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TFG Asset Management, the alternative investment management unit of Tetragon led by Reade Griffith, is taking a minority stake in Contingency Capital, a new litigation finance-focused fund manager founded by ex-Fortress Investment Group partner and managing director Brandon Baer.
Contingency Capital, a multi-product global asset manager which will sponsor and manage litigation finance-focused investment strategies, will formally launch on 1 November.
As part of the deal, Tetragon will place an initial USD50 million commitment with Contingency’s first commingled investment fund, as well working capital and an option to invest further amounts. TFG Asset Management will also offer operational support, including
Specialist fixed income manager, BlueBay Asset Management (BlueBay), has appointed Adam Phillips in a newly created role as Head of Developed Markets Special Situations.Based in London, Phillips reports to Mark Dowding, Chief Investment Officer (CIO) and will be responsible for building out BlueBay’s capabilities within stressed and distressed credit where he will be leading the launches of new special situations investment strategies that will be established in the coming months.
The new strategies will complement BlueBay’s existing event driven credit strategy, which Adam will also be managing, alongside Duncan Farley and Tim Leary.
The team believes there is
Ninety One has appointed Cathy Gibson as its Global Head of Trading. Ninety One says the newly-created London-based role will bolster the firm’s existing trading capabilities and trading infrastructure.Gibson will join Ninety One in the new year, and will report into John McNab co-Chief Investment Officer (co-CIO).
Gibson joins Ninety One from Royal London Asset Management, where she was most recently Head of Dealing. She has a strong track record of building successful, sustainable trading teams that are fully integrated into the investment process. Prior to Royal London, Gibson held senior positions at Deutsche Asset Management and Pioneer Investment
Zurich-based Vestun, a start-up boutique manager focused on AI-based investment programmes, has opened its market agnostic systematic US equity hedge fund programme to new outside investors.
The flagship strategy, which is managed on the firm’s Hawkrel AI platform and trades liquid US stocks, is designed to autonomously adapt its portfolio and risk exposure according to prevailing market conditions. It eschews traditional systematic hedge fund approaches which employ signals derived from statistical rules and historical events, instead building a less rigid investment process around uncorrelated, domain-specific intelligence gleaned from certain datasets.
Chayan Asli, Vestun’s founder and CEO, believes that relying on
The Alternative Investment Management Association (AIMA), the hedge fund industry trade body, has paired up with ITN Productions to produce a news-style programme which aims to push the case for hedge funds’ role in the economic recovery following the coronavirus crisis.
Due to launch in summer 2021, ‘Holding Strong: Alternative Investments in a Volatile Market’ will explore the role played by alternative assets and hedge fund managers in the global economy and their value to investors and markets, and how they offer allocators a differentiated risk/return profile and provide alternative funding avenues for borrowers.
The programme will also examine how
Trading technology provider TORA has expanded its multi-asset Order & Execution Management System (OEMS) trading platform to support fixed income.
TORA’s OEMS now offers a range of proprietary tools to help traders access bond liquidity and to efficiently execute and manage bond orders across a broad range of sectors. With coverage across government, sovereign, supranationals, agency, investment grade corporate bonds, high yield, emerging markets, covered bonds and municipal bonds the new offering will appeal to global fixed income managers. This adds to existing coverage of fixed income futures, options and ETFs.
Bond trading has become increasingly electronic and secondary
In collaboration with the Oasis Foundation, Berlin-based Fintech Finoa will be providing secure custody for ROSE – the utility token of the soon to launch Oasis Network.In addition to custody, ROSE token holders will also be able to stake their allocations directly from Finoa’s secure infrastructure, providing a unique opportunity for token holders to contribute to the network in a seamless, safe and secure way.
ROSE, the utility token will be used to facilitate transactions on the Oasis Network’s consensus layer, is designed to give users financial sovereignty and control of their data, and is expected to play a
Radix, a layer-1 protocol built specifically for decentralised finance (DeFi), is integrating with Chainlink to make DeFi oracles easily accessible to developers. Chainlink oracles will give Radix developers access to a wide range of secure, accurate off-ledger data. This data will help Radix developers as they recreate traditional financial services as decentralised apps and develop completely innovative DeFi products in the Radix ecosystem.
A key need for DeFi application developers is access to market data. Because not all market data is inherently available within the network itself, Radix dApps need to access off-ledger sources to obtain such information. Oracles solve this
With the profound impacts of Covid-19 continuing to reverberate around the world, it is notable how robust the funds industry has been during the last six months. In Ireland, like elsewhere, significant redemptions were registered in March as investors sought to reduce risk and increase liquidity.
By A Paris – The Irish funds industry has demonstrated its resilience as it continues to navigate the Covid-19 pandemic with its head held high. Despite the global market turbulence, Ireland continued to benefit from the Brexit fallout as large global managers chose to open operations in the jurisdiction and Ireland’s commitment to ESG growth is sustained.
