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The Covid-19 pandemic is opening up a deeper discussion around more business functions becoming permanently outsourced, particularly among start-up and emerging hedge funds battling against budgetary constraints.
Speakers at the fourth annual HedgeweekLIVE North America Emerging Manager summit this week discussed how approaches towards outsourcing – traditionally the next step on the emerging manager journey after launch – have dramatically changed as a result of the coronavirus crisis and remote working.
Jack Seibald, managing director and global co-head of prime brokerage and outsourced trading at Cowen, believes the pandemic has accelerated what had already been a meaningful upward trajectory in terms of outsourced
The SS&C GlobeOp Forward Redemption Indicator for June 2021 measured 2.68 per cent, up from 2.46 per cent in May.
Nickel Digital Asset Management’s (Nickel) flagship Digital Asset Arbitrage Fund posted strong returns in May, extending year-to-date returns to double digits. That was despite the underlying market going through one of the deepest bitcoin corrections in recent memory.
The fund was up +2.6 per cent in May in the face of bitcoin dropping over 50 per cent from April’s record levels. This month’s profits mostly came from the perpetual swaps, the futures basis and options trading.
The fund extended its streak of all-positive months since its inception 24 months ago, while delivering an industry-leading Sharpe of 4.8. The strong performance
Linedata, a provider of asset management and credit technology, data and services, has launched a new full-service offering with Stavtar Solutions, a New York-based software and technical services company, to expand and strengthen Linedata’s expense, contract and vendor management solutions for the asset management and alternative funds industry.
Read the full story at Institutional Asset Manager…
Tesseract, an institutional digital asset lending company in Europe and emerging markets which provides digital asset lending solutions to institutional clients, such as hedge funds and retail trading platforms, globally, has raised USD25 million in its Series A funding round.
Read the full story at Private Equity Wire…
Financial market infrastructure specialist CLS’s post-trade monitoring and reporting tool, CLSTradeMonitor, has seen solid growth in adoption among asset management clients globally.
Read the full story at Institutional Asset Manager…
AcadiaSoft Inc, an industry provider of integrated risk management services for the derivatives community, has re-branded as Acadia.
Read the full story at Institutional Asset Manager…
Sinclair Capital (Sinclair Capital), a London-based alternative investment company established in May 2017 that is focused on discovering and researching liquid, uncorrelated, and asymmetric M&A-driven opportunities with a bias for Europe and small-mid caps, has appointed Charlotte Hervouet as Partner and Head of Business Development and IR.
With over 19 years of experience working in business development and investor relations in the financial services sector, in her new role, Hervouet will be responsible for leading all asset raising activities for Sinclair Capital as well as providing client service and facilitating in all due diligence requirements. She will work alongside the
BNP Paribas Asset Management (BNPP AM) has launched the BNP Paribas Multi-Asset Thematic, an innovative fund investing across BNPP AM’s range of thematic strategies.
Read the full story at Institutional Asset Manager…
Wheelhouse Advisors, a provider of prudential management, regulatory reporting and accounting, tax and HR support to the financial services sector, has partnered with ThinCats, a funding specialist for the mid-market.
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