Monthly Archives: August 2019
Crypto Exchange Opens Offering Insured Custody For Traders and Investors
(Opalesque) Opalesque Industry Update: Australia’s latest crypto exchange and broker launched at Barangaroo today. Mine Digital CEO, Grant Colthup, believes Mine Digital will set a new standard in the Australian cryptocurrency market. “There is interest in cryptocurrencies as a new […]
International compliance – a new era for SMCR
(Opalesque) Andrew Shrimpton, Executive Chairman of Compliance Consulting: With great power comes great responsibility. Yes, but in the era of SMCR, heads of compliance have found out that even a medium amount of power now comes with an almost unpalatable […]
SEC Obtains Emergency Asset Freeze, Charges Pennsylvania Investment Adviser with $100 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged a Pennsylvania investment adviser with operating an investment advisory fraud involving over $100 million in investments. The SEC also obtained an emergency asset freeze. The SEC’s complaint alleges that Brenda Smith, and […]
SEI embraces intelligent automation
(Hedgeweek) A survey of 50 global service providers and hedge funds, conducted by fintech automation platform Truss Edge, found that nearly a third of respondents (62.5 per cent) said they felt hedge fund managers were not dedicated enough of their […]
PenderFund to acquire investment management contracts for five Vertex One funds
(Hedgeweek) PenderFund Capital Management (Pender) is to acquire the investment fund management contracts for five investment funds managed by Vertex One – the Vertex Value Fund, Vertex Enhanced Income Fund and Vertex Growth Fund, which are offered publicly pursuant to […]
CMC Markets launches three new indices for energy, agricultural and precious metals sectors
(Hedgeweek) CMC Markets, a spread betting and contracts for difference (CFD) provider, is now offering its customers three new commodity indices: the Energy Index, Agricultural Index and Precious Metals Index. To read this article:
International compliance – a new era for SMCR
(Opalesque) With great power comes great responsibility. Yes, but in the era of SMCR, heads of compliance have found out that even a medium amount of power now comes with an almost unpalatable amount of personal accountability – and legal […]
Chicago-Based Investment Professional Charged With Stealing Client Funds
(HedgeCo.Net) The Securities and Exchange Commission has charged Marcus Boggs, an investment adviser representative at the Chicago office of a large financial services firm, with stealing more than $1.7 million from at least three of his clients. According to the […]
Picton Mahoney Asset Management acquires two hedge funds from Vertex One
(Opalesque) Canadian financial institution Picton Mahoney Asset Management is all set to acquire the Vertex One Asset Management’s investment fund management contracts for the five hedge funds and alternative mutual funds listed below, with approximately $380m in assets. To read […]
CTAs outperformed Global Macro in August
(Opalesque) CTAs performed well in August as the drop in sovereign yields continued to boost the heavily long bond exposure, Lyxor said in its weekly brief. Conversely, Macro funds underperformed due to their short bond and long equity exposure. Long […]
Investors are moving hedge fund holdings to defensive positions
(Opalesque) Alternative Assets H2 2019* finds that 74% of surveyed investors believe that equity markets are at a peak, up from 61% that said the same at the end of 2018. Just 6% believe markets are expanding, down 15 percentage […]
Third Point, U.S. settle over antitrust filing in DowDuPont stake
(Reuters) – Third Point LLC has agreed to pay more than $600,000 to settle allegations the hedge fund failed to properly file for antitrust clearance when it bought DowDuPont stock two years ago, the U.S. Justice Department said on Wednesday. […]