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ISITC Europe has launched a Post Trade Forum which brings together the post trade community across the capital markets to drive collaboration, share best practice and action changes to improve operational efficiency.
Read the full story at Institutional Asset Manager…
Trium Capital, a family office backed independent asset manager, has hired multi-asset investor Toby Hayes. With more than 20 years’ experience in creating and managing multi-asset and alternative strategies, Hayes has built expertise across a wide range of areas, including structural returns, risk premia and factor investing.
In several high-profile roles, Hayes has consistently delivered uncorrelated returns to investors. Prior to joining Trium Capital, he was head of multi-asset at Fortem Capital, where he launched and managed the Fortem Capital Alternative Growth Fund. The strategy was particularly notable for its outperformance during the height of the pandemic-induced market sell-off –
Alternative asset manager Cheyne Capital Management (UK) (Cheyne) has opened a new office in Paris – the firm’s fifth office in Europe and its eighth globally.
Stuart Fiertz, Co-Founder, President & Head of Responsible Investment at Cheyne Capital, says: “Since 2018, our private credit investment teams have continued to see more and more interesting opportunities in Europe and particularly in France, so opening an office in Paris was the natural next step. Being in close proximity to those we finance is important to us and we look forward to growing our presence in the country further.”
Over the past four
TORA, provider of the industry’s most advanced cloud-based order and execution management system (OEMS) is integrating the Glimpse Markets buy-side data sharing tool for fixed income into its multi-asset platform.
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Investcorp, a provider and manager of alternative investment products, in partnership with Mercury Capital Advisors, an institutional capital raising and investment advisory enterprise, IMD Business School and Banque Pâris Bertrand, an independent, Swiss-regulated private bank based in Geneva and Luxembourg, have announced the results of the second iteration of the annual survey, “What’s Next? Investment Trends for the Future.”
Read the full story at Institutional Asset Manager…
Avelacom, a low latency connectivity, IT infrastructure and data solutions provider for global financial markets, is partnering with LDA Technologies, a vendor of ultra-low latency FPGA products, to deploy FPGA-enabled devices across its network, further reducing latency and enabling high frequency, algorithmic trading firms to improve their trading performance.
The latest generation of LDA’s FPGA-enabled network devices reduce latency by performing extensive packet validation and switching in less than 50 nanoseconds, at least three times faster than conventional switches, while also improving the network efficiency by using innovative bandwidth management algorithms. Pilot devices are deployed on its key ultra-low latency
The Intraday Power market, operated by EPEX Spot, grew by 3 per cent to 9.4 TWh in June (June 2020: 9.1 TWh), with the Dutch market achieving a record volume of 561 GWh (previous record: 472 GWh in May 2021). The Danish Day-Ahead market achieved its second best month with 978 GWh traded.
On the European Power Derivatives market, volumes in Spanish Power Futures increased by 8 per cent to 15.4 TWh. In addition, the power futures for Belgium (+150 per cent), the Nordic countries (+263 per cent), Austria (+188 per cent) and Greece (+578 per cent) all recorded triple-digit
Bitfinex, a state-of-the-art digital token trading platform, has upgraded the exchange’s matching engine in a move that bolsters the exchange’s capacity to handle spikes in volatility as volumes continue to surge, driven by increasing numbers of institutional investors entering the space.
Read the full story at Institutional Asset Manager…
Hedge funds betting against Sainsbury’s have taken a dent after the UK supermarket giant’s share price rose this week on the back of strong Q1 sales numbers, prompting the FTSE 100-listed firm to revise its profit outlook upwards.
A number of well-known hedge funds – including BlackRock, Marshall Wace and Citadel – have built negative wagers against Sainsbury’s lately, while the likes of Pelham Capital and Third Point continue to hold longer-standing bearish bets, according to regulatory disclosures made to the FCA.
The UK’s second biggest supermarket chain – which is one of the ‘Big Four’ grocers alongside Tesco, Asda,
The Securities and Exchange Commission has announced fraud charges against Sean Wygovsky, a trader at a major Canada-based asset management firm, in connection with a long-running and lucrative front-running scheme that he perpetrated in the accounts of his close family members, netting more than USD3.6 million in illicit gains.
According to the SEC’s complaint, from approximately January 2015 through at least April 2021, Wygovsky repeatedly traded in his family members’ accounts held at brokerage firms in the United States ahead of large trades that were executed on the same days in the accounts of his employer’s advisory clients. On over
