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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
Pictet Asset Management, the investment management arm of the Geneva-headquartered wealth management giant Pictet Group, is opening a Shanghai office under China’s wholly foreign-owned enterprise (WFOE) rules, allowing it to further capitalise on growing investor demand there.
Pictet AM has registered its Shanghai WFOE with the Asset Management Association of China (AMAC), enabling the firm to raise funds from domestic mainland investors to invest in its offshore strategies under the Qualified Domestic Limited Partners (QDLP) programme.
The move – which follows WFOE launches by several high-profile hedge fund firms in recent years – builds on Pictet AM’s existing China strategy.
Aikya Investment Management (Aikya), a specialist emerging markets investment firm based in London, has launched the Aikya Global Emerging Markets UCITS Fund.
The UCITS ICAV pooled fund (the Fund) will provide investors with exposure to large and mid-capitalisation equities in emerging economies, aiming to achieve a total return in excess of the MSCI Emerging Markets Index (USD).
Aikya portfolio manager, Ashish Swarup, believes that the long-term investment case for emerging markets remains compelling. However, it is not without risks, and therefore requires a proven investment philosophy that can navigate various market conditions. “As a team we have been investing in
Substantive Research, a research discovery and research spend analytics provider for the buy-side, has launched its Analyst Mapping service, allowing asset managers to gain an aggregated view of banks’ analyst moves, their seniority and sector coverage of relevance to them.
Read the full story at Institutional Asset Manager…
Enfusion, a global cloud-native software-as-a-service (SaaS) has signed a record number of new fund manager clients so far in 2020, and onboarded new hires to support the increasing demand from institutional asset managers and hedge funds.Read the full story at Intsitutional Asset Manager
The SS&C GlobeOp Forward Redemption Indicator for November 2020 measured 3.63 per cent, up from 2.84 per cent in October.“SS&C GlobeOp’s Forward Redemption Indicator of 3.63 per cent for November 2020 represents a decrease in redemption notices from the 4.81 per cent reported for November of 2019,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This strong result also marks the fifth consecutive month of lower year-over-year comparisons for redemptions, as well as the lowest for any month of November since 2011.
“The favourable trend in hedge fund asset retention that emerged following the Covid-19 outbreak appears to
