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MJ Hudson, a solutions provider to the asset management industry, has introduced a new custody benchmarking service specifically for clients investing in digital assets.
The new service will benchmark the capabilities of major custodians for key themes across digital asset custody provision, including, but not limited to, strategy & commitment, digital asset coverage, fraud prevention, private key management, reporting, governance, legal, regulatory approvals, and custody fees.
2022 has seen a big upheaval in the investment ecosystem with the growth in digital assets. Behind this development are institutional investors increasing their exposure to the new digital asset classes. Consequently, all major
Millennium, the hedge fund firm founded by billionaire investor Izzy Englander, has appointed Olga Naumovich to the newly-created position of head of technology for Miami as it looks to build out its tech team in Florida, according to a report by Reuters.
The $57 billion multi-strategy hedge fund is currently looking to fill 25 technology roles in Miami, with Naumovich, a 23-year Goldman Sachs veteran who joins the firm from crypto market maker GSR Markets, tasked with leading the recruitment drive. According to Millennium’s website, open positions include front-end and software engineers and senior developers.
Naumovich’s focus will be to
Jana Partners has acquired a stake of almost 10 per cent in pet food company Freshpet and has plans for a raft of changes at the business designed to increases it stock price ahead of a potential sale, according to a report by MarketWatch.
The report cites unnamed sources as saying that the activist hedge fund believes tha with larger operators in the sector having shown an appetite for deals in recent years, Freshpet could be seen as an attractive takeover target. Jana Partners also wants the company to look at a raft of other changes including operational and capital-allocation
New York-based hedge fund giant DE Shaw & Co is to release its Midtown headquarters to the far west side of Manhattan having signed a lease for 283,000 sq ft (26,292 sq m) at Two Manhattan West, according to a report by Bloomberg.
The report cites a statement by the quant trading pioneer, which is currently based at 1166 Avenue of the Americas, as confirming that it will occupy eight floors of the new skyscraper from 2024.
The building, which is owned by Brookfield Properties and is expected to be completed in early 2023, is now 76% leased having already
Performance of hedge funds administered by the Citco group of companies (Citco) dipped marginally in August, with an average weighted return of -0.6%, down from 3% in July.
All strategies – bar Equities and Multi-Strategy – saw positive returns, with Event Driven taking pole position at 3.5%, followed by Commodities at 1.8%, Global Macro at 1.6% and Fixed Income Arbitrage at 0.1%.
A decline in performance was also seen in AUA categories, with large funds at $3bn+ posting an average return of -1.9%, and funds with less than $200-500M recording performance of -0.2%.
With performance more mixed overall compared to
The SS&C GlobeOp Forward Redemption Indicator for September 2022 measured 2.67%, up from 2.35% in August.
“SS&C GlobeOp’s Forward Redemption Indicator for September 2022 of 2.67% reflects a favourable level of redemption notices compared to historical norms for September, though slightly higher than the 2.45% reported for the same period a year ago,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “In recent months, redemption notices have continued to run near all-time low levels as investors largely maintain their allocations to hedge funds in the face of strong financial market headwinds.”
The SS&C GlobeOp Forward Redemption Indicator represents
Clients StoneX Group subsidiary StoneX Financial can now access the full suite of physically deliverable environmental futures and options contracts via the Nodal Exchange, enabling them to implement and sustain environmentally conscious business practices, effectively manage risk, and maintain regulatory compliance.
These contracts span markets that include sustainable energy, carbon emissions, renewable fuels, and pollutants such as sulphur dioxide and nitrogen oxide.
StoneX offers physically deliverable contracts across the spectrum of commodity types and is actively seeking new venues to cooperate with, thus allowing greater access to the products in demand. As the world increasingly focuses on corporate sustainability and
Clients of Horizon Software, a global provider of market making, agency and algo trading technology, have gone live with the company’s Horizon H3 trading platform in Europe, Asia Pacific and the Middle East.Â
Bets against UK government bonds have helped Odey Asset Management’s flagship hedge fund to a 145% gain so far in 2022, according to a report by Reuters.
A hedge fund that agitated for a board shake-up last year at US department store operator Kohl’s Corp, now wants the company to replace its current chief executive and board chairman, according to a report by Reuters.
The report cites a letter sent to Kohl’s by Ancora Holdings, which owns a 2.5% stake in the business, as requesting that both CEO Michelle Gass and board chairman Peter Boneparth are replaced. Anocora wants executives with experience in turning companies around to be appointed instead.
The letter, which was signed by Ancora CEO Frederick DiSanto and President James Chadwick, did not say
