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Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), has revealed that the SEC is reviewing its whistleblower programme.
Delivering keynote remarks at the National Whistleblower Center’s (NWC) National Whistleblower Day 2021 celebration, Gensler spoke of the critical role whistleblowers play in SEC enforcement efforts and reemphasised his commitment to the agency’s whistleblower programme. He also revealed that he has directed staff to review the whistleblower programme in order to improve its efficiency and effectiveness.
“The tips, complaints, and referrals that whistleblowers provide are crucial to the Securities and Exchange Commission as we enforce the rules of
Akin Gump has added John P Hamilton as a Partner in its investment management practice in New York. Hamilton comes to Akin Gump from Stradley Ronon Stevens & Young, LLP.
Hamilton’s practice focuses on advising private fund managers on the formation and operation of a broad range of investment vehicles across the liquidity spectrum, including hedge funds, private equity and credit funds, as well as funds of funds and managed account structures. He also advises clients on the incorporation of sustainability and impact-focused investment themes into their product offerings. In addition, Hamilton works with clients on transactional and regulatory matters
State Street Corporation is to provide digital and cryptocurrency asset fund administration capabilities for the firm’s private funds clients.
In partnership with Lukka, an enterprise crypto asset data and software provider, State Street will support its private fund clients with collection, standardisation, enrichment, reconciliation, processing and reporting related to crypto and other digital assets.
The partnership is State Street’s latest effort in the digital and crypto asset space following the launch of State Street Digital, a division focused on addressing the industry’s evolving shift to digital finance, and comes after Lukka’s Series C funding round in December of 2020,
GSR, a specialist in digital asset trading, has appointed Michael Bressler as Global Head of Sales.
Bressler will lead the firm’s ongoing expansion into the institutional market, developing trading, risk management, and capital strategies for the fast-growing base fund managers it serves.
Bressler joins GSR with over 20 years of experience in trading and institutional sales at top banks and hedge funds. Most recently, he was a Managing Director and Head of Western Region Sales & Marketing at JPMorgan, where he oversaw many of the bank’s top institutional relationships. Prior to this, Bressler also spent seven years as a Managing
Curve Finance, an automated market maker protocol designed for swapping between stablecoins and other digital tokens with low fees and slippage, has today announced that it will support tether tokens pegged to the euro (EURt).
The addition of EURt to Curve – a protocol designed to create deep on-chain liquidity using advanced bonding curves – forms part of a surge in interest for the tether token pegged to the euro in the digital token space.
“As DEX’s grow in popularity, so do the requirements of their user base and we see great potential uptake of Tether tokens on the platform,”
Hedge funds are attracting greater numbers of ‘first-time’ allocators, with “unusual amounts” of fresh investors showing an interest in the space, according to London-based investment consultant, bfinance.
New interest has been growing since Q4 2020, accompanied by an increase in activity from clients with existing hedge fund portfolios.
Toby Goodworth (pictured), Head of Risk & Diversifying Strategies at bfinance, commented that prior to the end of 2020, the focus of his team was more on absolute return multi-assets than hedge funds, but following Q4 2020, “it was almost like a light switch turned on, and interest has been very solid
Allvue Systems (Allvue), an alternative investment technology solutions provider, has appointed Deborah Mason as Chief Legal Officer and member of the Executive Leadership Team.
Mason will oversee the firm’s legal team and be responsible for supporting the firm’s corporate activity and managing risk exposure. She will also work closely with the leadership team to grow the business and optimise Allvue’s legal, compliance, and business contracting practices. Mason will report directly to Chief Executive Officer Mark Heimbouch.
“Allvue’s top-notch leadership team has enabled us to make huge strides over the past year, and the addition of Deb will empower us to
O’Shaughnessy Asset Management (OSAM), a quantitative asset management firm, has introduced a suite of emerging markets (EM) and developed ex-US ADR strategies on custom indexing platform Canvas.
OSAM develops systematic, custom portfolios that optimise for the goals of financial advisers and their clients. The new offering consists of both passive and active strategies in which the passive strategies deliver market replication, and the active strategies leverage proprietary quantitative research to optimise for risk-adjusted excess return.
“The search for alpha or excess return is leading investors to the emerging markets,” says Patrick O’Shaughnessy, CFA, Chief Executive Officer of OSAM. “Good companies
Fintech, broker and asset management company Darwinex has raised EUR3 million to pursue its ambitious growth aspirations.
Leading investors in the round were Stefan Jaecklin and Pinorena Capital who were joined by Darwinex co-founders and a number of key employees in the company. Pinorena Capital, a fintech-focused investment company led by entrepreneur Illimar Mattus, has contributed with this first investment to supporting Darwinex expansion journey.
Darwinex is regulated by the FCA in the UK (Tradeslide Trading TechLimited – FRN 586466) and its latest financial figures show revenue for the financial year 2020 jumping by 72 per cent, exceeding EUR4.69 million.
Publicly-traded hedge fund giant Man Group’s funds under management have soared to a record high, powered by a mix of bumper returns across its strategies and renewed investor inflows – helping swell the London-headquartered firm’s profits during the first half of 2021.
Man’s FUM reached a record total of USD135.3 billion at the end of the June, a sharp rise from USD123.6 billion at the start of this year.
In a results statement on Wednesday, Man reported pre-tax profits of USD280 million for the first half of 2021, an eye-catching rise of more than a USD100 million compared to 2020’s
