Latest News
The SS&C GlobeOp Forward Redemption Indicator for March 2022 measured 1.92 per cent, up from 1.79 per cent in February.
“SS&C GlobeOp’s Forward Redemption Indicator for March 2022 of 1.92 per cent represents a decline in redemption notices compared to the 2.49 per cent reported a year ago.
“At 1.92 per cent, the redemptions were the lowest for any month of March since the inception of the Indicator in 2008,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This favourable level of redemptions demonstrates investor confidence in hedge fund managers’ ability to navigate the current market volatility stemming
Dinosaur Group Holdings (Dinosaur), the parent company of US-based FINRA-regulated institutional brokerage firm Dinosaur Financial Group, and UK-based FCA-regulated international investment banking firm Dinosaur Merchant Bank Limited, have formed an external independent Financial Crimes Compliance Advisory Board (FCC Advisory Board) composed of international FCC experts.
Recognising risks to financial institutions by money launderers, bribery and corruption and attempts to evade economic sanctions, Dinosaur formed the FCC Advisory Board to enhance the firm’s understanding of risks and ability to combat developments in financial crimes.
Portal Asset Management, a crypto asset management advisory firm, has launched its third fund, which is focused on outperforming the Bloomberg’s Galaxy Crypto Index (BGCI) with reduced volatility of 35-50 per cent annualised.
The Portal Radiance Multi-Strategy Hedge Fund (Radiance) has been launched in response to a demand from investors seeking to get the most from the exponential world of digital assets with a professional institutional grade approach.
The volatility of the fund is reduced by investing in diversified tokens across the various layers of the Cryptocurrency, DeFi, Smart Contract, Web 3.0, Gaming, Metaverse and NFT stacks. The portfolio is
The trading unit of Galaxy Digital Holdings (Galaxy Digital), a global provider of blockchain and cryptocurrency financial services for institutions, has facilitated and executed the first OTC crypto transaction with Goldman Sachs Group in the form of a Bitcoin non-deliverable option (NDO).
This marks the first OTC crypto transaction by a major bank in the US, as Goldman Sachs continues expanding its cryptocurrency offerings, demonstrating the continued maturation and adoption of digital assets by banking institutions.
It also represents a continuation of the Bank’s partnership with Galaxy Digital to deepen its crypto capabilities, which included facilitating the Bank’s first CME
BTIG has appointed Steve Marchini as a Managing Directo in its Electronic Trading Sales division.
Marchini will be focused on utilising BTIG proprietary trading technology to help clients monitor performance, manage costs and make informed trading decisions.
Marchini joins BTIG with extensive institutional trading experience. Most recently, he was a Lead Consultant at Macquarie Asset Management. Previously, Marchini was the Alpha Pro-Chief Operating Officer at FactSet Research Systems-Portware and Head of Electronic Sales and Trading at Aritas Securities. Earlier in his career, he was a Managing Director at JPMorgan Investment Management.
Allspring Global Investments (Allspring), an independent global asset management firm with USD575 billion in assets under management, has appointed John Kenney as Head of Strategic Initiatives.
Kenney will report to Joseph A Sullivan, Allspring’s Chair and Chief Executive Officer.
In this new role, Kenney will oversee the firm’s global product strategy and product development and lead the expansion of Remi, Allspring’s tech-enabled separately managed accounts (SMA) platform. Allspring is a leading provider of managed account services with over USD75 billion in SMA assets as of 31 December, 2021, with a focus on customisation, tax optimisation, and transition services.
Until recently retail investors were at the forefront of digital asset investments. Since the pandemic, all types of investors, notably institutional investors who were somewhat initially reluctant, are steadily realising the potential of investing in cryptocurrency.
The Investment team at Breacher Capital Management investment team has joined global quantitative investment firm Teza Technologies, according to a report by Opalesque.
Breacher Capital Management, a Connecticut-based hedge fund manager founded in February 2020 will redeem its current LPs and cease operations.
The Breacher team is planning to will roll out a new Teza Hedged Equity Fund – previously the Breacher Enhanced Fund – in both SMAs and an LP structure along with customisin Q2 ed SMA solutions for institutional clients.
Teza Technologies is a quantitative asset management firm founded in 2009 by trading expert Misha Malyshev.
The Australia dollar defied has defied expectations by holding up during the market turmoil caused by Russia’s invasion of neighbouring Ukarine, causing huge fund managers to reverse their bearish stance, according to a report by BloombergQuint.
CoinRoutes, an algorithmic trading platform for digital assets, has completed a USD16 million Series B funding round, led by Ayon Capital.
The CIO for Ayon Capital, Rahul Pagidipati, Co-CEO of Zebpay and Board Member for Brave Browser, will join the CoinRoutes Board.
The funding round includes investments from Susquehanna International, Cboe Global Markets, Celsius, CMT Digital, Genesis Global Trading, Galaxy Digital, Arca, Mirana Ventures (venture partner of Bybit and BitDAO), GSR Markets, AscendEX, and others.
CoinRoutes began operations in 2017 and has been providing the institutional community with pure-play crypto SaaS trading technology for over five years. Delivering the tools
