Latest News
SYZ Asset Management (SYZ AM) has expanded its offering of quantitative solutions through the launch of OYSTER Equity Premia Global.
This new offering builds on the strong success of the OYSTER Market Neutral Europe fund and will similarly seek to deliver alpha-rich returns while aiming to maintain a near zero equity beta over time. In order to support initial asset growth and reward early investors, a one-year discount of 50 per cent on the management fees will be offered.
While investing in equity premia is nothing new, the approach taken by SYZ AM to ‘harvest’ inefficiencies in equity markets
LUX Fund Technology and Solutions (LUX FTS), a business and technology solutions provider for the alternative asset industry, has hired Christopher Bloechle as chief technology officer. The company has also promoted founding partner, Mark Christine, to Chief Innovation Officer.
“We are delighted to welcome Chris as he brings his expertise, having worked at one of the largest global hedge funds,” says Nik Takmopoulos (pictured), Chief Executive Officer and Founding Partner of LUX FTS. “Serving the day-to-day needs of clients, Chris’ institutional knowledge will help the company to better serve larger funds as well as allow us to scale the Transcend
The Securities and Exchange Commission has charged a former bitcoin-denominated platform and its operator with operating an unregistered securities exchange and defrauding users.
The SEC has also charged the operator with making false and misleading statements in connection with an unregistered offering of securities.
The SEC alleges that BitFunder and its founder Jon E Montroll operated BitFunder as an unregistered online securities exchange and defrauded exchange users by misappropriating their bitcoins and failing to disclose a cyberattack on BitFunder’s system that resulted in the theft of more than 6,000 bitcoins. The SEC also alleges that Montroll sold unregistered securities
SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) solutions provider, has appointed Vincent Kilcoyne as head of product management and promoted Christian Schiebl to Chief Operating Officer (COO).
Kilcoyne will be responsible for the management of all product lifecycles from inception to delivery. He brings over 30 years of industry experience in leading and advising financial and technology organisations. He started his career as an analyst programmer for the Bank of Ireland, before spending a number of years designing and implementing a variety of retail banking, trading and equity settlement systems for Anglo Irish Bankcorp.
Prior to joining SmartStream, Kilcoyne has held
Switzerland’s principal stock exchange, SIX Swiss Exchange, has become a Climate Bonds Partner, joining the financial sector’s efforts to mobilise the USD100 trillion bond market for climate change solutions.
In doing so, SIX Swiss Exchange joins fellow global stock exchanges in efforts to facilitate green finance and green bond growth towards the USD1 trillion by 2020 investment milestone needed to help meet climate change and emissions goals
In joining the program, the exchange will work together with Climate Bonds to support increased investment towards a low-carbon and climate resilient economy. Contributing ideas for structuring, policy measures and market
End to end systematic trading solutions firm, QuantHouse, has added Jane Street Financial’s systematic internaliser (SI) to its qh API Ecosystem.
Liquidity provider Jane Street trades USD5.6 trillion across equities, ETFs and options. The firm commits its own capital and uses its global footprint to help institutions trade with consistently tight spreads.
Jane Street is registered to price a broad range of European equities and ETFs via platforms that suit client workflows – including RFQ and Jane Street’s SI. Through its SI, Jane Street offers liquidity for more than 2,000 single stocks from the Cboe Europe universe, with a focus
Hilco Valuation Services has appointed Tom Boniface as Vice President of Business Development for the Midwest Region of the United States, supporting the Valuation, Monetisation and Advisory platforms.
Boniface will be based in Chicago and will have the specific responsibilities of both maintaining our existing relationships and creating new relationships with financial institutions, investment banks, private equity firms, hedge funds, and other professional service firms.
Boniface has been with Hilco since 2015, most recently serving in a Director role, primarily supporting renewal valuations for existing appraisal customers. In this role, he worked closely with many of Hilco Valuation Services’
Usonian Investments, a Japanese equity manager located in Chicago and Tokyo, has launched the Usonian Japan Value UCITS Fund on Skyline Umbrella Fund ICAV platform, with initial capital of GBP 73.7 million.
Usonian also confirmed that Old Mutual Wealth’s Cirilium portfolios are an anchor investor in the Fund. The distributor for the Fund is J & E Davy, and the European sub-distributor is Aravis Capital.
The Usonian Japan Value strategy seeks to take advantage of the unique inefficiencies in Japan’s equity markets by following a disciplined, bottom-up value approach. It focuses on Japanese equities that are undervalued, profitable,
Confluence is teaming with ICE Data Services to help asset managers meet their compliance obligations with respect to SEC Modernization and other regulatory reporting requirements.
With the implementation of SEC Modernization, the increased frequency and depth of reporting required by Form N-PORT and Form N-CEN present asset management professionals with unprecedented challenges to their back-office operations. This relationship between ICE Data Services and Confluence will provide asset managers with the required content, data management and reporting capabilities to help meet their compliance needs, with Confluence providing the RegTech data management and reporting solution and ICE providing financial market data and
Brightway Asset Management Limited (Brightway), an indirect wholly owned subsidiary of China Minmetals Corporation (CMC), principally engaged in asset management, has appointed SS&C GlobeOp as its fund administrator.
Brightway says the selection of SS&C GlobeOp was based on the platform’s strong functionality, ability to manage both fund administration and risk management and to handle a broad range of funds. Brightway was impressed by SS&C’s extensive suite of solutions and services coupled with the client-centric team able to provide strong onshore support.
Ken Peng, CIO, Brightway, says: “Our firm has funds with complex structures and rules so SS&C’s ability
