Latest News
Professor Álvaro Cartea has been appointed as the new Director of the Oxford-Man Institute of Quantitative Finance (OMI), an academic research institute at the University of Oxford that specialises in machine learning and data analytics within quantitative finance.
Professor Cartea brings significant expertise in algorithmic trading, mathematical finance, financial economics, asset pricing and energy markets to the leadership role. The Oxford-Man Institute is in its 15th year of continuous operation at an exciting time within quantitative finance for advances in machine learning, vast data availability and high-performance computing.
Álvaro is currently Professor of Mathematical Finance in the Mathematical Institute,
Northern Trust is to take an equity stake in Essentia Analytics, a provider of behavioural analytics and consulting services.
The addition of Essentia behavioural analytics solutions is an extension of Northern Trust Whole Office, a strategy that facilitates client access to new technologies, services and solutions across the investment lifecycle.
“We continue to pursue a strategy that combines Northern Trust’s global architecture with innovative partners like Essentia to help clients maximise the value of their data and optimsze investment performance,” says Pete Cherecwich, President of Corporate & Institutional Services at Northern Trust. “Essentia’s next generation data analytics technology allows
Audrey Strauss, United States Attorney for the Southern District of New York, sentenced Stefan He Qin to seven years in prison for fraud and embezzlement.
Quadratic Capital Management, an innovative asset management firm, today announced the launch of the Quadratic Deflation ETF (NYSE Arca: BNDD).
Edge Focus, a technology company that applies machine learning and artificial intelligence to analyse credit, has entered into a strategic partnership with prominent hedge fund Brevan Howard and global quantitative trading firm DRW.
“I cannot think of two better complementary partners to enable us to accomplish our ambitious goals while using our technology to lower the cost of capital for millions of borrowers,” says Elliott Lorenz, co-founder and CEO of Edge Focus.
“We are delighted to partner with Edge Focus, whom we view as an exciting and innovative manager in the field of consumer credit,” says Aron Landy, CEO of
The Australian Securities and Investments Commission (ASIC) has banned Dylan Christopher Rands, of Sydney, NSW, from providing financial services for five years after finding he engaged in market manipulation.
Rands was a former dealer and portfolio manager at AUD2 billion hedge fund group Regal Funds Management Pty Ltd (Regal). As part of his portfolio-manager role, Rands managed trading in Clearview Wealth Limited shares, which were held in several Regal funds.
ASIC found Rands engaged in manipulative trading in relation to Clearview Wealth shares and breached the Corporations Act when, between December 2018 and June 2019, he entered into 112 uncommercial
South Street Securities LLC (SSS) has appointed Andrew Leone as Managing Director in its Equity Finance Team.
“We are in our next phase of growing our Equity and technology offering and I see Andrew’s experience and knowledge as the perfect fit for our team and expanding our client base,” says Anthony (Tony) Venditti, Managing Director of South Street Securities. “I am thrilled that Andrew has the lead role in Equity Finance at our firm. We wish him the best of luck!”
Leone joined South Street Securities LLC in September 2021 as Managing Director of Equity Finance. He is imperative in
Man GLG, the discretionary investing unit of London-listed global alternative investment giant Man Group, has launched a new sustainability-focused long/short equity hedge fund which will trade across regions and sectors with a positive ESG bias.
The Man GLG RI Global Sustainable Growth Alternative UCITS strategy – which is classified as an Article 8 product under the EU’s Sustainable Finance Disclosures Regulation (SFDR) – is targeting absolute returns. It takes a positive ESG bias in global markets, combining a high-conviction long portfolio of 25-45 stocks with a short book designed to hedge market and factor risk. The short portfolio also aims
JTC has acquired Ballybunion Capital Limited (Ballybunion), a boutique asset manager based in Ireland. The initial consideration will be settled in cash and JTC equity. A further deferred consideration is available on the achievement of performance targets in the current year.
Founded in 2009, the Ballybunion provides management and regulatory oversight services to investment funds and offers ManCo services as an Alternative Investment Fund Manager (AIFM) as well as portfolio management and risk management solutions.
Ballybunion has a strong reputation and its solutions based service offering has focused on the premium end of the market, covering both alternative and traditional
LSEG’s (London Stock Exchange Group) Turquoise Plato is connecting to OpenFin in response to the industry need for workflow efficiencies, application interoperability, and a more unified desktop experience for the buy-side and member firm users.
Turquoise has a proven track record in delivering innovation and liquidity opportunities to the market, with Turquoise Plato Block Discovery having seen record levels of block trading activity on Turquoise and Turquoise Europe in 2020. With this collaboration, Turquoise is continuing to deliver on its mission to identify efficient, collaborative operating models that reduce the implicit cost of trading, contribute to long-term investment returns and
