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The first Luxembourg-domiciled fund investing fully in crypto assets is expected to launch in less than six months, with necessary regulatory and compliance work underway.
Q Securities, an investment firm acting as the depositary for Luxembourg-domiciled alternative investment funds (AIFs), says it has informed the Grand Duchy’s regulator that is intends to offer depositary services for crypto funds in Luxembourg.
Crypto assets are digital assets covering a broad investment asset class comprising cryptocurrencies and other digital assets, objects whose value has been moved to blockchain. The market is soaring, with Chainalyst reporting a 567 per cent year-on-year transaction volume
Exchange Data International (EDI) Global Market and Public Holidays service has expanded to include provinces, regions and city-based holidays.
Holiday data information is delivered via the EDI web platform, SFTP files and API.
Subscribers of the online service can easily view holidays for the current month with the calendar view and set up daily email alerts to receive up-to-date information.
With holiday observances for the next 30 years and historical data from 2001, the service covers over 2500 institutions, including Exchange & Trading Venues, Exchange Clearing, Banks, Bank Clearing, and Country Currency. In addition, the service includes the USA and
Hedge fund firm Brevan Howard Asset Management has partnered with Behavox, a provider of a suite of security products that help compliance, HR, and security teams protect their organisations and colleagues.
The SBAI, a global alliance of alternative investment managers and allocators and custodian of the Alternative Investments Standards, announced it has created a forum of alternative investment industry organisations committed to addressing diversity in the alternatives industry.
The forum is chaired by the SBAI and its members include 100 Women in Finance, The Alternative Investment Management Association (AIMA), The Asset Owner Charter UK, CFA Institute, The Chartered Alternative Investment Analyst Association (CAIA), The Diversity Project, The European Leveraged Finance Association (ELFA), Institutional Limited Partners Association (ILPA), Investor Leadership Network (ILN), and The Value Reporting Foundation (VRF).
Diversity is a widely
Asia- and China-focused stock-picking hedge funds have suffered their worst monthly losses in two years, according to Goldman Sachs Group Inc, according to a report by Bloomberg.
The firm’s prime brokerage division is reported as saying ina note on client performance that funds focused on long-short stock strategies in China lost almost 14 per cent in the first two weeks of March, while their Asian-focused counterparts dropped 9.8 per.
Both losses represent the biggest 10-day falls since March 2020 and come on the back of concerns over fresh Covid outbreaks in China.
Roughly a third of hedge fund managers are considering launching a digital assets-focused strategy over the next 12 months, underlining the depth of appetite.
GLMX Technologies (GLMX), a technology solution for trading money market instruments including repurchase agreements (repo) and securities lending, has appointed two senior executives – Gareth O’Loughlin as VP of Engineering and Joseph Russo as Director of Money Market Sales.
Based in New York, they will support GLMX in its next phase of growth and play an important role in the firm’s development of a fully integrated digital ecosystem for trading front-end products.
O’Loughlin joins from Gagosian, the largest commercial gallery in the art world, where he was the Chief Technology Officer with global responsibility for all technology. He will focus
The Depository Trust & Clearing Corporation (DTCC) has launched its enhanced Institutional Trade Processing (ITP) service, ITP Data Analytics.
The new service includes powerful analytical tools that enable Broker/Dealers and Investment Managers to measure and compare their operational performance against counterparties, industry standards and peers.
ITP Data Analytics, which replaces DTCC’s legacy Benchmarks service, consumes underlying daily transaction activity from CTM, DTCC’s post-trade central matching service. Firms’ data is aggregated and analysed across multiple metrics and dimensions, providing insights on operational performance across asset classes as well as comparisons to industry averages, counterparty timeliness and efficiency. The data is
Daemon, a USD4 billion alternative investment management firm founded in Brazil, has expanded its US alternative investments arm.
The expansion of the business will enable the firm to further build upon its decades-long track record of investing across export finance, quantitative and ESG strategies globally. In conjunction with the US expansion, Daemon has bolstered its leadership team with the addition of two managing partners: Paul J Huchro, an experienced credit trader and former Partner and Head of Credit Flow Trading at Goldman Sachs, and Erik Buischi, formerly Head of Volatility at Stone Ridge Asset Management.
Based in Miami, Huchro
Cboe Global Markets, a provider of global market infrastructure and tradable products, has appointed Stephen Berte as President of its BIDS Trading unit, effective 4 April, 2022.
Berte has nearly twenty years of experience in equity trading and is joining BIDS from Tourmaline Partners, where he was a Managing Director and founded and led its Boston office.
Berte started his career in equity trading with Standard Life Investments in Boston where he was Head of Equity Trading for the Americas and Asia Pacific, before becoming Global Head of Equity Trading, based in Edinburgh. He then went on to become Head
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