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European global insights platform, Atheneum, has appointed David Adams as Chief Technology Office (CTO).
Bringing over 30 years of experience, Adams will support Atheneum’s technology-enabled Research-as-a-Service (RaaS) model to provide faster insights and better data to its clients.
Based in the company’s London office, Adams will play a key role in developing Atheneum’s Global Insights Platform, utilising machine learning that will underpin the system to support the organisation’s plan to grow in excess of 50 per cent year-on-year to 2025.
Atheneum provides a gateway to reliable industry knowledge, sought after by renowned investment firms, leading global corporations and well-known professional
Fintech specialist Avaloq has appointed Imad Abou Haidar as the firm’s new Head of Asia. Haidar joins from London-headquartered software firm Finastra, where he was Managing Director for the Asia-Pacific region based in Singapore.
Haidar who will take up his new role in October, had worked at Finastra since 2016 as Managing Director for the Asia-Pacific region. At Finastra, he led the transformation of the firm’s regional strategy and portfolio growth initiatives in both established and emerging markets. Imad is known for building long-term, value-adding relationships with clients and industry partners, and is a passionate client advocate. His previous roles
CMC Markets, a spread betting and contracts for difference (CFD) provider, is now offering its customers three new commodity indices: the Energy Index, Agricultural Index and Precious Metals Index.
This gives clients the opportunity to invest in multiple raw materials simultaneously and cost efficiently, with just one transaction. It can also reduce the volatility risk of the individual commodities. Please remember, spread bets and CFDs are complex products and come with a risk of losing money rapidly due to leverage.
Simon Campbell, Group Head of Trading, says: “Gold and oil in particular have moved more and more into traders’ focus
Cryptocurrency exchange bitFlyer is adding Ethereum (ETH) to its Buy/Sell trading platform. From today, bitFlyer Buy/Sell users across Europe and the US can send and receive ETH while ensuring they adhere to the same robust regulatory standards as bitFlyer guarantees for Bitcoin (BTC) transactions.
Andy Bryant, Co-head and COO, bitFlyer Europe, says: “At bitFlyer, we want to offer not just the most popular coins, but the most respected ones too, which makes ETH a logical choice to expand our service offering. Not only has ETH proved itself as a useful altcoin, particularly in relation to smart contracts, it has an
Athena is aiming to eliminate the possibility of manual mistakes in the calculation of investors fund performance as well as the calculation of complex management and incentive fee structures by adding partnership accounting and CRM features to its Spark Platform for Hedge Funds, SMAs and Family Offices.
Ross Grant, Senior Account Manager at Athena, says: “It’s almost 2020 and most hedge funds and family offices are still managing share class subscriptions and calculating share class management and incentive fees on an Excel spreadsheet.
“Athena’s ability to automate this process and seamlessly integrate results into performance and accounting modules not only
PenderFund Capital Management (Pender) is to acquire the investment fund management contracts for five investment funds managed by Vertex One – the Vertex Value Fund, Vertex Enhanced Income Fund and Vertex Growth Fund, which are offered publicly pursuant to a simplified prospectus, and the Vertex Fund and Vertex Managed Value Portfolio, which are offered privately to prospectus exemptions.
Upon completion, and subject to receipt of all regulatory and unitholder approvals, Pender will become the investment fund manager and portfolio manager of the Vertex Funds. The Transaction is expected to close in the fourth quarter of 2019, subject to customary closing
A survey of 50 global service providers and hedge funds, conducted by fintech automation platform Truss Edge, found that nearly a third of respondents (62.5 per cent) said they felt hedge fund managers were not dedicated enough of their budget to trading and data management activities.
The Truss Edge survey revealed that investment in IT has become quite the challenge for new market entrants, with more than 20 per cent of respondents saying that IT spend had become a cost which could potentially threaten the success of a business. A further 35 per cent said that they now considered IT
Hedge funds were unable to build on the previous month’s inflows in June with the industry moving back into net redemption territory with USD12.2 billion in outflows for the month.
June redemptions, which represented 0.4 per cent of industry assets, were a reversal from May’s USD800 million in hedge fund industry inflows, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
The ongoing US-China trade war which began to manifest itself in signs of slowing industrial and consumer demand in the US and China, falling oil prices and an equity market plunge this spring
Investors withdrew another USD8.42 billion from the global hedge fund industry in July, according to the July 2019 eVestment Hedge Fund Asset Flows Report. But strong performance in the industry continues to boost overall industry assets under management (AUM), which stood at USD3.303 trillion last month.
Hedge funds have generally been in the green this year, with overall industry performance standing at +7.37 per cent year-to-date, according to eVestment hedge fund performance data. But many investors still may be stinging from the overall industry performance of -5.08 per cent in 2018, causing the industry to suffer from asset outflows based
Chainalysis, a blockchain analysis company, has launched suspicious cryptocurrency transaction alerts in Chainalysis Know Your Transaction (KYT), its real-time anti-money laundering (AML) compliance solution for monitoring cryptocurrency transactions.
The alerts are available across 15 cryptocurrencies.
Chainalysis KYT alerts are designed to help cryptocurrency businesses and financial institutions mitigate exposure to regulatory and reputational risk by helping compliance teams focus on the most urgent activity and enforce compliance policies while better allocating resources.
“As lawmakers and regulators focus their attention on the industry, it is more critical than ever that cryptocurrency businesses demonstrate compliance best practices,” says John Dempsey, VP Product,
