Latest News
UK fund providers will have until 15 September 2019 to submit a ‘Brexit licence’ to the Luxembourg regulator to continue trading in the Grand Duchy.
The Commission de Surveillance du Secteur Financier (CSSF) is warning that unless firms submit a notification to them by that date, they will be considered as ‘third-country entities’. This would result in a loss of passporting rights and sanctions, should they continue to pursue regulated activities in Luxembourg following a no-deal Brexit.
All UK firms authorised under The Capital Requirements Directive (CRD), Markets in Financial Instruments Directive (MiFID II), Payment Services Directive (PSD2), or
Tether, the USD pegged Stablecoin (USDT), can now also be used to subscribe on BitSpread’s BlockBerry.com an online crypto wealth management and trading platform run by the BitSPread Group.
BlockBerry Wealth Management provides access to cryptocurrency investment strategies for sophisticated investors such as institutions, family offices, wealth managers and high net worth individuals. BlockBerry Trading is a tiered service platform that provides users with professional quality cryptocurrency trading services such as ready-to-trade and bespoke algorithms, click-through trading and option pricing.
Giancarlo Devasini, CFO of BitFinex, says: “We are excited BitSpread has made the decision to accept Tether as payment
Dynamic Funds has launched its fourth liquid alternative offering – Dynamic Credit Absolute Return II Fund – a credit-driven solution that is managed using investment strategies beyond the reach of a traditional mutual fund.
“We are pleased our liquid alternative line-up has been so well received – our liquid alternatives are a natural evolution for us, as Dynamic has a long history of providing both traditional mutual funds and hedge funds to Canadian investors,” says Neal Kerr, President & CEO, Dynamic Funds.
This latest Fund extends the recently launched suite of liquid alternatives, which include: Dynamic Alpha Performance II
TigerRisk Partners, a risk, capital and strategic advisor to the global insurance and reinsurance industries, thas appointed James Few to become CEO of its London office. He will report to Rob Bredahl, President and COO.
“James Few is a proven leader within the reinsurance industry,” says Bredahl. “He played a key role in the development of Aspen Re, created a range of innovative ILS structures, was chairman of the RAA… the list goes on. In short, he is at the cutting edge of modern risk transfer and is ideally qualified to help grow TigerRisk into the industry’s leading broker/advisor.”
The European Energy Exchange (EEX) intends to merge Powernext activities into EEX on 1 January 2020, subject to the required approvals.
Through the integration of Powernext into EEX, the exchange will offer all products at one single market place while simplifying the admissions of new participants. Members will be able to easily trade a larger EEX portfolio including natural gas, power and emission allowances.
As a result, customers will gain access to increased trading opportunities and a growing liquidity pool, while continuing to benefit from cross margining effects as ECC will remain the central counterparty for clearing transactions. At
CloudMargin, creator of a collateral and margin management solution native to the cloud, has appointed Karl Wyborn to the new role of Global Head of Business Development, effective immediately.
Wyborn (pictured), a Managing Director and 24-year veteran of financial services with numerous senior roles in collateral management, has served as CloudMargin’s Global Head of Sales for nearly four years. He will continue to report to Stuart Connolly, CloudMargin CEO, based in the London headquarters.
In the new role, Wyborn assumes responsibility for driving the firm’s new business development strategies to support revenue growth opportunities, and for engaging with partners,
Leaseweb, a provider of cloud hosting services, has selected the maincubes AMS01 data centre as a strategic location for further expanding its Amsterdam data centre presence.
Meeting Leaseweb’s standards with regard to energy-efficiency, compliance and high-redundancy, maincubes AMS01 offers Leaseweb wholesale space with ample growth perspective to scale its server and network infrastructure in Amsterdam.
As an Infrastructure as a Service provider, Leaseweb currently operates 20 data centres at locations across Europe, Asia, Australia, and North America. After announcing the opening of a new data centre facility in Miami earlier this year to expand its hosting potential in the
Saxo Markets UK Ltd, the UK subsidiary of Saxo Bank A/S, has appointed Charlie White-Thomson as a non-executive director.
White-Thomson brings more than 20 years of experience in financial services, including both developed and emerging equity markets. Having served in several senior management positions, he has a proven track-record of navigating through changing and competitive markets with a clear focus on scaling business models, while improving client experiences.
Andrew Edwards, CEO, Saxo Markets UK, says: “We are pleased to welcome Charlie to the board of Saxo Markets UK. He is a highly accomplished senior executive and will further strengthen
Fulcrum Asset Management (Fulcrum) has appointed Panos Dafas as Research Director in the firm’s quant and systematic team.
Dafas has more than 15 years’ experience, gained from Aspect Capital, where he was Principal Researcher and Portfolio Manager of the Absolute Return Programme with responsibility for the ongoing development of Aspect’s managed futures and alternative risk premia quantitative investment strategies.
At Fulcrum he will be at the forefront of developing the next generation of products, not only in the pure systematic arena but also in the hybrid space, combining discretionary and systematic strategies.
Andrew Stevens, CEO, Fulcrum Asset Management,
Active investment manager Allianz Global Investors (AllianzGI) has launched the Allianz US Micro Cap Equity Fund, which will be available as an OEIC (Open Ended Investment Company).
The fund aims to provide UK investors with access to US micro-cap equities which, as an asset class, have a strong performance history. The asset class’s strong total return can be explained by inefficient information flow, lack of institutional investor presence, and significant company level growth opportunities.
The fund’s objective is long-term capital appreciation, achieved by investing in companies undergoing positive fundamental change. Specifically, these are transformative company initiatives or industry growth
