Latest News
Palmer Square Capital Management, an asset management firm that provides portfolios of corporate credit, structured credit and alternative credit strategies to a wide range of institutional and high net worth investors, has surpassed the USD5.0 billion assets under management mark ending the first quarter of 2018 at approximately USD5.5 billion.
Christopher D Long, President of Palmer Square, says: “We are incredibly proud of this accomplishment as we believe we have achieved this growth not only due to our continued strong risk-adjusted investment performance, but also the increased investor recognition of the depth of the Palmer Square team, investment process and
Private markets asset management firm Hamilton Lane has made a number of firm-wide promotions, naming seven professionals to the title of Principal.
“We congratulate this group of individuals and recognise their contributions to the organisation. With promotions across the firm’s investment, product and strategic technology platforms, as well as our client service functions, we have enhanced our senior team to better serve our new and existing clients around the world,” says Mario Giannini (pictured), CEO of Hamilton Lane. “The last year has been one full of milestones for Hamilton Lane, and the continued development of our deep bench of talent
Singapore Exchange (SGX) has appointed Mark Leahy as Head of Fixed Income. In this role, Leahy will be responsible for executing the strategy for SGX’s bond trading business, SGX Bond Pro, including driving institutional participation.
He will also continue to strengthen SGX’s Asia leadership in bond listings, maintaining the growth momentum with SGX on track to exceed its FY2017 listings record.
Leahy (pictured) has more than 27 years’ experience in fixed income trading, syndication and capital markets and played key roles in the development of the fixed income franchises of several major international banks in the region, including Nomura International,
Duco, a data engineering technology company, has appointed Mireille Dyrberg as Chief Operating Officer (COO), with responsibility for customer success, all administrative functions, finance and legal.
Dyrberg (pictured) joins from NEX Group’s TriOptima, where she was Chief Operating Officer and previously CEO of EMEA. The appointment follows a recent USD28 million funding round for Duco.
Christian Nentwich, Duco CEO, says: “Mireille brings deep industry knowledge and a reputation for execution to Duco at a time when the company is scaling rapidly and globally. She adds significant capital markets technology and strategy experience to the management team, strengthening our approach to
Recent unstable market conditions have proved supportive for hedge funds, in relative terms, with liquid hedge fund benchmarks were down 1 per cent in March, and Distressed and Special Situations strategies underperforming.
That’s according to the latest Weekly Brief from Lyxor’s Cross Asset Research team which also says that on a positive note, low beta strategies did well and CTAs managed to limit losses, in particular during the rise in risk aversion over the last two weeks. Short USD and long commodity positions proved rewarding for them as the US dollar depreciated and commodities jumped in the context of looming
The European Energy Exchange (EEX) achieved a total volume of 222.4 TWh on its power derivatives markets (March 2017: 311.2 TWh) in MArch 2018. In Dutch Futures, EEX achieved its highest volume so far at 4.1 TWh.
On the French market, volumes increased by 19 per cent to 24.4 TWh (March 2017: 20.4 TWh) while volumes on the Italian market increased by 12 per cent to 36.0 TWh (March 2017: 32.1 TWh). In total, the German and Austrian markets (Phelix-DE, Phelix-AT and Phelix-DE/AT) recorded a volume of 141.6 TWh (March 2017: 225.9 TWh).
The March volume comprised 119.2 TWh traded
Saxo Bank, a Fintech specialist focused on multi-asset trading and investment, has launched SaxoTraderPRO, a new trading platform for active traders and institutional clients.
The new platform is an advanced multi-screen trading platform offering a fully customisable workspace for both Windows and Mac with no monthly fees.
SaxoTraderPRO has its foundation in Saxo Bank’s unparalleled global capital markets access. As a leading facilitator in global capital markets, Saxo Bank connects private and institutional clients with more than 100 global liquidity providers and exchanges to offer access to more than 35,000 financial instruments across asset classes. Clients have access to ETFs,
Agecroft’s Don Steinbrugge (pictured) writes that rising short term interest rates should help some hedge fund strategy returns.
Steinbrugge writes: “The Federal Reserve increased its target range for the federal funds rate by 25 bps to 1.50-1.75 per cent on Wednesday, March 21. This marks the sixth incremental increase since December 2015 following the dramatic cut in rates during the financial crisis. In addition, the Fed has indicated that it is forecasting two to three more increases in 2018, three increases in 2019 and two more increases in 2020. If the Fed follows through with its projected rate hikes, we
Aspect Capital (Aspect), a USD7.5 billion systematic investment manager, has promoted Rosie Reynolds to Chief Commercial Officer and to the Board.
In her new role, Reynolds will remain responsible for Aspect’s commercial strategy and the management of the Business Development team, as well as playing a greater role in developing and delivering the company’s strategic plans.
Anthony Todd (pictured), CEO of Aspect, says: “I am delighted to welcome Rosie to the Board and congratulate her on her new role. Rosie’s appointment reflects her broad involvement and impact on Aspect’s strategy over many years. She has all the key skills
Elysium Technology Group (Elysium), a US-based specialist in trade processing solutions for Foreign Exchange and Futures, and CRYPTALGO, have formed strategic partnership to introduce cryptocurrency trading solutions to financial institutions.
CRYPTALGO is a Swiss-based fintech company specialising in high-end cryptocurrency brokerage services, algo-trading and cryptotrading for financial institutions.
Together, Elysium and CRYPTALGO will deliver a unique and comprehensive cryptotrading solution to Elysium’s clients, who currently trade USD500 billion to USD1 trillion of FX and futures every month through Elysium’s platform.
To address fragmentation issues within the crypto market, CRYPTALGO has developed its Galaxy ‘backbone’ infrastructure which connects global
