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Genesis, a full-service digital currency prime brokerage, has made a series of leadership changes to position the company for its next phase of growth with CEO Michael Moro stepping down with immediate effect. He will continue to advise the company through the transition.
Chief Operating Officer Derar Islim, PhD, who joined Genesis in 2020 and has overseen the development of strategy and key core functions, has been appointed interim Chief Executive Officer. Seasoned financial services executive Tom Conheeney will consult to Genesis as a Senior Advisor, where he will support Islim on the firm’s overall strategy while advising the trading,
GoldenTree Loan Management II (GLM II) and its affiliated investment manager GoldenTree Asset Management LP, has closed a $390 million collateralised loan obligation GoldenTree Loan Management US CLO 15 (GLM US CLO 15) to be managed by GLM II.
With the closing of this CLO, GoldenTree has issued 20 CLOs totalling over $11.5 billion under its GLM CLO strategy. Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations. While a US Court of Appeals ruling on 9 February, 2018 led to the repeal of US risk retention rules for open
Baton Systems (Baton), a global fintech specialising in post-trade processing using distributed ledger technology (DLT), is now providing connectivity to the Options Clearing Corporation (OCC) through the Baton Core-Collateral ecosystem.
By expanding connectivity, clearing firms will be able to automate collateral management across 11 major CCPs globally, together comprising more than 93% of margin, placed by US registered FCMs.
Baton’s Core-Collateral solution enables Clearing Members to automate and optimise their collateral management processes by providing intraday visibility of current margin obligations and collateral holdings at the CCPs that prove to be of greatest strategic importance for their firm. Helping
Venn, Two Sigma’s portfolio analytics platform, is partnering with Coinbase Institutional to help educate institutional investors on the digital asset space.
SEI has appointed executive Vice President Sandy Ewing to lead the company’s Family Office and Regulatory Services, where she will work with SEI’s business segment leaders to advance business opportunities and execute growth strategies for these offerings in existing and new markets.
A 27-year SEI veteran, Ewing will continue to report to CEO Ryan Hicke and brings more than 40 years of financial services experience, spanning the wealth management, trust, custody, and securities servicing industries.
SEI Family Office Services delivers technology and outsourced services, including the Archway Platform, that support the accounting, investment management, and reporting functions of family offices,
​​​​​​​An overwhelming majority of macro hedge funds and trend-following managers are upbeat on their performance prospects for the rest of the year – but confidence among equity-focused firms has plummeted following 2022’s stock market upheaval.
Scion Asset Management’s the hedge fund run by Michael Burry of ‘The Big Short’ fame, liquidated almost all of its equity portfolio in Q2, according to a report by MarketWatch.
Maxwell Partners, a London-based algorithmic trading, blockchain and digital asset investment firm, has appointed Mikkel Morch and Angus John MacCormick as strategic advisors to strengthen and expand its algo trading business for investors in the cryptocurrency markets.
Maxwell Partners offers long-short proprietary AI trading solutions to investors from all backgrounds. The long-short strategy means the algorithm is also counter-cyclical and suitable for beginner retail investors, ultra-high-net-worth individuals, large institutions, hedge funds, family offices, banks and wealth managers. The firm has grown from approximately $10 million in AUM to $194 million in the last one-five years.
The company’s flagship algorithm
IGas Energy has seen its share price jump by 5 per cent in the past week after hedge fund Odey Asset management revealed a 3.17% stake in the business, according to a report by CMC Markets.
The jump takes the total increase in the firm’s stock price to a huge 525% so far in 2022 on the back of rising gas prices and rumours that the UK may reconsider its ban on fracking. By comparison, the value of the FTSE Aim All-Share Index, of which the onshore gas exploration specialist is a constituent, has fallen by 23.2% since the start
Elliot Management, an activist hedge fund that pushed for change at Twitter two years ago, exited its holding completely during Q2 of this year, after Elon Musk agreed a $44 billion takeover deal for the social media giant in April, according to a report by The Financial Times.
Twitter’s shares jumped dramatically following news of the deal, trading as high as $51.70 at one point in late April, but fell sharply to $37.39 on 30 June when Musk attempted to withdraw from the acquisition. Twitter stock closed at $44.50 on Monday of this week.
The report cites a regulatory filing
