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Nickel Digital Asset Management (Nickel), Europe’s largest regulated a digital assets hedge fund manager, has appointed Henry Howell, a Goldman alumnus with eighteen years of experience in hedge fund, derivatives, and electronic futures sales as Head of Business Development.
Liti Capital, a Swiss Litigation Finance company, is launching its dual token at 3 AM EST, on 24 June, 2021. LITI tokens will become available on the Liti Capital website and wLITI on Uniswap.
The LITI token represents tokenised equity in the company and grants voting rights and dividends, while the wLITI token can be staked to provide liquidity.
Both token holders can open a claim against a project and stake tokens on that claim to call attention to projects that have defrauded their investors. Liti Capital will spend from 5 to 10 per cent of its investment capital to
Digital asset investment products saw a third consecutive week of outflows totalling USD79 million in what is now the longest bear run in outflows since February 2018.
That’s according to the latest Digital Assets Funds Flows weekly report from CoinShares, which also highlights that The focus of outflows continues to be bitcoin which has endured its sixth consecutive week of outflows totalling USD89 million.
Ether saw minor outflows of USD1.9 million during the week, combined with outflows from the previous week now totalling USD14.6 million.
Bucking the trend last week were multi-asset investment products which saw inflows of USD10 million.
The Depository Trust & Clearing Corporation (DTCC), the specialist market infrastructure for the global financial services industry, has appointed Jennifer Peve as Head of Strategy and Business Development.
Read the full story at Institutional Asset Manager…
The Covid-19 pandemic is opening up a deeper discussion around more business functions becoming permanently outsourced, particularly among start-up and emerging hedge funds battling against budgetary constraints.
Speakers at the fourth annual HedgeweekLIVE North America Emerging Manager summit this week discussed how approaches towards outsourcing – traditionally the next step on the emerging manager journey after launch – have dramatically changed as a result of the coronavirus crisis and remote working.
Jack Seibald, managing director and global co-head of prime brokerage and outsourced trading at Cowen, believes the pandemic has accelerated what had already been a meaningful upward trajectory in terms of outsourced
The SS&C GlobeOp Forward Redemption Indicator for June 2021 measured 2.68 per cent, up from 2.46 per cent in May.
Nickel Digital Asset Management’s (Nickel) flagship Digital Asset Arbitrage Fund posted strong returns in May, extending year-to-date returns to double digits. That was despite the underlying market going through one of the deepest bitcoin corrections in recent memory.
The fund was up +2.6 per cent in May in the face of bitcoin dropping over 50 per cent from April’s record levels. This month’s profits mostly came from the perpetual swaps, the futures basis and options trading.
The fund extended its streak of all-positive months since its inception 24 months ago, while delivering an industry-leading Sharpe of 4.8. The strong performance
Linedata, a provider of asset management and credit technology, data and services, has launched a new full-service offering with Stavtar Solutions, a New York-based software and technical services company, to expand and strengthen Linedata’s expense, contract and vendor management solutions for the asset management and alternative funds industry.
Read the full story at Institutional Asset Manager…
Tesseract, an institutional digital asset lending company in Europe and emerging markets which provides digital asset lending solutions to institutional clients, such as hedge funds and retail trading platforms, globally, has raised USD25 million in its Series A funding round.
Read the full story at Private Equity Wire…
Financial market infrastructure specialist CLS’s post-trade monitoring and reporting tool, CLSTradeMonitor, has seen solid growth in adoption among asset management clients globally.
Read the full story at Institutional Asset Manager…
