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In the ongoing bear market, hedge funds have provided their best downside protection as a proportion of broader market falls since the dotcom crash at the turn of the 21st century.
The Managed Funds Association (MFA), the trade association for the global alternative asset management industry, has announced its newly elected and appointed members of its Board of Directors for 2022-2023.
These new board members, who officially begin their term on 1 October, include top executives from leading alternative asset managers and service provider organizations.
Natalie Birrell, President, Anchorage Capital Group, LLC, currently serves as Chair of the MFA Board of Directors, and Jim Rowen, COO, Renaissance Technologies, serves as Vice-Chair. MFA’s more than 150 member firms collectively manage nearly $2.6 trillion across a diverse group of investment strategies, including
SpiderRock Technology Services, an algorithmic execution and risk management technology provider to institutional trading clients, as well as agency broker-dealer and market data provider, has deployed the Eventus Validus platform for trade surveillance, initially for the firm’s client activity in futures and options on futures contracts.
SpiderRock serves large hedge funds, bank trading desks, proprietary trading firms and other institutional clients globally with its flagship equity and options offering and now growing futures business.
Eventus is a global provider of multi-asset class trade surveillance and market risk solutions. The Validus platform is designed to be easy to deploy, customise
While allocations to alternative investments have long been a staple of endowment and pension portfolios, they have yet to penetrate the defined contribution (DC) market. However, the return profiles and unique diversification of illiquid alternatives may offer an attractive investment opportunity for DC plan participants, according to the latest Cerulli Edge – US Retirement Edition.
Daniel Small, a former fund manager at Platinum Partners, wants his conviction for rigging a bondholder vote overturned because he says prosecutors failed to prove he intended to commit a crime, according to a report by Bloomberg.
The report cites a memo sent to the court late last week by Small’s lawyer Seth Levine as saying that his client, who was convicted of securities fraud by a jury in a Brooklyn court in August but acquitted of a wire fraud conspiracy charges, should get a new trial because the law he was accused of breaking was “too vague” and prosecutors
Crispin Odey, the founder of hedge fund Odey Asset Management and well-known donor to the Conservative party, believes it’s too early to get bullish on sterling despite the fund plugging to a record low against the dally following Chancellor Kwasi Kwarteng’s ‘mini budget’ announcement, according to a report by MarketWatch.
According to new research from London-based digital assets hedge fund manager Nickel Digital Asset Management (Nickel Digital), institutional investors and wealth managers are starting to become more optimistic about the crypto market.
Nickel Digital, which was founded by senior traders and investment professionals formerly from major financial institutions including Goldman Sachs and JPMorgan, commissioned research with 200 professional investors from across seven countries who collectively manage around $2.2 trillion in assets and found more than two out of three (67%) believe the current crypto winter is either over or has less than six months to run.
The study found 9%
Sound Point Capital Management (Sound Point), a credit-focused investment manager with more than $32 billion in assets, has hired Merrill Martin as its new Senior Director of Business Development for their Independent Wealth team.
Independent provider of fund and corporate services, the Aztec Group, has launched a streamlined due diligence and verification platform for its clients and their investors.
Aztec Verify brings together market-leading technology into one service, automating the due diligence process for a faster and more efficient experience while ensuring full regulatory compliance. As a result, Aztec Verify will make the onboarding process as seamless as possible for clients and investors.
The key benefits include: fast and efficient client due diligence approvals; access to data and documents on demand, available 24/7 through a secure portal; real-time updates for clients and investors on
United Fintech, a fintech focused on banks, hedge funds, and asset managers, has expanded its sales team with the appointment of Raj Rathor as head of sales for Athena Systems, EMEA. Raj Rathor joins United Fintech from Enfusion, where he was Vice President of Sales.
Rathor’s 10 years of experience in the financial technology sector includes product management roles and pre-sales engineering roles at buy-side vendor SimCorp. Before that he began his career as an OTC execution broker at ICAP covering bonds and swaps.
Athena Systems, part of United Fintech, has developed a highly versatile front to back system which is
