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Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has completed its SOC 2 Type II audit, performed by KirkpatrickPrice.
Carmignac has strengthened its alternative investment team with the appointment of Karna Sethia as a quantitative analyst. Sethia joins Carmignac from ExodusPoint where he was a data scientist responsible for designing, engineering and building quantitative analysis tools.
Prior to ExodusPoint, Sethia worked at Morgan Stanley in London as a data engineer, leading specialist products for the firm’s alternative-data research team. He has a Master of Engineering in Electrical and Electronic Engineering with Management from Imperial College London.
In the alternative space, Carmignac has a long history of running long-short equity products with Carmignac Portfolio Long-Short European Equities first launched
big xyt, an independent provider of smart data and analytic solutions, has appointed Anthony (Tony) Huck to its global executive team as head of the Americas.
Huck brings over three decades of expertise to big xyt as a widely regarded leader in the financial services industry. In previous roles, he was CEO of Score Priority (now Lime Financial), he served as President and COO of Lime Brokerage, and he has held senior executive positions at Royal Bank of Scotland, Citadel Securities, and Investment Technology Group (ITG).
In this new position, Huck will be responsible for expanding the firm’s global
Emerging Markets hedge funds extended Q2 declines through August, with losses again driven by exposure to Russian assets as well as the acceleration of global inflation, rising US interest rates and slowing economic growth, according to lates data from HFRI.
Anomaly Capital Management has seen its total assets under management hit $2.4 billion after raising an additional $500 million over the past five months, according to a report by Bloomberg.
AQR Capital Management, Winton Capital Management, DRW Commodities, Flow traders and Capstone Investment Advisors are bringing a lawsuit against The London Metal Exchange (LME) over its decision to cancel trades worth billions of dollars during a short squeeze in the price of nickel, according to a report by Bloomberg.
The LME says the filing of the commercial court claim in London, which was made public by court records released last week, is without merit and it will oppose the application.
The LME is already facing lawsuits from Jane Street and Paul Singer’s Elliott Investment Management over its handling of the
Cboe Global Markets, a provider of global market infrastructure and tradable products, has expanded its S&P 500 Index (SPX) options suite with additional expirations for SPX Weeklys Tuesday and Thursday options, beginning 19 September and 28 September, respectively.
Total volume in SPX Tuesday and Thursday options have surpassed 44 million contracts since their launch in second-quarter 2022, reflecting strong customer interest and trading activity. The additional expirations for SPX Tuesday and Thursday options will align with the number of expirations currently available for SPX Monday and Wednesday options, and meet growing customer demand for Cboe’s SPX offerings.
In addition,
Digital asset investment products saw inflows totalling $7 million last week, another low activity week, according to the lates Digital Assets Funs Flows Weekly report from CoinShares.
The mixture of positive and negative flows by provider and asset suggests continued lack of engagement amongst investors at present.
Post Ethereum Merge flows indicate continued caution amongst investors with a fourth week of outflows totalling $15 million.
Bitcoin saw inflows totalling $17 million, the first inflows following a five-week run of outflows that totalled $93 million.
CME Group’s foreign exchange futures and options reached a new single-day volume record of three million contracts on 14 September, 2022.
This was the first time CME Group FX futures and options traded more than three million contracts in a single day and was 7% higher than the previous record of 2.8 million contracts set on 3 December, 2020.
Open interest (OI) for CME Group FX futures and options also reached a record high of 3.3 million contracts on 8 September, 2022, up 17% year-on-year and reflecting a notional value of around $295 billion.
The US Department of Justice has established a nationwide Digital Asset Coordinator (DAC) Network to combat the growing threat posed by the illicit use of digital assets to the American public, as set out in an Executive Order (EO) issued by President Biden on 9 March, 2022.
As explained in a White House Fact Sheet, this initiative is part of a larger, collaborative effort across government agencies “to develop frameworks and policy recommendations that advance six key priorities identified in the EO: consumer and investor protection; financial stability; illicit finance; US leadership in the global financial system and economic competitiveness;
