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Aries I Acquisition Corporation (Aries) has appointed Andrew Lester to its Board of Directors, and Chris Perry to serve as an adviser to the Board.
Lester has over 40 years of experience building and managing businesses. Along with his brother Mitchell, he built a 10-person team at Donaldson, Lufkin & Jenrette (DLJ) that specialised in providing research coverage to hedge funds, family offices, and managing retail capital for 17 years. After DLJ was sold to Credit Suisse, the Lester Brothers’ team moved to ABN-AMRO where Andy was Managing Director and Co-Head of Hedge Fund Sales and Research.
Subsequently, Leser was
B Riley Financial, a diversified provider of business advisory and financial services, has acquired the investment advisory business of 272 Capital.
Led by Wes Cummins, the growing registered investment advisor employs an in-depth primary fundamental research approach to its long/short investment thesis, specialising in small cap equity securities. This addition closely aligns with B Riley’s focus on active small cap management and serves to complement both firms’ investment offerings for institutional and individual high-net-worth clients.
Bryant Riley, Chairman and Co-Chief Executive Officer of B Riley Financial, says: “Expanding our asset management base remains one of our highest priorities. Wes and
Talos, a technology provider for the institutional trading of digital assets, has launched a new feature on its platform that allows its clients to define and trade synthetic pairs that include FX and crypto “legs.”
The Depository Trust & Clearing Corporation (DTCC) has launched an enhanced DTCC CDS Kinetics platform to support growing demand for more transparency into the credit default swaps (CDS) market within the over-the-counter derivatives space.
DTCC CDS Kinetics provides position data on credit default swaps sourced from DTCC’s Trade Information Warehouse (TIW), offering notional outstanding, net notional, and trading volume metrics on securities including single-name, index, and index tranche. TIW is a centralised infrastructure for reporting and asset servicing on approximately 98 per cent of all credit derivative transactions outstanding worldwide.
Recognising that credit default swaps are a critical data
Copper.co, a provider of digital asset custody and trading solutions, is expanding its operation in the Americas with the senior appointment of Glenn Barber as Head of Sales & Business Development, and the opening of a new East Coast office.
The London-headquartered startup, founded in 2018, has raised USD84.3 million of funding to date, most recently via a USD75 million Series B, which included a USD25 million extension led by Alan Howard.
Barber joins US-based Business Development Directors Doug Bilyk and Betty Sharples. Together, they will lead the efforts to make Copper the number one choice for US institutions
CoinShares International Limited, a European digital asset investment platform today announced, is to contribute real-time crypto pricing data to the Pyth network, a decentralised financial market data distribution platform for aggregated data.
The Pyth network is built on Solana, a blockchain protocol well-suited for timely and effective receipt and distribution of market data used in high frequency trading operations and environments where trust, accuracy, and speed are critical to performance. CoinShares participated in the Solana token sale in Q2 2021 and is evaluating opportunities to migrate core trading and capital markets infrastructure onto the Solana network. By participating in
AxiaFunder, Europe’s first for-profit litigation funding platform, has secured GBP1.9 milliion from investors since launching in January 2019, with a 100 per cent success rate on completed cases.
Co-founded by investment banker Cormac Leech and entrepreneur Sophie Liu, AxiaFunder has fully funded a total of 13 cases via its platform so far, winning all five that have been concluded with an average investor return of 55 per cent, and as high as 94 per cent.
The other eight cases remain ongoing including a software case in Barcelona, AxiaFunder’s first international case. Two further litigation investment opportunities have recently been added
Voting is now underway for the Hedgeweek Americas Awards 2021, which will be announced and celebrated at an exclusive awards presentation ceremony and industry networking event to be held on Thursday, 21 October at The University Club of New York.
The Hedgeweek Americas Awards – hosted by Hedgeweek, with fund manager data being provided in partnership with Bloomberg – recognise and honour excellence among hedge fund managers and service providers in the Americas.
The hedge fund categories cover a wide range of investment strategies – including Equity, Credit, Macro, CTA, Event-Driven, Specialist Sector, Relative Value, Insurance-Linked Strategies, Structured Credit and
Stockholm-based Brummer & Partners’ flagship multi-strategy hedge fund vehicle remains flat for the year after ending July close to zero, with its equities-focused strategies suffering negative performance last month.
Brummer Multi-Strategy (BMS) fell 0.1 per cent in July in both its SEK and dollar-denominated classes, with the twice-levered BMS 2xL version down 0.3 per cent in both classes.
Overall, the BMS vehicle remains flat year-to-date at 0.2 per cent, with the twice-levered strategy returning 0.0 per cent in the seven month-period since the start of January, having ended the first half of 2021 in broadly similar territory, the Swedish fund
Transaction Network Services (TNS) is expanding its presence in India with the launch of a new connection to the India International Exchange (INX) located at the International Finance Services Centre, Gujarat International Finance-Tec City (GIFT City) Gandhinagar.
This new connection delivers low latency access to India INX for both market data and order routing services.
India INX had an average daily turnover of USD 11.67 bn in May 2021 with a market share of 98.15 per cent in GIFT IFSC. The all-time high turnover of India INX has been USD30.3 billion on 10 March, 2021. A subsidiary of BSE,
