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Clarity AI, a Global sustainability tech platform Clarity AI’s sustainability data has been integrated into BlackRock’s Aladdin platform in preparation for the firm’s enterprise reporting for the Sustainable Finance Disclosure Regulation (SFDR) framework.
BlackRock will leverage Clarity AI capabilities, data, and expertise to facilitate efficient and accurate reporting on Principal Adverse Impact (PAI) indicators. PAI indicators are a set of specific ESG metrics mandated by the European Union as part of SFDR, which imposes granular sustainability disclosure obligations for asset managers and other financial market participants.
Clarity AI’s SFDR coverage encompasses more than 49,000 companies, and its capabilities allow for
Global crypto derivatives exchange Bitget has appointed Gracy Chen as managing director, with responsibility for Bitget’s growth strategies.
With presence in over 50 countries around the world, Bitget has been growing at pace. Earlier this year, the exchange’s derivatives trading volume reached an all-time high of $8.69 billion, representing a 300% growth when compared to the previous year.
Despite significant challenges in the hedge fund industry in 2021, such as the GameStop short squeeze, insurance companies still allocated nearly $1 billion to new hedge fund investments in 2021, according to a new AM Best report.
Options Technology, a provider of cloud-enabled trading infrastructure to the global capital markets, and Code Willing, a specialist in financial data management, have launched end-to-end data platform products Options Data Store and Quantify.
Options Data Store offers traders and researchers the ability to “try and buy” ready-to-use datasets without sourcing and storing large datasets. Data Store removes the complexity of capturing, normalising, and storing market data, enabling users to focus on alpha generation. Utilising a user-friendly GUI, data is made available in multiple formats, including ID mapped using a proprietary multi-asset security master.
The datasets are accompanied by information and
Hedge fund redemptions accelerated in March totalling -$35.37 billion (-0.70% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
An $18.24 billion trading gain for the month combined with new entrants to push total hedge fund industry assets to $5.14 trillion as March ended.
A majority of hedge fund subsectors tracked posted net redemptions in March. Subsectors bucking the redemption trend to post monthly inflows were led by Multi-Strategy funds, adding $3.89 billion. Others subsectors attracting new assets during the month included Sector Specific funds with $2.31 billion in inflows; Merger
Acrisure, a Fintech specialist that operates a top-10 global insurance broker, has closed a $725 million in Series B-2 Preferred Equity funding at a $23 billion valuation, representing a 31% increase from its last preferred equity raise in March 2021.
A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) led the round, with participation from Guggenheim Investments on behalf of certain clients and Oak Hill Advisors (OHA).
The new funding will allow Acrisure to continue pursuing value-accretive acquisitions, grow its tech enabled solutions, increase marketing and brand awareness, and invest in human and technological infrastructure to support industry‑leading
The incoming EMIR Refit regulation will increase sell-side and investment firms’ reporting requirements to a level where submitting new data fields and new combinations of actions and events could cause significant delays and run the risk of fines, a study from Acuiti has found.
Acuiti’s new report EMIR Refit: Navigating the mandatory changes, sponsored by Broadridge Financial Solutions, details how regulatory reporting teams face significant challenges in complying with the new regulation.
Furthermore, companies have often found themselves operating with a lack of clarity on how the new framework will impact their reporting processes. This increases the risk of
Chinese macro hedge fund manager Shanghai Banxia Investment Management Center has adopted a more positive stance on domestic stocks according to a report by Bloomberg.
Founder Li Bei believes the CSI 500 Index, a benchmark widely tracked by local hedge funds, which lost 24% in the first four months of the year, has past its low-point for the year, and has been rebuilding stock positions as a result.
The CSI 500 Index closed at a two-year low on 26 April but has since gained 14%.
Activist investor Nelson Peltz has joined Unilever as a non-executive director with effect from 20 July, according to a report by MarketWatch.
Synaptic, an alternative data insights start-up, has closed a $20 million Series B funding round led by Valor Equity Partners.
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