Latest News
The European Energy Exchange (EEX) is entering into a partnership with the data solutions provider TYCHO Solutions to enhance transparency in the hydrogen markets.
Both parties will bring in their respective expertise to provide hydrogen-related data on the EEX Transparency Platform, by using TYCHO’s business intelligence tool NOVA.
TYCHO Solutions is a young start-up based in Mexico City which provides data solutions for renewable energy developers. The business intelligence tool NOVA is TYCHO’s latest development which has been established in collaboration with Marketz (an Enoi Group company) for collecting, analysing and keeping up-to-date information about hydrogen and related sectors.
Bridgewater Associates Inc held the greatest number of significant new short positions in the last week of June as a proportion of overall European short positions, according to the latest monthly pan-European short position data from SEI Novus.
The top 3 short positions were held in the following companies: ASML Holding NV – a Dutch multinational corporation specialising in the development and manufacturing of photolithography systems), accounting for 4.73% of total aggregated European short positions by size; SAP SE – a German multinational software corporation that develops enterprise software), accounting for 2.34%; and Siemens Aktiengesellschaft – a German multinational conglomerate
Apex Group Ltd (Apex) has acquired Darwin Depositary Services (Darwin), a provider of depositary services to Alternative Investment Funds.
Darwin, a leading independent AIFMD depositary in mainland Europe, provides services to clients based in the Netherlands and outside the EU, including hedge funds, real estate, debt and private equity funds as well as funds investing in infrastructure and renewable energy.
Apex Group currently delivers depositary services through subsidiary European Depositary Bank (EDB) in Luxembourg, Ireland, UK and Malta; the addition of the Darwin business will add €4.5bn of Assets under Depositary to the Group (as at 31 May 2022),
Zodia Markets, an institutional digital asset exchange and brokerage, has appointed Buford Scott as its chief financial officer (CFO).
Led by chief executive officer, Usman Ahmad, Zodia Markets is an institutional focused exchange and brokerage that enables expert navigation of the digital asset markets. It is a majority-owned subsidiary of Standard Chartered and built in partnership with OSL – which is a Hong Kong SFC-regulated Digital Asset Trading Platform, and a subsidiary of Hong Kong Stock Exchange listed BC Technology Group.
Scott has extensive experience of running multi-billion dollar trading businesses and most recently has operated as a CFO
More than 20% of Toshiba Corp shareholders opposed the election of two new board directors from activist hedge funds and a dissident external director, according to a report by Reuters.
Altana Wealth has launched a new Digital Assets Fund that will invest in Blockchain Technology across a wide spectrum of sectors.
The London and Monaco based fund manager is one of the pioneers in crypto investing. Altana launched its Digital Currency Fund (ADCF), the first cryptocurrency fund in Europe, in May 2014 which has returned 7000% since inception. In January 2017 it launched Altana Specialty Finance (ASF), which loans USD to crypto traders and has never had a down month.
The Altana Digital Assets Fund (ADAF) invests in early-stage Blockchain projects that are largely inaccessible through traditional equity investments allowing
Pluto Digital, a crypto tech and operations company, has taken the unprecedented step of protecting users of the YOP platform from the short-term volatility in the crypto market by guaranteeing ether (ETH) withdrawals from the ETH Vault.
It has achieved this by depositing 60 ETH of the group’s own reserves. The move is designed to ensure that any users who wish to withdraw their funds can do so safely and at no loss.
The news comes as staked ether (stETH), which is pegged to ETH on a 1:1 basis, decoupled on secondary markets. ETH Vault Depositors are exposed to
An improvement in global investor sentiment towards China and Hong Kong has prompted Avantua Group, the family office created by a member of Hong Kong’s third-richest family, to launch its first hedge fund, according to a report by the South China Morning Post.
The report cites managing director Xu Has as revealing that the firm is targeting $50 million for the new long-short fund with 80 per cent coming from outside investors and the remaining 20 per cent from Avantua.
The firm, which was founded in 2019 by Adrian Cheng Chi-kong of New World Development and currently manages $2 billion
Zhu Su, the chief executive officer and co-founder of beleaguered cryptocurrency hedge fund Three Arrows Capital (3AC) is looking to sell one of his luxury ‘good class bungalows’ in Singapore.
Zhu and his wife Tao Yaqiong Evelyn are reported to have been trying to offload the two-story, 15,000 sq ft, six bedroom property that they bought in the swanky Yarwood neighbourhood late last year for SGD48.8 million. The couple also owns at least one other good-class bungalow – the local equivalent of a mansion – at Dalvey Road, which was purchased under Tao’s name, according to public records.
A widely-used model to calculate margin requirements may not accurately reflect the risk some funds face in unlisted trades according to the Bank Of England’s Prudential Regulation Authority (PRA).
A report by Bloomberg says the the PRA believes that some funds, including hedge funds, may need to post more collateral to comply with new margin rules that are set to come int force in the UK in September. The new regulations are widely expected to drive up costs in the $12.4 trillion derivatives market.
The reforms are aimed at cutting risk in the market following the global financial crisis, and
