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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
Cowen’s prime services division, Cowen Prime Services, has been named Best North American Prime Broker at the Hedgeweek USA Awards 2018.
The award is based on a peer review system and decided by a poll of Hedgeweek’s readers that include institutional and high net worth investors, hedge fund managers, and other industry professionals such as fund administrators, prime brokers, law firms, custodians, and advisers.
Jack D Seibald (pictured), Managing Director and Global Co-Head of Prime Brokerage and Outsourced Trading, says: “We are honoured to have been selected as the Best North American Prime Broker and are grateful to
After a solid first quarter, CMC Markets says its second quarter (1 July-25 September) has been impacted by a sustained period of low market volatility and range bound markets towards the end of the traditional UK summer period, in addition to an expected decrease in overall client trading activity following regulatory change.
As a result, net operating income for 2019 is expected to be below previous guidance, with the overall impact on profitability partially mitigated by tight cost control. Following the summer period, the Group has seen some improvement in client activity levels.
The implementation of the ESMA
Louis Dreyfus Company Holdings has appointed a new Chief Executive Officer, Ian McIntosh (pictured), who is promoted from his current position of Chief Strategy Officer, effective immediately.
The move follows the resignation of Gonzalo Ramírez Martiarena as Chief Executive Officer, after 13 years with the company, in order to pursue other opportunities.
“I take the opportunity to thank Gonzalo for his contribution to the company, in particular as CEO”, says Margarita Louis-Dreyfus, Chairperson of the Supervisory Board of LDCH. “Over that three-year cycle, he has successfully fulfilled his mandate of putting the Group in its current solid financial position
VTFinTech, a provider of portfolio management and research evaluation services, has partnered with Alphametry to provide its Parity One based Research Evaluation technology on the Alphametry research platform.
Available now, the partnership offers asset managers a quantitative way of assessing and evaluating their research providers and content. It will enable data-driven purchase decisions so that buy-side managers can regain access to the research they need under the unbundling requirements of MiFID II regulation. It also offers valuable insights into own research for the providers.
Alphametry, based in Paris, is a research management and discovery platform for investment professionals. Through
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