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New academic research by Plato Investment Management’s Head of Long Short Strategies, Dr David Allen, has highlighted the need for investors to move beyond the traditional “bell-shaped” normal distribution assumption that underpins much of industry practice.Dr Allen’s research paper, titled A comparison of non-Guassian VaR estimation and portfolio construction techniques, has recently been published in the Journal of Empirical Finance.
“It is widely accepted by academics that asset returns do not follow the well behaved bell-shaped normal distribution of economic textbooks, and that extreme returns occur much more frequently than one would expect,” says Allen. “For example, if stock returns
On 31 July, 2020, the Internal Revenue Service (IRS) released proposed regulations (the Proposed Regulations) relating to the scope and applicability of Internal Revenue Code Section 1061. This alert will provide an overview of the Proposed Regulations and how they may affect hedge, private equity and other investment funds.
Intertrust, a provider of tech-enabled fund and corporate solutions, has appointed Nick Maton as Luxembourg Country Head and Managing Director.Read the full story at Private Equity Wire…
Frankfurt-based asset manager First Private Investment Management has established a new multi-boutique network, FP Investment Partners which offers access to quant investing, infrastructure and alternatives/hedge fund investments.Read the full story at Institutional Asset Manager…
LEVERJ a decentralised cryptocurrency derivatives trading platform launched by Wall Street veterans from JP Morgan, Goldman Sachs, and Credit Suisse, has partnered with Brave New Coin (BNC) to create a scalable decentralised derivatives exchange.Read the full story at Institutional Asset Manager…
The Commodity Futures Trading Commission has approved an Amended Order of Registration for LedgerX to clear additional products, subject to the terms and conditions specified in the order, as a derivatives clearing organisation under the Commodity Exchange Act.Under the amended order, LedgerX is authorised to provide clearing services for fully-collateralised futures and options on futures in addition to the previously authorised swaps, and will no longer be limited to clearing digital currency products.
LedgerX, a Delaware limited liability company located in New York City, is also registered with the CFTC as a designated contract market and swap execution facility.
Horizon Software (Horizon), a SaaS provider of electronic trading solutions and algorithmic technology, has appointed Emmanuel Faure as Head of Sales APAC to support its rapid growth in the region. Faure brings exceptional experience and leadership, having worked as a Managing Director and Head of Business Development in the financial industry in Asia for over 20 years.
Growth in APAC has always been an important strategic goal for Horizon. Recent years have seen its reputation and client list across Asia grow and, looking to build on this success, Horizon wanted to bolster its local sales team, for which Emmanuel was
StakeHound is to launch the first tokens that allow access to DeFi while earning staking rewards, unlocking USD20 billion in liquidity for the Ethereum and Radix ecosystems. Incubated by Radix, the first layer-one protocol for DeFi, StakeHound will provide a seamless liquidity bridge into the rapidly growing DeFi ecosystems on both ledgers.
Until now, cryptocurrency users had to choose between earning staking rewards by staking their tokens, or retaining token liquidity by not staking, allowing them to participate in things like DeFi and token trading. StakeHound solves this by creating stake-backed, instantly transferable, and DeFi-ready tokens. All major Proof-of-Stake cryptocurrencies will
Systematic asset manager RAM Active Investments has chosen EFA to support the launch and administration of the new RAM Stable Climate Global Equities Fund.The AI-driven sustainable fund’s objective is to tackle climate emergency and to provide RAM’s investors an active strategy resulting in a strong performance.
As a company, EFA has always been strongly committed to ESG issues. This ensures funds with a sustainable strategy that their administration value chain is also “green”.
“Several items contribute to RAM AI’s continuous partnership with EFA,” says says Thomas de Saint-Seine, CEO, Partner & Senior Fund Manager, RAM Active Investments. “The fact that
TriOptima has extended its collaboration with AcadiaSoft to automate monthly collateral interest payments, making trade processing more efficient for over-the-counter (OTC) market participants.
Read the full story at Institutional Asset Manager…
