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Napoleon AM has launched the Napoleon Bitcoin Fund, a Specialized Professional Fund under the French law, with daily liquidity, and one of the first regulated vehicles in the world offering exposure to the performance of Bitcoin, the main digital asset.
The fund aims to replicate the performance of Bitcoin via Futures listed on the Chicago Mercantile Exchange in cash settlement, thereby avoiding the problem of storing and valuing Bitcoin. It offers daily liquidity to investors and uses the services of Financière d’Uzès as Custodian and PwC as Auditor to meet client standards.
As the first digital asset, Napoleon AM says
After two straight down months, the managed futures industry reversed course in November posting a 0.40 per cent monthly return, according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, CTA funds posted a 5.04 per cent return through the end of November.
“Trend followers were rewarded as the equity market extended their rally for another month,” says Sol Waksman, president of BarclayHedge. “Energy markets were mixed; crude oil prices rose while natural gas lost. In the agriculture sector, coffee and wheat advanced but corn and soybeans declined.”
All but two CTA sectors were in positive territory for November. The
By Gregory Marose – As hedge funds across the globe continue to face fee compression and performance headwinds, there’s a compelling rationale for managers to open up the equity activism playbook. Fund managers with the right expertise and resources can act as their own catalyst for value creation while showing current investors and prospective allocators that they’re able to generate alpha in a differentiated manner. There are even some potential tailwinds for managers to capitalise on right now.
First, large institutions are increasingly comfortable putting capital into strategies that employ frequent or periodic equity activism. This comfort level may even rise
The Exchange Council of the European Energy Exchange (EEX) has confirmed the appointment of Dr Wolfgang von Rintelen to the Exchange Management Board of EEX.
Von Rintelen, who joins current Board Members Steffen Koehler and Tim Greenwood, replaces Dr Tobias Paulun who has resigned from the office as of 6 December 2019 to stronger focus on EEX’s global growth strategy in his function as Chief Strategy Officer of EEX AG.
Von Rintelen joined EEX AG in April 2005 as Director of Legal and Compliance. In December 2005 he was appointed as Head of Market Surveillance and has been an active
SteelEye, a compliance technology and data analytics firm, has taken the next step in its international expansion plan with the opening of a new office in Paris.
Since its inception in 2017, SteelEye has acquired over 40 clients across seven countries. This new office supports SteelEye’s rapid growth and positions the company closer to the regulated financial markets in France. The Paris location also brings SteelEye closer to the Benelux region, Switzerland and many of its existing clients.
SteelEye was developed to help reduce the cost and complexity of conforming to international regulation and has helped its global clientele successfully
High growth algorithmic trading company, Vanguard Capital AG, has appointed Ritabrata Bhattacharyya (Rito) to its Senior Management team.
Bhattacharyya brings with him 15 years of experiences as a professional quantitative trader, investment strategist and technologist. Having consulted leading global hedge funds in quantitative modelling and delta-neutral alpha-generation techniques, Bhattacharyya will play a key role in furthering the company’s vision to raise a new standard in trading financial markets using high growth algorithmic trading strategies and strong risk management.
Having earned a Master’s degree in Engineering and Computational Biology from the Indian Institute of Technology (IIT) Bombay, Bhattacharyya went on to
Guernsey Finance CEO, Dominic Wheatley (pictured), is to stand down from his role after five years. Wheatley will leave the promotional agency on the 30 June 2020, having been in the role since December 2014.
Chairman Lyndon Trott says: “The board is grateful to Dominic for his commitment and performance over the last five years. We move forward from a positive base with a strong team and strategy established, and on the back of very positive outcomes during 2019.
“I shall be focused on recruiting the very best successor to work with the board to set and deliver the
Crypto Asset Rating (CAR), the Independent Structured Rating Agency, has expanded its global team with the appointment of Jacob Prudhomme as Chief Legal Officer.
In this capacity, Prudhomme will oversee the company’s legal and regulatory affairs and will design a compliance program focused on safeguarding the independence and integrity of the CAR analytic process. Prudhomme was formerly Head of North American Compliance at S&P Global Ratings and a former Senior Counsel at the Securities and Exchange Commission, where he specialised in equities market structure and credit rating agency regulation. Most recently, he has been with Corcoran Regulatory Advisors, LLC providing regulatory advisory services to
iM Global Partner, an investment and development platform focused on acquiring strategic investments in traditional and alternative investment firms in the US, Europe and Asia, has appointed Peter Stockall to lead sales in the US Offshore and Latin America region.
Stockall, based in Miami, will spearhead the company’s business development efforts in this very important region within the Americas, and will offer US Offshore and Latin America investors access to a wide range of strategies managed by the outstanding partners of iM Global Partner, ranging from US equities to liquid alternative strategies. He will report to Jose Castellano, Deputy CEO and
Exchange Data International’s (EDI) Worldwide Corporate Actions (WCA) data and Security Reference Data (SRF) services are now available for purchase in AWS Data Exchange.
AWS Data Exchange is a new service that allows Amazon Web Services (AWS) customers to securely find, subscribe to, and use third-party data in the cloud. This allows potential retail customers access to EDI’s high quality reference data and corporate actions data via the cloud to help identify events that may impact their investment strategy for global equities.
“We are pleased to be part of the launch of AWS Data Exchange,” says Jonathan Bloch (pictured),
