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Torstone Technology, a SaaS platform for post-trade securities and derivatives processing, has appointed Sam Farrell as head of North America. Based in Toronto, Farrell will have oversight of all the US and Canadian operations for Torstone.
Prior to joining Torstone, Farrell spent the last 35 years in Canadian financial services and brings a wealth of experience to the role, having previously worked at RBC, TD Securities, Scotiabank, and most recently at Credit Suisse Canada as a senior operations leader.
Over his career, Farrell has led a number of significant initiatives, including the Credit Suisse migration to Torstone’s Cloud Platform.
Diversification is critical in today’s markets. Richard Elston, Head of Institutional at CMC Markets, explains how this has led to a growing need for accessing multi-asset liquidity via a single connection…
GAM has appointed Chris Longworth, who joined the firm in 2010, as Head of GAM Systematic. In addition, Danny Dhingra, who has been with the company since 2016, is to join the systematic Core Macro team, and will report to Longworth.
As digital assets investors seek safe harbour, Lin Cheung, JKL Group’s CEO talks through the key factors needed to mitigate risk and the outlook for opportunity…
Market turmoil triggered by the collapse of Silicon Valley Bank and Signature Bank saw computer-driven hedge funds suffer their worst ever day of losses on Monday, according to a report by Bloomberg, while at least two of last year’s macro star performers were also hit by losses.
Odey Asset Management, the London-based hedge fund firm founded by Crispin Odey, has reopened three funds which were soft closed in November 2022, including its flagship Odey European fund, according to a report by Financial News citing a letter sent to the firm’s clients.
The OEI Mac and Odey Swan funds have also reopened alongside the flagship strategy and will now start to accept new investors again. In the letter, Odey AM chief executive Peter Martin said the managers were “satisfied that there is sufficient capacity within the strategy for greater assets, and an improved opportunity set”.
When the funds
China-based macro hedge fund manager Li Bei, the founder of Shanghai Banxia Investment Management Center, has sounded the alarm over a popular type of derivative, following the country’s stock rally, according to a report by Bloomberg.
In an article published earlier this week, Li advised against investing in so-called “snowball” products, a tool she used to buy at the bottom of the market late last year, pointing out that due to the recent recovery in China equities, investors buying the option-based contracts could suffer losses.
Li’s comments came after financial institutions used her trade to promote the products.
“Times have
GAM has appointed Chris Longworth, who joined the firm in 2010, as Head of GAM Systematic. In addition, Danny Dhingra, who has been with the company since 2016, is to join the systematic Core Macro team, and will report to Longworth.
Dhingra will provide the team with additional systematic experience and will contribute to the research on Core Macro as well as continuing to lead the GAM Systematic Commodities strategy as Investment Manager.
Guglielmo Mazzola, Head of Systematic Investments Specialists who joined GAM in 2022 will now also report directly to Longworth as part of the systematic team.
The GAM
Managed futures posted a monthly gain in February, up 0.15% for the month, according to the Barclay CTA Index, compiled by Backstop BarclayHedge. February’s gains reversed three straight losing months for CTAs.
Bitfinex Derivatives has launched a range of perpetual contracts providing access to some of the largest and most popular global commodity indices. Contracts are now available for UK crude oil, palladium, and Platinum.
