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Penso Advisors (Penso), a New York-based manager and advisory boutique specialising in discretionary macro and risk mitigating strategies, has established a Advisory Board, whose inaugural members include Alan Howard, Co-Founder of Brevan Howard, Raymond Kanner, former CIO of IBM Retirement Funds’ system and Mike Edleson, former CRO of The University of Chicago Office of Investments.
The Advisory Board will serve as external advisors to the firm, providing expert perspectives on global macro investing, investment operations and institutional risk and portfolio management.
“We are delighted that these three distinguished industry veterans have joined our newly established Penso Advisory Board,” says Ari
RISE Wealth Technologies, a Munich-based AI investment technology firm, has today unveiled a new name – Quantumrock – new logo and a new website as part of an extensive rebranding initiative.
With the move coming at a time of unprecedented change within the global financial markets, it has never been more important for firms to explore new and innovative ways to make bold decisions, allocating capital to capabilities and initiatives which offer potential for transformation and value creation.
Founded by a team of talented entrepreneurs and technical scientists, this is where Quantumrock’s proprietary artificial intelligent (AI) and machine learning (ML)
After the successful start of the Nordic Intraday markets end of May, the European Power Exchange EPEX SPOT and its clearing house European Commodity Clearing (ECC) successfully launched their Day-Ahead markets in Denmark, Finland, Norway and Sweden, completing their offering in the region.
This was enabled through the Nordic Multi-NEMO Arrangements (MNAs) implemented on 3 June which was also the first trading day.
During the first two days, 890 MWh were traded in the new Day-Ahead markets. The Day-Ahead auction is coupled via the Multi-Regional Coupling which secures one single price in the Nordics, now that EPEX SPOT is active
At a time when global stock exchanges are experiencing intense volatility and speculative, high-volume trading as the Covid-19 pandemic impacts equities markets, Transaction Network Services (TNS) has reported its North American backbone network recorded zero packet loss during the highest market data volume periods it has ever seen.
This means no TNS customers’ trades were lost and critical market data was not dropped or delayed.
“Trading firms rightfully hold their service providers to high standards, and while in recent months every provider’s network has been tested by some of the most extreme market conditions possible, TNS has passed with
When hedge fund indices tumbled in tandem with equities during this year’s historic Q1 sell-off – before sharply rebounding in April with their biggest monthly gain since the 2008 financial crisis – it reignited the debate over alternatives’ role in investment portfolios, and particularly the hedge fund industry’s core objective of outsized gains uncorrelated to broader marker performance.
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
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As lockdown easing pushes markets higher, hedge funds gauge the ‘new normal’
As lockdown easing pushes markets higher, hedge funds gauge the ‘new normal’