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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
Osprey Funds, a digital assets investment firm, has appointed John Sweeney as Chief Operating Officer and Regan Cucinell as Chief People and Productivity Officer. The firm has also promoted Bill Birmingham as Chief Investment Officer (CIO).
As Chief Operating Officer, Sweeney brings a wealth of expertise to Osprey Funds from traditional financial services firms and blockchain startups. He was Executive Vice President at Fidelity Investments, where his team managed assets of over USD100 billion.
As Chief People and Productivity Officer, Cucinell will focus on attracting and retaining top talent and optimising workplace productivity. Prior to joining Osprey, she was a
Future Fintech Digital Capital Management, a subsidiary of lockchain-based e-commerce business fintech service provider Future FinTech Group (FTFT), has officially launched its first cryptocurrency hedge fund, FTFT Digital Number One US, LP.
The management team of Future Fintech Digital Capital Management LLC possesses aggregately over 25 years of investment management and trading experience, with roots in commodities trading from top-tier investment banks like JP Morgan and Goldman Sachs.
The fund manager, Dr Mark Dai, has over 15 years of experience as a Portfolio Manager specialising in energy futures and options and was previously a Senior Commodities Trader at JP Morgan.
Muzinich & Co has hired Yiannis Bartzilas as Director of ESG, as the firm continues to strengthen and deepen its commitment to environmental, social and governance (ESG) factors.
Yiannis joins from Pimco, where he was an ESG and Climate Change specialist.”
Based in London, Yiannis will work closely with the investment teams across the business as well as becoming an integral part of Muzinich’s various internal ESG groups.
The Firm has increased its ESG commitments in recent times. This includes the reclassification of the majority of its UCITS funds to Article 8 under the EU’s Sustainable Financial Disclosure Regulations1 and
