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New hedge fund launches continue to outnumber closures this year, new industry data shows.
Bloomberg has launched BQuant Enterprise, a public/private-cloud-based analytics platform (the BQuant Enterprise Platform) for quantitative analysts and data scientists in financial markets.
This customisable, turnkey solution accelerates financial services firms’ ability to compete more aggressively by incorporating quantitative approaches to all aspects of their investment processes. In addition, BQuant is the first data science solution from Bloomberg that is designed specifically for financial markets and offers operation-ready access to Bloomberg’s comprehensive range of high-quality, market leading, multi-asset-class financial and alternative data sets.
“The largest global financial firms have fully embraced quantitative investing to improve trading strategies, while reducing expenses.
Prometheus Alternative Investments has raised USD5 million in an oversubscribed seed round.
The round was led by 8VC/Joe Lonsdale with participation from a diverse set of prominent investors including Kyle Bass (Hayman Capital), Gaingels, John Quinn (Quinn Emanuel), Gil Weisblum (family office of Barry Diller), Jared Rothman (family office of Dennis Washington), Thane Ritchie, Curtis Macnguyen (Inflection Capital & Ivory Capital), Kim Kolt (For Good Ventures), Alok Agrawal (Bloom Tree Capital), Chris Blum (Global Head of Equities at JP Morgan Wealth Management) and Khalid Malik (Meridiem Capital).
Founded by former star hedge fund manager Michael Wang, Prometheus brings together a
TCI Fund Management, Sir Christopher Hohn’s activist hedge fund, says there is a “a deliberate lack of transparency” and “a selective approach to disclosure with respect to governance matters” at Canadian National Railway.
Novus Partners, a portfolio intelligence company servicing both asset capital allocators and hedge fund managers, has made significant updates to its platform as it relates to the ingestion and analysis of ‘deep’ portfolio data.
“As we continue to build on our long-term vision to become the ‘one’ platform for institutional investors, over the last 12 months we have made a series of updates to the Novus Platform that expand our portfolio intelligence capabilities; these updates enable our clients to better manage their portfolios through deeper intelligence, collaborative updates, and personalised dashboards,” says Andrea Gentilini, CEO of Novus.
These enhancements include
North Rock Capital, an investment management firm built upon a global multi-manager investment platform, has selected Glue42, the company that delivers integrated desktop experiences to financial institutions globally, to serve as the foundation to its next-generation trading and risk platform.
Against a backdrop of an ever-changing regulatory environment and an expected expansion, North Rock Capital is investing heavily in proprietary technology, infrastructure, and risk analytics. The latest version of Glue42 Enterprise provided the firm the enterprise desktop integration solution it needed to offer its portfolio managers a best-in-class workspace and personalised user experiences.
Kelly Perkins, Chief Investment Officer,
Established by founder and managing partner Natalie Hwang (pictured), New York-based Apeira Capital Advisors is a creative venture capital asset manager which uses long/short hedge fund investing techniques to invest in a broad range of private technology companies.
Prior to unveiling the firm in spring 2020, Hwang had been founder and managing director of Simon Ventures, the venture capital unit of Simon Property Group, where she built and managed a global consumers-focused technology fund. Her experience also encompasses hedge fund seeding at The Blackstone Group.
Apeira focuses primarily on early growth companies that have reached an inflective point of scale,
Angelo Gordon, a USD44 billion alternative investment firm focused on credit and real estate investing, has appointed Scott Soussa, Senior Managing Director at Blackstone and formerly co-Head of BAAM’s Strategic Capital Group, as Chief Strategy Officer, effective April 2022.
In this new role, Soussa will report to Josh Baumgarten and Adam Schwartz, Angelo Gordon’s co-Chief Executive Officers.
Baumgarten, co-CEO and Head of Credit at Angelo Gordon stated: “We are thrilled to have someone of Scott’s calibre join Angelo Gordon. Scott brings unparalleled insights and perspectives into the alternative investment management sector and we look forward to his contributions as
BTIG has appointed Michael Kaye as a Managing Director and Digital Asset Strategy and Sales Specialist in the firm’s Franchise Sales division.
Kaye will leverage his network of industry relationships to provide comprehensive views of the digital asset sector for BTIG’s institutional and corporate clients across a broad array of subsectors including blockchain technology, cryptocurrency solutions, digital payments and financial services. Kaye will be based in the firm’s New York office and report to Dan Wychulis, Managing Director and Head of BTIG US Strategy and Franchise Sales.
As the most recent addition to an expanding BTIG Digital Asset team, Kaye
Hedge funds and other alternative asset managers have just three months left to prepare for the Investment Firms Prudential Regime, the far-reaching new regulatory framework which potentially heralds “complex and multi-faceted” compliance processes for firms.
