Latest News
Cryptocurrency hedge fund Pantera Capital has lost another senior executive with news that chief financial officer Ryan Davis is leaving then business, according to a report by ConiDesk.
CI Global Asset Management (CI GAM) has launched the CI Alternative Multi-Strategy Fund, which provides investors with convenient one-stop access to CI GAM’s suite of liquid alternative funds and other non-traditional investments.
CI GAM’s liquid alternative funds use a range of investment strategies beyond those used by traditional mutual funds and ETFs, creating the potential for enhanced returns and reduced volatility.
The Fund is a fund-of funds that invests in CI GAM’s industry-leading lineup of equity and fixed-income liquid alternative mandates, as well as ETFs invested in other non-traditional asset classes and investment themes, such as covered call strategies and
Hedge fund firms are reevaluating their options with respect to in-sourcing versus outsourcing IT management, according to the results of a survey by Agio, a cybersecurity and managed IT provider for financial services firms.
The survey, conducted earlier this year, which captures the opinions of recent, current, and future technology management and information security programmes, from 100 hedge fund practitioners across the technology, operations, cybersecurity, and compliance fields, reveals that looking ahead to the next two years, 89 per cent of firms that currently in-source IT management said they are likely to allocate more spend to outsourced services.
The driver
Liquidnet, a technology-driven agency execution specialist, has become a member of Sustainable Trading, a non-profit membership network dedicated to transforming environmental, social and governance (ESG) practices within the financial markets trading industry.
This announcement solidifies the wider TP ICAP Group ambition to be the broker for the energy transition. In April 2022, the Group set new ESG targets including a commitment to being Net Zero by 2026 across Scope 1 (direct emissions from its own operations) and Scope 2 (indirect emissions including purchased/acquired electricity).
Sustainable Trading brings firms together to devise practical and sustainable solutions to industry-specific ESG issues as
Alternative Data, Research, and Technology provider, CloudQuant, has partnered with SIX, a global provider of business-critical financial information, to deliver its high-quality financial datasets via the Liberator Data Warehouse and Data Fabric solutions.
CloudQuant will integrate several unique datasets including SIX ESG Performance Data, Market and Reference Data, and complex US Tax data for IRS Section 871(m) and Section 1446(f) ahead of the 2023/2024 tax changes that pose a new challenge for non-US participants trading in the market. SIX data will be available in the CloudQuant Data Marketplace, which showcases over 15,000 unique datasets.
The partnership with CloudQuant and SIX
Alveo, a provider of financial data management solutions, has announced the general availability of Prime Cloud, a major new release of its core data management platform Prime.
Prime is a scalable, end-to-end solution for the sourcing, mastering, quality management, access, distribution, analytics and ROI improvement of financial data. Prime Cloud offers a cloud-native, containerised version of Prime based on a microservices architecture using open-source components including Apache Cassandra as its time series database.
Prime’s rich ecosystem of data management services helps companies onboard and incorporate new data sources, monitor and improve data quality, manage data workflows, track data usage, provision
Waterfall Asset Management has promoted Leo Wong and Keerthi Raghavan to partner from managing director. Both are based in New York office and join the six current partners at the firm. Raghavan and Wong have been instrumental in developing Waterfalls’ high yield ABS trading and residential loan strategies, respectively.
A federal appeals court in the US has ruled that hedge funds should not be able to keep the roughly $500 million they were mistakenly paid by Citigroup on a loan owed by now-bankrupt cosmetics company Revlon, according to a report by Financial News.
The US Second Circuit Court of Appeals said a lower court ruling allowing Revlon lenders including Brigade Capital Management, Symphony Asset Management and HPS Investment Partners to retain the “huge windfall” they collected from the bank’s back-office blunder, was wrong.
The appeals court decision is a huge boost to Citi which, in 2020, prematurely used its
Crypto hedge fund LedgerPrime is planning to return all capital to outside investors while it makes the transition to a family office, pending regulatory approval, according to a report by Seeking Alpha.
The report cites an investor letter as revealing details of the plan which will see LedgerPrime, whose parent company Ledger Holdings was acquired by crypto exchange FTX last year, continue to operate independently.
Following the transition, LedgerPrime, which reportedly has between $330 million and $400 million in assets, will only make investments on behalf of trading firm Alameda Research, which was started by FTX founder and CEO Sam
FactSet and Alveo have agreed a new collaboration that combines their respective data and data management capabilities to provide clients with integrated solutions that more easily puts FactSet content into workflows and databases.
The initiative follows the successful integration of FactSet’s ESG content into Alves’s data management platform.
The collaboration will minimise the required time needed to onboard new data sets and business applications to help customers optimise the full range of FactSet’s data. This includes FactSet’s ESG and wider corporate actions services, as well as FactSet’s Concordance for security identifiers and legal entity recognition.
With the help of Alveo’s
