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Accern, a no-code artificial intelligence (AI) platform for financial services, has formed a new strategic partnership with LPA, a software and consulting firm focused on technology for the capital markets.
The partnership will drive additional growth for both firms by combining LPA’s deep capital markets expertise with Accern’s platform, driving the adoption of AI-powered investment research among clients in North America, Europe, and Asia.
LPA provides technical innovations and consulting services for the capital markets industry, which optimise processes and ensure regulatory compliance. The partnership strategically aligns the long-term missions of both companies, aligning Accern’s approach to AI technology
Trium Capital ethical hedge fund the Trium ESG Emissions Impact Fund has returned 5.8 per cent this year – ahead of 97 per cent of its peers – by avoiding big tech stocks such as Facebook owner Meta Platforms, according to a report by Bloomberg.
Similar hedge funds have averaged a 0.8 per cent decline.
Bloomberg quotes Trium co-Chief Executive Donald Pepper as saying that there are plenty of European companies that offer more more enduring ESG attributes.
The fund’s holdings are said to include SSAB AB, Earmet SA, and Centrica.
HSBC Asset Management (HSBC AM) has appointed John Dewey as Head of Alternative Solutions, HSBC Alternatives. He will initially be based in London and will report to Joanna Munro, CEO, HSBC Alternatives.
In this newly created role, Dewey will be responsible for leading business development for HSBC Alternatives, working with the Alternatives business heads and the Asset Management sales teams. He will lead a team of alternatives client professionals. Given the expansion of HSBC AM’s activities in Asia, the intention is for John to relocate to Singapore later this year to take on the additional role of Regional Head of
The Royal Bank of Canada’s specialist fixed income manager, BlueBay Asset Management (BlueBay), has opened a new office in Madrid, Spain to serve Iberian investors more closely.
BlueBay is particularly well-known in Europe, where it already has a direct presence in five countries.
BlueBay has been a wholly-owned subsidiary of RBC Asset Management for more than a decade and the new BlueBay office will be located within the RBC Madrid office.
The new office will support both BlueBay’s fixed income clients, as well as the equities clients of its parent company, RBC Asset Management.
Macro hedge funds posted strong, negatively-correlated gains in January as equity and fixed income markets suffered steep losses, while investors positioned for sharp interest rate increases and generational inflationary pressures to begin 2022, with investable HFRI 500 Macro Index advancing +1.35 per cent for the month.
Piper Sandler Companies has completed the acquisition of macro research firm Cornerstone Macro.
Cornerstone Macro’s senior research analysts connect macro insights from around the world to deliver a comprehensive overview of important global trends. Cornerstone Macro will continue providing its as Piper Sandler & Co’s macro research team, led by Nancy Lazar, Andy Laperriere, Roberto Perli and Michael Kantrowitz.
Cornerstone Macro’s research and equity derivatives trading team is an ideal complement to Piper Sandler’s single stock coverage platform, with over 1,000 companies covered and ranking No1 in total names under coverage in the small & mid-cap category.
Rising Sun Management (RSM) has offered to buy 100 per cent of Japanese marketing research firm Intage Holdings for JPY1900 per share through its Japanese vehicle Hikari Acquisition KK.
The offer values Intage at approximately JPY76.7 billion.
Paul ffolkes Davis, Chairman of RSM, made the offer in a letter delivered to Noriaki Ishizuka, President and Representative Director, Intage Holdings.
“We expect you to now convene an ‘independent committee’ as described by Japanese M&A guidance rules to evaluate our offer,” ffolkes Davis said in the letter. The offer is subject to financing and approval by the Board of Intage Holdings.
big xyt, an independent provider of smart data and analytics solutions to the global trading and investment community, has launched the Global Exchanges Directory, an interactive web portal providing key information on 97 worldwide stock exchanges and alternative trading venues in seven regional categories.
Designed to address the problem of ever increasing complexity for market professionals who regularly use the global markets, the Global Exchanges Directory helps traders and others working in the financial markets to better understand the local market structure. They can easily navigate the mosaic of different time zones, trading calendars and market timings that they need
BTIG has appointed Alex Alden as a Managing Director and Head of Financial Institutions and Financial Technology within its Investment Banking division.
Alden will oversee the firm’s efforts to deliver a complete set of advisory and capital solutions to BTIG’s financial services and financial technology clients globally. In his new role with the firm, he will be based in BTIG’s San Francisco office and report to Matt Clark, Global Head of Investment Banking.
Alden brings more than 25 years of industry experience to BTIG. Most recently, he was a Managing Director and Head of Financial Institutions and Head of Financial
The CFA Society of the UK (CFA UK) has launched a new qualification, the Certificate in Climate and Investing (CCI).
