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Alternative investment management team Evanston Capital Management’s (ECM) management team has completed the purchase of the minority equity stake owned by certain private investment funds affiliated with TA Associates (TA).
Victor Argonov, senior analyst and crypto specialist at International Investment firm, EXANTE, believes, the cryptocurrencies could ultimately benefit from the current coronavirus crisis…We have recently seen some of the sharpest market crashes in history. From February 20 to mid-March, the key American indices have dropped by around 30 per cent, while the cryptocurrency and oil markets have dropped by more than 50 per cent. The crisis was mainly caused by the coronavirus pandemic, but the split among the OPEC+ countries that could not reach a consensus about decreasing the oil production rates was also another destabilising factor.
However, in spite
Activist hedge fund manager CIAM has written to shareholders of French reinsurer SCOR to warn of significant corporate governance deficiencies at the firm, and has called on the company to postpone its upcoming AGM.
Swedish hedge fund firm Bodenholm Capital is to close after Brummer & Partners, one of the major investors in its funds, announced its decision to withdraw capital.
Bodenholm One, a long/short equity hedge fund whose portfolio is built around fundamental stock analysis, is one of several strategies offered on Brummer & Partners’ flagship Brummer Multi-Strategy vehicle.
BMS has invested in Bodenholm since the latter’s inception in September 2015, and is understood to have held a stake of more than 40 per cent.
“For some time we have had a dialogue with Bodenholm about the fund’s management and risk where it
Tradeweb Markets, a global operator of electronic marketplaces for rates, credit, equities and money markets, has added Steven Berns to the company’s Board of Directors, effective 3 April, 2020. An independent director, Berns will also chair the audit committee of the board.
Berns most recently served as Co-Chief Operating Officer and Chief Financial Officer of Shutterstock.
Martin Brand, Chairman of the Board, says: “We are pleased to have Steven joining Tradeweb’s Board of Directors. His deep financial expertise, in addition to his wide-ranging governance and operations experience in digital brands, makes him a valuable addition to the board. He also knows
Digital assets trading firm BiKi.com has listed ICON (ICX), a Top 40 CoinMarketCap project from Korea that boasts one of the largest communities in the entire blockchain space.This newly formed partnership with BiKi Exchange will see ICON expanding its reach outside of Korean markets and growing their exposure in Chinese markets, amongst other Asian markets.
On the partnership with BiKi Exchange, Min Kim, Co-founder of ICON states: “BiKi is a leading exchange in a very important market and we’re very excited to partner with them as we expand our growing ecosystem. We look forward to collaborating significantly as we increase
Hedge fund strategies of all stripes have posted sizeable losses so far this month as fears over the coronavirus outbreak ripped through global markets, new data from Hedge Fund Research shows.
The HFRX Global Hedge Fund Index, which takes the temperature of the overall global hedge fund industry, has lost 7.76 per cent so far in March.
The index, which comprises performance of all eligible hedge fund strategies within four principal strategies (equity hedge, event driven, macro/CTA, and relative value arbitrage), is now down 8.72 per cent since the start of 2020, according to HFR data.
Global equities posted steep
RIMES, a specialist in data management and RegTech solutions, and SOTERIA, a real-time communication compliance and surveillance solution, have completed an initial product integration phase as they look to provide financial firms with a comprehensive monitoring solution to facilitate compliance with anti-market manipulation and insider dealing rules and regulations.Adhering to growing regulations and evolving regulatory surveillance capabilities is technically complex and both data- and resource-intensive. The new approach from RIMES and SOTERIA aims to solve these issues by providing data-driven, market manipulation and insider dealing detection capabilities.
Within RIMES’ RegFocus Market Surveillance (RFMS) service, users can identify defined suspicious
Once regarded as something of a fringe concern, responsible investing and ESG (environmental, social and governance) themes have steadily gained momentum in recent years, becoming a key component in many of the world’s biggest and most successful hedge fund strategies.
An extended period of stress, brought on by the Covid-19 pandemic, may put downward pressure on European CLO ratings, according to a new report by S&P Global Ratings.Read the full story at Institutional Asset Manager…
