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Angel Island Capital (AIC), a San Francisco-based multi-strategy credit investment advisor and portfolio company of Golden Gate Capital, has closed approximately USD440 million in commitments to AIC Opportunities Fund II (AIC COP II). The Fund is AIC’s inaugural third-party capital investment vehicle and backed by a group of institutional investors.
Founded in 2008 and led by CEO Dev Gopalan, AIC launched AIC COP II as part of the firm’s Credit Opportunities Strategy, which focuses on investments in performing debt of middle-market companies in industries where AIC has domain expertise. The Fund was seeded in 2019 with a diversified portfolio of private
BitGo, a specialist in digital asset financial services, is now offering institutional digital asset lending services. BitGo’s lending service was built by a Wall Street team that understands institutional investing and clients’ needs. The launch follows a several-month private beta during which BitGo worked closely with leading institutions to hone and refine the offering.
“BitGo has built a reputation for leading the industry in innovation, security, and client service, and we are now extending that expertise to BitGo Lending,” says Mike Belshe, CEO, BitGo. “With our lending service, we are melding the best of Wall Street’s sophisticated understanding of how to
In his latest 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, looks at how hedge fund managers can protect themselves and their investors from the impact of Covid-19…
Trend-following hedge fund strategies’ strong start to 2020 was eroded during last month’s market volatility, leaving CTAs down for February and flat year-to-date.
But managed futures’ funds resilience – they ultimately stemmed losses amid last week’s dramatic sell-off through long bets in bonds and the US dollar – demonstrates their continued ability to capitalise on opportunities, said Tom Wrobel, director of capital consulting at Société Générale Prime Services and Clearing in London.
Société Générale’s SG CTA Index – which tracks the daily performance of a select pool of the largest trend-following managers – was up 4 per cent at February’s
EEX has reported significant increases across its markets in February with the power spot market up by 15 per cent to 53.7 TWh. This was largely driven by the solid performance on the Intraday market which grew by 44 per cent compared to 2019.A rise in the European power derivatives markets was mainly due to the excellent performance in French (+50 per cent) and Spanish Futures (+21 per cent) as well as Hungary (+123 per cent) which continues to establish itself as a new liquidity hub in the CEE region. Furthermore, with 410 GWh traded in February, EEX achieved a
Paradigm Governance Partners, which offers independent directors, AML officers, distressed fund and value recovery services, outsourced accounting, and economic substance services has added an experienced fund professional based in New York.Greg Essner, who will serve as an independent director on the boards of alternative investment vehicles, is an industry veteran with 34 years of finance experience including audit, accounting, financial reporting and investment management. Prior to joining Paradigm, Essner was Chief Financial Officer and a Partner of Trian Partners, a multi-billion dollar investment management firm. Since its launch in 2005, Essner oversaw, among other things, Trian’s finance, accounting, tax and
Glue42, a fintech providing intelligent desktop solutions for financial institutions, is helping a major hedge fund build its next generation trading platform.
Essentia Analytics (Essentia), a provider of behavioural data analytics and consulting for professional investors, has added Martin Fincham to its Board of Directors effective immediately. Fincham joins the Essentia board with more than 30 years of experience in the technology industry as an entrepreneur, CEO, and advisor to tech companies.
Fincham currently serves on the boards of multiple B2B SaaS companies, including SHE Software, EyeQuant, Veeqo, Wazoku and BlackCurve, and is the co-founder of scale-up advisory The Gorilla Factory. As a board member, Fincham has experience advising early stage and companies on the most effective go-to-market strategy, and has particular expertise
Alternative investment manager FS Investments (FS) has closed its previously announced acquisition of Chiron Investment Management (Chiron).“By adding the Chiron funds and team to the FS platform, we are better able to serve our clients with a broader set of solutions and expanded distribution,” says Michael Forman, Chairman and Chief Executive Officer of FS Investments. “Our complementary investment approaches also position us to be a leader in developing model portfolios that combine traditional and alternative strategies.”
Chiron is a global multi-asset investment boutique that employs an active investment approach rooted in quantitative analytics and fundamental research. Chiron manages three funds
Custodial wallet specialist Trustology, has launched a new solution for traders and crypto funds, an Exchange Credentials Wallet. This all-in-one solution, now available in Trustology’s TrustVault platform, provides advanced controls for managing on-exchange assets to help meet emerging investor and regulatory demands on Funds who are expected to secure assets both on-chain, as well as on-exchange. Funds tend to have a lot of liquidity sitting on exchanges rather than on-chain, off-exchange. This is where an exchange credentials wallet is important.
Custom-built by technical experts in cryptography, finance, and security, Trustology’s Exchange Credentials Wallet provides advanced controls across API and TOTP secret
