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Income manager Blake Hutchins is joining Troy Asset management’s (Troy) UK Equity Income team in October.
At Troy, Hutchins will work alongside Francis Brooke and Hugo Ure on the Trojan Income Fund, Troy Income & Growth Trust, Trojan Ethical Income Fund and various other mandates. On his arrival Blake Hutchins and Hugo Ure will become co-managers of the Trojan Income Fund, alongside Francis Brooke.
Hutchins joins Troy from Investec Asset Management where he was the lead manager responsible for the Investec UK Equity Income Fund, launched in 2015 and co-manager of the Investec Global Quality Equity Income Fund. Prior to
Intertrust, a provide of tech-enabled corporate and fund solutions to clients operating and investing in the international business environment, has expanded its services in the United States.
Clients with US domiciled legal entities and affiliated transactions now benefit from Intertrust’s local Funds and Capital Markets services, led by former BlackRock Director, Deirdre Hochman, and an expanded team of experts. The Funds and Capital Markets team in the US spans time-zones providing clients with extensive knowledge of local and global services.
The expansion leverages Funds Services technology adopted through Intertrust’s recent acquisition of Viteos, as well as new proprietary software
Hedge funds around the world generally continued delivering positive returns in July, starting off the second half of 2019 in the green with aggregate industry performance at +0.73 per cent, according to the latest eVestment hedge fund performance figures.
July’s results bring year-to-date (YTD) aggregate performance to +7.67 per cent.
Managed Futures funds were among the performance leaders in July, returning an average of +2.29 per cent in July, with YTD performance hitting +8.60 per cent. The 10 largest funds in the Managed Futures group performed even better, returning +4.62 per cent in July and +12.24 per cent YTD.
Sprott Asset Management (SAM) is to acquire Tocqueville Asset Management’s gold strategy asset management business, with Tocqueville gold investment team comprised of Senior Portfolio Manager John Hathaway and Portfolio Managers Douglas Groh and Ryan McIntyre will join Sprott Asset Management on closing.
“We are pleased to be acquiring Tocqueville’s gold strategy asset management business,” says Whitney George, President of Sprott. “John Hathaway and his team are among the world’s most respected gold equities managers and we have enjoyed an excellent working relationship during the planning and launch of our joint venture over the past year. This transaction is a natural
Prime Trust, a crypto qualified custodian and trust company, has become the first US-based Qualified Custodian to partner with Fireblocks, a secure transfer platform for digital assets.
In the last eighteen months, over USD3 billion of digital assets disappeared from various institutions due to exchange hacks, insider fraud, and human error.
Fireblocks’ technology provides a “secure highway” for crypto that eliminates the theft of private keys or compromise of credential/API keys and deposit addresses. The firm uses multiparty computation (MPC) and patent-pending chip isolation technology (SGX) to secure digital asset transactions from potential hacks and human error. As the first
Electronic marketplace operator Tradeweb has reported a new quarterly record for average daily volume (ADV) of USD753.8 billion, representing an increase of 39.6 per cent.
The company also saw new quarterly records for ADV in interest rate swaps and mortgages and US high-grade credit which accounted for 12.4 per cent of TRACE volume.
Gross revenue increased 11.4 per cent (13.2 per cent on a constant currency basis) to a record USD190.5 million for the second quarter of 2019 from USD171.0 million for the second quarter of 2018. Net income decreased to USD24.8 million for the second quarter of 2019 from
Axioma, a provider of enterprise risk management, portfolio management and regulatory reporting solutions, has added a new United Kingdom equity risk model (AXUK4) to its next-generation Equity Factor Risk Model suite.
The release builds on the existing risk models, offering enhanced country-specific content to meet the risk-management needs of investors.
The new AXUK4 model delivers risk insights on over 6,000 United Kingdom-listed securities, including REITs and ETFs. The updated model incorporates deep daily history, with coverage starting in 1997 to enable portfolio construction and back testing, transparent attribution, and hedging.
“Axioma’s new United Kingdom equity risk model is an exceptional
Pictet Asset Management has added a new fixed income strategy to its USD10 billion actively managed total return franchise – the Pictet TR-Sirius fund. The strategy employed by Sirius is liquid global macro emerging market (EM) long-short fixed income.
Pictet TR-Sirius invests in a wide range of EM sovereign bonds, interest rates and currencies, with the aim of generating alpha in all market conditions. It intends to minimise directional bias to beta or carry and avoid downside risk. The fund has no benchmark constraints and aims to exceed the LIBOR overnight rate by 6-8 per cent gross return, with an
In a new study of the nation’s largest SEC-registered hedge fund advisers, data reveals that advisers are taking a conservative, long-term approach to their business decisions, regardless of asset declines experienced by many from 2017 to 2018.
The study confirms the notion that larger advisers are generally much more institutionalised in their approach, and have built their businesses to withstand short-term marketplace cyclicality. The Seward & Kissel 2017/2018 Form ADV Study is a first-of-its-kind report from the law firm to the hedge fund industry, which regularly uses data analysis to extract insights into the state of the hedge fund marketplace. The full Study,
Vela, an independent provider of trading and market access technology for global multi-asset electronic trading, has added the IMC Electronic Liquidity Providing (ELP) Systematic Internaliser (SI) to its growing list of global SMDS feed handler coverage.
Vela’s software-based feed handling solution, SMDS, provides ultra-low latency, high performance, normalised access with global coverage and support for all major asset classes. Forming part of a wider MiFID II offering, Vela has onboarded a range of Systematic Internalisers helping clients to consolidate all types of disparate liquidity across Europe. The offering can also be fully managed via Vela’s Ticker Plant Appliance.
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