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Harmonate has appointed Kevin Walkup as CEO, as the firm looks to accelerate its data operations platform for fund administration.“We are seeing a historic evolution in fund administration from a professional services model, to a fundstech model driven by data operations,” says Walkup. “Harmonate is a catalyst for that transformation, which is frankly happening faster than any of us might have expected. Conductor’s ability to take statement processing from two weeks to 24 hours is turning heads, and our expertise in change management is a match for firms that are inclined toward leading this market.”
Walkup was previously President
Exchange technology specialist Exberry is partnering with Digital Asset, the creators of the open source DAML smart contract language, to launch an end-to-end digital exchange infrastructure. With the new partnership, any business developing a new digital asset marketplace can launch in a matter of days with a fully-compliant, end-to-end exchange platform and a ‘near risk-free’ post trade settlement registry.
Demand for trading new types of financial instruments and assets is exploding, and entrepreneurs recognise the value that digitised and tokenised assets can add when launching new markets. It’s a trend that is gaining traction across a wide range of markets including
CF Benchmarks, a cryptocurrency index provider, has launched A new index that aims to accurately reflect the circulating supply of each comprising crypto (or index constituent) has been launched by CF Benchmarks.Read the full story at Institutional Asset Manager…
Hedge funds continued their strong performance in July, with the Preqin All-Strategies Hedge Fund benchmark gaining 3.29 per cent, compared to June’s +2.53 per cent. This brought the YTD performance into positive territory (+2.88 per cent), and pushed the 12-month return to +5.46 per cent.
Equity strategies were the best performing top-level strategy tracked by Preqin in July, posting returns of +3.28 per cent, the same as in June. Global equities markets have recovered to almost record levels for some indices, aiding returns. Event driven strategies were the next best performing (+3.15 per cent), while credit strategies lagged (+1.35 per cent).
Gemini Trust Company (Gemini), a cryptocurrency exchange and custodian, has selected Eventus Systems’ Validus platform for the exchange’s new trade surveillance solution. The signing marks the sixth major exchange in the digital asset space to turn to Eventus for trade surveillance.
Gemini has adopted the cloud-based version of Validus on a T+1 basis for market surveillance that identifies a wide range of potential market manipulation behaviors.
Gemini Chief Operating Officer Noah Perlman says: “The digital asset space is a constantly changing environment, and working with a solution that is tailored for our market needs, including built-in flexibility as the
Privately owned hedge fund sponsor Fir Tree Partners, has selected Arcesium’s fully integrated technology platform and services solution to support its operational model.Fir Tree will leverage Arcesium’s scalable infrastructure designed to power their investment lifecycle, specifically addressing critical reconciliation, portfolio analytics, data management, treasury, and cash settlement functions. Arcesium’s technology provides Fir Tree with a single repository to manage all of their middle- and back-office workflows, unlocking efficiencies for their staff and streamlining operational processes.
“Arcesium was the first provider to intrinsically recognise the value of complementing technology with services,” says Don McCarthy, Co-chief Operating Officer and Chief Financial
The convertible bond market is “quietly thriving” in the aftermath of the market shock brought about by the coronavirus crisis, says Man GLG, the long-running discretionary hedge fund management unit of Man Group.
Convertibles’ primary market has seen record levels of new issuance this year – particularly in the US – with many first-time issuers entering the fray, while at the same time the asset has cheapened to levels not seen for some years, Man GLG said in a commentary this week.
This flurry of activity offers investors “a potentially attractive entry point” into the market, boosting convertible bonds and
Cappitech, a provider of regulatory reporting, best execution analysis and business intelligence solutions for the financial services industry, has extended the regulatory regimes it supports to include the Monetary Authority of Singapore (MAS) OTC Derivatives transaction reporting through The Depository Trust & Clearing Corporation (DTCC).Investment firms and Significant Derivative Holders falling under scope of the MAS’ regulation can leverage Cappitech’s transaction reporting experience and technology to automatically transform their data and submit it to DTCC’s Global Trade Repository (GTR) service. By connecting to DTCC‘s GTR service and other TRs/ARMS, Cappitech expands its existing compatibilities and provides a single interface for
Along with the Covid-19 pandemic’s tumult, alternative investment fund managers have had to face a number of tax changes that are anticipated to have a tremendous impact on their business.
US dollar second only to gold as good investment right now, says RWC Partners
US dollar second only to gold as good investment right now, says RWC Partners