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Puro – the world’s first marketplace to kick-start CO2 removal from the atmosphere – has been launched as an internal startup at clean energy provider Fortum.
Puro is an experiment by a group of 23 companies and is aimed at finding a way to verify, compare and trade CO2 removals. The companies joining the experiment across industry boundaries are Fortum, Tieto, Valio, St1, ÅF Pöyry, Compensate Foundation, Carbofex, Yara Suomi Oy, Lassila & Tikanoja, SOK, Orbix, Nordic Offset, Hedman Partners, South Pole, and SEB.
“To stop global warming, it is not enough to limit emissions; measures are also needed to
Swiss fintech company Stableton Financial has launched an alternative investments platform designed to cater to financial intermediaries who wish to make the benefits of alternative investments accessible to their clients.
Institutional-grade portfolios, tailored to a client’s specific requirements, start at portfolio sizes from CHF500,000. Single products are available at a minimum investment starting as low as CHF100.
The platform brings together investors, financial intermediaries, investment managers, service providers, and startups. Stableton’s launch partners have been predominantly Swiss-based. The Zug and Zurich based startup, however, has set its sights on growing within Europe, and ultimately becoming the leading marketplace for alternative
The Eurekahedge Hedge Fund Index gained 1.06 per cent in March, bringing its year-to-date return to 4.36 per cent – the strongest Q1 performance of the hedge fund industry since the global financial crisis.
Roughly half of the hedge fund managers tracked by Eurekahedge have recovered the losses they suffered last year.
The global hedge fund industry AUM has grown by USD22.7 billion as of March 2019 year-to-date. Redemption pressure eases as quarter-on-quarter investor flows from the hedge funds industry dropped by 65.9 per cent. Investors redeemed USD32.3 billion in Q1 2019, compared to USD94.7 billion in Q4 2018.
The
Managed futures remained in positive territory in March with a 1.65 per cent return for the month according to the Barclay CTA Index, compiled by BarclayHedge.
March’s CTA fund performance brought managed futures back into the black for the year, with a 1.48 per cent year-to-date return through the end of the month.
All of the sectors tracked by Barclay CTA Indices were positive for March and posted positive year-to-date returns through 31 March as well.
“Broad rallies in three of the four major trading sectors; equities, bonds, and currencies, provided a tide that lifted all ships,” says Sol Waksman,
March saw a 70 per cent increase in volume from crypto to crypto exchanges compared to February, while those that offer fiat pairs decreased 8 per cent, according to the latest Monthly Exchange Review from CryptoCompare.
The review, which offers institutional and retail investors insights into key developments in the cryptocurrency exchange market and its participants, covers exchange rankings by volume; country analysis and predominant fee type model; derivatives and institutional products; fiat, bitcoin and stablecoin volumes. The review also looks at how volumes have developed historically for the top trans-fee mining and decentralised exchanges.
Charles Hayter, CEO of CryptoCompare,
Independent investment consultancy bfinance has appointed Philip Coté, CFA, FRM as Director, Client Consulting in the firm’s Canada team.
Joining the client consulting team at bfinance’s Montréal office, Coté brings over sixteen years’ experience in financial services, investment consulting, manager research and product development globally.
Philip’s appointment marks a significant step in the development of the North American divisions of the London-headquartered consultancy. He will work closely with Senior Director Les Marton and the team to so support major institutional investors in Canada including public and private pension funds, insurers, family offices, foundations and endowments.
Prior to joining
Former Goldman Sachs trader Benjamin Arnold has launched Meraki Global Advisors (Meraki) an independent financial services firm, aiming to provide a ‘conflict-free platform’ for asset managers.
Meraki’s offering will aim to generate alpha for asset managers through ‘cost-efficient unbiased trading, leverage management, and operational solutions.’ Meraki does not affect transactions for customers through a clearing broker arrangement. The firm’s structure allows it to remain a truly independent and unbiased extension of a client’s investment team, thereby operating as a pure buy-side offering.
Meraki’s inception was a direct result of the changing industry landscape.
‘Current appetite amongst hedge funds, family offices,
KRM22, a technology and software investment company with a particular focus on risk management in capital markets, has launched access to the Market Abuse Centre online training programmes through its Global Risk Platform.
KRM22 has signed a partnership agreement with Dutch online training firm Entrima to make its online training portal, the Market Abuse Centre, available to buy through the Global Risk Platform. The three training programmes available are SMCR, Market Abuse and Financial Crime, addressing the FCA mandated training which firms are required to provide to individuals within their organisation on an annual basis.
Jerry de Leeuw, CEO
MFS reached top spot in Scope’s large asset-manager ranking for the first time in the first quarter of 2019, while Lupus Alpha, a first-time entrant, went straight to number one in the small-manager ranking.
MFS Investment Management reached the number one spot for the first time in the large asset-manager category, which ranks managers with 25 or more rated funds. Just a year ago, the US fund manager was in 23rd place. Its leap to the top was driven by an improvement in the proportion of its funds with top ratings from 38 per cent in Q1 2018 to 63
Overall, there was a clear sense of optimism in the auditorium at this year’s AIF event. The feeling was that even if volatility spikes higher this year, there will still be new investment opportunities to explore, be they growth stocks in Asian frontier markets, trading different parts of the oil complex, or using alternative data sets to generate insights in global markets that managers may previously have overlooked.
In her concluding remarks, Amzallag said:
“It’s been wonderful to welcome some of the most prominent and influential hedge funds, investors and service providers in our industry and to hear about their incredible
