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Appital has partnered with pan-European MTF Turquoise, which is majority owned by London Stock Exchange Group in partnership with the user community, to unlock latent liquidity opportunities and bring further efficiency to equity capital markets.
Appital gives the buy-side community greater exposure to deal flow opportunities they have not been able to access before. The Appital platform unlocks latent liquidity and efficiently drives a bookbuilding process, providing deal originators with opportunities to execute large volumes, often in excess of five days of ADV, with minimal market impact or risk of price erosion. At the same time, the platform enables deal
THETA, a specialist provider of buy-side trading technology as a service, has appointed Paul Flanagan as Strategic Sales Advisor, managing relationships with asset managers, hedge funds, fund managers and pension funds.
Flanagan has worked in Fixed Income sales to financial institutions for over 30 years. Most recently he was Managing Director for Institutional Investor sales at Lloyds Bank in London, where he worked for over five years. Previously he has worked in Fixed Income sales management at Societe Generale, HSBC, Citi and Deutsche Bank.
Flanagan joins as THETA is due to launch its trading system for the buy-side, Apollo, later
Dimensional Fund Advisors, a specialist in systematic factor investing, is bolstering leadership in its affiliate’s London-based EMEA Investment team, effective 1 August 2021.
Paul Foley will be assuming the role of Head of EMEA Portfolio Management, while Kipp Cummins becomes Head of EMEA Fixed Income.
As Head of EMEA Portfolio Management, Foley will oversee all portfolio management activities in London for Dimensional Fund Advisors Ltd. (Dimensional UK), reporting to Nathan Lacaze, Co-Chief Executive Officer at Dimensional UK. Lacaze previously held these responsibilities in addition to his Co-CEO role.
Foley previously served as Senior Portfolio Manager and Vice President of Dimensional
Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), has revealed that the SEC is reviewing its whistleblower programme.
Delivering keynote remarks at the National Whistleblower Center’s (NWC) National Whistleblower Day 2021 celebration, Gensler spoke of the critical role whistleblowers play in SEC enforcement efforts and reemphasised his commitment to the agency’s whistleblower programme. He also revealed that he has directed staff to review the whistleblower programme in order to improve its efficiency and effectiveness.
“The tips, complaints, and referrals that whistleblowers provide are crucial to the Securities and Exchange Commission as we enforce the rules of
Akin Gump has added John P Hamilton as a Partner in its investment management practice in New York. Hamilton comes to Akin Gump from Stradley Ronon Stevens & Young, LLP.
Hamilton’s practice focuses on advising private fund managers on the formation and operation of a broad range of investment vehicles across the liquidity spectrum, including hedge funds, private equity and credit funds, as well as funds of funds and managed account structures. He also advises clients on the incorporation of sustainability and impact-focused investment themes into their product offerings. In addition, Hamilton works with clients on transactional and regulatory matters
State Street Corporation is to provide digital and cryptocurrency asset fund administration capabilities for the firm’s private funds clients.
In partnership with Lukka, an enterprise crypto asset data and software provider, State Street will support its private fund clients with collection, standardisation, enrichment, reconciliation, processing and reporting related to crypto and other digital assets.
The partnership is State Street’s latest effort in the digital and crypto asset space following the launch of State Street Digital, a division focused on addressing the industry’s evolving shift to digital finance, and comes after Lukka’s Series C funding round in December of 2020,
GSR, a specialist in digital asset trading, has appointed Michael Bressler as Global Head of Sales.
Bressler will lead the firm’s ongoing expansion into the institutional market, developing trading, risk management, and capital strategies for the fast-growing base fund managers it serves.
Bressler joins GSR with over 20 years of experience in trading and institutional sales at top banks and hedge funds. Most recently, he was a Managing Director and Head of Western Region Sales & Marketing at JPMorgan, where he oversaw many of the bank’s top institutional relationships. Prior to this, Bressler also spent seven years as a Managing
Curve Finance, an automated market maker protocol designed for swapping between stablecoins and other digital tokens with low fees and slippage, has today announced that it will support tether tokens pegged to the euro (EURt).
The addition of EURt to Curve – a protocol designed to create deep on-chain liquidity using advanced bonding curves – forms part of a surge in interest for the tether token pegged to the euro in the digital token space.
“As DEX’s grow in popularity, so do the requirements of their user base and we see great potential uptake of Tether tokens on the platform,”
Hedge funds are attracting greater numbers of ‘first-time’ allocators, with “unusual amounts” of fresh investors showing an interest in the space, according to London-based investment consultant, bfinance.
New interest has been growing since Q4 2020, accompanied by an increase in activity from clients with existing hedge fund portfolios.
Toby Goodworth (pictured), Head of Risk & Diversifying Strategies at bfinance, commented that prior to the end of 2020, the focus of his team was more on absolute return multi-assets than hedge funds, but following Q4 2020, “it was almost like a light switch turned on, and interest has been very solid
The Covid bet: How the pandemic has disrupted the Momentum-Value equity equation
The Covid bet: How the pandemic has disrupted the Momentum-Value equity equation