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Palladium, a Malta-based blockchain company, has launched what it says is the world’s first fully regulated Initial Convertible Coin Offering (ICCO).
The issuance of a tokenised convertible warrant – which is regulated by a prospectus approved by the Malta Financial Services Authority (MFSA) and subject to stringent EU rules – will give investors the right to convert the tokens into shares of Palladium three years after the issue date.
Professor Paolo Catalfamo (pictured), founder and chairman of Palladium, says: “We expect this project, which will create more than 100 job opportunities, to be a historic landmark and to bridge
Duco, the data engineering technology company whose clients include international banks, brokers, exchanges, asset managers, hedge funds, administrators, service providers and corporates, is opening three new offices in Singapore, Wroclaw and Edinburgh.
The move follows several years of rapid growth and adoption of Duco’s self-service reconciliation model by global financial institutions. Duco announced a USD28 million funding round in January 2018.
Duco’s new offices will all open by September 2018. The firm will target the Asia Pacific financial services market from its Singapore base, as well as supporting existing clients in Australia, Hong Kong, India and the Philippines. Wroclaw
CLS, a market infrastructure group delivering settlement, processing and data solutions, has launched CLSClearedFX – the first payment-versus-payment (PvP) settlement service specifically designed for over the counter (OTC) cleared FX derivatives.
The service will enable central counterparties (CCPs) and their clearing members to safely and effectively mitigate settlement risk when settling cleared FX products.
LCH, a leading global clearing house, is the first to go live with the service offering for their clearing members, with further CCPs expected to join.
While the new service will operate independently of CLS’s leading PvP FX settlement service (CLSSettlement), participating CCPs will
AlphaCentric has launched the AlphaCentric Small Cap Opportunities Fund (SMZIX) which seeks long term capital appreciation and focuses specifically on the equities of small capitalisation companies primarily based in the US.
The management team uses proprietary, bottom-up research to identify companies that have under-appreciated earnings potential and exhibit reasonable valuations. Designed to mitigate valuation risk, the Fund typically takes positions in companies with valuation multiples that are near or below historical averages.
“This newest addition to the AlphaCentric Funds family is one that aims to offer investors exposure to small cap companies without the typical volatility that comes with
Axioma, a provider of enterprise market risk analytics and portfolio construction solutions, has added a new Europe equity factor risk model (EU4) to its next-generation Equity Factor Risk Model suite.
The new model provides institutions investing in Europe with region-specific insights for risk management, performance attribution, and portfolio construction.
“Amid market uncertainty and volatility in Europe, it’s even more important for investors with a European mandate to have a risk model that aligns with their investment process to accurately explain risk and performance,” says Alessandro Michelini (pictured), head of Portfolio Solutions at Axioma. “EU4 incorporates our latest research and
Hedge funds were down 0.32 per cent in June ending the first half of 2018 on a flat note with a 0.06 per cent gain. In contrast, the MSCI World Index (Local) was down 0.01 per cent as of June 2018 year-to-date.
On a year-to-date basis, 5 per cent of hedge fund managers have posted double digit gains, mostly concentrated on the North American long/short equities mandate. In contrast, almost 15 per cent of fund managers posted double digit gains over the same period last year.
North American fund managers topped the table among geographic mandates, gaining 0.25 per
Singapore Exchange (SGX), which operates Asia’s largest, most diverse and fastest growing FX exchange, is to launch SGX FlexC FX Futures that aim to futurise OTC product offerings.
With a planned launch date of 27 August 2018, SGX FlexC FX Futures – developed in consultation with market participants – enable bilateral trades that are privately negotiated with tailored expiration dates to be registered and cleared like a standard SGX FX futures contract. This innovative feature will be available for INR/USD, KRW/USD, TWD/USD, USD/CNH and USD/SGD contracts.
“Michael Syn, Head of Derivatives, SGX, says: “Access to counterparty credit, especially for
Navy Capital, a New York-based hedge fund focused on the rapidly growing global cannabis sector, has named Kevin S Gahwyler as President and Chief Financial Officer.
Gahwyler has over 25 years of experience building and maintaining scaled investment platforms and operational infrastructure in the hedge fund industry.
“We are delighted to welcome Kevin to our growing team at Navy Capital,” says John T Kaden, Managing Partner and Chief Investment Officer of Navy Capital. “Kevin’s substantial experience building and managing best in class hedge fund operations will be a tremendous asset to Navy Capital at a time when institutional investors
These are propitious times for European infrastructure managers. The European Commission has estimated that around EUR200 billion is needed to upgrade Europe’s infrastructure during the current decade for transmission grids and gas pipelines.
“Clearly the opportunity set in infrastructure is vast and continuing,” comments Martin Lennon, Co Founder and Head of Infracapital, one of Europe’s leading infrastructure investors. Part of M&G Prudential, Lennon co-founded Infracapital with Ed Clarke in 2001, since when it has subsequently raised and managed more than GBP5 billion across five funds.
“Existing infrastructure in Europe needs to be kept relevant in today’s world. There are
Traditional European infrastructure is going through a period of transition. Digital communication technology and a push towards sustainable energy production is leading to a move away from a centralised, regulated and vertical model to more of a distributed, connected model that scales laterally.
This is giving rise to a slew of new investment opportunities in key areas such as transport and e-mobility, sustainable energy and digital communication as EU countries seek out ways to upgrade ageing infrastructure to respond to 21st century living.
One of the key components to making this happen is having the right investment partners to bridge the
