Solutions
A stronger revalued yuan is vital to any post-coronavirus global economic recovery, with reinvigorated Chinese financial firepower helping to swerve a deep recession in the next year, according to Toscafund Asset Management’s Savvas Savouri.
Tether, a blockchain-enabled platform that powers the largest stablecoin, has surpassed USD5 billion in market capitalisation.The importance of Tether (USDt) is growing as the stablecoin performs an increasingly vital function within the digital asset ecosystem. Notably, USDt is playing an increasingly important role in the nascent decentralised finance (DeFi) space where it brings a vast amount of liquidity.
“USDt is increasingly deployed across an array of projects poised to sweep through the financial system over the next five to 10 years,” says Paolo Ardoino, CTO at Tether. “We’re proud that it has breached the USD5 billion mark with USDt manifestly
CloudQuant says it has proven the value in the Precision Alpha Machine Learning Signals (PA Signals) alternative data set. Its detailed data science study shows a long-short portfolio outperforms the equal-weight S&P 500 ETF by an average of 37.9 per cent per year after transaction costs.
John C Ertman, a long-time litigator for the investment management industry, has launched a new, conflict-free litigation firm, Ertman Dulis & Helisek.
The firm has offices in New York, New Jersey and Pennsylvania and is uniquely focused on investment management litigation in both defence- and plaintiff-side cases. The firm’s client base includes hedge fund, mutual funds and private equity funds, spanning a broad spectrum of cutting-edge matters affecting asset managers and their investors.
The firm’s leadership comprises founding partners Ertman, Caleb Dulis and Julian Helisek, all of whom were previously investment management litigators at global law firm Ropes & Gray.
Boutique fund governance firm, Athena International Management Limited (Athena), has added an experienced professional independent director to its governance team. Sabrina Foster joins Athena with over 20 years’ experience in the alternative Investment funds industry, previously serving as an independent director on hedge fund and private equity vehicles at global financial services institutions, MaplesFS and Intertrust in the Cayman Islands.
Formerly a Partner in the Funds and Investment Services team at international law firm, Appleby, Foster has a broad range of knowledge and experience on structuring and formation, corporate governance, financing and regulatory matters for hybrid and complex investment fund structures
TransFICC, a specialist provider of low-latency connectivity and workflow services for fixed income and derivatives markets, and SoftSolutions, a developer of high-performance mission-critical platforms, are partnering to provide clients with connectivity and workflow solutions for Interest Rate Swaps.Using TransFICC’s ‘One API for eTrading’ platform, SoftSolutions will be able to offer its clients access to IRS e-trading, in addition to its existing Rates and Credits services. TransFICC and SoftSolutions will support specific workflow functionality demanded by firms trading in the Swaps market, including Request for Quote (RFQ), Request for Stream (RFS), Request for Market (RFM), Process trades and Lists/Compression trading. Product
ACA Compliance Group (ACA), a provider of governance, risk, and compliance (GRC) advisory services and technology solutions, has become a global sponsoring partner of the Alternative Investment Management Association (AIMA).
Hedge funds registered their strongest outperformance relative to underlying markets since February 2009, outperforming the MSCI AC World Index IMI (Local) by 6.18 per cent in February. Long Volatility/Tail Risk hedge funds led the performance tables and have outshined most other asset classes including gold.
Chicago-based RJ O’Brien & Associates (RJO), one of the oldest and largest independent futures brokerages and clearing firms in the US, has selected Austin-based Eventus Systems, a multi-award winning global trade surveillance and market risk software platform provider, to provide its global market surveillance and real-time risk monitoring solution.
Canoe Intelligence, a financial technology company providing alternative investment operations for institutional investors, allocators and asset servicing firms, has signed a deal with Prime Buchholz, an independent alternative investment advisory firm.Canoe will automatically convert manager reports received by Prime Buchholz into reader-friendly datasets, streamlining a labour-intensive process and helping to import data into workflows and reporting analytics systems such as Investment Metrics.
Headquartered in Portsmouth, NH, Prime Buchholz advises on USD53 billion in assets vital to educational institutions, health care organisations, public and private foundations, cultural and faith-based organisations, retirement plan sponsors, and private wealth.
“Our technology is system-agnostic, enabling
