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Northern Trust has appointed Michael Buzza as global head of Network Management & Market Strategy. Buzza, previously EMEA head of Market Advocacy and Innovation Research, will oversee the teams dedicated to providing market access and insights across the traditional securities services markets within the Digital Assets and Financial Markets group.
Over the course of 16 years at Northern Trust, Buzza has previously led strategic agent bank provider selection and was instrumental in a strategic investment in Zodia Custody, an institutional-grade cryptoasset custody solution created in conjunction with Standard Chartered.
Northern Trust announced the formation of its Digital Assets and Financial
GSR Capital has appointed global financial services provider Apex Group Ltd to provide fund administration services. GSR Capital is the investment management arm of the GSR group of companies, a global leader in digital asset trading, which has been operating since 2013.
Founded in 2021, GSR Capital leverages GSR’s broader expertise in digital assets, execution and liquidity to research and build investment products for institutions, family offices and other professional clients.
Apex Group’s single-source solution encompasses a wide range of services under one roof, enabling clients to create efficiencies, reduce costs and improve controls by outsourcing the back-, middle-
Arquant Capital, an independent asset management company specialised in crypto-assets, has launched Arquant Bitcoin Dynamic and Arquant Ethereum Dynamic, its first two funds geared towards professional investors. The funds for institutional investors, are directly invested in bitcoin and ether and actively managed by Arquant Capital’s investment team, making them the first of their kind in France.
Arquant Capital the first Frendh asset manager to have received authorisation to offer professional investors (institutional investors, private banks, family offices and corporate clients) a range of specialised professional funds that are actively managed and directly invested in cryptocurrencies.
Of the new seek to offer
Acadia, an industry provider for integrated risk management services for the derivatives community, has launched the seventh release of the Open Source Risk Engine (ORE), a peer-reviewed, free-to-access framework for pricing and risk analysis.
ORE is an Open Source Software project, designed for contemporary pricing and risk analytics of traded financial products. Since its release in 2016, ORE has formed the foundation of Acadia’s risk services including the award-winning risk sensitivity calculator, Initial Margin Risk Generator (IMRG).
This seventh release is the beginning of a financial instrument rollout that will follow in quarterly steps, across all risk classes covered
Hedge funds have upped both their bullish and bearish positions by the fastest rate seen in five years, buying up single stocks and ETFs as the S&P 500 slumped by almost 5% last week, according to a report by Bloomberg.
The report cites the latest prime broking data from Goldman Sachs as revealing that when considering both long and short exposures, the total gross trading flow chalked up its largest notional increase since 2017 last week, rising for the fifth straight week in a row.
Hedge funds tracked by Morgan Stanley meanwhile, raised bearish bets but refrained from cutting their
A UK judge has ruled that British hedge fund trader Anthony Patterson can be extradited to Denmark, where he is facing charges that he played a part in a Cum-Ex trading scam that defrauded the Danish tax authorities of around $1.2 billion, according to a report by The Financial Times.
Judge Timothy Godfrey ruled that Patterson should face trial in Denmark alongside Solo Capital Partners founder Sanjay Shah for his alleged role in a tax reclamation scheme involving Danish dividend taxes. Earlier this month a Dubai court refused to extradite Shah to Denmark but that Danish authorities are appearing that
Hedge funds dumped bullish bets on gold and increased their short positions last week on the back of August’s surprising inflation figures, according to a report by Kitco News.
The report cites last week’s trade data from the Commodity Futures Trading Commission as revealing that hedge funds have now adopted a bearish position on gold for the fifth straight week. Speculative interest in the precious metal has only worsened as traders prepare for the Federal Reserve to raise interest rates another 75 basis points and signal a further commitment to their aggressive monetary policy stance.
The CFTC’s disaggregated Commitments of
PGIM Quantitative Solutions (PGIM Quant), the quantitative and multi-asset solutions specialist of PGIM, has bolstered its distribution team with the appointment of Cyrus Cottin as head of International Distribution, and the promotion of Pam Clancy to head of Global Consultant Relations, effective immediately.
PGIM is the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
Based in London, Cottin reports to Brian Carroll, PGIM Quant’s head of Global Distribution. In his role, Cottin is responsible for developing and leading PGIM Quant’s distribution strategy across Europe and APAC, as well as driving the expansion across both existing
Hazeltree, a specialist in treasury and liquidity management technology for the alternative asset management industry, has appointed Kevin Held as the firm’s Chief Financial Officer (CFO).
Held joins Hazeltree with more than 30 years of experience in finance for several high-growth companies, from early-stage startups to established businesses across the fintech, technology, SaaS, and financial services industries.
Prior to joining Hazeltree, Held was the CFO of Vehlo Purchaser, a provider of SaaS solutions to the automotive repair industry. At Vehlo, he participated in the acquisition and integration of seven companies and built out the finance/accounting area to support the
Chris Codo has been appointed Senior Relationship Manager at United Fintech, the fintech one-stop-shop for banks, hedge funds and asset managers. Codo spent the last seven years as Senior Director, CME Group, with a focus on selling to hedge funds.
Codo’s previous roles include Sales Director at FXall, Sales Director at Barclays Capital, Vice President at Lehman Brothers, and Vice President at Bloomberg LP.
At United Fintech, based in the London office, Codo will focus on selling to his relationships and managing United Fintech’s largest clients. His extensive experience in enabling hedge funds and asset managers to improve execution, workflow and
