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AxiaFunder, Europe’s first for-profit litigation funding platform, has secured GBP1.9 milliion from investors since launching in January 2019, with a 100 per cent success rate on completed cases.
Co-founded by investment banker Cormac Leech and entrepreneur Sophie Liu, AxiaFunder has fully funded a total of 13 cases via its platform so far, winning all five that have been concluded with an average investor return of 55 per cent, and as high as 94 per cent.
The other eight cases remain ongoing including a software case in Barcelona, AxiaFunder’s first international case. Two further litigation investment opportunities have recently been added
Voting is now underway for the Hedgeweek Americas Awards 2021, which will be announced and celebrated at an exclusive awards presentation ceremony and industry networking event to be held on Thursday, 21 October at The University Club of New York.
The Hedgeweek Americas Awards – hosted by Hedgeweek, with fund manager data being provided in partnership with Bloomberg – recognise and honour excellence among hedge fund managers and service providers in the Americas.
The hedge fund categories cover a wide range of investment strategies – including Equity, Credit, Macro, CTA, Event-Driven, Specialist Sector, Relative Value, Insurance-Linked Strategies, Structured Credit and
Stockholm-based Brummer & Partners’ flagship multi-strategy hedge fund vehicle remains flat for the year after ending July close to zero, with its equities-focused strategies suffering negative performance last month.
Brummer Multi-Strategy (BMS) fell 0.1 per cent in July in both its SEK and dollar-denominated classes, with the twice-levered BMS 2xL version down 0.3 per cent in both classes.
Overall, the BMS vehicle remains flat year-to-date at 0.2 per cent, with the twice-levered strategy returning 0.0 per cent in the seven month-period since the start of January, having ended the first half of 2021 in broadly similar territory, the Swedish fund
Transaction Network Services (TNS) is expanding its presence in India with the launch of a new connection to the India International Exchange (INX) located at the International Finance Services Centre, Gujarat International Finance-Tec City (GIFT City) Gandhinagar.
This new connection delivers low latency access to India INX for both market data and order routing services.
India INX had an average daily turnover of USD 11.67 bn in May 2021 with a market share of 98.15 per cent in GIFT IFSC. The all-time high turnover of India INX has been USD30.3 billion on 10 March, 2021. A subsidiary of BSE,
Akin Gump has appointed Terence Rozier-Byrd as a partner in its investment management practice in New York. Rozier-Byrd comes to Akin Gump from Baker Botts, where he served as partner in charge of its New York office.
Rozier-Byrd advises a wide array of institutional investors in connection with their investments in private equity funds, venture capital funds, hedge funds, credit funds, real estate funds, energy funds and hybrid funds, as well as in the negotiation of separately managed account arrangements, co-investments, direct venture capital and growth equity investments and secondary transactions. His practice also includes representing fund sponsors regarding the
Bitwise Asset Management, a crypto index fund manager with over USD1.0 billion in AUM, has launched the Bitwise Uniswap (UNI) Fund and the Bitwise Aave (AAVE) Fund.
These two new strategies join the Bitwise DeFi Crypto Index Fund in simplifying access to the emerging decentralised finance (DeFi) space for professional investors.
“There is growing demand from financial advisors, hedge funds, institutions, and other professional investors for exposure to the fast-growing DeFi markets,” says Matt Hougan, CIO of Bitwise. “Uniswap and Aave are the two largest DeFi protocols in our DeFi index, and are the largest decentralised exchange and decentralised lending
The European Energy Exchange (EEX) is set to start the admission process for the sell-off of nEHS certificates within the national Emissions Trading Scheme (“nEHS”) in coordination with the German Federal Environment Agency.
The instrument will set a CO2 price for the heat and transport sectors at a national level for the first time with sales via EEX to be launched in October 2021.
All CO2-causing fuels, especially petrol, diesel, heating oil, liquid gas, natural gas and from 2023 onwards coal, are included in the nEHS. Those companies and organisations which place fuels on the market, for example natural gas
CME Group, the world’s leading and most diverse derivatives marketplace, has reported July 2021 market statistics, including average daily volume (ADV) of 17.1 million contracts during the month, the highest ever recorded.
Interest rate monthly ADV increased 96 per cent, with SOFR futures ADV up 221 per cent, Ultra 10-Year US Treasury Note futures up 125 per cent, and Eurodollar futures and options increasing 121 per cent and 119 per cent respectively. Interest Rate options meanwhile grew 104 per cent, while Treasury futures rose 82 per cent and options increased 88 per cent.
Options ADV increased 55 per cent,
Lakemore Partners, a private credit investment firm primarily investing in control CLO equity, has named as Dan Norman Managing Director and Head of its US business operations.
Norman will focus on growing Lakemore’s investment platform globally from its recently established US office in Scottsdale, Arizona.
Norman joins Lakemore following his retirement last year from Voya Investment Management (Voya) where he most recently served as Group Head and Senior Managing Director. While at Voya, he founded the firm’s Senior Loan Group in 1995 and co-managed the Group’s global loan platform including its global CLO business, which by the end of
KB Associates (KBA), a professional services firm advising investment funds and asset managers, has completed its acquisition of EFG Fund Management, a Luxembourg-based management company and subsidiary of EFG International AG, the Swiss Private Banking Group (EFG).
The transaction was agreed in February 2021 and has now been completed after receiving regulatory clearance.
KBA specialises in the provision of management company, governance and compliance services to investment funds and asset managers. Founded in 2003, Dublin-headquartered KBA also has offices in London, Cayman Islands, Malta and now Luxembourg. KBA has over 80 consultants and works with over 250 asset management
