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Maritime technology and regulatory compliance firm, Pole Star has partnered with global trade finance technology provider TradeIX, to bring Pole Star’s multi award winning PurpleTRAC regulatory technologies to the Marco Polo Network. Developed in conjunction with companies facing regulatory exposure in maritime trade and shipping, the PurpleTRAC sanctions compliance screening and vessel tracking solution will enable users to automate, streamline and record their regulatory processes. Making PurpleTRAC available on the R3 Corda network will provide a single point solution for automated vessel sanctions screening, vessel tracking and risk management. This solution will be fully customisable to any user’s risk requirements and
Mosaic Smart Data (Mosaic), a real-time capital markets data analytics company, has appointed Mike Thorpe as its new Head of Sales.Over the past year, Mosaic Smart Data has updated its MSX platform to provide analytics for trading venues and buy-side firms as well as expanding the number of asset classes on the platform. Now, Thorpe joins a team of more than 40 at Mosaic to grow the company’s client base among the world’s largest institutions and support existing clients in on-boarding additional features and asset classes of the MSX platform.
Thorpe joins Mosaic after 14 years at Tradeweb where he
Two-thirds (66 per cent) of alternative investment professionals have a good understanding of the benefits of fund finance but cite negative perceptions among LPs as the biggest challenge to its wider adoption, according to a new survey commissioned by Intertrust, a specialist in providing tech-enabled fund and corporate solutions.Of those who are familiar with fund finance, almost half (44 per cent) say they had a good understanding of specific areas, while a further 24 per cent are aware of the fund finance product suite and levels of lender appetite. In contrast, one-in-three (33 per cent) respondents admit to having little or
The Asset Management Exchange (AMX), an institutional platform for investors and asset managers, has appointed Dr Kerrie Mitchener-Nissen as Head of Product.Mitchener-Nissen joins AMX, which manages over USD9.5 billion in assets, to lead a growing team of four product specialists. She will be responsible for managing existing solutions as well as new product development, to support the expanding range that AMX can offer its clients.
Mitchener-Nissen joins from JP Morgan Asset Management where she served for 13 years, most recently as Head of International Product Development. In this role she was responsible for setting and executing the product strategy to
As the digital currency market matures, a new crypto hedge fund, Circle Fund, has emerged — the first to be compliant in Asia. The company behind Circle Fund has more than five years of experience in both the primary and secondary blockchain industry markets and has a team of investors with decades of experience in securities, commodity, and currency trading. The global team has a presence in Shanghai, Hong Kong, and New York.
Circle Fund’s team of investors works with parties in the Chinese and American markets, such as high-volume exchanges, media companies, and blockchain and venture capital investment managers. Circle
In this new monthly blog, Joel Press, formerly a senior partner and Head of the Global Hedge Fund Practice at Ernst & Young, and a leading voice on hedge fund operations and co-ordination services, talks through an array of considerations on how best to prepare for a successful hedge fund launch. In this first installment, Press, who works on a discretionary basis with a handful of start-ups each year through his consulting arm, Press Management LLC in New York, discusses the key business planning issues, including access to capital…
The global hedge fund industry returned +1.75 per cent in December, bringing aggregate 2019 full-year returns to +9.74 per cent, according to eVestment’s December 2019 hedge fund performance data. 2019 marked the industry’s best aggregate returns since 2013, when the industry returned +12.58 per cent.
For the year, Russia-, China- and Brazil-focused funds were performance leaders by a wide margin. Russia-focused funds returned +26.69 per cent for 2019, China-focused funds returned +23.15 per cent last year and Brazil-focused funds closed out 2019 at +21.68 per cent. However, where there is great reward, there can be great risk: All three of
Perella Weinberg Partners (PWP) Capital Management has elected Amita Schultes a Partner of the firm, effective 1 January, 2020.
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.66 oper cent in December, underperforming the 1.22 per cent monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Equities surged in the fourth quarter of 2019 across geographies thanks to improvements in investor sentiment and continued central bank support,” says Jason Schwarz, President of Wilshire
LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has made two London-based hires for its EMEA Client Service Team: James Pearson and Abdullah Al Nasiri. Pearson will serve as a Technical Implementation Analyst, while Al Nasiri will serve as a Client Services Analyst.
Both Pearson and Al Nasiri will play crucial roles in ensuring that clients are able to effectively use LiquidityBook platforms. Pearson will play a key role in onboarding projects, working closely with both internal developers and external clients, while Al Nasiri will work in the client support group. The hires arrive at the firm at
