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Cryptocurrency research firm Crypto Fund Research reports that prices for cryptocurrencies like Bitcoin and Ethereum are off about 50 per cent from their December 2017 highs and the SEC has announced its intent to investigate over 100 crypto hedge funds.
“Yet those hurdles haven’t slowed the explosive growth of new crypto investment funds launching across the US,” the firm says. “With over 100 new crypto fund launches, 2017 was a record year for the industry. The explosive growth of the cryptocurrency and blockchain investment universe has continued in 2018.
“Already there have been 34 new crypto fund launches this year,
Torstone Technology, a provider of post-trade securities and derivatives processing, has launched a new brand identity – Simplifying Post-Trade Processing and offering a post-trade platform which is Fast, Flexible and Future-proof.
Torstone’s rebrand comes at a time of great industry and regulatory change in global financial markets and clearly reflects its renewed focus on enabling firms to reduce their costs, achieve greater control, minimise risk, ensure compliance, and drive operational efficiency amidst this change.
This past year has seen Torstone make a series of announcements in support of client needs as market conditions have evolved. For example, in the
Pacific Global Asset Management has selected Virtus Partners (Virtus), a global provider of alternative investment operations outsourcing and administration services, to provide full middle office and fund administration services to their newly launched CLO investment fund, managed by Pacific Asset Management.
Virtus Fund Services offers a custom suite of middle office and fund administration services exclusively for credit managers and has offices in New York, London, Houston, Austin, Dublin and Luxembourg with over USD140 billion in assets under administration.
“Pacific Global Asset Management is committed to leveraging state of the art technology to enhance our controls and efficiencies,” says
A combination of strong financial markets, industry consolidation and net fund inflows has helped bolster total management fees for Europe’s asset managers in the second half of last year, according to a new report from Moody’s Investors Service.
The report, ‘Asset Management – Europe Fee revenue up on M&A, markets, and fund inflows’, finds that total management fees across the surveyed group rose 12.7 per cent in H2 2017 compared with end-June 2017. Excluding M&A transactions, Moody’s estimates that overall fee revenue increased by 6 per cent.
“About half of the increase in fees we recorded was due to the
With only 30 days until implementation, more than 50 per cent of investment firms globally are unlikely to be ready for the European Union’s new General Data Protection Regulation (GDPR) on 25 May 2018.
That’s according to a global industry survey of over 250 financial firms carried out by Cordium, a leading provider of governance, risk and compliance services, along with AmberGate, a data protection and security compliance specialist.
Designed to benchmark investment management firms’ readiness for GDPR, the survey revealed a lack of preparedness in advance of the regulation’s implementation date. With time running out, only 2 per
Commodity investment is back in the spotlight, says investment consultants, bfinance.
The firm writes that after a decade of poor performance, many commentators delivered a more bullish outlook for commodities during the first quarter. Such predictions are buoyed by global economic growth and some helpful market dynamics, such as the reduction in contango.
Goldman Sachs announced on February 1st that it expects returns of 15 per cent on its commodity index (GSCI) over the next six months and claimed that the environment for commodities was ‘the best [seen] since 2004-2008.’ Prices have surged, fallen amid the equities rout and
Options, a provider of global market data and colocation services for trading firms, has extended its high performance managed colocation solution to Equinix’s Zurich (ZH4) and Milan (ML2) International Business Exchange (IBX) data centres.
Options’ clients colocated at the facilities will benefit from low latency interconnection to SIX exchange feeds at source and a proximity option to the Borsa Italiana exchange feeds.
The Options platform today offers dedicated managed colocation services at over 20 key trading hubs across Europe, North America and Asia. These latest additions are part of a phased global expansion project which has most recently seen
UK bookseller Waterstones has been acquired by funds managed by activist hedge fund manager Paul Singer’s (pictured), Elliott Advisors.
Waterstones operates a chain of 283 bookshops located across the UK and Ireland, and in The Netherlands and Belgium, and had sales of over GBP400 in the year to end April 2017.
Lynwood Investments, controlling shareholder of Waterstones since 2011, will retain a minority stake.
Founded in 1977, Elliott is one of the oldest and largest private investment organisations globally, with funds under management of approximately USD35 billion. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments,
Capitolis, a technology provider for the capital markets, is now live with its foreign exchange credit switching service, Capitolis Switch.
Capitolis’ mission is to address capital markets constraints in the financial system. With the launch of Capitolis Switch, a key credit issue is addressed, enabling the unbundling of execution, processing, capital and risk in foreign exchange prime broking.
Large global systemically important banks currently provide best in class execution and processing, bundled with credit to clients. With Capitolis Switch the provision of credit is expanded to include a much broader universe of banks and investors. It allows the large
Ethics and professionalism are playing an increasingly significant role in investment professionals’ careers and influencing where they want to work, according to the latest CFA UK Ethics Survey.
Now in its sixth year, the survey highlights the challenges experienced by investment professionals, as well as the issues they consider most important.
Evaluating the importance of various issues when considering accepting a role at a new firm, nearly two thirds of respondents (63 per cent) awarded a score of 10/10 for the firm acting in an ethical manner in interactions with themselves and with clients, compared to 58 per cent
