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The Global Blockchain Business Council (GBBC), the leading association for the blockchain ecosystem, has appointed Tom Jessop, president of Fidelity Digital Assets and head of Corporate Business Development at Fidelity Investments, to its board.
Jessop’s appointment to GBBC’s board will be formalised at the next general assembly meeting.
In his role as president of Fidelity Digital Assets – Fidelity’s institutional digital asset platform – Jessop (pictured), is responsible for directing the company’s long-term vision to create a full-service enterprise-grade platform for digital assets to service an institutional investor client base. He has additional responsibility as head of Corporate Business Development
LFIS, a USD14 billion Paris-based asset manager, has released the results of a new survey which highlights the continued influence and growth of quant investment strategies in Europe.
With nearly three quarters (70 per cent) of allocators considering quant strategies to complement existing active allocations, investors and allocators are increasingly favouring the benefits of a systematic-based approach. Two thirds of respondents voted the elimination of behavioural bias (38 per cent) and access to new sources of performance (28 per cent) as the most important advantages of this style of investing.
Arnaud Sarfati, co-Founder of LFIS, says: “It is clear
7orca Asset Management (7orca) is now live on IHA Markit’s order management and portfolio modelling solution, thinkFolio.
Formed in 2017, 7orca is an independent German asset manager that has been using thinkFolio for over a year to support its currency overlay and short volatility investment strategies for institutional clients.
“Since establishing 7orca, we have focussed on providing our clients with a quantitative investment process to actively hedge currency risks,” says Jasper Duex, CIO at 7orca Asset Management. “We have configured thinkFolio to support this FX overlay strategy while also allowing for other workflows to support strategies such as short
LGO Markets, a non-custodial, secure and transparent trading platform dedicated to institutions, has partnered with XTRD, a technology company introducing a new infrastructure allowing banks, hedge funds, and large institutional traders to easily access cryptocurrency markets.
XTRD will integrate LGO Markets into its own ecosystem to provide easy access to the exchange’s real-time market data and execution through unified FIX API. As a result, institutional traders will seamlessly get access to new liquidity pool without significant changes in their algorithms. LGO Markets, in turn, will provide white glove support for XTRD clients.
The companies have also agreed to work
CMC Markets Institutional, a provider of liquidity and white label trading solutions, has appointed Ross Newell as Business Development Manager, Institutional Business, in the company’s London office.
Newell has almost 15 years of financial services experience and is well known throughout the European institutional foreign exchange and CFD market. Having worked with some of the biggest brokerages in London, Newell has extensive knowledge of institutional foreign exchange and derivative product solutions.
In his new role with CMC Markets, Newell will be working closely with institutional clients across Europe, ensuring that they receive tailored liquidity solutions and are also fully
GPP, a provider of prime brokerage, execution, custody and clearing services to hedge funds, wealth managers and broker-dealers, has appointed Todd Johnson as Chief Operating Officer.
Johnson joins GPP having amassed over 25 years of experience in the financial services, fintech and engineering sectors, and will report to the company’s CEO, Julian Parker.
He has held a number of senior buy and sell-side roles, including Head of International Prime Brokerage at Deutsche Bank and Head of European Prime Brokerage at Citi. He later co-founded Ivaldi Capital, a multi-manager hedge fund running USD3 billion when Johnson left his role as
The market rebound since end of December fuelled hedge fund strategies most exposed to risk assets such as L/S Equity and Special Situations, according to the latest Weekly Brief from Lyxor’s Cross Asset research team.
Lyxor writes that this is in sharp contrast with performance in Q4-18, which was ‘dreadful’. “Our preferred strategies are those who can navigate fast changing market conditions like those we experienced recently. Merger Arbitrage and Fixed Income Arbitrage have met expectations in that regard.”
“CTAs have done well in December but are under pressure in early January due to the rebound in equities which
Capital Markets technology specialist Neueda has launched a comprehensive service aimed at helping investment firms enhance competitiveness, improve efficiency and streamline costs through test automation.
Combining Neueda’s industry experience and its automation technology, Scrutiny has been developed to reduce cost of ownership of front office applications to capital markets firms and improve time to market through test automation and process optimisation.
Through its Scrutiny service, Neueda provides capital markets firms with a full analysis of their current development processes, access to a team of skilled experts and a suite of solutions to deliver process improvements quickly.
“We have
JP Morgan Asset Management released its inaugural Global Alternatives Outlook featuring a 12- to 18-month outlook for each of the key alternative asset classes and highlighting the firm’s CEOs, CIOs, portfolio managers and strategists’ most promising investment ideas over that time horizon.
The report aims to provide investment direction in a year of transition and change as markets adjust to global quantitative tightening, credit markets awash in money with loose covenants, newly volatile equity markets, the threat of trade wars and tariff uncertainty, and a long-in-the-tooth economic expansion.
“As market risks continue to build in 2019, our Alternatives Outlook
Intertrust in Jersey has appointed David Middleton and Phil Maletroit as client directors in its fund services division.
Middleton has joined Intertrust’s private equity team and is a Chartered Accountant and CFA charterholder. He has experience in all aspects of fund administration and completing the full lifecycle of deals, gained whilst working for a venture fund.
In his new role Middleton will ensure the funds team delivers optimal client service by putting in place the right structures, tools and guidance to meet the clients’ needs.
Maletroit has joined Intertrust’s real estate team with 20 years’ experience in Jersey’s
