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As part of its initiative to deliver customisable solutions, Northern Trust has launched an enhanced liquidity management data tool in its Front Office Solutions platform.
Tradeweb Markets Inc, a global operator of electronic marketplaces for rates, credit, equities and money markets, has appointed markets veteran Thomas Pluta as its next president.
Viking Global Investors is down 7% for the first six months of 2022 but has still outperformed many of its Tiger Cub stock-picking peers, according to report by BNN Bloomberg.
The report cites an investor letter as revealing that the fund’s recent efforts to reduce risk, by concentrating long bets while maintaining its short positions helped it chalk up a 2% gain last month, reducing its YTD loss to 7.4%.
While Andreas Halvorsen’s $19 billion flagship fund is still on course to record its worst annual loss in 22 years, its performance is ahead of other Tiger Cub funds, some
TRG Screen, a provider of enterprise subscription management solutions, has launched Optimize Insights to unlock new insights and reporting capabilities within Optimize Spend, its market data management software platform.
Optimize Insights sits at the heart of TRG Screen’s new Optimize platform, launched in 2020. Market data teams benefit from detailed, data-driven intelligence that they can deliver to their internal business users, allowing them to fully optimise their spend and usage. While it offers an intuitive visual analytics platform for proactive market data management, it also supports other complex, high value enterprise subscriptions, such as research, telecoms, IT and software.
Options Technology, a Capital Markets services provider, has promoted Micah Kroeze to chief product officer.
Kroeze joined Options as VP, Product Management in 2018 with extensive industry experience from NYSE Technologies and Vela Trading Systems, where he oversaw the growth of the firm’s market data and hosted services product lines. He was subsequently appointed senior vice president of Product Management for Managed Colocation in 2021, with key responsibilities for Options’ managed trading infrastructure and connectivity services, and the overall delivery of the firm’s strategic roadmap.
Kroeze has been integral in many of Options’ recent acquisitions and successes, particularly in the
Embattled cryptocurrency lending company Celsius has begun the process of filing for Chapter 11 bankruptcy protection in the US according to a report by CNBC.
The report cites an unnamed source as revealing that the company’s lawyers have been notifying individual US state regulators of the plan.
Celsius was among a group of crypto companies to put a freeze on customer accounts last month amid “extreme market conditions” as the global cryptocurrency values crashed.
Issued a statement on Wednesday saying it is looking to restructure in a way “that maximizes value for all stakeholders.”
The Liquidators of troubled cryptocurrency hedge fund Three Arrows Capital (3AC) have been granted control over the firm’s US assets by a New York State judge, according to a report by Forbes.
But on the firm’s founders has complained on Twitter that the company’s executives have been misled during negations over the firm’s bankruptcy filing.
Liquidators Russell Crumpler and Christopher Farmer of financial firm Teneo now control 3AC’s US assets, preventing co-founders Su Zhu and Kyle Davies from transferring or disposing of them after the judge ruled that the executives had failed to participate in liquidation proceedings.
A tweet by
Acadian Asset Management is to introduce a systematic credit capability to serve growing client demand and has hired Scott Richardson as director, systematic credit to lead this effort.
Richardson will build out and lead a team of portfolio managers, researchers, traders, and support personnel focused on this new initiative, with plans to seed the first strategies in 2023. This work will initially focus on corporate credit-based strategies including high yield corporate, investment grade corporate, and credit long-short.
Richardson has over 15 years of experience in leading both systematic equity and credit investing at BGI/BlackRock and AQR. He has over
Maven 11, an Amsterdam-founded blockchain and crypto asset investment firm, has appointed Derk Aalbers as director finance and operations.
Algebris Investments, a global asset manager specialising in financial credit and equity, has appointed Samuel Sibony as co-portfolio manager, managing $620 million in the Global Credit Opportunities strategies.
James Friedman will continue to lead the team as lead portfolio manager.
The Global Credit Opportunities strategies are managed on the basis of a team approach with Sibony working alongside the members of the existing Global Credit Opportunities portfolio management team – Gabriele Foà (co-portfolio manager), Simone Mallardi (co-portfolio manager) and Lennart Lengeling (investment analyst).
Sibony joins from DC Advisory, where he was a senior member of the London-based restructuring team, covering
