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CI Financial Corp (CI) has made a strategic investment in GLAS Funds (GLASfunds), a turnkey alternative investment platform and alternative asset management firm based in Cleveland.
Founded in 2009, GLASfunds is a tech-enabled platform providing investors with secure and streamlined digital access to institutional-quality alternative investment opportunities and asset management oversight. It has approximately USD1.1 billion in combined assets under management and assets under contract.
CI’s investment will strengthen GLASfunds’ offering to the broader market, while providing CI Private Wealth clients with enhanced access to alternative asset classes through a best-in-class platform.
“Alternative assets are an increasingly important part of
According to a new research paper, Financing the Economy, published by the Alternative Credit Council (ACC) in partnership with Allen & Overy, private credit managers are accelerating the integration of ESG into their investment strategies and engagement with businesses on sustainability.
The ACC surveyed 57 private credit managers and investors based across the US, Europe and Asia Pacific that collectively manage more than USD600 billion. The research found that 74 per cent already integrate ESG into their investment strategies and consider it to be a core part of their approach to due diligence, borrower engagement and investor reporting.
Beyond investing,
Citigate Dewe Rogerson, an international financial and corporate communications consultancy, has appointed Dominic Tonner as Director.
Dominic is a hedge fund and private equity strategic communications specialist who joins from a leading reputation management consultancy where he advised clients across financial services and other sectors. Previously he was Global Head of Communications at the Alternative Investment Management Association (AIMA), the global hedge fund industry body, from 2014-2018. He spent the first 14 years of his career as a journalist, contributing to The Sunday Times and the Financial Times, among other titles.
He will be working closely with Senior Director Christen
CoinShares International Limited (CoinShares) has appointed Christine Rankin and Viktor Fritzén as Independent Non-Executive Directors of the Company.
Rankin is a former Partner at PWC and has held positions of trust at several organisations including Spotify, NASDAQ and Cherry AB. She currently holds the position of Senior Vice President, Corporate Control of Veoneer, a worldwide leader in automotive technology. Christine earned her Bachelor in Business Administration and Economics from Stockholm University. She is a Swedish citizen and is based in Stockholm, Sweden.
Fritzén held the positions of Global Investment Research Analyst and Corporate Finance Analyst at Goldman Sachs and GP
Digital token trading platform Bitfinex has enabled its users to deposit and withdraw Tether tokens (USDt) on the Avalanche transport protocol.
The launch of USDt on Avalanche, a decentralised smart contracts platform built for the scale of global finance, further expands the reach of USDt, the largest stablecoin by market capitalisation.
The Avalanche protocol is designed as a highly scalable ecosystem with the aim of delivering near-instant transaction finality while levying low transaction fees that are fractions of a cent.
“I’m sure our growing user base will appreciate the immediacy of access to Avalanche’s highly scalable and decentralised network,” says
CTAs and trend-following hedge funds remain on track for their best annual performance since 2014’s landmark performance, with managers continuing profit from continued trends across bonds, equities, indices and commodities markets in the run-up to year-end.
Société Générale’s main CTA Index – which charts the daily performances of 20 of the largest CTAs, including funds managed by Man AHL, Graham Capital, Systematica, AQR, and Aspect Capital – remains up more than 9 per cent this year. It ended October on a high, generating 2.56 per cent for the month, though the first week of November has seen it give back
Jurors in a Boston federal court have returned a verdict in the Securities Exchange Commission’s favour against a hedge fund adviser and his investment advisory firm.
Gregory Lemelson and Massachusetts-based Lemelson Capital Management LLC were charged with fraud in September 2018 for reaping more than USD1.3 million in illegal profits by making false statements to drive down the price of San Diego-based Ligand Pharmaceuticals Inc.
The SEC’s evidence at trial showed that after establishing a short position in Ligand through his hedge fund, Lemelson made a series of false statements to shake investor confidence in Ligand and lower its stock
A first-of-its-kind report on separately managed accounts (SMAs) in the hedge fund industry from national law firm Seward & Kissel LLP reveals that investor demand for bespoke products has resulted in an increase in SMAs.
The SMA Snapshot Report offers detailed metrics on the individualised accounts that are increasingly favoured by large ticket investors.
“The demand by investors for specific terms and strategy exposure is substantial, and only growing, which has been a large contributor to the increase in SMAs,” says Steve Nadel, a partner in the Investment Management Group of Seward & Kissel and lead author of The
Insig AI, a data science and machine learning solutions company providing ESG solutions to the asset management industry, has now delivered its ESG scoring tools to CarVal Investors (CarVal), a global alternative investment manager, to support its risk scoring methodology.
This follows the Company’s previous announcement “Insig to support CarVal Clean CLO Product Line” released on 23 July 2021.
Insig AI’s ESG solutions supports CarVal’s ESG risk assessment model measuring each asset across six themes:
Climate Change, including carbon emissions and carbon footprint
Natural Capital, including raw material sourcing and water stress
Pollution, including toxic emissions and waste
Human
Alter Domus, a provider of integrated solutions for the alternative investment industry with USD1.3 trillion in global AUA, and Canoe Intelligence (Canoe), a financial technology company redefining data management processes for alternative investors and allocators, have formed a strategic partnership to provide clients with alternative data management solutions that combine best-of-breed automated technology and data accuracy.
