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American Elm Distribution Partners (American Elm), a managing broker dealer offering retail distribution and compliance services to alternative funds, has partnered with Phoenix American Financial Services (Phoenix American), a fund administrator offering outsourced back office, fund accounting and investor services, to offer a turnkey solution for alternative investment managers looking to enter the retail investor marketplace.
American Elm is a relationship-driven investment management firm doing business as a managing broker dealer to enhance outcomes for client funds. Leveraging strategic partnerships, seasoned distribution professionals and a unique approach, the company has developed a fundraising and investment model exclusive to the firm.
Digital asset investment products saw inflows totalling $12 million last week, although $15 milion of went to short (inverse price) investment products, with net outflows for long investment products totalling $2.6 million, according tooth latest Digital Asset Fund Flows Weekly Report from CoinShares.
Long-bitcoin saw outflows totalling $2.6 million while total assets under management (AuM) have risen from 11.4% since the end-June low to $17.8 billion.
Regardless, investors are still adding to short-bitcoin positions, with inflows totalling $15 million last week, bringing inflows to a record four-week run totalling $88 million (61% of AuM).
Investment product volumes overall remain very low, totalling $1 billion over the week.
Cboe Global Markets, a provider of global market infrastructure and tradable products, has expanded the Cboe Implied Correlation Index suite with the recent addition of eight new indices.
Market participants can now access a full suite of volatility-related indices across a range of maturities and skews to help gain a more complete view of the potential factors driving volatility in the equity markets.
The Cboe Implied Correlation Indices are the first widely disseminated market estimates of the average correlation of the stocks that comprise the S&P 500 Index (SPX). The benchmark indices are designed to offer insight into the
Bybit, the only cryptocurrency exchange to offer USDC options, has partnered with trading solutions provider Actant to provide first-in-class trading tools for professional traders.
Bybit, which has one of the largest BTC futures open interest, is now fully integrated with Actant, bringing a full range of tools for risk, trading, automation, and quoting to the cryptocurrency exchange.
Actant provides trading solutions for financial firms, including proprietary trading and market making firms, investment banks, and hedge funds trading on the world’s major derivatives and stock exchanges. Building a strong partnership with Bybit allows Actant users to trade and clear on
One of Three Arrows Capital’s creditors has disclosed that troubled cryptocurrency hedge fund has outstanding obligations totalling $2.8 billion, according to a report by TheTimesHub.
MSCI Inc, a provider of critical decision support tools and services for the global investment community, has appointed Cristina Bondolowski as chief marketing officer and as a member of MSCI’s Executive Committee.
Bondolowski will be responsible for the strategic development and execution of MSCI’s global marketing and communications programs in support of the firm’s global growth initiatives and client focus areas, including ESG and climate. She will oversee integrated marketing campaigns across multiple channels and deliver content-driven thought leadership to build awareness and engagement across MSCI’s tools, solutions, and global client base of institutional investors. She will be based in
Ballybunion Capital Limited (Ballybunion) has appointed Orla Philippon as chief executive officer following approval from the Central Bank of Ireland.
An experienced funds industry specialist, Philippon takes over from Ballybunion founder Patrick O’Sullivan, who will continue as non-executive director for the firm as well as sit on client boards.
Philippon joined Ballybunion in 2018, having previously worked for prominent financial institutions, and has been instrumental in successfully driving the integration project forward following the acquisition of the firm by JTC in 2021.
Ballybunion is an independent boutique asset manager focusing on the premium end of the market. It provides independent
The Ruthenium Global Pharma Fund outperformed the S&P500 by 25.96% in the first half of 2022 with its YTD return reaching 5.46%.
The fund aims to generate long-term returns through a strategy focused on investments in the global pharmaceutical and biotechnology sectors. With the diversified portfolio of high-yielding structured products, the fund is one of the few showing positive results while markets are tumbling worldwide.
Currently, there are 16 structured notes in the fund’s portfolio with an average maturity of 28 months and an average coupon rate of 22,90%. The Ruthenium Global Pharma Fund achieved a 12,38% compounded annual return
British hedge fund manager Alan Howard, who has personally invested in about 40 cryptocurrency companies so far, including FTX and Polygon, is still investing the space despite the current market turmoil, according to a report by Blockworks.
In mid-June, and after the collapse of terra, Brevan Howard founder Howard (58) invested in a $10.3 million pre-seed round for crypto brand studio ScienceMagic.Studios. He also took part in an $11 million seed round for ‘play-to-earn’ metaverse startup Atmos Labs’ $11 million seed round, which closed around the same time as major crypto lenders were causing contagion across the market.
Data from
Tiger Global has seen another bet go awry with grocery delivery start-up Missfresh having lost 97% of its value since its Nasdaq IPO in June last year, according to a a report by the Financial Times.
Missfresh has closed its operations across China and is on the look out for fresh capital to keep its business alive having been hit by an accounting scandal and seen its market value sink to just $88 million having hit a $3 billion valuation in New York a year ago.
Investors including Tiger Global and Goldman Sachs are reported to have invested $1 billion
