Solutions
By Dr Marcus Peter & Irina Stoliarova – 2020 was a challenging year for the Luxembourg funds market. Despite a strong start in January and February, the Covid-19 pandemic caused a slowdown to fund set-up and net asset developments due to valuation issues and travel restrictions. However, it should be noted that the Luxembourg investment fund industry remained robust given the market regained growth starting mid-2020 and continuing into the third quarter of 2021.
This positive development was driven predominantly by increasing net assets and incoming new commitments to the fund vehicles. Net assets under management in Luxembourg investment funds
The Grand Duchy is set to capture an important chunk of the growing global market for alternative investment funds.
Elliptic, a specialist in blockchain analytics and crypto compliance solutions, has agreed a customer agreement with US-based, financial infrastructure provider Prime Trust, which aims to help fintech innovators launch quickly and scale securely in today’s digital economy.
Bloomberg has launched BQuant Enterprise, a public/private-cloud-based analytics platform (the BQuant Enterprise Platform) for quantitative analysts and data scientists in financial markets.
This customisable, turnkey solution accelerates financial services firms’ ability to compete more aggressively by incorporating quantitative approaches to all aspects of their investment processes. In addition, BQuant is the first data science solution from Bloomberg that is designed specifically for financial markets and offers operation-ready access to Bloomberg’s comprehensive range of high-quality, market leading, multi-asset-class financial and alternative data sets.
“The largest global financial firms have fully embraced quantitative investing to improve trading strategies, while reducing expenses.
Prometheus Alternative Investments has raised USD5 million in an oversubscribed seed round.
The round was led by 8VC/Joe Lonsdale with participation from a diverse set of prominent investors including Kyle Bass (Hayman Capital), Gaingels, John Quinn (Quinn Emanuel), Gil Weisblum (family office of Barry Diller), Jared Rothman (family office of Dennis Washington), Thane Ritchie, Curtis Macnguyen (Inflection Capital & Ivory Capital), Kim Kolt (For Good Ventures), Alok Agrawal (Bloom Tree Capital), Chris Blum (Global Head of Equities at JP Morgan Wealth Management) and Khalid Malik (Meridiem Capital).
Founded by former star hedge fund manager Michael Wang, Prometheus brings together a
TCI Fund Management, Sir Christopher Hohn’s activist hedge fund, says there is a “a deliberate lack of transparency” and “a selective approach to disclosure with respect to governance matters” at Canadian National Railway.
Novus Partners, a portfolio intelligence company servicing both asset capital allocators and hedge fund managers, has made significant updates to its platform as it relates to the ingestion and analysis of ‘deep’ portfolio data.
“As we continue to build on our long-term vision to become the ‘one’ platform for institutional investors, over the last 12 months we have made a series of updates to the Novus Platform that expand our portfolio intelligence capabilities; these updates enable our clients to better manage their portfolios through deeper intelligence, collaborative updates, and personalised dashboards,” says Andrea Gentilini, CEO of Novus.
These enhancements include
North Rock Capital, an investment management firm built upon a global multi-manager investment platform, has selected Glue42, the company that delivers integrated desktop experiences to financial institutions globally, to serve as the foundation to its next-generation trading and risk platform.
Against a backdrop of an ever-changing regulatory environment and an expected expansion, North Rock Capital is investing heavily in proprietary technology, infrastructure, and risk analytics. The latest version of Glue42 Enterprise provided the firm the enterprise desktop integration solution it needed to offer its portfolio managers a best-in-class workspace and personalised user experiences.
Kelly Perkins, Chief Investment Officer,
Alternative investment platform CAIS has announced that CAIS IQ is supporting independent broker dealers and home offices through its membership and sponsorship of two leading trade associations: the Alternative and Direct Investment Securities Association (ADISA) and Institute for Portfolio Advisors (IPA).
These sponsorships represent CAIS’s commitment to empowering financial advisors with the education they need to allocate to alternative investments.
“We are happy to have CAIS join ADISA as a new member and sponsor as they work to broaden their relationships throughout the broker-dealer community,” says John Harrison, DBA, Executive Director of ADISA. “ADISA prides itself on broadening access to
Alpha FX Group, a provider of FX risk management and alternative banking solutions to corporates and institutions internationally, has launched an alternative banking platform for the alternative investment sector.
As part of this launch, the Group intends to open an office in Luxembourg to show its commitment to the local market, which represents a significant opportunity for the alternative investment banking solution.
This follows a lengthy and highly successful ‘private launch’ of the platform within Alpha’s existing client base. This provided the Group with the time to gather user insights and develop further enhancements as it worked towards launching
