Latest News
Fresh capital commitments across hedge funds, private equity and real estate of USD4.4 billion have been approved by The State of Wisconsin Investment Board in Madison, manager of state retirement assets and other portfolios, according to a report by AlternativesWatch.
While certain investors are choosing to avoid riskier assets due to the Russia-Ukraine situation, currency speculators are still placing their bets on the South African rand at an unprecedented rate, according to a report by Bloomberg.
Prometheus Alternative Investments, a Los Angeles, California-based social marketplace platform providing institutional-quality information, insights, and alternative investment opportunities to high-net-worth (HNW) investors, wealth advisors, and asset managers, has launched its new Access Funds programme.
With its first feeder fund now live, the programme offers accredited investors, who represent over USD177 trillion in assets globally, the ability to discover, research, and transact at lower minimum investment amounts (as low as USD25,000) across an expanding menu of high-quality fund managers covering hedge fund, venture capital, private equity and credit, real estate and crypto strategies.
All underlying fund managers participating in the Access
Fidelity Investments has launched Fidelity Diversifying Solutions, a new division offer investors access to hedge-fund like strategies, according to a report by Bloomberg.
The new liquid alternatives division, headed by president Vadim Zlotnikov, filed to register two new funds at the end of last year, Fidelity Global Macro Opportunities and Fidelity Risk Parity.
The liquid alternatives sector, which first took off during the inancial crisis in 2008 before falling out of favour with investsors, has experienced a renaissance during the pandemic, attracting USD29 billion in 2021 when inflows exceed redemption for the first time since 2015, according to Morningstar.
Chainalysis, a blockchain data platform, has partnered with Cross River, a technology-driven financial services organisation that provides core infrastructure and embedded financial solutions.
Cross River is known for providing financial services to the fintech and crypto sectors and will utilise Chainalysis tools to compliantly expand its offerings to additional cryptocurrency businesses.
Chainalysis’ technology wrapped into Cross River’s core infrastructure will enable crypto companies to build and scale, while knowing that regulatory expertise and compliance are already built in.
RBC Global Asset Management (RBC GAM) and BlueBay Asset Management (BlueBay) have expanded their European footprint with the opening of a new office in the Netherlands, established to serve both Benelux and Nordic investors more closely and to further strengthen the company’s presence in continental Europe.
This follows the appointment of Kornelis Buursma who joined in February of this year as Director of Business Development for the Benelux region, and Rami Salminen who joined earlier in March as Director of Business Development for the Nordics region. Both Kornelis and Rami are based in the new Amsterdam branch.
Hedge funds and other market participants are considering taking legal action against the London Metal Exchange (LME) over the recent problems in the nickel market, according to a report by then Evening Standard.
Funds including AQR Capital Management are report to be considering a possible law suit after the LME suddenly suspended trading when the price of nickel doubled and the cancelled USD4 billion of trades.
The LME is owned by China’s Hong Kong Stock Exchange, the HKEX.
Alter Domus, a provider of integrated solutions for the alternative investment industry, has appointed Vincent Georgel O’Reilly as Head of Financial Institutions Strategic Partnerships.
Based in Luxembourg, Georgel O’Reilly will report to Alter Domus’ Chief Executive Officer, Doug Hart, and will become a member of Alter Domus’ Group Executive Board.
Georgel O’Reilly joins Alter Domus from State Street where he led the alternatives segment for EMEA and was a member of their Executive Operating Group and EMEA Management Committee. He is an experienced global business leader with an advanced experience set in mergers and acquisitions, new revenue generation, and executive
Joshua Crabb will become Head of Asia-Pacific Equities at Robeco, taking over responsibilities from Arnout van Rijn as of 1 July 2022.
Van Rijn has decided to relocate back to the Netherlands after 14 years in Hong Kong, and will strengthen Robeco’s Sustainable Multi Asset team as of 1 September 2022.
Crabb, who moved to Hong Kong in 2001 has worked closely with van Rijn over the past three years when he joined Robeco. He will succeed him as fund manager of Robeco Asia Pacific Equities and will be joined by Harfun Ven. Ven has been with Robeco since
Cowen Inc has launched a digital asset division, Cowen Digital offering full-service trade execution and custody solutions on a platform that provides institutional clients with secure and compliant access to the digital asset ecosystem.
Custody solutions are provided through Cowen’s strategic partnership with Polysign’s Standard Custody & Trust.
Over the last 15 months Cowen has been focused on building the infrastructure and systems necessary to launch Cowen Digital. The new division brings proven expertise in traditional finance to support and assist institutional clients as they plan and execute their digital asset investment strategies, underpinned by Cowen’s integrated institutional-grade infrastructure.
