Solutions
Alternative fund manager Abacus Capital’s Hogi Hyun is stepping into the crypto world to bring investors a blockchain and tokenised investment grade diamond investment opportunity.
Abacus was established in Singapore in 1996 and has some USD1 billion in assets in special situations and private equity investments in commodities, natural resources and mining. It also has a family office fund platform.
Hyun’s new venture, the D1 Coin, is based on the physical delivery of an initial 1,500 investment grade diamonds from Alrosa, the world’s largest diamond miner. The diamonds will be used to support the new asset-backed token D1 Coin.
Hyun
The first mobile-focused personal wealth manager exclusively for crypto assets, B21, has announced a partnership with Salus Alpha, a licensed and regulated investment provider for retail and institutional clients.
Through this partnership, B21 will list Salus Alpha’s Smarter than Crypto (STC) top 20 by market cap index fund, an actively managed closed cap fund for retail investors. In addition, Salus Alpha will provide the license framework for B21 to create its own funds on the B21 platform, improving its fund management capabilities.
“By partnering with Salus Alpha, we’re able to accelerate the deployment and expansion of the B21 platform,
NEX Markets, a NEX business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, announces today that BrokerTec Europe Limited has signed an agreement with BME Clearing, the Spanish Central Counterparty (CCP) operated by BME, to launch a new clearing option for BrokerTec’s existing clients.
The agreement expands BrokerTec’s footprint in Spain by providing additional clearing services to the broader bank community. It will also enable BME to provide repo clearing services to existing BrokerTec clients.
Currently many banks trade Spanish repo bilaterally and clear via BME Clearing. Through the agreement with BME
Following the announcement by the European Securities and Markets Authorities (ESMA) that leverage rates offered by CFD trading providers must be significantly reduced by 1 Aug 2018, CFD trading provider Capital.com reduced its default rates across commodities, currencies, cryptocurrencies, equities and indices from 1 June 2018.
This has enabled the first analysis of the impact of lower leverage rates on client behaviour and trading performance, which clearly indicates a significant improvement in client outcomes.
The overwhelming majority of users who registered for Capital.com’s trading platform in June chose the ESMA-mandated lower leverage limits. Comparing their performance against published industry performance levels and historic client performance reveals
As the global market for investment research continues to unbundle post MiFID II, RSRCHXchange has added to its service offering as an aggregator and marketplace for written research with a new suite of functionality for other research services.
Buy-side users can now schedule, book and buy meetings, calls and webinars with analysts from among the 375 banks, brokers and independents currently using the RSRCHX platform. The new features have all the compliance and control functionality that users and providers have come to expect from RSRCHXchange, in addition to providing both sides with a consumption audit trail.
Call and webinar
Scope has published a new rating methodology for evaluating the quality and competence of individual investment teams within asset management companies.
The methodology is applied to investment teams which predominantly invest in liquid, traditional instruments such as shares and bonds, as well as in liquid alternative strategies such as long/short equities.
The new methodology expands Scope’s rating spectrum. Until now, Scope evaluated asset managers in their entirety as well as in individual asset classes (investment centres). As a result of the new methodology, a focussed assessment of individual investment teams is now possible.
The evaluation focuses on industry
The London Metal Exchange (LME) has introduced implied pricing for base metals on its electronic trading platform, LMEselect, as part of its Strategic Pathway commitment to deliver greater user choice and market participation.
Many existing users of the LME market (and, in particular, fundamental financial investors) seek exposure to monthly (or “third Wednesday”) prompt dates. These users are already well-served by the deep monthly liquidity available from LME members in the telephone market or through members’ proprietary electronic platforms, and the LME expects this to remain the primary channel for the execution of larger monthly orders. However, in the context
KOGER has enhanced its workflow management software to provide the fund services sector with ‘complete functionality for document, business process and client contact management’.
KOGER says the workflow platform now offers process control and efficiency with full operational transparency, and facilitates participation in each process by fund customers and investors.
“We believe we have delivered a digital workflow platform for the fund services and asset management industry that delivers unparalleled reciprocal value. Our workflow solution connects all elements of service delivery and creates a seamless customer experience,” says Ras Sipko (pictured), KOGER Chief Operating Officer. “The automation offered by
Stockholm IT Ventures, a Swedish technology company specialising in energy crypto currency mining, has secured a EUR2 million investment in its Bytemine token (BYTM) from Pecunio’s VC Fund.
Pecunio, a fintech company in the United Arab Emirates, has also offered to purchase the remaining allocation of Bytemine tokens (up to EUR 1 million) by the end of the sale.
“We are extremely excited to have Pecunio on board as an institutional investor,” says Phillip Nunn, Managing Director of the Crypto Division for Stockholm IT Ventures. “Being recognised and added to Pecunio’s exclusive portfolio represents a great testament to our
Liontrust has chosen BNY Mellon to provide a raft of outsourced fund services for its UK and Ireland fund ranges, including depositary, fund accounting, global custody, global risk solutions, middle office and transfer agency.
Ancillary services will cover securities lending, FX and cash management.
Daron Pearce (pictured), CEO, BNY Mellon EMEA Asset Servicing, says: “Liontrust has grown rapidly over the past eight years to reach GBP11.3 billion in AUM today by building its product offering and developing its distribution capability in the UK and internationally. This has created a great platform for future expansion and we are delighted to have
