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Maples and Calder, the Maples Group’s law firm, has added Mark Crichton to its growing team in the firm’s Jersey office. Read the full story at Private Equity Wire…
Boston-based Clough Capital Partners is an independent investment boutique which specialises in long short investing, has appointed Dr Noelle Tune, MD as a Director and a healthcare research analyst. In this role, Tune will join the Clough Capital healthcare team led by Chief Executive Officer, co-Chief Investment Officer, and Portfolio Manager Michael Hearle.
“Dr Tune brings the valuable perspective of both a practicing physician with a deep research background and a proven institutional healthcare equity research analyst,” says Hearle. “Her experience on the frontlines in the fight against Covid-19 is tremendously helpful as we pursue themes around testing, therapeutics and services.
Managed futures funds reversed course in September losing 0.67 per cent, according to the Barclay CTA Index, compiled by BarclayHedge. For the year-to-date, CTAs are up 2.09 per cent.
Securitize, a primary issuance and lifecycle management platform for digital securities, and an SEC-registered transfer agent, is to acquire Distributed Technology Markets (DTM), an SEC and FINRA registered broker-dealer and alternative trading system (ATS). DTM received approval in 2020 for the primary issuance and secondary trading of private placement securities, including digital asset securities. As part of the acquisition, Securitize will also acquire Velocity Platform, a money services business with money transmitter licenses in several states. The acquisition is subject to regulatory approval and terms of the transaction are not being disclosed.
Carlos Domingo, Securitize CEO and co-founder, says:, “The acquisition
SpiderRock Advisors (SRA), a USD1.5 billion asset management firm focused on providing customised option overlay strategies to advisers and institutions, is to begin offering option overlay strategies to clients via the Envestnet platform. Eight customisable option-based overlay strategies from SpiderRock Advisors are now available through an Envestnet custom SMA offering. SRA will offer strategies to hedge concentrated stock positions and broadly diversified portfolios, as well as income-generation strategies using put writing and call writing.
“We are pleased to have SpiderRock’s option overlay strategies on our platform,” says Jean Heath, CIMA, Head of Asset Manager Network for Envestnet. “We have seen an
The European Power Exchange EPEX SPOT and its clearing house European Commodity Clearing (ECC) have launched new local Intraday auctions in four countries: Austria, Belgium, France and the Netherlands. The first trading day was 14 October 2020. Market results are available here. These products complement the already existing local 15 minute Intraday auction in Germany, the coupled 30 minute Intraday auctions in Great Britain as well as the coupled 60 minute Intraday auctions in Switzerland.
Ralph Danielski, Chief Executive Officer of EPEX SPOT, says: “These contracts have been among the most requested innovations in our annual customer survey. Intraday auctions play
Enfusion, a provider of cloud-based investment management software and managed services, has selected Drawbridge Partners, a cybersecurity software and services firm specialising in the needs of hedge fund and private equity managers to bolster its vendor due diligence process.Enfusion will deploy the DrawbridgeConnect platform to manage third party risk and build a robust cybersecurity program that exceeds industry standards.
DrawbridgeConnect allows users to easily aggregate internal cyber risk assessment data to drive analysis, determine program strength and remediation, and create and manage a resilient program to fulfil evolving data privacy mandates, regulatory and investor demands. Firms can easily assess
Marshall Wace, the long-running high-profile hedge fund set up by Sir Paul Marshall and Ian Wace, has taken a 3 per cent share in IAG, the owner of British Airways, Iberia, and Aer Lingus, in a reported bargain swoop for stocks and sectors hit hard by the coronavirus pandemic.
The London-based long/short hedge fund giant’s stake – estimated at around GBP140 million (USD181.3 million) – comes after BA earlier this week replaced its chief executive Alex Cruz with Aer Lingus chairman and CEO Sean Doyle, amid what IAG chairman Luis Gallego described as the “worst crisis faced in our industry.”
The coronavirus
Lazard Asset Management (LAM) has expanded its alternative investment platform, with the addition of a New York-based team and their long/short credit strategy. Sal Naro, Vincent Mistretta, Michael Cannon and Sanjay Aiyar have joined LAM from Coherence Capital Partners, forming the Lazard Coherence investment team.
“Sal and his team bring a wealth of investment experience and a unique approach to investing in credit markets. The addition of their credit capabilities is complementary to our growing alternatives business as well as our existing fixed income offerings,” says Loren Katzovitz, Managing Director, who leads the expansion of LAM’s alternative investment platform.
The Lazard
As US election nears, hedge funds gauge far-reaching market impact of Trump-Biden battle
As US election nears, hedge funds gauge far-reaching market impact of Trump-Biden battle