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Bridgewater Associates (Bridgewater), a global leader in institutional portfolio management and the largest hedge fund in the world, has launched a new sustainable investing venture.
Karen Karniol-Tambour and Carsten Stendevad will serve as Co-Chief Investment Officers (Co-CIO) for Sustainability, overseeing the effort, including the design and implementation of investment solutions for clients pursuing sustainability goals alongside their financial targets.
“Sustainable investing is a strategic priority for Bridgewater and for our clients,” says David McCormick, CEO of Bridgewater. “Understanding the economic impact of environmental, social, and governance issues has always been crucial to our study of how economies and markets operate,
Options, a provider of cloud-enabled managed services to the global capital markets, has announced compliance with the American Institute of Certified Public Accountants (AICPA) ISAE3402, SOC1, SOC2 and SOC3 standards.
In 2011, Options became one of the first cloud infrastructure providers to achieve SOC 2 Type II compliance and has continued to meet the latest AICPA’s examinations. Audit compliance attests that the Options Managed Platform met their latest standards of information security, data availability, and privacy.
Options CSO, John Gracey, says: “Companies today must prove to existing or prospective clients and regulators that they, and their partners, achieve the highest
Lukka, an institutional crypto asset software and data provider has appointed Stephanie Miller as Chief Operating Officer (COO).
In her most recent role, Miller was the Chief Executive Officer of Intertrust, a publicly traded, financial services firm based in Europe with a market cap of over USD1.5 billion. Prior to that, Miller held senior roles at SS&C Technologies and JP Morgan, where she was Head of Global Fund Services.
In her new role as COO, Miller will be integral in driving Lukka’s software and data services strategy among financial institutions, fund service providers, asset managers, hedge funds and more. Her
Capitolis, a SaaS platform that drives financial resource optimisation for capital markets, has appointed Jen Vanderwall, former people and talent leader at Bridgewater Associates, as its Chief People and Culture Officer, amidst meaningful expansion and maturation.
The news of Vanderwall’s hire comes just weeks after Capitolis announced the completion of a USD90 million Series C funding round led by Andreessen Horowitz (a16z). As Chief People and Culture Officer, Vanderwall will be a key member of the executive team, charged with supporting the organisation’s continued growth, emphasising a dynamic culture combining innovation, collaboration, agility, and professionalism, and furthering Capitolis’ position as
US investment manager Wealthspring Capital has launched its debut hedge fund strategy, Fountain Opportunities, which aims to capitalise on the ongoing boom in special purpose acquisition companies (SPACs).
The new fund, Fountain Opportunities, will take an opportunistic approach to the SPAC market through selective positioning in all aspects of the SPAC ecosystem and life-cycle, from SPAC to DeSPAC. The fund will employ leverage to buy and trade around positions and offers strategic participation in private investment in public equities. Fountain Opportunities, which will formally launch on 3 May, will pursue an aggressive return profile while taking advantage of the SPAC characteristics that help manage risk.
Man Group saw its funds under management swell further during the first three months of the year, rising to USD127 billion thanks to strong investment performance and continued investor inflows.
New analysis from ETF provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK and US stocks, reveals that as of 15 April 2021, Cineworld Group, the world’s second-largest cinema chain, was the most shorted UK listed company.
Read the full story at ETF Express…
IOWArocks, the global marketplace for data, tech, and services, has added CryptoCompare to its rapidly expanding data marketplace.
Read the full story at Institutional Asset Manager…
Northern Trust is to set up a new electronic foreign exchange (eFX) pricing engine in Singapore, in partnership with the Monetary Authority of Singapore (MAS). This will be Northern Trust’s first eFX engine in Asia-Pacific.
Read the full story at Institutional Asset Manager…
The hedge fund industry continued its positive run in March returning 1.23 per cent for a fifth consecutive month in the black, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
By comparison the S&P 500 Total Return Index gained 4.38 per cent during the month.
For the year to date, the hedge fund industry was up 4.93 per cent through the end of March. The S&P 500 Total Return Index returned 6.17 per cent over the same period.
Gainers far outnumbered losers during March among the individual sectors tracked in the Barclay Hedge
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