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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
CMC Markets, a spread betting and contracts for difference (CFD) provider, is rolling out to its customers the ability to spread bet and trade CFDs on three new cryptocurrency indices.
The new indices are bespoke to CMC. Their creation and management in-house gives the company full control over composition and absolute transparency in terms of pricing. Each index is made up of a different range of ‘major’ and ‘emerging’ coins. Clients are able to gain economic exposure to a wide range of cryptocurrencies in a cost-effective manner, from a single transaction. Crypto index spreads will also typically be tighter than
JST Capital (JST), a financial services firm focused on solutions for digital assets has launched a full suite of offerings for nstitutional investors, blockchain companies, banks, and brokers in the digital assets ecosystem.
These offerings include over-the-counter (OTC) trading via a sophisticated GUI and FIX connection, risk management modelling, crypto optimisation strategies and consulting services.
JST Capital offers institutions a range of financial services intended to provide them seamless access to crypto markets. Clients can trade with JST using an innovative digital asset trading platform that provides transparent pricing and seamless execution. JST has also developed unique financial structures and risk
A new survey of alternative investment professionals has found that hedge fund and private equity executives alike predict moderate economic growth for the remainder of 2019.
Conducted on-site at EisnerAmper’s 4th Annual Alternative Investment Summit in New York, the survey polled 120 senior industry leaders from the hedge fund, private equity/venture capital (PE/VC), and institutional investor audience on their sentiment surrounding the industry and economy.
Executives were surveyed immediately following the conclusion of the Federal Open Markets Committee’s (FOMC) meeting on the afternoon of 19 June. Following the FOMC’s decision to leave interest rates unchanged, 45 per cent of
MackeyRMS, a provider of research management software, has secured a significant equity investment from Resurgens Technology Partners.
The partnership makes MackeyRMS the third FinTech investment in Resurgens’ USD200 million flagship private equity fund, and will enable the Company to accelerate investment in its market-leading software, expand its global presence and enhance the overall customer service experience.
MackeyRMS is a rapidly growing provider of SaaS-based research management software built for today’s modern buy-side investment firms, including global asset managers, asset owners, hedge funds, fund-of-funds and private equity funds. The platform unites existing workflows with disparate data sources to streamline research
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