Latest News
Numis, an independent UK investment bank and corporate adviser has extended its use of the cloud-based Torstone Post Trade platform, to manage its obligations under the Central Securities Depositories Regulation (CSDR).
The Torstone Post Trade platform is a multi-asset, multi-entity cloud-based SaaS solution, covering electronic trade capture, allocation, confirmation, settlement, accounting, risk, corporate actions, reconciliation and regulatory reporting.
The platform provides a comprehensive, flexible user experience for middle- and back-office staff, increasing automated straight through processing (STP) and reducing manual effort.
Exabel, an alternative data analytics platform for investment teams, and MedMine, a source of medical devices and hospital supplies procurement data, have teamed upon to launch the MedMine Insights Platform.
The platform will give portfolio managers and hedge funds additional insights based on MedMine’s medical products purchase data, via delivers user-friendly dashboards, visualisations, KPI monitoring capabilities, and enables investors to spot trend shifts in MedMine’s medical equipment data.
Through the partnership with Exabel, MedMine’s clients can now much more easily and quickly leverage alternative data to exploit investable insights.
London-based hedge fund firm Lodbrok Capital’s European Credit Opportunities Fund was up 32 per cent last year, according to a report by Bloomberg.
The returns came on the back of investments in Swiss bakery firm Aryzta AG, UK oil services firm Valaris, and German industrial property company Deutsche Industrie REIT AG, according to a letter sent to Lodbrok Capital’s investors.
Lodbrok joins a growing list of strong performing opportunistic credit funds including CastleKnight Management, whose flagship fund returned a net 64 per cent in its first full year, and Apollo Global Management, which posted a net 10 per cent gain.
Digital asset investment products saw inflows totalling USD14.4 million last week, breaking the prior five-week run of outflows, according to the latest weekly Digital Asset Fund Flows Report from Coinshares.
Canada’s Brookfield Asset Management has its sights set on establishing a European presence for its hedge fund business, according to a report in the Financial Times.
The Toronto-based firm’s Brookfield Hedge Fund Solutions Advisors, a USD1 billion multi-strategy unit trading areas such as equity market neutral and event-driven, has, until now, based all of its trading teams in New York.
According to the report though, the firm is now actively recruiting for a European team which will be operate out of a new office in London.
Trian Fund Management, the activist hedge fund run by Nelson Peltz, has acquired a stake in Unilever Plc, according to the Financial Times and Reuters.
ABC arbitrage Asset Management, a French investment management company licensed by the Autorité des Marchés Financiers (AMF), and a wholly-owned subsidiary of ABC arbitrage, has appointed Alexandre Ospital as it Chief Executive Officer (CEO).
LoCorr Funds, a provider of low-correlating investment solutions, has marked the 10-year anniversary milestone of its Long/Short Commodities Strategy Fund (LCSAX, LCSCX, LCSIX).
LoCorr Long/Short Commodities Strategy Fund is a multi-manager commodities strategy with the flexibility to take both long and short positions in global commodity markets. The Fund seeks to provide portfolio diversification through low correlation to traditional markets and has the potential for profit during both rising and falling commodity markets.
Less than 11 per cent of funds in Morningstar’s Systematic Trend Category achieve this longevity.
Hanover Investors has appointed Brett Lankester, the former Chief Executive of UBP London, as a Senior Partner.
Lankester is spearheading the development of the firm’s capital raising and investor relations capabilities. Along with Matthew Peacock, the Founder and Chairman of the specialist investor, and with other Senior Partners, he will also be involved in developing the strategic direction of the firm which operates in under-analysed and illiquid markets.
Lankester is a senior figure in the sector; he was UBP’s London Chief Executive for three years following the Swiss private bank’s acquisition of ACPI Investment Managers, which he co-founded in 2007.
Private equity firm Montagu has completed its investment in Waystone, a provider of institutional governance, risk, and compliance services to the asset management industry, while Hg, a global software and services investor, is also joining as a strategic investor and joint shareholder in the firm.
Montagu first announced its investment in Waystone in July 2021. Hg’s investment is subject to regulatory approval and customary closing conditions.
Founded in 2000 and based in Dublin, Waystone serves clients with assets under management totalling more than USD1 trillion, delivering the tools and expertise to manage their governance and regulatory requirements, enabling them to
