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DG Partners, the London-based investment management firm with approximately USD1.4 billion in assets under management, has appointed Richard Blake as Head of Marketing to develop its client business across markets globally outside of North America.DG Partners was established in 2002 by David Gorton, and pursues discretionary global macro, systematic trend following and systematic equity market neutral strategies. Across the firm, there is a focus on fixed-income, futures and FX markets with a strong emphasis on liquidity, risk control, investor transparency and research combined with real world trading experience.
Blake will also act as Head of Marketing of BH-DG Systematic
Sky Seal Capital has launched Phoenix Lending, a platform that allows users to deposit digital asset and earn interest.Phoenix Lending has been rolling out its offering in several phases introducing products with different annualised interest rates. The minimum deposit is USD100, and users can terminate the product at any time. Currently, the target currencies are Bitcoin (BTC) and Tether (USDT). The interest payoff date is at the end of every month starting from March.
The management team of Sky Seal Capital employs AI strategy combination module which integrates more than 90 types of diverse technologies, including dynamic management mechanism for
Crystal Capital the operator of an alternative investment platforms for financial advisors and their qualified purchaser (QP) investors offering access to hedge fund and private equity investments, has reported 93 per cent growth in new Advisory relationships since January 2019.
Read the full story at Wealth Advisor…
First Digital Trust (FDT), the digital asset spin-off from Legacy Trust, is in the testing phase of Asia’s first instant Rapid Settlement and Clearing Network (RSCN) that will transform the way digital assets are owned, traded and invested in. “By utilising the immediate settlement network, trust is instant, and immortal. You can keep accurate, private and trustworthy records and trace all activity within the ecosystem. This is advantageous and profitable as people can hold their investments and assets for generations,” says Gunnar Jaerv, COO of FDT.
Set to launch in May, the innovative settlement network will enable safe and efficient settlement
Equity markets have merely sneezed in response to the coronavirus (Covid-19) and while there is uncertainty over how much fear has been priced in, as infection numbers continue to rise, hedge funds have navigated developments with discipline and a modest reduction in net long exposure. For now, rather than trying to react to short-term moves, managers are taking a prosaic stance.
US assets continue to draw international flows, predominantly from Japan, but the level of support may not be sustainable to keep the dollar strong, according to new research by contrarian hedge fund Horseman Capital.
In a note this week, Russell Clark, who leads the long-running London-based global equities hedge fund firm, observed how US Net International Investment Position (NIIP) as a percentage of GDP is now close to 50 per cent of GDP deficit, while private sector deficits in China and Europe are close to zero – implying “almost all flows” from Japan are heading to the US.
Clark –
Fitch Ratings views the recent Notice of Proposed Rulemaking (NPR) issued by regulators to amend the Volcker Rule and relax limits on certain private equity (PE) and hedge fund investments, known as “covered funds” as indicative of loosening regulation and recalibration of post-crisis regulatory rules. While alternative investments can potentially deliver uncorrelated performance and superior long-term returns, they can also exhibit short-term earnings/valuation volatility, offer limited interim liquidity and put capital at risk for larger, systemic banks, especially in times of economic stress or during a market downturn.
Fitch views robust regulation and capital requirements as supportive of credit ratings; therefore
Shubho Ghosh has joined hedge fund Opti Capital Management as a Managing Director focusing on technology sector investment and research in equities and convertible arbitrage. Ghosh is a tenured investor and has held the roles of Sector Head, TMT at Schonfeld Strategic Advisors and Senior Investment Analyst at Millennium Management – Catapult Capital.
Ghosh has also worked for Fred Alger and UBS during his Wall Street career.
Hazeltree, a provider of integrated treasury management and portfolio finance solutions, has expanded Hazeltree Collateral Manager to include Standard Initial Margin Model (SIMM) calculations in partnership with AcadiaSoft. This new partnership helps clients to meet their obligations under Phases 5 and 6 of the Uncleared Margin Rules (UMR).
Under the new rules, derivatives trading relationships become increasingly complex, requiring both sides of each transaction to calculate daily Initial Margin (IM). Calculating bilateral margin under SIMM requires sophisticated risk, sensitivities and market data inputs across all covered trading with each respective counterparty.
This initiative will provide the Hazeltree buy-side community with seamless
The Commodity Futures Trading Commission CFTC has filed a civil enforcement action charging Winston Reed Investments LLC (WRI) and its vice president and investment consultant, Mark N Pyatt a/k/a Daniel Randolph, a former North Carolina resident, with misappropriation of customer funds and fraudulent solicitation in connection with a commodity pool.The complaint alleges that from April 2017 through February 2019, WRI and Pyatt fraudulently solicited and received approximately USD200,000 from at least 19 pool participants in connection with pooled trades in commodity futures contracts and retail foreign exchange transactions, among other things.
As further alleged, WRI and Pyatt misappropriated most of
