Hedgeweek Newsletter

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NEWSLETTER | 6 Jan 2021

Swedish hedge fund pioneer Brummer steers through “great concern and high volatility” with double-digit annual return

Stockholm-based multi-strategy hedge fund firm Brummer & Partners’ flagship vehicle gathered further pace towards the end of the year, as strong performances in its stock-picking and trend-following funds during December powered the long-running manager into double-digit territory for the year.

Wed | 6 Jan 2021, 11:31

Sudrania Fund Services Corp (Sudrania), a cloud-computing enabled fund administrator, has acquired the primary assets of Triple Leo Consulting (TLC), a Philadelphia-based fund administrator that specialised in crypto and digital assets fund administration.

Wed | 6 Jan 2021, 11:31

Business disruption, cybersecurity challenges and greater compliance burdens have long been acknowledged as being among the foremost operational challenges facing the hedge fund, private equity and investment management industries.

Wed | 6 Jan 2021, 11:31

Foreign exchange specialist Ballinger & Co (Ballinger) has entered into a partnership with global financial brokerage ED&F Man Capital Markets Ltd (MCML).

Wed | 6 Jan 2021, 11:31

Tickeron, an artificial and human intelligence platform delivering unparalleled trading insights and analysis, has launched the Tickeron Time Machine (TMM) for AI Screener. The screener is a unique back-testing tool. It uses previously successful market settings to predict the conditions that led to present trends.

Schultze Asset Management appoints hedge fund veteran to lead business development efforts

Wed | 6 Jan 2021, 11:31

Schultze Asset Management, an investment firm specialising in financially troubled and distressed companies, has hired Angela Lui as the Managing Director and Head of Business Development.

Wed | 6 Jan 2021, 11:31

Joram Siegel has joined Cowen's Outsourced Trading division as Managing Director, Head of Fixed Income Outsourced Trading. Siegel will be based in New York and report to Michael Rosen and Jack Seibald, Global Co-Heads of Prime Brokerage and Outsourced Trading.

Wed | 6 Jan 2021, 11:31

A successful and long-established insurance recovery practice, led by policyholder advocate Robin Cohen, is launching its own law firm.

IQ-EQ acquires Constellation Advisers

Wed | 6 Jan 2021, 11:31

IQ-EQ has completed the acquisition of Constellation Advisers, an industry leading US co-sourced and outsourced investment management services provider, following receipt of all necessary regulatory approvals.

Wed | 6 Jan 2021, 11:31

Refinitiv is to launch the Refinitiv Term SONIA benchmark on 11 January, 2021. This follows the previous announcement in July 2020 that Refinitiv would launch the prototype version of the same rate.

Reef Finance integrates with Avalanche bockchain

Wed | 6 Jan 2021, 11:31

Reef Finance is integrating with the Avalanche blockchain (AVAX), enabling users to access decentralised finance (DeFi) applications in the Avalanche ecosystem directly through Reef's platform. The project is planning to roll out initial features on Avalanche in early Q1 2021.