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JTC, a global professional services provider, has launched virtual Chief Sustainability Officer (vCSO), an new service to help clients achieve their environmental, social and governance (ESG) ambitions.
The vCSO offering recognises that many organisations, from fund managers and corporates, to UHNWI and family offices, are struggling to navigate the rapidly evolving ESG landscape and in particular, specific ESG regulatory and reporting requirements.
vCSO allows clients to access the benefits of a professional Chief Sustainability Officer and associated team on a flexible, outsourced basis, reducing the associated overheads. This approach provides clients with the technical knowledge and support that they need
Trading Technologies International (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, has appointed industry veteran Nick Garrow to the the new position of EVP Multi-Asset & Buy Side.
Garrow has more than 20 years of senior management experience in capital markets and prime brokerage, leading significant global technological and operational transformation of businesses ranging from a tier-1 bank, to brokerage and clearing firms, to an exchange and fintech company.
Garrow reports to TT CEO Keith Todd and joins the firm’s leadership team. Serving since 2019 as Global Head of IT and Operations for Societe Generale
Digital token trading platform Bitfinex has launched new markets for stargate ($STG), the native utility and governance token of the Stargate Finance ecosystem.
STG:USDT and STG:USD will be listed on Bitfinex in April. STG provides users with a variety of benefits, including as a reward for liquidity providers for funding Stargate Protocol operations, receiving veSTG after locking STG tokens and obtaining access to Stargate’s governance token.
Stargate is a cross-chain liquidity protocol that enables dApps and decentralised finance (DeFi) participants to transfer native assets cross-chain. Designed to be a fully composable cross-chain bridge protocol, Stargate removes the need to rely
Anilesh Ahuja, the co-founder of hedge fund Premium Point Investments and a former trader Jeremy Shor at the firm have pleaded guilty to fraud while working at the the now-defunct business, according to a report by Bloomberg.
Neither will serve time in prison though, despite admitting that they overstated the fund’s asset values by more than $100 million and having been sentenced to a jail term in 2019.
The pair had been facing a retrial after US District Judge Katherine Polk Failla in Manhattan overturned their convictions in December because of errors and misleading statements given by prosecutors. They avoided
The Cayman Islands Monetary Authority (CIMA) has promoted Gaone Dube from Chief Analyst to Deputy Head Investments Supervision Division, effective 1 January 2022.
Dube is a Fellow Chartered Accountant, holding the Association of Chartered Certified Accountants designation. Additionally, she is a member of several organisations including the Cayman Islands Institute of Professional Accountants and 100 Women in Finance.
Dube has over 19 years of experience in the Cayman Islands’ financial services industry. Prior to joining CIMA in 2018, she held a position at an audit firm before becoming the Deputy Head of the Fund Division at a leading fund administrator.
A revolution in technology is transforming the way hedge funds operate, offering managers advantages – as well as challenges – in tumultuous times.
IDEG Asset Management Limited (IDEG), a professional digital asset manager, as launched the IDEG Terra Enhanced Tracker SP as part of its growing T-I-M-E-S product shelf of thematic digital asset funds.
The launch marks the first-of-its-kind product to enter the market and follows closely the recent launch of its Ethereum Enhanced portfolio. The Terra Enhanced Tracker is IDEG’s first in a planned series of solutions that will offer professional and institutional investors a professionally managed and third party custodied, exposure to digital asset investments from bitcoin and ether into other categories, managed through IDEG’s rigorous compliance, risk and internal controls
The SS&C GlobeOp Forward Redemption Indicator for April 2022 measured 1.48%, down from 1.92% in March.
“SS&C GlobeOp’s Forward Redemption Indicator for April 2022 of 1.48% reflects a decline in redemption notices compared with the 2.07% reported for the same period a year ago,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “In fact, the 1.48% reported for April 2022 is the lowest redemption rate for any month of April since the inception of the Forward Redemption Indicator in 2008. This historically low level of redemptions suggests investors are confident hedge fund managers can generate favourable risk-adjusted returns
Insig AI plc (AIM:INSG), a data science and machine learning solutions company serving the asset management industry, has signed a development contract to supply a centralised cloud-based data infrastructure to a London-based alternative investment manager with over $1 billion of assets under management.
Leveraging Insig AI’s proprietary data platform and tools will enable the client to take advantage of the speed and scale cloud computing offers while underpinning its longer-term machine learning strategy.
The contract value is £145,000 and is expected to be completed by 30 June 2022. Together with a number of smaller contracts billed this month, this contract
Hedonova, an alternative assets hedge fund, has invested $3 million in the ALTS 1 Fund, the latest fund from the alternative investment management firm, Alts.
The new partnership provides Hedonova’s investors with access to the ALTS 1 fund’s ten asset classes, which include collectibles and culture, cryptos and NFTs, fine art, music rights, specialty real estate, wine and whiskey, and sneakers.
Hedonova is a hedge fund that champions accessibility and its partnership with ALTS 1 marks Hedonova’s latest efforts to make investing convenient, accessible and diversified. Hedonova currently offers investors access to over twelve alternative asset classes through a single
