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Alderwood Capital (Alderwood), a London-based fund manager, has appointed two Independent Chairs. Olive Darragh will chair the Partnership Committee of Alderwood Partners, the investment management side of the business, while Neil Cochrane will serve as Chairman of the Board of the Alderwood Fund as well as Chairman of the Valuations Committee.
The Partnership Committee is also comprised of external member representatives, including Victory Capital, and members of Alderwood’s Management team. It oversees and directs both the strategic direction and the management of the business.
The Fund Board is wholly independent of the investment manager, with a mandate to ensure
Accelex, a data acquisition, analytics and reporting solution for private markets investors and asset servicers, has widened its agreement with LGT Capital Partners (LGT CP) to provide its SaaS platform to bring digitalisation to the regular extraction of critical financial information from a wide range of private markets investment documents.
LGT CP was one of Accelex’ first clients in 2020.
The alternative investment industry is set to continue its growth trajectory where global firms like LGT CP, who are already transitioning highly manual operational workflows for data management, are seeking greater transparency into fund underlying assets. With Accelex, LGT CP
A total of 60 per cent of institutions believe that settlement failures attributed to inadequacies of the middle-office are still a significant problem in their organisation, according to a new global survey conducted by Torstone Technology, a SaaS provider of post-trade securities and derivatives processing in collaboration with GreySpark Partners, a leading global capital markets consultancy.
Read the full story at Institutional Asset Manager…
Crypto arbitrage hedge fund Argentium has added Philippe G Damas to its advisory board.
Damas is currently the Executive Chairman of TMB Thanachart Bank, Bangkok and also Chair of the Nomination, Remuneration & Compliance Committee, having served on their Board since December 2007. He previously held the positions of CEO of ING Retail Banking Asia and CEO ING Private Banking Worldwide, based out of Singapore. Prior to that, he was CEO of ING Barings in London and the Vice Chairman of ING Investment Management in Amsterdam.
Earlier in his career, Damas was a Managing Director at JPMorgan in New York,
As bitcoin surged towards a two-month high on Monday (26 July), digital assets-focused investment manager Wave Financial is bullish on the cryptocurrency’s future prospects amid the ongoing institutionalisation of the sector.
INX Limited (INX), the owner of blockchain-based platforms for trading digital securities and cryptocurrencies, is to list the INX Token, which was previously offered in the world’s first public offering of a digital security registered with the US Securities and Exchange Commission (SEC), on the INX Securities trading platform at securities.inx.co on 28 July at 9:00am EDT.
Read the full story at Institutional Asset Manager…
Baton Systems (Baton), a market solution transforming asset movements and settlements, has became a signatory to the updated FX Global Code, underscoring its commitment and support to firms keen to eliminate settlement risk by enabling real time, payment-versus-payment (PvP) settlement for all market participants.
Read the full story at Institutional Asset Manager…
Digital asset investment products saw outflows for the third consecutive week with outflows totalling USD28 million according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Bitcoin saw the majority of the outflows which totalled USD24 million, the largest outflows since mid-June.
Multi-asset investment products continue to buck the trend with another week of inflows totaling USD3.1 million.
Investment products trading turnover remains low at USD1.7 billion for last week, this represents just 22 per cent of the high in volumes seen in May.
Private debt strategies continue to gain investor traction, as institutional allocators look to increasingly esoteric ‘alternative’ fixed- income- style products, according to interviews with global and boutique investment consultancies conducted by Hedgeweek.
Man Group: Reflation trade leaves stocks “extremely expensive” as short-selling activity falls
Man Group: Reflation trade leaves stocks “extremely expensive” as short-selling activity falls