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Quorum 15, a global financial markets think tank, and Greenwich Associates, a provider of market intelligence and advisory services, have launched Q15 Digital, a new partnership venture that expands Quorum 15’s programme of industry forums, allowing a wider community of buy- and sell-side firms to participate in driving change in global financial markets.
Quorum 15 was established in 2008 to encourage dialogue between buy- and sell-side institutions and build consensus around the key issues impacting the trading of equities, fixed income and FX. Its members gather quarterly in a series of meetings held under the Chatham House Rule to pool
State Street Corporation has added two new macro indicators, focussed on currencies and countries, to its range of State Street MediaStats Indicators.
First launched in 2016 with State Street partner MKT MediaStats, the new indicators scan more than 100,000 digital media sources to help investors evaluate the impact of media sentiment on market behaviour and, more broadly, industry and macro economic trends. The new FX and Country Equity indicators provide daily sentiment scores that help investors understand media perceptions of foreign currencies and global equity markets.
“Our clients are particularly interested in currencies and equities, so we have expanded
Thomson Reuters has partnered with Moody’s Analytics, a provider of financial intelligence and analytics, to offer a classification solution for conducting the Solely for Payment of Principal and Interest (SPPI) tests required under the IFRS9 accounting standard.
The solution allows fixed-income investors to automate SPPI tests for securities in their portfolios by providing data on over 1.2 million corporate, government, and structured securities globally.
“We are excited to partner with Thomson Reuters to bring fixed-income investors more comprehensive coverage of all asset classes in a single transparent and auditable solution,” says Luis Amador, Managing Director at Moody’s Analytics.
Hathersage Capital Management, a global macro investment manager specialising in G10 currencies and absolute returns, has won the Best Macro Hedge Fund award at the 2018 Hedgeweek USA Awards ceremony.
Hedgeweek’s awards for excellence are determined by the votes of its readers, who include hedge fund investors, managers and service providers. Including those from Hedgeweek, this is the ninth major award for the firm since 2016.
Hathersage was founded by Bill Lipschutz (pictured), who leads a team of highly experienced FX specialists, most of whom have worked together for more than two decades.
Token Foundry and ConsenSys are to launch Builders’ Track, a new line-up of content-heavy breakout sessions at the Crypto Invest Summit, the West Coast’s largest cryptocurrency and blockchain conference, in Los Angeles in October.
Each Track is designed to specialise in various highly sought-after topics with the goal of increasing usability, development, and collaboration.
Other breakout sessions include a Women in Crypto Track, Security Token Track, Crypto Trading Track and Healthcare Track. Attendees automatically get all-access passes with every Crypto Invest Summit or LA Blockchain Week ticket purchase; seating is limited on a first-come-first-served basis.
In a joint
A new study by the law firm Seward & Kissel into the hedge fund industry’s use of side letters –special agreements between hedge funds and their investors – shows a major shift in the hedge fund landscape.
In The Seward & Kissel 2017/18 Hedge Fund Side Letter Study, the percentage of side letters containing fee discounts significantly decreased, while those with preferred liquidity increased dramatically. In addition, overall average regulatory assets under management grew, as did the number of newer managers registered with the SEC (an increase of nearly 33 per cent, compared to last year). These developments seem to point to efforts
Naya Capital Management has successfully implemented Watson Wheatley Financial Systems’ iRecs reconciliation system.
The iRecs solution offers total control over reconciliations and increases operational efficiency and accuracy in a cost effective package.
Tom Wheatley (pictured), COO, Watson Wheatley, says: “We are pleased to announce another successful deployment of the iRecs reconciliation solution, the fourth implementation in the last three months. The system was fully implemented in a matter of days and offers high automation as well as a comprehensive selection of daily reconciliations. We look forward to working with Naya Capital to add additional reconciliations in the future.”
Cryptocurrency exchange BeQuant has launch operations in Malta and opened a new office, the London-based company’s second overseas office. The new office will be located in the heart of Malta’s business district at St Julian’s.
BeQuant Exchange’s Malta division will allow customers to trade a wide range of crypto assets on a safe, two-factor authentication platform. Clients will pay only 0.1 per cent with volume discounts on every market trade and benefit from a 0.01 per cent rebate on LP orders. With BeQuant Exchange’s leading API, customers will be able to take full advantage of their trading bot, low latency
Glencore is to increase the size of its existing USD1 billion share buy-back programme by an additional amount of up to USD1 billion. The duration of the programme will also be extended until the close of dealings on 20 February 2019 – the day before the announcement of the company’s 2018 full-year results.
The programme will be effected in accordance with the terms of the authority granted by shareholders at the 2018 AGM. It is currently intended that any ordinary shares of the Company purchased will be held in treasury. The implementation of the Programme is in line with the
Tokyo-based boutique investment manager Misaki Capital has appointed Northern Trust to provide custody and foreign exchange services to its USD600 million, Cayman-domiciled, Misaki Engagement Master Fund.
“We appointed Northern Trust based on their established reputation as a leading global custodian and administrator with a worldwide presence and ability to bring us advanced global technology solutions,” says Masaki Gotoh, Chief Investment officer at Misaki Capital. “Their ability to not only offer a variety of customizable solutions but support us as we evolve are key factors in their appointment.”
Northern Trust supports clients with a comprehensive suite of asset servicing solutions
