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Options Technology, a provider of cloud-enabled managed services to the global capital markets, has secured it eighth Microsoft Gold Partner Status competency in Data Platform.
Gold Partner Status is awarded to only the top 1% of Microsoft partners and is a recognised mark of the highest technology and business performance standards worldwide.
Microsoft’s Data Platform competency demonstrates Options’ ability to ensure customer database systems operate efficiently with data secured from unauthorised access and categorised so that it can be translated into business insights.
This accolade is the latest addition to Options’ global cloud-agnostic platform. It follows the company’s receipt of
Hedge funds attracted marginally positive flows from investors last month, as the industry notched up a 3% weighted average gain in July following a torrid first half for investment performance.
CME Group is to launch options on ether futures on 12 September, pending regulatory review. 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.
In times of market uncertainty, risk functions at prime brokers (PBs) manage their client risk exposures more dynamically. Their role is to ensure enough margin is charged and collateral is held in a variety of “risk-off” scenarios across the spectrum of hedge fund trading strategies.
Ray Dalio’s Bridgewater Associates has seemingly had a change of heart regarding European stocks with the hedge fund cutting back most of its big bets against continental companies, according to a report by Reuters.
The report cites data company Breakout Point, whose calculations are based in on Bridgewater’s public disclosures, as revealing that the company’s short wagers against stocks in more than 50 European companies have been cut from roughly €10 billion to €475 million. Just two financial institutions remain on Bridgewater’s ‘short’ list – Banco Santander SA and ING Groep.
With European regulations only requiring funds to disclose
Lawyers led by McCue Jury & Partners and Mishcon de Reya LLP are aiming to go after billions of dollars of sanctioned Russian assets with the help of investments from hedge funds, family offices and litigation finance firms, according to a report by Bloomberg.
The report cites unnamed sources as saying that the lawyers are looking to raise funds to file legal claims against sanctioned Russians, with any proceeds largely being used to compensate Ukrainians for losses incurred from Russia invasion on it neighbour. Investors would receive a cut of any successful claims.
The report says that the initiative by
CVC Credit has priced Apidos XLI (41), a collateralised loan obligation (CLO) fund totalling c$500 million, arranged by Societe Generale. This is the fifth new issue CLO priced by CVC Credit’s transatlantic performing credit platform this year, which together have an aggregate value of over $2.4 billion (c€2.3 billion).
Apidos XLI will increase CVC Credit’s global AUM to over $34 billion (€32 billion). The transaction has been structured with a five-year reinvestment period and was well received by both existing and new investors. As with previous Apidos funds, Apidos XLI is primarily comprised of broadly syndicated First Lien Senior Secured Loans.
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
