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Laven Group, a provider of regulatory compliance solutions and risk and due diligence services, has appointed Brad Stephenson as Chief Operating Officer (COO).
Stephenson’s has extensive experience in the funds world, most recently as Head of Funds at Estera, and previously at Trident Trust.
At Estera, Brad oversaw the firm’s Cayman fund offering. This included fund directorships and related fiduciary services to Cayman corporate structures. Prior to this he accumulated over 10 years’ experience in the Cayman funds industry as a business development manager and has significant skills in the day-to-day management of funds in markets including the UK, US,
Amun AG, a Swiss fintech aiming to facilitate access to crypto-asset investments, has launched the Amun Bitwise Select 10 large cap crypto ETP (exchange traded product) on the SIX Swiss Exchange.
The ETP is based on the Bitwise 10 Select Large Cap Crypto Index.
Hany Rashwan, Amun Co-Founder and CEO, says: “Of all the existing crypto products currently listed globally, the Amun Bitwise Select 10 ETP is uniquely the most diversified listed crypto product.”
Matt Hougan, Global Head of Research for Bitwise Asset Management, adds: “We are thrilled to be working with Amun to help investors gain diversified exposure to
The United States dominates the PE marketplace when it comes to size of AUM size. It is estimated that the top 300 global PE managers manage USD1.5 trillion in assets, of which US-based managers account for USD1 trillion; this compares to USD177 billion among UK-based managers.
By Don A Steinbrugge, Agecroft Partners – The Chartered Financial Analyst Institute (CFA), one of the most important organizations in the investment industry, is expected to announce performance presentation standards for the hedge fund industry sometime later this year. Currently, they are formulating their recommendations and we applaud their efforts.
Ideally, these standards should benefit hedge fund managers by leveling the playing field on which they compete, as well as investors, by providing consistent information that will enhance their investment decision making process. It is extremely important that the CFA Institute achieves both objectives in order to have broad adoption across the industry.
Outsourced trading firm Dalzell Trading has added John Stefanelli to its Equity Trading Desk based in the company’s Philadelphia office.
“We are pleased to have John on our team. Our clients will benefit greatly from John’s extensive buy-side trading experience and breadth of knowledge,” says CEO and Founder Dave Dalzell. “John’s hiring fits our business strategy of building a team comprised of the most qualified and experienced traders as we continue to grow our business.”
Stefanelli was a former Director of Trading at Blackrock where he spent 17 years trading US and Global Equities. His experience includes trading small, mid
Entoro Capital (Entoro) has launched a low cost, performance-based energy asset sales platform for the sale of upstream assets and minerals.
The new service, Entoro A&D Xpress, will broker energy assets through a global distribution network on Entoro’s proprietary securities platform, OfferBoard. A&D Xpress will offer three levels of service with a focus towards negotiated-by-seller transactions for the lowest cost to sellers.
The primary targets for A&D Xpress are A&D projects between USD10-USD100 million and minerals transactions above USD100,000. Depending on the level of service, sellers can select from self-directed to full service.
“In this cost-conscious market, we will offer our distribution
BTON Financial, an independent outsourced dealing desk for asset managers, has appointed two Non-Executive Directors. Electronic trading experts Brian Schwieger, current Global Head of Equities at London Stock Exchange Group (LSEG) and Tony Walker, former Managing Director of EMEA Execution Services at Merrill Lynch, have joined BTON Financial in an advisory capacity.
Schwieger and Walker will help shape the direction of the company and focus on delivering on BTON Financial’s mission to support mid-tier asset managers in taking advantage of the emerging liquidity and execution opportunities while also ensuring regulatory compliance.
By using BTON Financial’s outsourced dealing desk, smaller asset
Chainalysis, a blockchain analysis company, has appointed Michael Mosier as Chief Technical Counsel.
Mosier joins Chainalysis after serving for over a decade in various government positions, including the Department of Justice (DOJ), Office of Foreign Assets Control (OFAC), the White House National Security Council, and most recently, the US Treasury’s Financial Crimes Enforcement Network (FinCEN). Alongside former US Department of Treasury and Refinitiv executives based in Washington, DC at Chainalysis, Mosier will be responsible for bringing legal expertise to Chainalysis products, including data privacy and global anti-money laundering (AML), sanctions, policy, and government matters.
Mosier served as Chief of Strategic
Global investors pulled another USD3.78 billion from hedge funds in May, according to the May 2019 eVestment Hedge Fund Asset Flows Report. However, despite the overall negative industry flows, many funds have been successfully able to raise new assets in 2019.
This includes funds in categories which are seeing the most negative outflows. This highlights the importance, firstly, of strong performance, but secondly the roles of marketing and sales within hedge funds, and the ability to find and exploit demand for funds in even some of the most challenging segments.
May’s results bring year to date (YTD) flows to
Vanguard has launched the Vanguard Commodity Strategy Fund (VCMDX) for investors seeking low-cost exposure to the commodities market.
The fund will be offered in Admiral Shares, with an estimated expense ratio of 0.20per cent, which is one-sixth the 1.24per cent average expense ratio of competing broad-based commodity-linked funds.
Vanguard Commodity Strategy Fund employs an actively managed approach and seeks to offer diversification to a traditional stock/bond portfolio and a hedge against inflation by investing in a mix of Treasury bills (T-bills) and short-term treasury inflation-protected securities (TIPS). The fund’s objective is to seek to provide broad commodities exposure and
