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The FCA has set out its supervisory strategy for operators in the alternative assets space in an open letter to the CEOs of alternative investment firms, according to a report by Investments & Pensions Europe.
The letter, written by the FCA’s head of asset management and pensions policy warns that the regulator’s priorities are in line with the its business plan commitment, with integrity of the markets and market abuse, ESG (Environmental, Social and Governance), and consumer needs, all mentioned.
Trote advises that firm’s “should ensure their actions and culture support and promote these initiatives”, and goes on to say
Proteus has been selected to complement Andersen Capital Managements SMA platform with a technology-enabled, private fund platform supporting the launch of Andersen’s new Weather Mark Long/Short investment strategy.
alternative investment strategy. Andersen will take advantage of Proteus’ best-in-class technology, operational rigor, and related infrastructure to seamlessly offer their investment strategies to Accredited and Qualified clientele.
Proteus is structuring a bespoke master-feeder solution that will allow Andersen to aggregate accredited and qualified clients for the new fund, which employs the same stock picking process that Andersen has used since 2010. The strategy is now generalised to permit shorting stocks that have
Avelacom, a low latency connectivity, IT infrastructure and data solutions provider for global financial markets has launched new optimised routes on its network to Istanbul (Bursa Istanbul), Riyadh (Saudi Stock Exchange, Tadawul) and Tel Aviv (Tel Aviv Stock Exchange, TASE).
These new routes will encourage global traders to accelerate their presence in the region for continuous hedging and repositioning.
The new connectivity portfolio includes three flagship routes: London-Riyadh with less than 80ms, round-trip delay; New York-Tel Aviv with less than 117ms, round-trip delay; and Frankfurt-Istanbul with less than 32ms, round-trip delay.
Commodities and energy asset classes have been strong performers
Following a challenging second quarter, the hedge fund industry came back fighting in July, advancing 2.89% for the month, according to the Barclay Hedge Fund Index, with much of the uplift coming on the back of a seemingly improbable surge in global equity markets.
The US Securities and Exchange Commission (SEC) has drafted a new rule aimed at increasing the amount of leverage information disclosed by hedge and other private funds, according to a report by Reuters.
The report cites an unnamed source as revealing that the new rule would increase the level of information on leverage provided by funds as part of their confidential Form-PF disclosures. The proposed change would also apply to fund advisors operating as commodity traders and investors under Commodity Futures Trading Commission (CFTC) rules.
The report says the proposed change is part of a broader effort by the SEC
Options Technology, a capital markets services provider, has successfully upgraded its London (LD4) to Tokyo (TY3) circuit. The upgrade has secured a significant reduction in latency along its path, from 148ms RTT (round trip time) to a best-in-class 141ms.
Clients across Options’ global FX trading network immediately benefit from this reduction, directly and through Options’ overall empowerment of the FX ecosystem. Options facilitates access to hundreds of exchanges and markets around the world, offering highly resilient and performant global connectivity services.
Today’s news comes as the latest in a series of strategic announcements for Options, including its additional VMware Cloud Verified
Coincover, a specialist in digital asset protection technology, has launched what it says is the world’s first staking protection technology.
Staking, which allows investors to put their crypto to work and earn a yield, has opened up new opportunities for the crypto market and is catching the attention of a growing number of institutional investors. However, the relatively new investment strategy comes with potential risks.
In certain cases, the network can penalise investors, eliminating a portion of their staked currency. This means that staking organisations – and the investors that use them – are open to significant financial
The managed futures industry slipped to a monthly loss in July, down -0.64% according to the Barclay CTA Index, compiled by BarclayHedge. Despite the fall, CTAs remain in positive territory for the year, up 7.68%. CTAs had posted gains in six of the prior seven months.
Most but not all CTA subsectors were in the red for July. The Currency Traders Index picked up +33 basis points and the Discretionary Traders Index came in just above neutral with a 0.04% result. Following a second quarter of heavy losses the Cryptocurrency Traders Index regained some of its mojo in July, bouncing back 22.92%.
Subsectors
United Fintech, the fintech one-stop-shop for banks, hedge funds, and asset managers, has expanded its team in New York with two new appointments, Mitch Vine as head of new business sales in the Americas and Danny Finnerty as a sales executive.
Hodlnaut, a Singapore-based cryptocurrency lender founded in 2019, has become the latest digital assets firm to suspend withdrawals. The company which announced the “difficult decision” in a blog post blamed “market conditions” and confirmed it will also withdraw its licence application from the Monetary Authority of Singapore (MAS), having been granted principal approval in March this year to provide digital token payment services.
The company has suspended withdrawals, token swaps and deposits, following the likes of rival lenders lenders Babel and Vauld.
Hodlnaut’s blog post said the firm would now focus on “stabilising” its “liquidity and preserving assets” while working to
