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The Citco group of companies (Citco) has enhanced its Citco Data Services platform to enable clients to receive data directly via their own cloud provider.
The cloud delivery feature removes a number of steps for clients wishing to access their data, speeding up the process significantly for users and putting them in control of their data.
The upgrade means users of Citco Data Services – the group’s premium, web-based data integration and reporting platform – will now receive their data when and how they want via their own cloud providers.
The enhancement is destination agnostic for clients using Citco Data
Fintech-enabled fund manager TradeFlow Capital Management (TradeFlow), part of the Supply@Me Group (LON:SYME), and Baltic Exchange, a provider of global freight market information and other maritime services, have successfully completed a pilot escrow transaction as part of a commodity trade executed through TradeFlow.
The transaction, which involves a shipment of agri-commodities from India to China, heralds a new age in the fast and secure digital exchange of ownership of physical commodities and payment. The service will initially focus on the underserved segment of small and medium-sized enterprises (SMEs) operating in the bulk commodity markets.
This successful test case paves the
RBC Global Asset Management’s specialist fixed income manager, BlueBay Asset Management (BlueBay), is strengthening its Business Development team in Munich, Germany, with the appointment of Julian Mueller as Director, Business Development, reporting into Michael Wolfram, Head of Institutional Sales Germany and Austria.
The appointment of follows several other appointments in the Munich office in 2021, reinforcing BlueBay’s commitment to strengthening its presence in the Northern Europe region.
Before joining BlueBay, Mueller spent five years working for German Asset Manager DJE Kapital AG in Pullach, most recently in the role of Head of Sales Institutional Clients. He started his career in
Hedge funds advanced in December to conclude a strong year dominated by uncertainty and high volatility, as managers navigated the dual challenges of increasing interest rates and inflation, as well as the impacts of the second year of the global coronavirus pandemic.
CTAs recorded small gains in December, recovering some of the losses from November to finish up the best year since 2014. The SG CTA Index had positive performance of 0.45 per cent in December, completing the year up 6.27 per cent, according to data released by Society Generale.
Trend-followers continued to lead performance in December, posting profits of 0.64 per cent for the month, and finished 2021 up 9.25 per cent.
CTA performance was consistent throughout December, and 75 per cent of the individual CTA programs in the CTA Index posted gains for the month. Positive performance came from both
EEX Group’s European Spot markets reported a new high of 57.3 TWh (previous record in March 2021: 55.9 TWh) in December, with records reached in both Intraday (Austria) and Day-Ahead (France, Denmark, Nordics) markets.
Symbridge Holdings, a digital asset exchange built specifically for future-minded traders, has secured a USD9 million strategic investment from newcomer investor Traxys North America (Traxys), a physical commodity trader and merchant in the metals sector.
One of the world’s biggest commodity traders, Traxys, is diversifying into new trading markets with its investment in Symbridge. The partnership will also support Symbridge in meeting increasing investor demand for digital representation of physical commodities.
Adam Katz, a former Elliot Investment Management executive, and Andy Dodge – ex-Induba Capital Management – to launch a mid-cap focused activist hedge fund according to Bloomberg.
Capital-riaisng is said to be already underway for the new fund, which will be called Irenic Capital, with US250 million having been raised so far, including USD150 million commitent from the Fribourg family, owners of Continental Grain Co.
Hedge funds are selling growth-focused tech stocks at the fastest rate in a decade due to rising bond yields, according to a report by CNBC.
In the four sessions between 30 December and 4 January, hedge funds sold off tech stocks as interest rates spiked in what was the the biggest sale in dollar terms in more than 10 years.
Goldman Sachs says that hedge fund sales of technology stocks were driven almost entirely by long sales, as opposed to mostly short sales in the final two months of 2021, with sales driven by software and semiconductor stocks.
Accelex and SimCorp have formed a partnership that combines technology solutions to benefit alternative investors globally.
