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Carbon Cap Management, a London based environmental asset management firm has launched the World Carbon Fund, a globally diversified fund investing into multiple liquid and regulated carbon markets. The Fund pursues an absolute return strategy, seeking to deliver positive returns with a low correlation to traditional and alternative asset classes as well as a direct impact on climate change. The fund will invest into and trade liquid carbon allowance certificates, carbon futures and carbon options.
Carbon Cap has conducted proprietary research into carbon markets including a research paper “The Carbon Risk Premium” which analyses carbon as a liquid and investable asset
The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, has announced the 2020 industry consultation timeline, bringing publication of annual user fees forward and moving to a single in-depth consultation.User fees will now be published in October, rather than December of each year, in response to industry’s request to bring the annual fee publication date forward. This enhancement is supported by the revised consultation approach, which in turn
Tether Gold, a digital asset providing exposure to physical gold (XAU), has had a huge uptake in demand to become the biggest gold-backed token amid turbulent global financial markets.Tether Gold, which now has a market capitalisation of more than USD21 million, has surpassed its nearest rival PAX Gold, providing investors with the easiest way to own and trade physical gold within a growing digital asset ecosystem.
“Tether Gold has had a really great start,” says Paolo Ardoino, CTO at Tether. “But I believe that this is nothing in comparison to the potential of this new asset, especially in the
Grant Thornton Ireland has selected Fund Recs to provide reconciliation and data transformation software solutions for its Financial Services Audit business.
SmartStream Technologies and Luxoft have formed a global alliance to help financial institutions digitally transform the entire post-trade lifecycle, enabling more efficient, streamlined and cost-effective middle- and back-office operations.
JP Morgan Alternative Asset Management is rolling out a new long/short ESG-focused hedge fund strategy, which aims to generate alpha by trading a range of global sustainability themes – but warns that more work is needed on ESG education within the hedge fund industry.
Duet Group, a global investment holding company, has implemented LiquidityBook’s SaaS-based LBX Buy Side as its POEMS (portfolio, order and execution management system).LiquidityBook’s platform provides a full range of order, execution and portfolio management capabilities, including real-time performance, full historical P&L, risk management, compliance and reporting. The cloud-based technology can be tailored to meet clients’ individual needs and offers tremendous cost savings, which were key considerations for Duet.
Duet recently announced the acquisition of two wealth management advisors, effectively adding two additional offices to its existing locations in Hong Kong, London and New York. Thus, the firm needed a solution
A risk-based approach to governance and compliance can help financial services firms implement a holistic view of their processes and procedures while ensuring high levels of trade surveillance and monitoring.
“We believe the goal is to get away from siloed surveillance processes,” says Michael Lehman, Partner at ACA Compliance Group and product manager for ACA’s trade surveillance technology solution. “To do that, firms should take a risk-based approach to all their trade and communication analysis.”
ACA Compliance Group (ACA) is a global provider of governance, risk, and compliance advisory services and technology solutions. Its clients include investment advisers, private fund
By Don Steinbrugge, Agecroft Partners – Equity markets around the world sold off last week because of uncertainty relative the Coronavirus’ impact on the global economy and corporate profits. No one knows how bad the economic impact might be, but the worst case scenario or potential “tail risk” is truly frightening relative to loss of life, contraction in global GDP and implosion in the financial markets.
One thing we are confident in is that globally coordinated monetary stimulus will not be very effective in preventing an economic meltdown due to preventative measures in reducing the spread of the virus.
The
Austin-based Eventus Systems, a global trade surveillance and market risk software platform provider, has appointed two executives to key new roles at the firm. Eric Einfalt has joined as Chief Strategy Officer, and David Mitchell as Regional Sales Executive, North America. Together, they bring more than 45 years of financial services and markets experience.
Both based in Chicago, Einfalt reports to Eventus CEO Travis Schwab, and Mitchell reports to Scott Schroeder, Managing Director and Global Head of Sales.
The firm announced last month the completion of a USD10.5 million Series A funding round to enable Eventus to grow its
