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Global multi-manager platform Schonfeld Strategic Advisors (Schonfeld) has joined Paragon Data Labs’ cloud-based compliance platform.
Paragon’s technology offers improved operational efficiency and employee experience through automation and streamlined workflows. Its full-service migration, implementation, and dedicated customer support highlights collaboration, a cornerstone of the Paragon mission to make compliance simple.
“We’re proud to kick off a long-term partnership with Schonfeld,” said Jefferson Mitchell, co-founder and CEO of Paragon Data Labs. “By providing a fully-tailored and intuitive employee compliance platform for our clients, Paragon is continuing to make strides to service large-scale financial institutions in need of a modern solution.”
Backstop Solutions, provider of a cloud-based productivity suite for institutional and alternative investors, has launched a host of new functionalities and enhancements that re-envision the way users interact with the Backstop platform.
Alter Domus, a provider of integrated solutions for the alternative investment industry, has appointed Gus Harris, head of AD data & analytics, to its Group Executive Board (GEB) where he will continue to report to Doug Hart, chief executive officer.
LME boss Matthew Chamberlain says he has a plan to restore trust in his business and win back business following the cancellation of eight hours-worth of nickel trades last month, according to a report by Financial News (FN).
When Nickel prices surged in March following Russia’s invasion of neighbouring Ukraine, Chamberlain authorise the trade cancellations in a bid to avoid ‘multiple defaults and systematic risk’. Several disgruntled traders, including hedge fund Elliot Advisers and Jane Street Trading, have subsequently launched legal action against LME and reduced their trading activity in nickel and other metals markets.
Speaking in an interview
Inalytics, a specialist in analysing investment performance, has launched a new data-driven model that helps asset owners see the difference between luck and skill when selecting managers.
The model, developed by Inalytics through analysis of $22 trillion of trades in a database it has built over 20 years, uses data science to quantify the impact of the decisions that asset managers make when running the concentrated, bottom-up portfolios that dominate the investment landscape today. For the first time in the modern era, it means pension funds and other institutional asset owners can measure the investment skills that really matter when
Troubled cryptocurrency hedge fund Three Arrows Capital’s biggest creditor has been revealed as Digital Currency Group Inc (DCG), the owner of Genesis Global Trading Inc, according to a report by The Wall Street Journal.
The report cites court documents as revealing that DCG’s Genesis Asia Pacific Ltd lent Three Arrows $2.4 billion, with the hedge fund putting down the equivalent of $1.2 billion in crypto and other collateral as of last month.
Three Arrows, which was founded in in 2012 by Su Zhu and Kyle Davies, suffered heavy losses in recent months due to the board sell-off in cryptocurrencies and
Vida Capital (Vida), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, has appointed David Shapiro as a managing director. He will be based in New York and report to David Gussmann, senior managing director.
In this role, Shapiro will be responsible for continuing to grow Vida’s alternative asset strategies across the capital spectrum and asset types.
Shapiro joins Vida from Monarch Alternative Capital, a special situations hedge fund, where he was a vice president focused on investments in financials, structured credit, and real estate across the capital structure in both the United States and Europe. At
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
