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China-based futures investment company Holly Futures has selected Horizon Software’s platform for market making for iron ore and corn futures on the Dalian Commodity Exchange (DCE).
Holly Futures is a large-scale futures company approved by the China Securities Regulatory Commission. It is one of the most reputable futures companies in China and a leader in the Jiangsu Province futures industry. The company is also the only one in Jiangsu Province which has been honoured as Class A Grade A futures company for seven years in a row.
Ma Dongdong, Head of Options Department at Holly Futures says: “We were
Carey Olsen has advised AX1 Limited on the initial coin offering (ICO) of its AX1 Token. The ICO proceeds will be invested by AX1 Limited’s subsidiary into a cryptocurrency mining operation based in the UK.
Partner Chris Griffin led the Carey Olsen team advising AX1 Limited and was assisted by associate Joseph Barker-Willis. Carey Olsen once again worked closely with the Jersey Financial Services Commission (JFSC) to shepherd the ICO through JFSC approval.
Stuart Anderson, CEO of AX1, says: “Many ordinary investors were watching perplexed from the sidelines last year when they saw such activity with Bitcoin and other
The market rebound supported the hedge fund industry last week, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team, with CTAs recovering strongly thanks to the rise in oil prices and US Treasury bond yields.
Overall, models remained moderately exposed to major asset classes amid depressed trend-following conditions. They now hold neutral exposures to equities.
L/S Market Neutral funds also delivered healthy returns last week as momentum stocks recovered. The outperformance of growth vs value stocks helped the strategy outperform year-to-date. Directional strategies such as Special Situations are also up month-to-date, while Merger Arbitrage funds were
Jupiter has appointed Darren Starr as a Fund Manager in the firm’s growing GBP1.9 billion liquid alternatives business.
Starr has dual US and UK citizenship, and over 10 years’ experience managing US equity long-short portfolios across roles at UBS, SAC Global Investors and Caxton.
In his new role, Starr will work closely with the other members of Jupiter’s absolute return team, including James Clunie, manager of the Jupiter Absolute Return Fund unit trust, Jupiter Global Absolute Return and Jupiter Global Levered Absolute Return SICAV funds, and Mike Buhl-Nielsen, manager of the Jupiter Europa Fund (SICAV). Subject to regulatory approvals,
IHS Markit, a specialist in information, analytics and solutions, has acquired DeriveXperts, a provider of valuation services for OTC derivatives and other complex financial securities.
The acquisition complements and enhances the existing derivatives data and valuations businesses at IHS Markit.
“IHS Markit strives to be the best source of independent valuations of OTC derivatives and other complex financial assets and this expansion shows our commitment to providing customers with exceptional coverage and quality,” says Gianluca Biagini, managing director for derivatives data and valuation services at IHS Markit. “DeriveXperts brings us a skilled team and a high-quality service that extends
Commcise, a provider of integrated commission management, research evaluation and reporting solutions for investment managers, brokers and research providers, has added commission management and change management specialists John Kennedy and Jonathan Pearson to its growing team in North America.
Kennedy, Senior Consultant, most recently at IHS Markit, has over 25 years commission management and client experience, with a proven track record in the design, delivery, and implementation of reporting and technology solutions for the brokerage and asset management community.
Pearson has joined Commcise as Senior Consultant. Previously, he was a Senior Adviser to the UK Government, specialising in change
Boutique prime broker, Invast Global, has launched a Tokyo oneZero Hub in TY3. This development follows on from the unveiling of the Invast LD4 oneZero Hub only three weeks ago.
The addition of the TY3 Hub means that clients around the world can now seamlessly connect to the award-winning liquidity of Invast Global in NY4, LD4 and TY3 for FX, Metals, Index CFDs and Commodity CFDs.
According to Invast Global, the recent series of announcements highlighting a closer relationship between the prime broker and oneZero is a precursor to a major upcoming announcement regarding the launch of a comprehensive liquidity
By George Ralph, Managing Director of RFA – How does a modern business organise its technology estate so that it is meeting the needs of the workforce, while making best use of infrastructure and the resources that it has available to it?
It used to be the case that most organisations stored their data on site, in NAS filers or similar, using block storage for high-performance input/output, which is great on-premise or across locations operated by the same organisation. However, block storage doesn’t offer practical mobility features because it depends on the use of a file system above the
Some of the most senior men and women in the global hedge fund industry have put forward their collective vision of the hedge fund firm of the future in a major new report published by the Alternative Investment Management Association (AIMA).
The paper, ‘Perspectives: Industry Leaders on the Future of the Hedge Fund Industry’, is sponsored by Aberdeen Standard Investments (ASI), the global investment company, and is based on candid and wide-ranging conversations with 25 of the leading figures in the industry, who collectively account for over 300 years of industry leadership and manage in excess of USD500 billion in
Fidante Partners has added Hugh Ferrand to the Institutional Business Development team in the firm’s London office.
Ferrand (pictured) has over 20 years’ experience in institutional sales, principally as head of the Invesco Perpetual Institutional Division, where he successfully grew the institutional business whilst developing strong relationships with clients across pension schemes, charities, endowment funds and insurance firms. Prior to joining Invesco in 1999, Ferrand was an investment manager, initially at Adam Bank and then at Blairlogie. Hugh’s career began at Cazenove in 1981 where he worked for 11 years researching and selling Asian equities. Hugh is currently a Governor
