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Independent fund administrator Centaur Fund Services has appointed Michael Marisca as Head of Business Development. Based in Centaur’s US headquarters in New York, Marisca will be responsible for overseeing and growing the company’s sales and revenue globally.
Marisca has extensive business development experience in the funds industry and has held several senior operational and business development positions. His experience will be an important addition to Centaur as it continues to experience rapid growth in its North American business.
Marisca will report to Des Johnson, CEO of Centaur US, who says: “We are delighted to welcome Mike as Head of Business
Digital asset investment products saw a fifth week of outflows totalling USD26 million, although the level of the outflows is lower than seen in either in May and June, according to the latest Digital Asset Fund Flows Report from CoinShares.
Following recent price rises, total investment product AuM is now back at USD5 billion, the highest level since mid-May.
Ethereum market share is again rapidly rising and now represents 26 per cent of investment products.
The number of funds/investment products listed has accelerated recently with a record 37 launched this year compared to the previous high of 30 seen in 2018.
Exegy Inc, a global specialist in low-latency market data and execution solutions, predictive trading signals, and hardware-acceleration technology, has appointed Craig Schachter as Chief Revenue Officer (CRO).
In this newly created leadership role, Schachter will be responsible for setting and leading the organisation’s global go-to-market strategy and execution, with a focus on superior business outcomes for the customer base.
Schachter comes to Exegy with over 25 years of experience as a sales leader in global software, data, and service companies. Prior to joining Exegy, Schachter was responsible for relationship management across SS&C Technologies’ Financial Services Group. He also held
Hedge funds’ nine-month consecutive run of positive returns has been halted, with managers ending last month in the red as market volatility and renewed uncertainty over the impact of coronavirus variants.
Hedge Fund Research’s main industry-wide benchmark, the HFR Fund Weighted Composite Index – which tracks the monthly returns of some 1400 single manager hedge funds across all strategy types – lost 0.60 per cent in July, its first down month since September 2020.
The dent means hedge funds have now returned 9.45 per cent gain since the start of 2021. Before last month, the industry’s January-to-June advance – a
Professional investors are forecasting increased volatility and trading across the foreign exchange markets, new global research from blockchain-based derivatives trading platform CloseCross shows.
Bitfinex, a digital token trading platform, has made BIT Mode on Satoshi available to the exchange’s user base, enabling customers to divide their holdings into the smallest units of a bitcoin.
SAT and BIT Mode is now available (1BIT = 100 Satoshis = microbitcoin). A satoshi is the smallest unit of a bitcoin, equivalent to 100 millionth of a bitcoin. Splitting bitcoins into smaller units is a means of facilitating smaller transactions.
“The launch of SAT Mode on Satoshi is fitting for an exchange that is a pioneer in the space that never forgets the ethos from which bitcoin was
The RM Targeted Investment Opportunities I strategy was launched in October 2020 by RM Funds to allow investors to capitalise on the market dislocation in real asset prices and listed securities created by the global health pandemic. Now closed, the strategy has returned 36.8 per cent to investors.
Hedge fund managers in Europe need to focus on building closer partnerships with investors by providing additional services, according to the latest issue of The Cerulli Edge—Global Edition.
Hedge fund managers have institutionalised their offerings in the past decade, but based on a survey by Cerulli Associates, there is a recognition of the importance of establishing strong ties with investors. More than half (58 per cent) of the managers Cerulli surveyed said that focusing on partnerships will be a very important priority over the next 24 months when distributing their hedge fund strategies.
“Although providing additional services will be challenging
Vistra has launch its Special Purpose Acquisition Companies (SPAC) service, which aims to provide a tailored proposition built around the key phases of a SPAC to address each stage of growth – beginning with an IPO through to de-SPACing and business growth.
Leveraging Vistra’s extensive expertise across multiple jurisdictions, sectors, and intermediary relationships, Vistra supports a wide range of SPAC scenarios. Vistra also provides leading entity expertise with over 200,000 entities under management, including Special Purpose Vehicles (SPVs).
“As we experience accelerated change across the business landscape globally, SPACs have picked up pace and continue to develop as an
Following the announcement in December 2020 that Link Group had signed an agreement with Banor Capital for the acquisition of Casa4Funds, the deal is now complete following regulatory approval from the CSSF.
The acquisition provides additional scale for Link Fund Solutions in Luxembourg, Europe’s largest investment fund centre. It also provides access to Casa4Funds’ extensive experience in a wide range of traditional and alternative asset classes including hedge funds, private equity, real estate and debt.
Jean-Luc Neyens, Managing Director, Fund Solutions Luxembourg, Link Group, says: “The completion of our acquisition of Casa4Funds, one of Europe’s oldest third-party UCITS Management
