Digital Assets Report

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Commodity trade finance investment manager Scipion Capital has appointed Taran Bains to head up its sales and marketing function.  Bains, who brings a wealth of experience on both the investment and sales sides of the industry, will lead a focused international business development drive.   Bains combines 18 years of portfolio management experience with a deep understanding of all asset classes, investor marketing and fund distribution. In her previous roles, she has been responsible for raising significant sums on behalf of private banks and family offices, as well as advising on assets and allocations in client portfolios.   Bains began
TMX Group is making important changes to its equity trading fee schedules that the firm hopes deliver significant benefits to the market.  TMX is proactively addressing industry concerns related to the maker-taker fee model through a measured rate reduction program for Toronto Stock Exchange, TSX Venture Exchange and TSX Alpha Exchange. "TMX is leading the way with a market-driven solution that will address the issues head-on, while taking care to preserve Canada's competitiveness," says Kevan Cowan, President TSX Markets, Group Head of Equities, TMX Group. "Our maker-taker fee optimisation program is a continuation of our efforts to re-shape Canada's equities
The month of April has marked the transition toward a new market regime. The first quarter has been driven by expectations of monetary policy tightening in the US and easing measures in the rest of the world. In this context, Hedge Funds fared well, with numerous opportunities in all asset classes. 
Alternative investment firm SkyBridge Capital has opened an office in Seoul, South Korea.  Michelle Cha, who has more than 10 years of industry experience including roles in sales, marketing, global investment and research from various financial institutions, has joined as a vice president and will lead the firm's Asia regional marketing effort. SkyBridge Capital's alternative investment offerings include multi-strategy, commingled funds of hedge funds products, customized separate account portfolios and hedge fund advisory services. Due to increasing demand for these types of investment offerings throughout Asia, SkyBridge has been incrementally increasing its presence in the region over the past three
Just one of Market Vectors Index Solutions’ (MVIS) six investable Long/Short Equity Indices, which use liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions, recorded positive performance in April. Market Vectors Emerging Markets Long/Short Equity Index returned 1.69 per cent for the month, while the other five indices all ended April in negative territory. The Market Vectors Global Long/Short Equity Index was the month’s biggest loser, down 1.21%, followed by the Market Vectors Western Europe Long/Short Equity Index (-0.31%), the Market Vectors North America Long/Short Equity Index (-0.28%), the Market
Artivest, a digital platform that connects leading private equity and hedge funds with a wider audience of suitable investors, has completed a USD15 million round of funding led by KKR. Existing investors RRE Ventures, Peter Thiel, Nyca Partners, Anthemis Group and FinTech Collective also participated. Artivest will use the funding to accelerate the growth of its technology, infrastructure and sales teams and the execution of its product roadmap. “Artivest combines leading technology with operational tools for feeder funds that will further open the door for financial advisors and high net worth investors looking to commit capital to a wide variety
Wells Fargo Funds Management’s multi-strategy Wells Fargo Advantage Alternative Strategies Fund, the result of a collaboration between Wells Fargo Asset Management and The Rock Creek Group, has passed it’s first anniversary. The fund was designed to provide a truly diversified portfolio by complementing traditional asset classes with investments that offer the potential for different outcomes when responding to changes in the investment climate. The fund gives investors access to a broad range of hedge fund-like strategies designed with the goal of providing consistent returns and lower volatility in a variety of market environments. As the overlay sub-advisor, Rock Creek employs
Total hedge fund assets increased 0.35 per cent in March of 2015 bringing the industry’s total assets under management to USD3.101 trillion, according to eVestment’s latest Hedge Fund Industry Asset Flows Summary Report. Investors added an estimated USD15.6 billion of new capital to the industry in March, while performance reduced AUM by an estimated USD5.2 billion.  Investor flows have historically been weak in March as early year allocations tend to arrive in February, however March 2015 inflows were well above the last five-year March average of USD5.3 billion.  With March’s USD15.6 billion inflow, investors added an estimated USD28.2 billion into
Last month Perseus, the world’s leading managed services provider of high-speed connectivity across the trade lifecycle, announced a USD20.5 million investment by Goldman Sachs. The capital injection is a sign of the growing importance of technology specialists as global markets seek to use faster, more secure managed services.  “We were very grateful of Goldman Sachs’s investment backing. We’ve got 28 new markets to roll out to. We’ve already done so in three of them this year: Santiago, Johannesburg and Istanbul. The next tranche of growth is going to come from Shanghai, Taiwan, Mumbai, Sydney to name but a few,” comments
dopay has secured USD2 million in seed funding from ACE & Company, Techstars Ventures and a syndicate of angel investors working for leading banks, private equity funds and hedge funds.  The funds will further the launch of the company’s services in Egypt and help drive expansion into new markets in the Middle East, Africa and India. Currently, two billion people worldwide have jobs but no bank account. This means they are cut off from even the most basic financial services. Companies that employ these people feel this acutely, they have to manage huge amounts of cash, which is costly and

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