX market that transacts more than USD6 trillion daily around the world. Regulations often require asset managers, pension funds and hedge funds to show they are providing the best execution for their investors.
Buy-side firms also want detail so they know the total
Talos, a technology provider for the institutional trading of digital assets, has integrated order flow from six OTC liquidity providers into its end-to-end trading platform – Alameda Research, B2C2, Cumberland, Galaxy Digital, Genesis, and Hehmeyer.
With the addition of these liquidity partners to the Talos platform, which already includes connectivity to top cryptocurrency exchanges, institutional investment firms and broker-dealers can seamlessly and simultaneously access the vast majority of digital asset liquidity.
“OTC liquidity providers play a crucial role in the digital assets trading landscape and account for a large portion of the global institutional traded volume,” says Anton Katz, co-founder
