Solutions
TORA, the provider of a front-to-back cloud-based order and execution management system (OEMS), has released its new FX auto-hedging function for equity pairs trading.The new solution sits within TORA’s market-leading equity pairs trading algo suite and delivers advanced operational trading efficiencies. The FX function offers automatic hedging for clients’ cross currency equity pairs and equity derivatives trading. This development will be welcomed by many risk arb desks where managing FX exposure is essential to performance.
Traditionally, risk arb traders have managed multi-currency spread orders using specialised algos in one system, and another separate system to manage their corresponding FX
Vital Capital has partnered up with the US Government’s Kenya Investment Mechanism to provide funding to Kenyan agri-businesses that have been affected by the Covid-19 pandemic.
Vital Capital is an impact investment private equity fund focused on companies in sub-Saharan Africa. “We are excited to launch this major collaboration to support Kenyan agribusinesses in what is an incredibly challenging economic environment,” said Nimrod Gerber, managing partner of Vital Capital.
KIM is a five-year program funded by the US Agency for International Development (USAID) to unlock financing to businesses that have been hit by the global pandemic.
Vital Capital and
London-based financial firms appear to be in no rush to have the majority of their staff back in the office, according to new research by Theta Financial Reporting.
Only 800 of Goldman Sachs’s 6,000 London staff have returned, while fewer than 2,000 of the 12,000 at JP Morgan are back in the office, the consulting firm’s new study revealed.
Almost one third of Brits say their company’s finance teams will not be returning to the office with other employees in July and will now work at home most of the time.
It also emerged that 70 per cent of City-based workers do not
Software and technology-focused private equity investor Thoma Bravo is to acquire Majesco, a provider of cloud insurance software solutions for insurance businesses, in a deal valuing the company at USD594 million. Following the closing of the transaction, Majesco will operate as a privately held company.
Under the terms of the agreement, all Majesco shareholders of record will receive USD13.10 in cash for each share of Majesco common stock upon closing of the transaction. The price represents a premium of approximately 74 per cent over Majesco’s average closing price during the 30-trading day period ended 17 July, 2020.
The proposed merger is
MUFG Investor Services, a specialist in administration, asset servicing, banking and fund financing, has selected Broadridge’s Sentry loan tracking and reporting technology to service its clients in the private debt space.
With recent growth in the private debt, private credit and direct lending market, and the growing demand for software capable of administering and handling loans, MUFG Investor Services has chosen to partner with Broadridge to implement its Sentry Loan Portfolio Management system. This web-based system, which Broadridge added to its solution set with its acquisition of ClearStructure Financial technology, allows MUFG Investor Services to manage all aspects of
Jersey Finance has welcomed a new amendment to the island’s legislation that will make it significantly easier for managers to migrate limited partnership fund structures to the jurisdiction.The changes to the Limited Partnership (Jersey) Law 1994, which were approved by Jersey’s government this week to come into force today (17 July), introduce a new statutory basis for limited partnerships, which are frequently used for alternative fund structuring, to be migrated from other jurisdictions, providing greater legal certainty for managers and investors.
Whilst migrating a limited partnership to Jersey has been technically possible in the past, the move brings Jersey in
Managing forex spreads has been the biggest trading challenge for hedge fund traders since the pandemic and resulting lockdowns began, according to Refinitiv.
In a new global survey of over 1,000 FX trading clients, which included responses from 44 traders at hedge funds, 68 per cent per cent of respondents felt spreads was the biggest challenge. This was followed by access to liquidity with 18 per cent of respondents cited this as their biggest challenge. 14 per cent of respondents had no issues.
The issue of spreads was felt more significantly at hedge funds compared to corporates where only 35
Sumeru Equity Partners has led a USD100 million investment in SocialChorus, a workforce communications SaaS company, along with existing investors.
AST Private Company Solutions has formed a strategic partnership with Standish Management, a leading private equity fund administration provider to private equity with over USD130 billion in AUM.Users of PCS’s Astrella capitalisation (cap) table and ownership tracking platform will be able to integrate relevant ownership data from Astrella to Standish. Standish will use this data to support limited partner (LP) financial reporting and communications, capital calls and distributions and partnership accounting.
Astrella was built by AST PCS, the Silicon Valley-based business unit of ownership data management leader AST, as a new cloud-based software-as-a-service (SaaS) platform to manage private company
Evertas, a cryptoasset insurance company, has completed a USD2.8 million seed stage funding round. The funding round was led by Morgan Creek, who were joined by Plug n Play, Kailash Ventures, RenGen, Vy Capital and Wavemaker Genesis. Mark Yusko, Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management & Managing Partner of Morgan Creek Digital Assets, has joined Evertas’ Board of Directors.
Evertas, which focuses on covering institutional holders of cryptoassets including exchanges, custodians, traditional financial institutions, funds, family offices and ultra-high net worth individuals, will be using these funds to support its strong growth plans.
The market capitalisation of cryptoassets is around USD270 billion and growing rapidly, but because of the highly specialised nature of underwriting the risks
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
