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DASH Financial Technologies, a capital markets technology and execution specialist, has appointed Steven Bonanno as Chief Information Officer.
Reporting directly to CEO Peter Maragos, Bonanno will be responsible for DASH’s IT infrastructure and technology platform operations.
Bonanno brings over 25 years’ experience working in the equities trading technology industry. He joins DASH from Bloomberg, where he served as Global Head of Risk Operations at the firm’s Tradebook agency brokerage business. He also served as the Global Head of Alliance Support, leading several key projects involving the transition of Tradebook from an executing agency broker model to that of a fintech
Stableton, a European platform for alternative investments, has hired Ethan B Schaerer to lead the firm’s strategic business development, sales and marketing initiatives into the next growth stage. On 1 January 2020, Schaerer will assume the position of Managing Partner alongside Stableton’s co-founders Andreas Bezner (CEO) and Konstantin Heiermann (CFO).
The 16-year financial industry veteran joins Stableton from Greentech Capital Advisors. At Greentech Capital (merger with Nomura announced), Schaerer worked closely with its founder, a former Joint Global Head of Investment Banking at UBS, to create the largest global advisory firm that focuses exclusively on sustainable infrastructure, technology, and impact investments.
“Client services could be a key focal point going forward for how fund managers might stand out from the crowd and remain relevant,” says Ross Ellis (pictured), Vice President and Managing Director of the Knowledge Partnership in the Investment Manager Services division at SEI, when discussing the third of five trends in SEI’s latest white paper, Evolution in Asset Management.
A recent white paper I read from Willis Towers Watson (Willis) suggests that the level of alpha and the volatility of alpha are at their lowest levels. The paper – Hedge Funds: A New Way – ultimately goes on to make a positive case for why hedge funds remain integral to investors’ portfolios but it is interesting to think, for a moment, as to why alpha levels are so low.
Assured Guaranty Corp (AGC), a subsidiary of Assured Guaranty, has appointed Steven Kahn as Senior Managing Director, Structured Finance.
The Eurekahedge Hedge Fund Index was up 0.90 per cent in November, supported by the market’s optimism towards the progress of the US-China trade talks, according to the December 2019 Eurekahedge Report.
The underlying equity market as represented by the MSCI ACWI (Local) gained 2.76 per cent over the same period. US equity markets recorded new all-time highs during the month, as a result of the strong corporate earnings combined with the positive geopolitical development. European equities also pushed higher as Germany narrowly avoided recession, defying market expectations. The CAC40 and DAX gained 3.06 per cent and 2.87 per cent
SteelEye, a compliance technology and data analytics firm, has launched Insights, a new solution for enhanced analytics.
Insights transforms how firms interact with and use their financial and regulatory information by allowing them to easily bring together data, build insightful visualisations and export any report for continued analysis.
SteelEye was formed to help firms realise the benefits that can be gained from the regulatory requirement for record keeping. Over the past two years, SteelEye has helped clients bring together and store a vast amount of data for effortless compliance with MiFID II, MAR, EMIR, Dodd-Frank and other global regulations. With
Flat World Partners (Flat World), an institutional advisory and asset management firm 100% focused on sustainable investments, has partnered with hedge fund solutions business Titan Advisors, aimed at filling an ESG gap in the hedge fund market.
The duo plans to build solutions that accelerate the flow of capital toward high-quality managers who effectively and transparently integrate ESG principles into their investment research process and exhibit strong values as a firm.
“We’re thrilled to team with Titan Advisors and collaborate on solutions designed to move the hedge fund industry forward”
“We’re thrilled to team with Titan Advisors and collaborate on
The Nomura Global Dynamic Bond Fund, managed by Richard “Dickie” Hodges has reached the USD1 billion mark, having delivered 16.8 per cent YTD.
Launched in 2015, the investment objective of the Fund is to provide a combination of income and growth through investing across the fixed income markets.
Hodges, Head of Total Return Fixed Income, says: “This is a very important milestone for our fixed income team and I am appreciative for the huge levels of investor support during these uncertain times. We are proud of how we have managed to navigate market conditions dominated by low interest rates,
State Street Corporation has launched a new digital asset pilot in collaboration with Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian.
The pilot builds on ongoing research and development in the digital asset space to combine Gemini Custody with State Street’s back office reporting.
The first of its kind, this pilot performs reporting scenarios on a user’s holdings within Gemini Custody. Initially, the pilot reports holdings of two cryptocurrencies chosen for liquidity reasons. However, it can be adapted to report on holdings of other digital assets, such as security tokens. It allows the user to consolidate the reporting of their
