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Digital asset trading platform Bitfinex has launched Bitfinex Pulse, a platform to enable users to exchange ideas, interact with each other and feel the pulse of the exchange’s growing community.
Exabel, an AI platform for fundamental asset managers, has won one of five places for fintechs on Engine, the Investment Association’s innovation hub designed to bring new tech to its investment management member firms.
After three years in pilot development, the firm has launched commercially and has secured a range of European clients, including Iguana Investments, an equity long/short fund, that integrates fundamental and quantitative investment analysis.
Exabel’s ‘quantamental’ technology enables discretionary managers to complement their fundamental strategies with more data-driven techniques, from simple augmentation of existing screening and optimisation of portfolios (often still on Excel), through to powerful AI
Blackstone saw its hedge fund performance fall more than 8 per cent during a torrid first quarter – but the world’s largest alternative investment manager has grown its overall assets over the past year, and now has USD150 billion in “dry powder” assets to put to work.
North Capital, a provider of technology and brokerage services for exempt securities offerings, is now authorised for secondary trading of unregistered securities, including digital asset securities, on its Alternative Trading System (ATS), the Public Private Execution Network (PPEX).
“We’re very happy to have obtained the regulatory approvals necessary to commence operations of the PPEX ATS,” says Jim Dowd, founder and CEO of North Capital. “The evolution of organized secondary markets will help bring liquidity and transparency to exempt securities investments. As the value of private securities has grown exponentially over recent years, issuers and investors have indicated that they are keen to see secondary
The National Bank of Greece (NBG) has joined European Commodity Clearing (ECC) as a new general clearing member. NBG obtained a general clearing licence and can now offer Euro denominated clearing services for all products and markets cleared by ECC.
The NBG, which is based in Athens, plays a key role in supporting the Greek economy as well as the economic and social transformation of the country. The bank offers a wide range of financial products and services that meet the needs of private and business customers, managing one fourth of the banking market in Greece.
NBG through the years
ORIX Corporation USA (ORIX USA) is to sell Mariner Investment Group (Mariner) to Curtis Arledge, Mariner Chairman and CEO, William Michaelcheck, Mariner Founder, Partner and Co-Chief Investment Officer and other senior members of the firm.
The transaction aligns with ORIX USA’s objective to consolidate the company’s investment capital and asset management strategy in the US, with a focus on alternative assets, including private credit, real estate and private equity. As an independent company, Mariner will continue to provide its investors with fixed income relative value and credit strategies in the public and private markets.
As part of the transaction, ORIX
FuturesFx and its Simon Jousef are to pay more than USD1.7 million in to Settle a CFTC Enforcement Action over a fraudulent forex and commodities trading scheme.
The CFTC’s complaint charged the defendants with fraudulently soliciting members and prospective members in the United States and other countries to subscribe to a trading system that included a supposedly “live” foreign exchange (forex) and commodity futures online trading room, educational videos, and online support. The CFTC also charged Jousef with making false or misleading statements to the National Futures Association (NFA).
The consent order requires the defendants to pay jointly and severally
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Many discretionary macro managers are successfully capitalising on the continuing global economic upheaval, with solid first quarter gains that may hint at a reversal of fortunes for a strategy beleaguered by assorted challenges and high-profile closures in recent years.
Macro funds – which aim to profit from unfolding macroeconomic trends and political events by trading an array of instruments spanning currencies, rates, bonds, commodities, futures and more – have struggled to maintain consistent performance since their strong showing in the 2008 global financial crisis.
Historically low interest rates, continued central bank stimulus and more predictable volatility patterns have made it tricky
Trend following hedge fund strategies are maintaining their recent positive momentum, with Société Générale’s CTA indices broadly showing further gains in April as fresh turmoil in commodities markets underpin continuing market uncertainty.
