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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
Digital asset investment products saw outflows totalling $63 million last week, the fifth consecutive week of outflows, according to the lates CoinShares Digital Asset Fund Flows Weekly report.
The outflows remain relatively small in size, totalling $99 million over the last five weeks, while volumes remain only 46% of this year’s average at $1 billion for the week.
Ether was the primary focus of the outflows, totalling $62 million last week, this comes despite the improved certainty of the Merge and perhaps highlights a concern amongst investors that the event might not go as planned.
MSCI Inc, a provider of critical decision support tools and services for the global investment community, has launched Risk Insights, the first module of a new analytics platform, MSCI Insights, that calculates, stores, and seamlessly delivers a broad range of risk measures to help investors identify trends and respond to rapid changes in markets.
Institutional investors will be able to access a wide range of MSCI data and analytics through MSCI Insights, which will feature performance attribution, index data, ESG data, and Climate data modules. Additional MSCI Insights modules are slated for release in the fourth quarter of 2022 and
CME Group has launched options on ether futures. These new contracts deliver one ether futures, sized at 50 ether per contract, and based on the CME CF Ether-Dollar Reference Rate, which serves as a once-a-day reference rate of the US dollar price of ether.
“As market participants anticipate the upcoming Ethereum Merge, a potentially game-changing update of one of the largest cryptocurrency networks, interest in Ether derivatives is surging,” said Tim McCourt, Global Head of Equity and FX Products, CME Group.
“The launch of our new Ether options contracts is particularly well-timed to provide the crypto community with another important
Caravel Capital Investments Inc has promoted Jack Hidi to the position of Portfolio Manager. In his new role, Hidi will act as co-manager of the Caravel Capital Fund, the manager of the Caravel Capital Canada Fund, a mutual Fund trust offered in Canada through Corton Capital and Fundserv.
Hidi began his career with Caravel Capital Investment Inc as a summer analyst in 2019 after graduating from Western University with an HBA and a master’s degree in Data Analytics. At the end of the initial contract period, he was offered a full-time position by the founders, Jeff Banfield and Glen Gibbons.
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