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In a consistent effort to improve its value proposition to investment managers and service providers, the Bahamas has continued to fine-tune its legislative framework, pandemic notwithstanding. The changes expected will support the growing trends witnessed within the financial services industry, both in the Bahamas and on a more global scale.
The strong market moves sparked off by the recent coronavirus vaccine breakthrough brought gains and losses across the hedge fund spectrum over the past week, as investors fled momentum-based stocks and piled into value-based companies.
Three former Highland Capital Management partners have launched Sycamore Tree Capital Partners, a new alpha-focused private and alternative credit investment manager which aims to tap into value-oriented opportunities arising from credit market upheaval.
The Dallas-headquartered firm is co-founded by alt-credit veterans Mark Okada, who will serve as CEO; Jack Yang, the firm’s president and head of business development; and chief investment officer Trey Parker.
Sycamore Tree, which also has an office in New York, will initially focus on traded credit, structured products and special situations, drawing on the trio’s “deep experience across multiple cycles”.
The trio said credit has become
HS Markit has launched a Sovereign ESG Dataset incorporating 41 discrete indicators across 211 countries and territories. The dataset outputs are numerical for efficient portfolio integration and include forward guidance on a one-year horizon for key Sovereign ESG indicators.Read the full story at Institutional Asset Manager…
Angel Oak Capital Advisors (Angel Oak), an investment management firm specialising in value-driven structured credit, has appointed Abhi Kane as managing director and alternative investment strategist. Kane’s primary focus will be supporting Angel Oak’s portfolio managers and expanding the firm’s alternative investment strategies, both public and private, to a broader range of investors.
Working from the New York City office, Kane will service family offices, wealth management platforms and other institutional investors to ensure they have the optimal solutions for their alternative investment needs. As a specialist in alternative investments, Kane brings a wealth of experience and knowledge critical to helping
The European Energy Exchange (EEX) will expand its product range on the derivatives market with new Futures Style Margin Options for EEX power, gas and emissions futures.EEX has been successfully offering Equity Style Margin Options for several of its products for many years and will now add Futures Style Margin Options to its product portfolio. On 7 December 2020, EEX will introduce the new options on the emissions market and support the offering with a fee holiday. The options on power and natural gas futures will be available as of 15 February 2021. All Future Style Margin Options will be
Takekai International, a professional asset management firm that offers comprehensive investment management capabilities that span across all main segments of the global capital markets, has appointed Pavel Hajek Managing Director for the newly enhanced Alternative Investments department. Takekai International, a company dedicated to outperforming its competitors through client satisfaction and innovative market approach, has recently enhanced the Alternative Investment team, adding personnel and widening the departments hierarchic structure, creating a top-to-bottom division of experts in the field of alternative investments such as private equity, hedge funds, commodities and tangible assets, among others.
The alternative Investment Division currently overarches a 23 staff-member
Insurance-linked securities manager Securis Investment Partners has implemented Indus Valley Partners’ pricing automation solution, IVP Price Master.IVP Price Master is designed to help firms take the complexity out of their pricing process through its key features such as automation, flexible reporting, exception management and extensive connectivity.
“In our ongoing effort to automate key operational processes, Price Master will contribute to improved efficiency within our valuation and fund accounting function. It consolidates the process of collecting market prices from multiple sources, a process that can be quite work-intensive and onerous,” says James Dawson, Operations Manager for Securis.
“The continued adoption
GH Financials (GHF) has selected Eventus Systems to meet its trade surveillance needs worldwide. The London-based exchange-traded derivatives clearing firm will deploy the cloud-based version of the Eventus Validus platform beginning in early 2021.The decision comes following an extensive, nearly year-long review of solutions on the market. Validus will replace two existing outsourced solutions currently employed by GHF. The clearing firm will use Validus not only for trade surveillance of all of its futures and options activity on markets globally, but also for compliance with “RTS 6” real-time algorithmic monitoring requirements under the European Union’s MiFID II regulatory framework. GHF
Launched earlier this year, New York-based Ironhold Capital’s equity-focused hedge fund is seeking to capitalise on opportunities in value-oriented stocks across the US and India.
