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Fulcrum Asset Management (Fulcrum) has launched the Fulcrum Risk Premia Fund (UCITS) with USD70 million of initial capital with a further USD1.1 billion in the strategy across a Cayman fund and separately managed accounts. The strategy is designed to give investors access to attractive risk-adjusted returns with historically low correlations to traditional assets, while meeting its return objectives in different market environments. It does so by combining a highly diversified portfolio of return streams, focused on macro premia and excluding any exposure to single name equities or equity factors. The Fund is an absolute return product with a target volatility of
Andy Cheung has resigned as the COO of cryptocurrency exchange OKEx to launch a new blockchain consultancy institute, BitWork. With a team of experienced blockchain experts, BitWork offers exchange partnerships, advisory, marketing management, branding and public relations, fundraising, and event management services to cryptocurrency and blockchain projects.
“My goal is to drive mass cryptocurrency adoption. But my contribution can be very limited in a cryptocurrency exchange. I decided, and we agreed amicably, that I can better achieve my goals with a new venture. Still, it’s been an absolute pleasure to have served OKEx,” says Cheung. “The question I was always asked
Blox.io, a for cryptocurrency management, accounting, and cost basis platform, has launched integration with the æternity protocol, a scalable smart contract platform that enables interaction with real-world data. This new integration will provide æternity users with smart tools for crypto tracking, accounting and tax preparation. They are joining industry giants like eToro, Zilliqa, Dash and more, as part of Blox’s rapid expansion strategy to provide tools and technology to help businesses and investors better manage their crypto finances.
The current complexities of cryptocurrency technologies, coupled with a lack of institutional guidance for its accounting and taxation in many jurisdictions, has created an industry
Integral (www.integral.com), a provider of forex market technology for banks, brokers, and asset managers, has reported average daily volumes (ADV) across its platforms os USD36.3 billion in December 2019.
SANNE, a provider of alternative asset and corporate business services, has appointed Jessie Meng to the role of Country Head – Shanghai.In her role, Meng will strengthen and enhance the existing Shanghai offering, while working closely with business leaders in SANNE’s other Asia-Pacific based offices to promote the brand across the region. In addition to heading the Shanghai office, she will also be responsible for continuing to grow and develop SANNE’s international offering.
With 14 years’ experience working in the financial services industry, Jessie has an extensive background in developing business strategies and optimising team structures coupled with her
INTL FCStone has acquired IFCM Commodities, a provider of commodity price risk management solutions for base metals serving clients across Germany and continental Europe, in a deal which closed on 2 January. IFCM Commodities has been working closely with INTL FCStone’s Metals Division since 2011, acting as their Tied Agent serving clients in Germany and continental Europe. This purchase is part of INTL FCStone’s overall strategic plan to expand the company’s footprint in Germany and continental Europe in order to handle European clients and regional metals business, post-Brexit.
Barry Canham, Global Head of Metals at INTL FCStone, says: “After nearly
Active fund managers are increasingly turning to shareholder activism as a way of protecting their investments and driving returns, according to analysis by Headland, the communications consultancy.
The European Energy Exchange (EEX) increased the volume on the Power Derivatives Market by 32 per cent year-on-year in December 2019 to 360.3 TWh (December 2018: 273.7 TWh).
The volume in Spanish power futures rose by 69 per cent year-on-year to 23.8 TWh (December 2018: 14.1 TWh), which corresponds to the highest monthly value in 2019 and a new record volume (previous record 15.7 TWh in Nov’19). EEX also achieved significant volume increases in power futures for France (43.0 TWh, +45 per cent) and Germany (208.7 TWh, +31 per cent) as well as in the power markets for Central and
National law firm Seward & Kissel has promoted Kevin Neubauer to partner and Brian Maloney to counsel. The promotions are effective 1 January, 2020.
“We are thrilled to make these well-deserved promotions. Kevin brings our clients a tremendous wealth of knowledge in fund formation and other issues of concern to private funds and pooled investment vehicles,” says Seward & Kissel Managing Partner Jim Cofer. “Brian has demonstrated his litigation talents across a range of subjects and types of engagements, from banking and shipping disputes to securities investigations. His versatility is a great asset to our clients and the Firm.”
Neubauer has extensive experience
Hamilton Lane, a private markets asset management firm, has appointed Atul Varma as Chief Financial Officer and Treasurer effective 6 January.
Varma will succeed Randy M Stilman, who will be retiring from the role after 22 years. Stilman will remain at Hamilton Lane into 2020 to help ensure a smooth transition of his responsibilities.
Varma brings two decades of leadership experience in financial services to Hamilton Lane. He was most recently Head of Business Strategy and Chief Financial Officer of Wealth Management at The Bank of New York Mellon Corporation. Prior to joining BNY Mellon, Varma served as Chief
