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valantic Financial Services Automation (FSA), a leading provider of cross-asset electronic trading and automation solutions, has completed a strategic investment in Velox Financial Technology.
German insurance giant Allianz SE has won the backing of proxy adviser Glass Lewis after the collapse of its Florida-based hedge fund business, according to a report by BloombergLaw.
Glass Lewis is said to have recommended shareholders to sign off on the AGM actions of Allianz SE’s supervisory and management boards at next month’s annual shareholder meeting, despite admitting that legal risk arising from the demise of the company’s Structured Alpha Funds may be ‘reasonably’ regarded as a cause for concern.
Allianz last month took a USD4.2 billion charge to cover the settlements and related regulatory investigations arising from the
Linedata, global provider of asset management and credit technology data and services, has opened a new office in Mexico.
Located in Mexico City, the team will reinforce proximity to major customers including NR Finance México, Mexico’s leading automotive captive offering financing solutions for the Renault-Nissan-Mitsubishi Alliance. In addition, the new office will enable Linedata to further expand throughout the Latin America region providing innovative solutions to the credit and investment management community.
Risk modelling and solutions company RMS has appointed Michael Steel to the company’s top leadership position of General Manager.
Steel succeeds Karen White, who has recently stepped down following the completion of the Moody’s acquisition.
With more than 30 years of experience in the risk and capital management gained in the insurance industry, Steel most recently served as Global Head of Business Development at RMS and has been at the company since 2016. Steel will work directly with Steve Tulenko, President of Moody’s Analytics, along with the Moody’s and RMS senior management teams to ensure RMS continues its mission and
Hedge fund manager Dave McCormick quit a job that earned him more than $22 million last year to run for the US Senate in Pennsylvania, according to a a report by Federal News Network.
The report cites a public financial disclosure document as the source of the information on McCormick’s earnings as CEO of the world’s largest hedge fund Bridgwater Associates.
Then report says McCormick and his wife estimated the value of their assets as between $116 million and $289 million, including a stake in Bridgewater.
Elliot Management, the hedge fund firm headed by Paul Singer is set to cash in on AC Milan after entering into talks for the sale of the Series A football club for €1 billion, according to a report by Nasdaq.com.
Eliot took control of the Rossoneri in 2018 for an effective value of €400 million in 2018 when the club’s Chinese owners defaulted on a €32 million payment. Elliott had previously provided the owners with a €300 million loan.
Bahrain’s Investcorp is said to be in ‘exclusive talks’ to acquire the club with a deal close to being finalised.
The BFAM Asian Opportunities fund is down almost 10% so far in 2022 on the back of a 6.2% fall in March due to bets on China credit and the Russian ruble, according to a report by Bloomberg.
Bitfinex Derivatives offers a derivatives platform accessible through Bitfinex, a state-of-the-art digital token trading platform.
Bitfinex Derivatives, a derivatives platform accessible through digital token trading platform Bitfinex, has launched perpetual contracts for Ethereum Classic, Anchor Protocol , Waves (WAVESF0:USTF0).
All three went liver oil 12 April at 13:00 CET. The contracts offer users up to 100x leverage and will be settled in tether tokens (USDt).
The Qunatologuy Absolute Return Fund fund was down -2.1% in March as the Nasdaq 100 and S&P 500 posted a solid v-shaped rebound, according to data release by Auatology Capital Management.
For start-up and emerging managers, successfully launching and running a hedge fund is trickier than ever before. As markets ebb and flow, the level of support provided by prime brokers in the early stages remains critical.
