Solutions
Foreside Financial Group (Foreside), a provider of governance, risk management, and compliance solutions and technology offerings to clients in the global asset and wealth management industry, has acquired the regulatory compliance business of JG Advisory Services LLC, a comprehensive regulatory solutions provider for hedge and private equity funds.
Based in New York, New York, JG Advisory Services has helped its clients meet regulatory requirements through creative compliance solutions since 2005. JG Advisory Services has worked with a wide range of hedge fund and private equity fund managers but has particular expertise with emerging managers.
Judy Gross, principal and founder of
BidFX, a cloud-based provider of electronic FX trading solutions for institutions and a wholly-owned subsidiary of SGX Group, has launched BidFX Data and Analytics.
Read the full story at Institutional Asset Manager…
South East Asia’s first insured bitcoin fund, BCMG Genesis Bitcoin Fund-I (BGBF-I), has officially launched to address the growing global interest from institutional and corporate investors.
Read the full story at Institutional Asset Manager…
FRAX, the world’s first fractional-algorithmic stablecoin, is bringing its US dollar-pegged stablecoin to Avalanche’s decentralised finance (DeFi) ecosystem.
Upon completion of the deployment (expected to be by 20 March), FRAX will expand the selection of stablecoins available on the platform and offer unique functionality as a decentralised, permissionless stablecoin.
FRAX employs a hybrid, fractional-algorithmic model that combines the best qualities of 100 per cent fiat-backed stablecoins and pure algorithmic stablecoins. It seeks to be the first stablecoin protocol to create scalable, trustless, stable, and ideologically pure on-chain money.
The team behind FRAX will expand to Avalanche by moving
Cyprus-regulated hedge fund ARK36 has partnered with France-based Prime Broker SheeldMarket to execute orders for a variety of digital assets.
ARK36 will maintain custody of its assets within the broker’s compliant and insured infrastructure while accessing liquidity through cutting-edge, algorithmic execution services. This is the first such partnership between EU-regulated buy and sell-side cryptocurrency firms.
At a time when bitcoin and cryptocurrencies in general have shown outstanding growth, both in price and trading volume, reports show that EU investors are seen as having a more favourable perception of digital assets relative to their US counterparts, with six out of
Varenne Capital Partners, a global alternative investment manager, has chosen to leverage a partnership between its depositary, INDOS Financial, and fintech risk firm Clarus Risk, to provide a fintech Liquidity Stress-Testing solution.
Following new ESMA liquidity stress test guidelines which came into force on September 30th, 2020, this collaboration enables independent stress-testing and enhanced liquidity risk oversight while utilising connectivity now established between INDOS Financial and Clarus Risk to streamline the risk governance process.
Under the new operating model, Clarus Risk will source fund asset and liability data from INDOS Financial to generate liquidity risk metrics via its RiskMonitor® Liquidity
Macrobond Financial, a provider of economic and financial intelligence, has opened an office in Stockholm to meet the growing demand for its data, analytics and collaboration tools from the Nordic regions.
Read the full story at Institutional Asset Manager…
Bitfinex, a digital token trading platform, has added IOTA as collateral on Bitfinex Borrow after it was successful in a recent social media poll.
An overwhelming majority of Bitfinex’s growing community opted for IOTA, with the token gathering 87.6 per cent of the votes in a social media poll.
“Our customers have spoken,” says Paolo Ardoino, CTO at Bitfinex. “IOTA’s success in our recent social poll is a testament to its enduring popularity and track record for innovation in the field of distributed ledger technologies.”
Bitfinex customers can now obtain loans of up to 70 per cent of the value
Retail platforms, led by Amazon, have revolutionized how we behave as consumers and placed convenience and quality of customer service at the centre of the model. How can asset management firms take lessons from this and could there be a way forward for them to adopt more of a platform-centric way to providing fund services? And in doing so, harness the power of the platform to re-think fund distribution and bring a sense of order to the highly fragmented, chaotic nature of global asset management?
Gemini, a crypto exchange and custodian, has launched a new global offering — Gemini Fund Solutions — to provide fund managers with custody, clearing, trade execution, and other capital markets services tailored to ETFs, closed-end funds, and other fund vehicles.
Read the full story at ETF Express…
