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Crypto asset insurance company Evertas says crypto investment firms and exchanges could fail to meet the insurance requirements set by regulatory bodies because of a lack of capacity from insurers for covering these assets and a poor understanding of the risks associated with them. Evertas has analysed Hong Kong’s Securities and Futures Commission (SFC) announcement at the end of last year on its new licensing scheme on virtual asset exchanges and its insurance requirements and believes insurers and brokers do not have the knowledge, experience or systems to effectively meet these.
SFC insurance requirements for virtual asset exchanges and investment firms focusing on cryptoassets include:
• In respect of the custody of client virtual assets, a Platform Operator should ensure that an insurance
Capitalab, a division of BGC Brokers, has completed the execution and subsequent compression of Capitalab’s first swaption margin optimisation trades leveraging LCH SwapAgent, a service for the non-cleared derivatives market. As part of Capitalab’s leading Rates Initial Margin Optimisation service, swaption notional was created between Nomura and Deutsche Bank and processed by LCH SwapAgent.
The package comprised over a thousand bilateral swaptions and cleared swaps and was successfully compressed in Capitalab’s subsequent margin optimisation cycle, with full straight-through processing provided via MarkitSERV.
LCH SwapAgent trades are the latest products to be eligible for Capitalab’s offering for Initial Margin Optimisation. This expansion
FundRock Management Company (FundRock), a European third-party UCITS Management Company (ManCo) and Alternative Investment Fund Manager (AIFM), has been confirmed as the biggest third-party ManCo in Luxembourg in PwC Luxembourg’s latest annual survey.The rankings measure the size of third-party ManCos by assets under management (AUM). FundRock, which oversees almost 400 UCITS and alternative investment funds in Luxembourg with a total AUM of EUR67.9 billion (as of 31 December 2019), rose to the top of the rankings after recording a 57 per cent increase in AUM last year, attributable to organic growth and the acquisition of SEB Fund Services at the
Decentralised exchange DeversiFi is relaunching as DeversiFi 2.0, integrating StarkWare’s zkSTARK layer-2 scaling technology to cater for high-speed, instant settlement and deep liquidity for professional cryptocurrency traders.
This new integration enables traders to trade at lightning speed and with deep aggregated liquidity, directly from their privately owned cryptocurrency wallet.
“This StarkWare integration will transform the functionality of DeversiFi 2.0. The solutions born out will address the key issue of scalability – but without the usual traditional sacrifices of liquidity, speed, settlement and fees,” says Will Harborne, Co-Founder and CEO of DeversiFi.
With DeversiFi 2.0, traders will now have access to
Global macro managers have outflanked the rest of the hedge fund pack in recent weeks, with discretionary funds and emerging markets-focused strategies building momentum as markets recovered and oil prices rebounded, new analysis by Lyxor Asset Management shows.
Global macro strategies rose 2.4 per cent last month, as discretionary funds and managers trading emerging market strategies seized on the recent trend reversals across risk assets during Q2, Lyxor’s cross-asset research team said.
By maintaining or increasing risk in portfolios during March’s historic sell-off, EM and discretionary macro funds were able to outperform their systematic counterparts, said the note, which was
DiligenceVault has hailed a new milestone, connecting over 12,000 clients on its two-sided, centralised digital diligence platform.
Pictet Asset Management, the investment management arm of the Geneva-headquartered wealth management giant Pictet Group, has unveiled a novel global equity strategy focusing on family-owned businesses.
By A Paris – In the face of the current uncertainty and volatility across global markets, the financial industry in The Bahamas has been making changes to refine and strengthen its position as an international financial centre. This is being done to buttress its international standing and help sustain business longevity for all players involved.
PwC Luxembourg has published its patented 2020 barometer on management companies (Manco) which showcases the growth of the asset management in Luxembourg. The results continue to highlight the Alternative Market as the leading force for growth across Luxembourg Management Companies (UCITS and/or Authorised AIFMs) demonstrating the attractiveness of the Luxembourg alternative industry with dedicated products such as RAIF and ScSP.
The latest results display a positive outlook for authorised Alternative Investment Fund Manager (AIFM), Undertakings for Collective Investments in Transferable Securities (UCITS) ManCos and Super ManCos based in the Grand Duchy.
They key highlights include
• Assets Under Management (AuM) managed
Seven Bridges Advisors has appointed Elise Rosenberg as Managing Director and Head of Business Development. Rosenberg will have primary responsibility for accelerating growth and oversee marketing, business development, and increasing awareness of Seven Bridges across the investment community. This is a new position at the New York-based investment advisory firm.
Rosenberg joins Seven Bridges from Barclays where she spent over six years, most recently as a Director of Capital Solutions covering institutional investors for alternative investments across strategies.
“We are delighted to welcome Elise to Seven Bridges Advisors,” says Larry Cohen, Partner and Chief Executive Officer of the firm. “She brings
