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London-based Nickel Digital Asset Management (Nickel), Europe’s largest regulated digital assets hedge fund manager founded by senior traders and investment professionals formerly from major financial institutions including Goldman Sachs and JPMorgan, says the UK is one of the most attractive markets for hedge fund managers focusing on crypto and digital assets, as new research reveals potential for strong growth in the country.
Nickel’s clients include institutional investors, global wealth managers and ultra-high net worth individuals from around the world.
Nickel Digital recently commissioned a survey with 23 institutional investors and wealth managers in the UK who collectively oversee $66.5 billion
Digital asset investment products returned to positive inflows last week following a run of six weeks of out flows’ according to the latest Digital Asset Fund Flows report from CoinShares.
Positive price action in recent weeks has now pushed total assets under management (AuM) to USD57.3 billion, the highest since mid-May.
Solana, a competitor to Ethereum, saw the largest inflows of any digital asset last week totalling USD7.1 million.
Ethereum saw minor inflows totalling USD3.2m last week along with other altcoins such as Cardano, Litecoin and Polkadot which saw inflows of USD6.4 million, USD1.8 million and USD1.1 million respectively.
Bitcoin saw
Tradeweb Markets, a global operator of electronic marketplaces for rates, credit, equities and money markets, has appointed Devi Shanmugham as Global Head of Compliance, effective 16 August, 2021.
Los Angeles-based TrueRisk Capital is a newly-established fully-systematic CTA manager which trades a range of algorithm-based options and futures strategies developed by co-founder and chief quant Rito Bhattacharyya over the course of almost nine years.
Cboe Global Markets, a provider of global market infrastructure and tradable products, is to launch futures on the AMERIBOR (American Interbank Offered Rate) Term-30 interest rate benchmark.
The new futures are expected to be available for trading on Cboe Futures Exchange, LLC (CFE) on business date Monday, 13 September, 2021, subject to regulatory review.
The AMERIBOR Term-30 benchmark, disseminated by the American Financial Exchange (AFX), is designed for financial institutions in need of forward-looking short-term interest rates as the planned cessation of LIBOR approaches. The benchmark is designed to capture wholesale funding costs for American financial institutions over a thirty-day
PGIM Fixed Income, a global asset manager offering active solutions across all fixed income markets with USD954 billion in assets under management, has hired Guillermo Felices as global investment strategist in London, effective immediately.
Felices will work under Gregory Peters, PGIM Fixed Income managing director and head of multi-sector and strategy.
PGIM Fixed Income is part of PGIM, the global investment management business of US-based Prudential Financial, Inc (PFI) (NYSE: PRU) and one of the world’s top 10 asset managers with more than USD1.5 trillion in assets under management.
Felices joins from BNP Paribas Asset Management where he was
ZEDRA has appointed Damien Fitzgerald as Head of Funds for Guernsey. In the role, he will lead the firm’s fund solutions offering and will be supported by the recently appointed Head of Fund Operations, John Donnelly, an industry veteran with considerable experience in client service management, financial reporting and fund accounting.
Fitzgerald has accumulated a wealth of knowledge with 23 years of fund administration, corporate governance, accounting and audit experience, including 17 years in Guernsey’s financial services industry. Prior to joining ZEDRA, he was Head of Funds at another renowned fund services administrator in Guernsey, leading a team of 70
European derivatives exchange Eurex is to launch bitcoin ETN futures, a new contract that offers clients access to the price of bitcoin in a regulated on-exchange and centrally cleared environment.
This offering will be the first regulated market in bitcoin-related derivatives in Europe.
Launch of the new contract is planned for 13 September. The futures contract is based on the BTCetc Bitcoin Exchange Traded Crypto (ISIN: DE000A27Z304), which is listed on the Frankfurt Stock Exchange and has been among the most heavily traded ETF/ETN contracts on Xetra since its start in June 2020. The bitcoin ETN was equivalent to 1/1000th
Energy-focused hedge fund manager Westbeck Capital Management’s flagship strategy has suffered its first monthly loss in eight months, after surging coronavirus rates in China, Europe and North America dented oil markets – but the fund remains up more than 70 per cent since the start of the year.
The Westbeck Energy Opportunity Fund – a long/short directional hedge fund strategy which trades a mix of oil equities, futures and options – fell 5.3 per cent in July. By comparison, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which tracks oil services companies, lost 14.4 per cent in
UMB Fund Services (UMBFS), a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), has been selected to provide services to the AFA Multi-Manager Credit Fund—Alternative Fund Advisors’ (AFA) first registered closed-end interval fund.
UMBFS will provide transfer agency, fund accounting, tax reporting and fund administration for AFA’s fund, while UMB Bank will provide custody services.
“We are pleased to provide a suite of services to support Alternative Fund Advisors‘ first registered closed-end interval fund,” says Maureen Quill, executive vice president, executive director of registered funds at UMBFS. “In addition to accessing our award-winning fund administration and custody services, Alternative Fund Advisors
