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Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has promoted Simon Eyre to the role of Chief Information Security Officer (CISO).
Eyre will drive Drawbridge’s corporate cybersecurity strategy and oversee infrastructure, security and privacy initiatives as the company continues its rapid global growth. Eyre also serves as Managing Director and Head of Europe for Drawbridge.
Eyre has over 20 years of experience in cybersecurity, technology architecture and IT governance, and has leveraged his industry expertise to launch Drawbridge’s EMEA operations and lead its engineering, product and customer engagement teams across Europe. With his elevation
The hedge fund industry added to its gains in April, returning 2.14 per cent as the industry posted a sixth 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 5.34 per cent in April.
For the year to date, the hedge fund industry gained 7.06 per cent through the end of April. The S&P 500 Total Return Index returned 11.84 per cent over the same period.
All sectors but two tracked in the Barclay Hedge Fund Indices were in positive
Brummer & Partners’ flagship multi-strategy fund has slipped into the red so far in May according to mid-month estimates, with a sharp dispersion in returns across its underlying equity, macro and trend-following strategies – but the long-running Stockholm-based vehicle remains in positive territory year-to-date.
Brummer Multi-Strategy, which comprises a range of hedge fund sub-strategies, has lost 0.8 per cent in the first two weeks of May, the firm said in an update on Tuesday. Despite the recent dip, the strategy’s SEK class is still up 1.1 per cent since the start of January.
The twice-levered BMS 2xL version of the
Cryptocurrency exchange Bybit has announced today it will launch an ether futures contract on 20 May, further diversifying its offerings of the leading altcoin.
The Financial Conduct Authority (FCA) has sent 4,430 of its employees on compulsory cyber and information security courses over the past two financial years – (FY 19-20 and FY 20-21) – to help combat the growing threat of financial crime, such as money laundering and fraud, according to official figures.
Read the full story at Institutional Asset Manager…
London-based global long/short equity hedge fund Pembroke Emerging Markets is rolling out a UCITS version of its Cayman strategy to tap into growing investor demand for uncorrelated emerging markets exposure.
Pembroke, a boutique EM equities strategy operating under the umbrella of UK-based multi-boutique investment firm BennBridge, is led by equities and derivatives market veteran Sanjiv Bhatia, a former Harvard Endowment portfolio manager and Goldman Sachs trader.
The existing Cayman strategy, which launched in April 2018, has generated a net annualised return of more than 10 per cent, with a Sharpe ratio of 1.83 and 5.7 per cent volatility, since inception.
The
The European Energy Exchange (EEX) has set a new milestone in its Power Derivatives business by becoming the No1 platform in Japan Power Futures trading in less than 12 months.
In the first quarter of 2021, EEX achieved a 96 per cent market share of volume with 2.32 TWh traded in the first three months of the year.
“As the biggest exchange in power trading worldwide, EEX has a proven track record in building new markets together with its customers. I’m very proud of what we have achieved in Japan over the past 12 months and in particular, our market
Alderwood Capital (Alderwood), a London-based fund manager, has further expanded its team with two senior hires. Rick Potter and Jeremy Bassil will each be joining the rapidly growing firm as Partner, Senior Adviser.
Potter will also be appointed Chair of the Investment Committee. Rick and Jeremy were founding partners of Northill Capital alongside Jon Little, Managing Partner at Alderwood.
With over 30 years’ experience, Potter has a long and successful track record of leading investment teams and implementing projects internationally which include successful acquisitions, joint ventures, disposals and lift-outs. Prior to joining Alderwood, he was a founding partner of
Apex Group, a global financial services provider, has acquired Tzur Management (Tzur), a fund administration services provider with offices in Tel Aviv, Israel and New York.
This strategic deal further enhances Apex’s geographic reach and ability to deliver high quality services to clients globally, on a local basis. The acquisition of Tzur will add 90 employees, AuA of USD13 billion and a new jurisdiction to the Group’s footprint, further solidifying its global position as one of the world’s largest financial service providers.
Founded in 2011, Tzur is a full-service, multi-disciplinary fund services manager serving clients in the global alternative
Tether Operations Limited (Tether), the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by markets, will launch tether tokens (USDt) on Avalanche, an open-source platform for launching highly decentralised applications, new financial primitives and interoperable blockchains.
Read the full story at Institutional Asset Manager…
