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Apex Group (Apex), a global financial services provider, has launched a new Compliance Solutions service which will be run by Mel Scotland.
Mark Lacana has been appointed as Chief Revenue Officer at Fund Recs, a cloud-based reconciliation platform for the global funds industry which helps fund administrators, depositories, fund managers and audit firms reconcile complex data.Read the full story at Institutional Asset Manager…
Arca, a digital asset investment firm that blends traditional finance with cutting edge blockchain technology, has launched the Arca US Treasury Fund, an SEC-registered closed-end fund, is available for investment. The Fund is the first product registered under the Investment Company Act of 1940 (’40 Act) to offer its shares as digital securities, called ‘ArCoin.’ Shareholders can directly transfer ArCoin using blockchain technology, broadening the use cases within the digital ecosystem.
The Arca US Treasury Fund invests 80 per cent of its portfolio assets in interest-bearing, short-duration, US Treasury securities and seeks to combine the regulatory standards applicable to
Trad-X, a platform for interest rate derivatives, has added UniСredit as a dealer and ACTIAM as a non-dealer to its dealer-to-client (D2C) electronic central limit order book (CLOB). UniCredit will join existing dealers JP Morgan, BNP Paribas and Commerzbank in providing liquidity to non-dealers. It will stream two-way pricing to a range of smaller banks and buy-side clients trading Eurex-cleared instruments.
Utrecht-based ACTIAM successfully joined the platform as a non-dealer, diversifying the type of non-dealers supporting CLOB execution methodology.
Since completing its first live transactions at the beginning of the year, Trad-X D2C has seen continuous engagement from existing
Short-term trend-following hedge fund strategies stayed in positive territory in the first six months of 2020, despite June proving to be another tough month in which CTAs’ performance continued to slide as markets reverted and lacked direction.
Société Générale’s Short-Term Traders Index – which monitors the daily performance of a portfolio of CTAs and global macro managers with holding periods of up to 10 days – advanced 2.98 per cent in the period between 1st January and 30th June.
Though the index dipped slightly (-0.68 per cent) last month, close to half its constituents posted positive performance in June, Société
Brummer & Partners, the Stockholm-based multi-strategy hedge fund firm, has generated positive returns for the first half of 2020, with US long/short equity, credit and macro strategies all driving performance in its flagship strategy in recent weeks.
Despite a recent spike in market volatility, the Brummer Multi-Strategy multi-manager fund – which invests in a range of single-strategy hedge funds – gained 1.5 per cent in June, while the Brummer Multi-Strategy 2xL (BMS 2xL) added 2.8 per cent.
The recent positive momentum – June’s gains were the third consecutive month of positive returns – means the multi-strategy fund is now up
Bitfinex, a state-of-the-art digital asset trading platform, has launched paper trading, a demo account service that enables users to practice strategies without putting funds at risk in a live account.Paper trading, which will be available on newly-created sub accounts, will enable users to trade Bitcoin in a simulated market environment without the need to deposit real funds. As an exchange built to serve professional trading strategies, the addition of paper trading will enable users to explore the rich features of the platform without putting funds at risk.
Trading pairs available for paper trading include: TESTBTC:TESTUSD, TESTBTC:TESTUSDT, TESTAAA:TESTBBB. In addition, paper
Rothschild & Co Asset Management Europe is to transfer its alternative multi-asset management business to CANDRIAM. The transaction concerns open-ended funds domiciled in France and Luxembourg and dedicated institutional funds, representing total assets under management of almost EUR350 million.
Under a partnership agreement between Rothschild & Co Asset Management Europe and CANDRIAM, the alternative investment funds of funds and a microfinance fund will be transferred to CANDRIAM, which will become the asset management company for these funds, subject to obtaining the required approvals, notably from the AMF and the CSSF market regulators. Under the terms of the agreement, the Rothschild
Cryptocurrency spot and derivatives exchange OKEx has partnered with Settle Network, a global fiat-crypto solution provider to allow OKEx users, via Settle Networks’ Latamex product, to buy bitcoin (BTC) and ethereum (ETH) on the exchange with Argentine peso (ARS), Brazilian real (BRL), and Mexican peso (MXN) using direct bank transfer.Settle Network is the largest digital assets settlement network across Latin America for exchange and cross-border payments, providing programmatic interoperability between traditional and digital assets by leveraging financial infrastructures of LATMA countries.
“One of the important goals of OKEx is to enable everyone to enjoy intermediary-free financial services by promoting blockchain-driven
Cayman-based alternative fund governance specialists Danesmead Partners has appointed Wendy Beer as a Principal of the firm and head of its New York Office.Beer was most recently Managing Director and head of Wells Fargo Prime Services’ Business Consulting Group. Prior to Wells Fargo, she was a consultant at Tiger Bay advisors and held a number of key industry roles including as a director in Credit Suisse’s Global Credit Products, specialsing in business development and marketing of tailored leveraged facilities to alternative asset managers and working in Salomon Smith Barney’s legal department. Beer was also a senior attorney in the SEC’s
