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ELYSIA, a decentralised project linking has raised a strategic investment (USD1 million) from FBG Capital, a Singapore-based cryptocurrency hedge fund and venture capital firm.
The ELYSIA Foundation plans to utilise FBG Capital’s network to preoccupy the global market and accelerate technological advancement through this investment.
ELYSIA is a protocol that makes real assets into asset tokens (NFTs) to be used on-chain, and the asset tokens created in this way can be used in ELYSIA’s DeFi, ELYFI. ELYFI is the first DeFi project to utilise real assets brought on-chain through the ELYSIA protocol. Participants in the ELYFI Protocol can obtain investment
The World Carbon Fund delivered +2.31 per cent in December, bringing full year 2021 performance to +59.26 per cent.
All five compliance carbon markets generated positive returns in December, though the EUA once again displayed huge intra-month volatility.
The Fund’s “Core Long” strategy successfully captured upside from these moves and “Alpha Strategies” continued to deliver on its objective of generating returns from a variety of intraday and spread trading strategies.
BNP Paribas Asset Management (BNPP AM) has finalised the integration of BNP Paribas Capital Partners (BNPP CP), its specialised alternative multi-management platform including private asset fund solutions, as well as funds of hedge funds and UCITS-compliant hedge funds.
In line with BNPP AM’s strategy of accelerating the development of its private asset investment strategies, and following the signing of the acquisition of Dynamic Credit Group in September 2021, the integration of BNPP CP further strengthens BNPP AM’s Private Debt & Real Assets investment division (PDRA), bringing its assets under management to more than EUR20 billion.
The closing of this transaction
Lazard Asset Management (LAM) has appointed Nick Savastano as Head of Third Party Distribution (TPD) for Lazard Asset Management in the Middle East.
Based in Dubai and reporting to Farah Foustok, Chief Executive Officer of Lazard Gulf Limited, Savastano will be responsible for TPD for LAM in the Middle East.
Prior to joining the firm, Savastano spent fourteen years as Senior Executive Officer at Invesco Middle East and Africa, being Head of Middle East Partnerships and Financial Institutions from 2014 to 2018. He was Head of Banking Partners for Zurich Middle East between 2000 and 2006. Savastano also worked
Ninety One has appointed Juliana Hansveden, CFA, as Portfolio Manager, Emerging Markets Sustainable Equity.
In this newly created role, Hansveden will be responsible for developing a strategy which will complement Ninety One’s suite of sustainable capabilities, inclusive of Global Environment, Global Sustainable Equity, UK Sustainable Equity and Global Multi Asset Sustainable Growth. She will be based in London.
With fifteen years industry experience and recognised as a triple AAA-rated Citywire Portfolio Manager, Hansveden joins Ninety One from Nordea Asset Management. In her role at Nordea, Hansveden was responsible for managing the EUR6 billion Emerging Stars Equity and Asian Stars
Elliptic, a provider of on-chain blockchain analytics, has launched a market intelligence unit – a second line of business for the organisation that is focused on leveraging Elliptic’s best-in-class identity graph to build new propositions and use cases for businesses trading crypto.
The hedge fund industry returned to monthly gains in December, returning 1.26 per cent for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
A new macro trading unit established by Schonfeld Strategic Advisors has been allocated USD5 billion, including leverage, according to a report by Bloomberg.
Led by industry veterans Colin Lancaster and Mitesh Parikh, the new unit which is due to debut next week, will start with 10 portfolio managers including former Balyasny’s Farouk Juma, who has come out of retirement to join the venture, Miami-based Andrew Foray, former Citadel macro trader Amu Latif, Daniel Stewart from GIC Asset Management, Manas Baveja from Balyasny, and Dev Sahai from Maniyar Capital.
Research will be run from London by Jaime Villa.
JP Morgan Asset Management has released its fourth annual Global Alternatives Outlook, providing a 12-to-18 month outlook across every key alternative asset class and highlighting the views of the CEOs, CIOs and strategists from the firm’s USD200 billion-plus alternatives platform.
The report, which features views from the firm’s 18 investment engines across private credit, private equity, hedge funds, real estate, infrastructure, transportation and timber, encourages investors to consider opportunities presented by megatrends across alternative asset classes as it becomes increasingly difficult to generate stable income-driven returns and alpha through the public markets alone.
The 2022 Global Alternatives Outlook also provides
Alternative assets fund managers, who are currently holding more than USD13 trillion in assets under management (AUM) — continuing the year-on-year growth since 2010 — are expected to hold USD23.21 trillion by the end of 2026, according to Preqin’s 2022 Global Alternatives Reports.
Private equity & venture capital (PEVC) is by far the largest asset class, with AUM estimated to be in excess of USD11 trillion as of December 2026, accounting for almost half (49 per cent) of alternative assets AUM. Private debt is expected to be the fastest-growing alternative asset class over the next five years – with a
