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Carey Olsen’s corporate team in Jersey has acted on the launch of the GNY Token by gny.io Limited – one of the first initial coin offerings (ICOs) to receive consent from the Jersey Financial Services Commission (JFSC) since the publication of the JFSC’s ICO Guidance Note.
The GNY Token is a cryptographic utility token that enables its holder to gain digital access rights to a decentralised machine learning predictive platform for the blockchain. The GNY platform combines cutting edge machine learning with state-of-the-art algorithms to forecast user behaviour and to provide business, marketing and social impact solutions that are predictive,
SteelEye, a compliance technology and data analytics firm, has appointed Lee Jones as Chief Commercial Officer.
Lee brings with him over two decades’ experience in technology and sales across start-ups, private equity and large global enterprises. His appointment will help further SteelEye’s disruption of the data analytics market as it continues to expand and enhance its secure and scalable data storage platform for the benefit of its increasing list of global clients, including asset managers, hedge funds, forex and credit firms.
Prior to joining SteelEye, Lee was CEO of voice and data recording and analytics firm Redbox, where he
Active asset manager J O Hambro Capital Management (JOHCM) has appointed Aled Smith as Investment Director.
Smith will provide investment oversight to JOHCM’s 16 investment teams, based in London, Boston, New York and Singapore, as well as search for market-leading investment talent as the company seeks to add to its range of investment strategies over time.
Smith most recently served as Director, Equities Division at M&G Investments. During his 18 years’ service with M&G (2000-July 2018), he helped build the company’s Global Equities team into a highly-rated, multi-billion AUM business, managed a number of equity funds as well as
Pan-European cash equities trading MTF, Aquis Exchange, has achieved a record market share of 3.17 per cent for continuous trading for the month of August, up from 2.66 per cent in the previous month. On 23 August, market share hit an all-time high of 3.49 per cent.
The value of shares traded hit EUR21.7bn in August, versus EUR19.2bn in July and average daily volume was up 8.3 per cent on the trailing month. Other highlights include a market share of 4.89 per cent in the top Swiss stocks (SMI 20) and 4.71 per cent in the UK’s FTSE 250.
CTAs outperformed in the hedge fund space in August, delivering positive returns in the range of 2-3 per cent depending on the benchmark, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Their long exposures to bonds and equities were both rewarding. From a regional perspective, their cautious stance on European equities was supportive but short positions on US bonds detracted as Treasury yields fell. Meanwhile, their long energy/short gold positions on commodities were a source of gains.
Lyxor writes: “On a negative note, Global Macro and L/S Equity strategies underperformed. EM Macro funds got hammered by
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 52 per cent to 271.3 TWh in August (August 2017: 178.9 TWh).
In the Phelix products for Germany, Austria and Germany/Austria, volumes increased by 44 per cent to 153.2 TWh (August 2017: 106.1 TWh). Also on the markets for France (24.7 TWh, +18 per cent), Italy (40.3 TWh, +34 per cent) and the Netherlands (1.3 TWh, +14 per cent), EEX achieved clear double-digit growth. Options markets contributed 36.3 TWh to the total volume (August 2017: 10.8 TWh).
The August volume comprised 163.2 TWh traded at EEX
By Olivia Munro, EzeCastle Integration – When it comes to cloud terminology, the definitions can be…cloudy…for lack of a better word. While cloud computing is considered a business imperative, it can be complicated trying to decipher which model is best for your firm. Traditionally, the financial sector has outsourced to the private cloud due to the security it provides around the industry’s highly classified and sensitive data. Now, many firms are moving to a hybrid cloud strategy, a mix of public and private cloud models.
Recently, we’ve seen a new model emerge: the multi-cloud strategy. While the multi-cloud
Swiss investment boutique Quaero Capital is building on its Environmental, Social and Governance (ESG) capabilities with the hire of specialist ESG analyst Georgina Parker.
Georgina Parker (pictured), joins from the Swiss sustainable finance consulting firm Conser Invest. She will work with funds across the Quaero Capital investment department, identifying opportunities to expand and enhance their approaches to responsible investment. She began her career in 2007 as an equity analyst with Bessemer Trust, working in both London and New York.
In 2014 she co-founded BroadMinded, a London-based network supporting gender equality for ambitious women, and in 2015 she worked as
Link Fund Solutions (Luxembourg) has been granted a license to act as UCITS Management Company and Authorised Alternative Investment Fund Manager by the Commission de Surveillance du Secteur Financier (CSSF).
Part of Link Asset Services, the Link Fund Solutions third-party ‘Super ManCo’ will provide its services to fund initiators from around the globe, offering its clients state-of-the-art risk management as well as a comprehensive oversight and governance framework with solid local substance.
The move underlines Australian-owned Link Groups’ growth strategy of targeting key European markets. With existing Luxembourg capabilities, the firm continues to build on its significant expertise in
Australian boutique fund manager Tribeca Investment Partners (Tribeca) has opened its initial public offer (IPO) for a new listed investment company, Tribeca Global Natural Resources Ltd (LIC). The company seeks to raise up to AUD250 million and aims to deliver investors a compound annual return in excess of 15 per cent.
The LIC intends to take advantage of the volatility in the natural resources sector by adopting a long/short strategy, investing along the value chain and through capital structures – equities, commodities and credit – to take advantage of relative value and valuation mis-pricing.
“The natural resources sector is
