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The State Street Global Investor Confidence Index decreased to 75.9 in August, down 8.7 points from July’s revised reading of 84.6.
Investor confidence across all regions weakened, with the North American ICI decreasing from 80.3 to 72.5, the European ICI dropped from 98.6 to 89.0, and the Asian ICI fell from 91.8 to 89.2.
The Investor Confidence Index was developed by Kenneth Froot (pictured) and Paul O’Connell at State Street Associates, State Street Global Markets’ research and advisory services business. It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.
Empaxis has selected InvestCloud to launch a new Turnkey Asset Management Platform, TAMP1, which has been designed to provide complete outsourcing of all operations for small- to medium-sized investment managers.
Due to increased competition and even greater fee compression, smaller asset managers and advisory practices are increasingly looking to cut back on operational costs, while still increasing the quality of service. Within the industry, TAMPs provide a fully-outsourced solution that take away operational burdens and alleviate costs associated with hosting and data centre fees, allowing managers to focus on delivering value-add services and increasing their bottom line.
Through this
The Pure Gold Company has seen a 632 per cent increase in people purchasing physical gold bars and coins over the last week, compared to the weekly average for 2019.
The firm says buyers are racing to secure the precious metal because they fear the combined effects of a possible no deal Brexit and the ongoing trade war between China and USA will lead to a global crisis.
Josh Saul, CEO of the gold investment firm, says: “Boris Johnson shutting down parliament has shattered any real hope that the country could leave with a deal and has fragmented UK politics
Omnia Markets, a one-stop platform aiming up to provide cryptocurrency-based data, proprietary and non-proprietary analytics, and market information and trends, has appointed JT Kostman, PhD to its advisory board.
Dr Kostman is a specialist in the near-term impact of AI and Frontier technologies. His career boasts serving as Chief Data Officer for Time Inc. and Chief Data Scientist for Samsung. He has served as a go-to expert for organisations including The National Association of Corporate Directors, The Chicago Council on Global Affairs, US Government Agencies and dozens of others.
“This is a milestone win for the Omnia team,” says Mitesh
The Securities and Exchange Commission has charged a Pennsylvania investment adviser with operating an investment advisory fraud involving over USD100 million in investments. The SEC also obtained an emergency asset freeze.
The SEC’s complaint alleges that Brenda Smith, and her fund Broad Reach Capital, LP, raised approximately USD105 million from approximately 40 investors by representing that she would invest their money in publicly traded securities through various trading strategies that she championed as providing consistent high returns. However, Smith made very few investments in these trading strategies, and instead largely used investors’ money to repay other investors and for her own personal investments. The complaint alleges
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
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