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AirCarbon Exchange (ACX) has hosted the first trades of the newly launched Global Emission Reduction Contract, or GER, which aims to become the global reference price for voluntary carbon markets.
The contract, which was created by Net Zero Markets, went live on ACX on Friday, 17 June, and traded at between $7.23 a tonne to $7.60 a tonne with Bioeconomy, which is led by Dorjee Sun, a TIME Magazine Hero of the Environment, as one of the first buyers. Its current bid/ask range is $7.65-$7.70.
The GER has been designed to tackle some of the problems with existing voluntary carbon
Almost half of financial services firms (44%) are planning to invest more in RegTech solutions in the next 12 months to cope with the growing pressure on the compliance function in this fast moving and increasingly complicated regulatory and operational landscape.
A further 41% expect to invest the same amount as the previous 12 months.
This investment is driving up the overall cost of compliance with almost all (90%) of financial services firms reporting increased compliance costs over the past five years. One in ten said costs have doubled.
That’s according to compliance technology and data analytics firm
Steve Moseley, the former head of alternatives at the Alaska Permanent Fund Corp, has been appointed as a managing director at Wafra Inc where he will head up a new new co-investment strategy, according to a report by The Wall Street Journal.
Falcon Investment Management, a hedge fund platform and first loss capital provider, has announced a new capital allocation expanding its first loss programme offering across new markets and strategies.
The platform offers independent portfolio managers access to capital, alongside support with managed account set up and onboarding, ongoing risk monitoring and access to data and tech to support day to day business flow. The programme offers higher than average performance fee payouts and regulatory compliance oversight to support the independent manager.
“We are excited about our $10 million allocation to Shinringi Capital and the ability to support new managers in
Value Partners Group Limited (Value Partners) has appointed Ricky Tang as managing director, co-head of client portfolio management, effective 20 June 2022.
Tang is responsible for the product strategy of the Group’s fixed income and multi-asset capabilities, driving and developing the franchises’ competitive positioning and strategic plans. He also serves as Co-Head of Client Portfolio Management, alongside Co-Head Frank Tsui, who focuses on the Group’s equities capabilities and is also the Group’s Head of ESG Investments. They will jointly lead the overall management of the Client Portfolio Management function. Based in Hong Kong, Tang reports to the Group’s Co-Chairman and
Alternative credit specialist Pemberton has completed and committed a total amount of investments of €1.5 billion in France over the last twelve months.
Just over a year after going live, Brazilian startup Gavea’s commodities blockchain trading platform has reached the mark of $2.3 billion in bids and offers, around six million tonnes of products.
Some of the major players in the commodities industry are already clients, such as Amaggi, Agro Amazônia, FS Bioenergia, Inpasa, Gavilon, Lavoro, Cofco, and others.
Developed with blockchain technology, the platform works as an OTC (over-the-counter) exchange, allowing buyers and sellers to know the counterpart they are dealing with, with transparency and no middlemen, providing full upstream traceability of products’ origin and promoting a fair and sustainable trading, with
Beleaguered cryptocurrency hedge fund Three Arrows Capital Ltd is considering a number of options to tackle its current problems including a sale of assets and a bailout by another firm, according to a report by The Wall Street Journal.
BMLL, an independent provider of harmonised, historical data and analytics, has been selected to partner with New York University’s Mathematics in Finance programme, making its Data Lab available to NYU’s team of quantitative researchers.
Part of NYU’s Courant Institute of Mathematical Sciences, the programme and its research activities are directed by Professor Petter Kolm, a quantitative analyst specialising in market microstructure modelling and buy-side trading, who was named as “Quant of the Year” in 2021 by Portfolio Management Research (PMR) and Journal of Portfolio Management (JPM) for his contributions to the field of quantitative portfolio theory.
An NYU team, led
Two Sigma has appointed Marco Della Torre as CEO of Venn, its portfolio analytics platform.
In this newly created role, Della Torre will lead the product and business development of Venn, drawing from his nearly two decades of experience leading high-growth technology companies.
Della Torre most recently served as chief product & innovation officer of Forge Global, a private securities marketplace and data platform, where he oversaw the company’s product strategy and roadmap. Prior to Forge, Della Torre was chief technology officer of Derive Systems, an automotive technology company, where he led all technology and architected the product strategy
