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For a fourth straight year, the US insurance industry has reduced its hedge fund investments, by USD2.6 billion in 2019 to USD11.9 billion, with the property/casualty segment reporting a year-over-year reduction of 22 per cent, the largest among the major industry segments, according to a new AM Best special report.The Best’s Special Report, titled “Insurers Continue to Reduce Hedge Fund Exposures,” states that the continued pullback leaves the property/casualty segment with USD6.3 billion of hedge fund investments. The life/annuity segment (L/A) saw a fourth straight year of reductions of more than 10 per cent (11.9 per cent in 2019 to
genesis, a global capital markets software firm, has expanded its management team with the appointment of Nick Kolba as Global Head of Platform. Kolba is widely recognised for his experience in financial services as a Chief Technology Officer and his leadership of the Fintech Open Source Foundation (FINOS).
In this new role at genesis, Kolba will be responsible for delivering the firm’s technology strategy reporting to Stephen Murphy, CEO. In response to the ever-growing industry appreciation and appetite for low code development, Kolba will help accelerate client adoption of genesis and its Low Code Application Platform.
The appointment of Kolba comes
Ryan Willson, formerly the CEO of Lateef Investment Management, has joined Creighton AI as Partner & Head of North America to help build the firm’s business in the USA and Canada.Creighton AI (CAI) was founded by Jim Creighton, who has previously worked with Richard Brignoli and Harry Markowitz (Nobel Prize winner – Modern Portfolio Theory) on minimum variance excess growth strategies in Canada before going on to become global CIO of Barclays Global Investors, Deutsche Asset Management and Northern Trust.
Increasingly disappointed in the way Artificial Intelligence and Machine Learning was being adopted by the investment community, Creighton decided to
TCI Fund Management, the high-profile activist hedge fund firm led by Sir Chris Hohn, has filed a criminal complaint against Wirecard AG, the Munich-headquartered electronic payment processing company.
WorldQuant, a global quantitative asset management firm, has appointed Gary Chropuvka as President.
Chropuvka will oversee global business strategy, firm operations and priority initiatives, as well as provide additional leadership in firm investment activities. He will join WorldQuant in late 2020.
Chropuvka was at Goldman Sachs Asset Management for more than two decades, where he most recently served as Co-Head of Quantitative Investment Strategies (QIS). Chropuvka held other various roles at QIS, including oversight of its customised beta, tax-efficient and alternative risk premia businesses. He also previously served as a QIS Equity Alpha portfolio manager. Gary joined QIS in 1999
Gold prices are storming back towards their mid-April highs, with investor appetite holding up amid sustained market volatility – potentially bringing further gains for hedge funds which have built major positions in the commodity recently.
FXCM Group, an international provider of online foreign exchange trading, CFD trading, cryptocurrencies and related services, has made its stock basket offering tradeable by customers on its Australian and South African entities.
Alternative credit fund management is the focus of three new memos published by The Standards Board for Alternative Investments (SBAI), covering fund structuring considerations, valuation, and conflicts of interest.
TORA, provider of a cloud-based order and execution management system (OEMS), has added Mark Mazor & Joe Zonenshine to the firm’s global outsourced trading team.Mazor and Zonenshine join a global team that provides execution support for a growing number of hedge funds & asset managers around the world. TORA’s combination of outsourced trading and technology provides clients with a comprehensive solution which extends beyond execution to all facets of the investment process.
TORA aims to strengthen global market coverage for their clients by acting as their primary service provider or on a complimentary basis assisting in-house trading desks and
Has fund governance improved in times of crisis?
Has fund governance improved in times of crisis?