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In a new Aeon Investments’ survey of pension funds and other institutional investors in Europe and the US, who collectively have around USD436.5 billion in assets under management, nearly one in four (23 per cent) said they have reduced their allocation to traditional fixed income assets over the past 18 months by up to 10 per cent, and half (51 per cent) said they have cut it by between 10 per cent and 15 per cent.
A further 14 per cent have reduced their exposure by more, and just 12 per cent say they have increased it. Other key findings
Apex Group Ltd (Apex), a global financial services provider, has appointed Barry O’Brien as Senior Director, Business Development.
Based in Apex’s Dublin office, O’Brien reports to John Bohan, Co-Founder and Country Head Business Development (Ireland) who he will be working with to drive the firm’s continued growth in Ireland, a key hub for the Group.
O’Brien brings over 27 years of experience working in fund solutions business development and joins Apex from US Bank Global Fund Services where he was most recently Director, Business Development. Prior to its acquisition by US Bank, O’Brien was Head of Fund Client Relations
New global research from VALK shows concerns about custodial services and security from institutional investors about Decentralised Finance (DeFi), although these are generally diminishing following strong growth in the sector and optimism about its future.
The study among professional investors working for institutional investors, hedge funds, fund managers, pension funds, investment banks, private equity and venture capital in the UK, US, France, Germany, Hong Kong,Si ngapore, Australia, and Brazil in October 2021, found 54 per cent are very concerned about custodial services in DeFi while 52 per cent are very concerned about security issues.
Regarding the regulatory environment – just
One Four Nine Portfolio Management, One Four Nine Group’s in-house discretionary fund management proposition, has appointed Jasper Berens to the board as an independent non-executive director.
Berens brings with him significant experience garnered during a career spanning 28 years in the fund management industry having previously held positions at JP Morgan AM, Artemis IM and Stratevolve. He currently serves as head of client relationships and distribution at the UK’s largest charity investment manager, CCLA, where he is spearheading the firm’s move into the intermediary market.
In his role as NED, Berens will advise on key issues relevant to the firm’s
SteelEye, a compliance technology and data analytics firm, has announced a record year of growth. Revenues increased 88 per cent year-on-year in 2021 and the company now has over 120 institutional clients worldwide, with new clients including Oppenheimer Europe Ltd and JonesTrading.
SteelEye – which is headquartered in the UK and has offices in London, New York, Paris, Bengaluru, and Braga – has seen increasing demand for its services as financial firms’ regulatory compliance needs have grown across the globe. In response, the business expanded to the United States last year, backed by USD17 million funding rounds in 2020, and
CryptoUK, the trusted voice of the UK crypto industry, has appointed Teana Baker-Taylor as its new non-executive director (NED).
Baker-Taylor joins CryptoUK having held a number of critical leadership roles in traditional finance and the digital assets industry, working directly with regulators and Capitol Hill policy makers. She is currently the Chief Policy Officer for the Digital Chamber of Commerce, a leading US trade association representing the digital asset and blockchain industry, and leads the Chamber’s Policy and Government Affairs activities.
Formerly at Crypto.com and Binance, Teana was responsible for the UK and European market strategy, operations and business development,
PineBridge Investments (PineBridge), a private, global asset manager focused on active, high-conviction investing, has hired Nicolas Kopitsis as Head of Wealth Management for Asia.
In this newly created role, Kopitsis will focus on increasing awareness and distribution of PineBridge’s investment capabilities to private banks and distribution platforms in the region.
Kopitsis has more than 20 years of asset management experience, most recently as Head of Intermediary Distribution Asia ex-Japan for BNY Mellon in Singapore.
The world’s top 20 hedge funds in terms of performance generated a record USD65.4 billion for investors in 2021, according to data released by LCH Investments, a fund of funds firm that tracks returns and is part of Edmond de Rothschild group.
BlackRock is one of a number of asset managers and hedge funds said to be opposed to the SEC’s proposed reform of US securities lending laws, according to a report in The Financial Times.
Q4 was a challenging quarter, says UBP AIS CIO
Q4 was a challenging quarter, says UBP AIS CIO