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Lendingblock, a securities lending platform for digital assets, has secured an ‘in-principal’ decision from the Gibraltar Financial Services Commission (GFSC) to grant the firm authorisation as a Distributed Ledger Technology (DLT) provider.
The in-principle authorisation comes as Lendingblock completes its platform testing period with over 30 institutions worldwide. This puts the firm well on track to launch its institutional digital assets lending exchange as a fully regulated DLT provider early in the new year.
Steve Swain (pictured), CEO and co-founder of Lendingblock, says: “As a true believer in the importance of getting our industry into regulatory shape, seeking authorisation
The ongoing sell-off since the beginning of October has proved difficult to navigate for hedge funds, though there were substantial divergences across strategies, last week, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Lyxor writes: “L/S Equity and Event-Driven strategies underperformed due to their elevated market beta. L/S Equity strategies also suffered due to a rotation in risk factors, which saw growth/momentum stocks underperform value and low beta stocks. Within Event-Driven, Special Situations strategies were particularly hit.”
“On a more positive note, Merger Arbitrage strategies were highly resilient thanks to their low market beta. Global
NWT, a Mauritius-based full service fund administration firm that forms part of the AXYS group of companies, has selected the Pacific Fund System’s PFS-PAXUS fund administration system for its third-party fund admin business operations.
PFS-PAXUS offers a complete back-office fund accounting, portfolio valuation, fund pricing and transfer agency administrative solution that includes regulatory reporting, on a single, fully integrated system that satisfies the needs of the most sophisticated fund administrators.
NWT provides a full array of fund administration services for both open and closed-ended collective investment schemes including hedge funds, private equity investment vehicles and venture capital funds.
With an annualised return since 2011 of 12.95 per cent placing it in the top decile of fixed income hedge fund performance tables, LNG Capital’s Europa Credit Fund is beginning to attract the attention of institutional investors alongside its traditional client base of funds of funds, family offices, private banks and high net worth investors. Global Fund Media’s Beverly Chandler talks tactics with managing partner and CIO Louis Gargour…
The LNG Europa Credit Fund is a USD280 million actively managed fixed income fund with a focus on European corporate debt. Gargour (pictured) describes the investment approach as adaptive and designed
BCS Global Markets (BCS GM) an independent securities broker on the Russian Exchange, has launched a new trading product – a new synthetic prime brokerage offering professional and institutional investors simplified access to the Russian capital markets.
The synthetic prime platform, which BCS plans to expand into a global multi-asset platform, can be used by institutions of all sizes including hedge funds which have been viewed as too small to work with by other prime brokerages.
BCS says trading Russian instruments has traditionally been difficult from a regulatory, settlement and hedging perspective, but the new platform has been designed
Hermes Investment Management, the USD46.9 billion manager, has appointed Nachu Chockalingam as Senior Emerging Market Debt Portfolio Manager.
Based in London, Chockalingam reports into Fraser Lundie, Co-Head of Credit. She will help manage the performance and risk of existing emerging market allocations across all liquid credit strategies. This includes the Hermes Unconstrained Credit Fund, which was launched in May 2018 and has since raised USD386 million. The fund invests across the global liquid credit spectrum, which includes emerging market debt, along with investment grade, high yield, convertibles, asset-backed securities and loans.
Chockalingam joined Hermes from Jupiter, where she worked
Dinosaur Financial Group (Dinosaur), a challenger broker-dealer and a subsidiary of Dinosaur Group Holdings, has launched a new Global Foreign Exchange (FX) Trading Service.
The newly-formed FX team has over 30 years of international experience; as with its other services, Dinosaur say’s its execution will be anonymous, fast and accurate.
Dinosaur provides the option of electronic or voice trading and its portfolio includes spot, forwards, swaps, NDFs, options and deliverables.
Glenn Grossman, Founder and Chairman of Dinosaur, says: “We are pleased to announce our new FX service. With tier-1 banks increasingly ‘de-risking’, we find ourselves at an evolutionary
FE, the investment data, research and software provider, has joined forces with fundinfo, a provider of services for asset managers and distributors in Europe and Asia, and F2C, the Luxembourg-based business which runs fund data management platform, publiFund.
The combined firm – which follows the completion of specialist technology investor Hg’s investment in FE – will be led by FE chief executive officer Neil Bradford (pictured), with a new executive team comprising FE, fundinfo and F2C staff.
The three firms will fully integrate to create a single business with international reach, market leading products and services, a greater level
A new boutique brokerage firm licensed by the Financial Services Commission in the Cook Islands is providing a hub for algorithmic trading.
4xCube offers traders ultra-low spreads, Electronic Communication Network (ECN) trading, low latency, higher leverage, tailor-made partnership plans, and all kind of trading strategies for trading Forex, CFD, indices, commodities and cryptos.
Under Europe’s new ESMA directive, brokers are not able to offer leverage higher than 1:30 for retail investors. 4xCube is providing FX traders with an alternative option for algorithmic trading, as they are licensed in the Cook Islands, where they operate from an office in Rarotonga.
SteelEye, a compliance technology and data analytics firm, has completed a GBP2.9 million fundraise extension led by capital markets venture capital firm, Illuminate Financial, bringing the total seed funds raised to GBP5.7 million.
The funding will help drive the expansion of SteelEye’s products and services and its ability to serve a growing client base during a time of rapid regulatory change.
SteelEye’s innovative cloud based solutions helps clients to solve compliance challenges for MiFID II, MAR, EMIR, Dodd Frank and other international regulatory obligations. SteelEye brings together order, trade, market and reference data along with communications (electronic and
