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Crossover Markets Group, a digital asset trading technology firm focused on the liquidity requirements of institutions in the spot and derivative cryptocurrency markets, has launched CROSSx, an execution-only cryptocurrency Electronic Communication Network.Â
CIFC Asset Management, an alternative credit specialist serving institutional investors globally with over $40 billion in assets under management, has appointed Anna Kunz as a managing director in the firm’s investor solutions group.Â
Focus has never been a more important commodity for hedge fund managers, writes Aani Nerlekar, Senior Director, Solutions Management & Solutions Consulting, SS&C Advent…
As the digital assets industry is shoring up expertise to strengthen security, improve education and re-build trust, Hao Xia, Co-Founder and CGO, LTP, details the changes the industry has faced and the outlook for progress…
While US hedge fund Citadel is expecting a tighter credit environment following the latest banking crisis, the firm’s head of commodities, Sebastian Barrack, is predicting limited impact on global commodities, according to a report by Reuters.
A number of Credit Suisse Additional Tier 1 bond holders, who saw their investments written off completely under the terms of rival UBS’ rescue of the stricken bank, are talking to lawyers about possible legal action, according to a report by Reuters.
Pressure from US activist hedge fund DE Shaw has prompted Fleetcor Technologies, a provider of fuel cards and workforce payments products, to add two new board members and explore the possible sale of one or more of its businesses, according to a report by Reuters.
Rahul Gupta, a veteran board member director and s in the digital services and payments industry, has already been appointed as a new director, while a second new board member will be chosen jointly by Fleetcor and DE Shaw.
Technology executive Annabelle Bexiga joined Fleetcor’s board in January when the company also said that one
Activist investment fund Enkraft, which owns stakes in several German energy firms, has accused renewables group ABO Wind of failing to provide investors with a clear strategic roadmap, according to a report by Reuters.
Specifically, Enkraft – which says it owns around 500,000 shares, or around 5%, of ABO Wind – has criticised the way the company discloses information about its project pipeline, the lack of available information about project sites are chosen, and has also raised questions over the group’s hydrogen strategy.
ABO Wind, which builds solar and wind farms and is currently valued at €682 million ($730 million),
Confluence Technologies, a global technology solutions provider for the investment management industry, has partnered with FundGuard, a cloud native, AI-powered, multi-asset class investment accounting platform.Â
Digital asset investment products saw outflows for the sixth consecutive week totalling $95 million last week, with the five-week total reaching $406 million, or 1.2% of total assets under management, according the the latest Digital Assets Funds Flows Weekly report from CoinShares.
Bitcoin remained the focus of negative sentiment, seeing outflows in investment products totalling $113 million last week.
The outflows were in stark contrast to the broader market and, according to CoinShares, suggest it was, in part, due to the need for liquidity rather than actual negative sentiment.
