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Criptonite Asset Management SA is to act as distributor for the new Wave Financial Non Fungible Fund (NFF) in Switzerland.
Wave is an SEC regulated digital asset investment fund manager based in Los Angeles.
Following the launch of the NFT fund in December 2021, Wave Financial, which manages over USD1 billion across its digital asset fund, institutional and wealth management products, has seen unprecedented demand globally attracting investment over USD20 million from qualified investors already. Criptonite Asset Management SA will offer the NFT fund to qualified investors in Switzerland.
Wave Financial’s NFT fund has a unique open-ended structure. Through actively
New York has held onto the top position in the latest edition of the Global Financial Centres Index published by Z/Yen Group, and has now been in top spot for for three years.
London remained in second place, but dropped 14 points in the ratings.
The other centres in the top 10 are closely matched, with only eight rating points separating third-placde Hong Kong from Shenzhen on 10th.
Among the top 40 centres, only one centre rose more than 10 rank places and none fell more than 10 places. Overall the average rating was stable, less than one point lower
Major advances in the way trading and custody infrastructure tackles counterparty and exchange risk in digital assets are helping to assuage investor fears and will help further drive institutionalisation of this market further down the line, industry participants say.
New hedge fund launches rose the highest level since 2017 as total industry capital remained above the historic USD4 trillion milestone to begin 2022, according to the latest HFR Market Microstructure Report.
The Chartered Alternative Investment Analyst (CAIA) Association, the professional body for the global alternative investment industry, has unveiled its latest research and thought leadership initiative: Portfolio for the Future™.
“We are in the twilight of a four-decade economic super wave driven by unprecedented accommodative monetary policy by global central banks and are embarking on a new era that will have far-reaching implications for investors, fiduciaries, and other stakeholders working in or impacted by the asset management profession,” said John Bowman, Executive Vice President for the CAIA Association. “With all this in mind, the industry needs to be re-oriented back towards
Disappointing results at Texas-based petrochemicals company Trecora Resources have promoted activist hedge funds Ortelius Advisors, to pen an open latter to investors, according to a report by Opalesque.
The letter also claims that Trecora has refused to consider a a series of proposals and director candidates put forward by Ortelius, something Trecor has denied.
Ortelius is currently the the company’s largest shareholder with an 11.3 percent holding of the company’s outstanding common stock.
BrokerTec, a provider of electronic trading platforms and technology services in fixed income markets, has partnered with Broadway Technology to make its Relative Value (RV) Curve spread trading functionality available on Broadway’s Toc platform.
The integration provides mutual clients with access to the full RV Curve product suite to increase execution efficiencies by merging liquidity from BrokerTec’s industry-leading central limit order book with a single-threaded matching engine to eliminate legging risk, provide inside liquidity, and increase matching opportunities when trading benchmark spreads.
Hedge funds are at odd over how the reporting of emissions data related to short selling strategies should be reported, according to a report by Bloomberg.
Some funds say that if a short bet against an oil producer pays off and the stock price falls, that should be reported as negative in terms of CO2 emission, while others says that the producers CO2 emissions remain the same whether the stock price falls or rises.
At Capital Fund Management is cited as a fund that follows the first approach while the report credits AQR Capital Management’s Cliff Asness has saying that
Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, has created an Industry Advisory Board (IAB), which brings together exceptional industry leaders with unmatched experience to foster an open exchange of ideas and best practices to help advance cyber defences.
Comprised of industry luminaries and current Drawbridge clients, the IAB members each boast deep financial services sector knowledge and are at the forefront of the security, legal, compliance and outsourced business solutions sectors. Insights shared by the IAB will help inform and support Drawbridge’s business strategy and evolving product roadmap, and IAB members will have
Akram & Associates PLLC (Akram), a boutique assurance, advisory, and tax firm in the United States, has announced that Hedgeweek, a global publication covering hedge fund industry news for investors and fund managers, has recognised Akram as the Best Accounting Firm – Start-up and Emerging Funds.
