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European credit specialist AlbaCore Capital Group (AlbaCore) has made three senior hires to reinforce its Operations, Business Development and Investor Relations teams.
As part of the growth of the AlbaCore platform, investing across the European credit spectrum with USD8.5bn AUM, AlbaCore has bolstered its senior executive group. Jenny Fung is appointed as Managing Director of Investor Relations in New York to further expand global investor relationships and our commitment to the region. Tara Mulholland joins as Head of Business Transformation and Micaela Kelley as Deputy Chief Operating Officer to support Matthew Courey, Chief Operating Officer and Founding Partner.
Fung brings
Digital asset investment products saw inflows totalling USD42 million last week, according to the latest Digital Asset Fund Flows weekly report from CoinShares.
Inflows were seen across all digital assets and signals what we believe to be continued improving sentiment amongst investors.
Bitcoin saw inflows of USD15 million, having suffered the most from negative investor sentiment recently with inflows in only three of the last 16 weeks.
Solana, despite recovering from a network outage caused by a DDoS attack, saw inflows of USD4.8 million. This suggests investors were happy to shrug-off the attack, seeing it as teething problems rather than
Umbria’s ultra-low-cost liquidity bridge now supports ETH and MATIC in addition to USDT and UMBR.
Using Narni, the native tokens for the Ethereum and Polygon networks can be transferred exceptionally quickly and cheaply cross-chain. ETH, which was launched first, can be bridged from the Ethereum to Polygon Network for as little as USD2.56 in gas, which is significantly less than other bridges. This has caused the Narni Bridge to be adopted rapidly by many DeFi participants and has especially caught the attention of the Zed Run community, who had previously been hampered by prohibitively expensive gas fees.
Another considerable
CME Group has launched what it says is the derivatives industry’s first-ever Sustainable Clearing service to help market participants track and report on how their hedging activities are advancing their sustainability goals.
The recent surge in natural gas prices is helping to generate eye-catching returns for Drury Capital, the long-running US trend-following hedge fund firm led by former grain trader Bernard Drury.
High-net-worth clients from in and around the Southern United States are continuing to favour allocations to an array of niche credit strategies, according to a Dallas-based investment advisor.
Launched in October 2019, the tailored product managed by alternatives provider SYZ Capital, in partnership with Banca March has reached the symbolic milestone of EUR200 million of assets under management – effectively doubling in a year.
The fund has also made, since its October 2019 inception, an annualised return of 5.4 per cent while enjoying an exceptional 1.3 Sharpe ratio, leading its peer group.
Managed by a team led by veteran fund manager Cédric Vuignier, head of liquid alternative managed funds, OYSTER BM Alternativos invests in select equity hedge, event driven, macro and relative value strategies with the aim of
Apex Group Ltd (Apex), a global financial services provider, has launched a Carbon Footprint Assessment & Reporting service to meet growing market demand.
The new offering helps funds and companies to measure the sources of emissions, implement plans to reduce their carbon footprint and provide a mechanism to offset any residual emissions.
The launch coincides with new global research by Apex which found that 91 per cent of private equity leaders believe that Climate Change is an urgent issue, and 81 per cent agree that they and their portfolio companies should take greater responsibility for their carbon footprint.
Kneip, a specialist in fund data management, has appointed Cyril Molitor as its new Chief Operating Officer (COO).
Molitor brings 20 years’ industry experience, having occupied several senior positions at leading financial services institutions, including HSBC, Credit Suisse and AXA. He was most recently the CEO of Woven, a leading outsourcing provider, where he drove technological innovation and delivered service excellence to its clients. Prior to this, he was the Chief Transformation Officer and Director at Innovation Group Business Services, a leading InsureTech company which he set up in South Africa. Molitor is an experienced and accomplished leader with an
Montréal Exchange (MX), Canada’s derivatives exchange, has launched the next phase of its extended trading hours initiative, offering investors in the Asia Pacific region the opportunity to manage their exposure to Canadian markets and execute cross-market strategies in their local time, almost 24 hours a day.
“We are extremely excited to launch this new phase of MX’s globalisation strategy, as we continue to push the evolution of our markets and address the increasing global demand for Canadian derivatives,” says Luc Fortin, President and Chief Executive Officer of MX and Global Head of Trading, TMX Group. “In keeping with the trend
