Solutions
Baffin Bay Networks, a cloud-native cyber security specialist, has acquired US data security business Loryka, which focuses on botnet and IoT research.
Baffin Bay Networks, its team hailing from major US security enterprises and Nordic banks, launched its cloud-based threat prevention service in 2017. This acquisition is the latest milestone following the company’s USD6.4 million Series A investment last year, led by EQT Ventures, accelerating its global expansion.
The company will become the first Baffin Bay affiliate in the United States. The Threat Research centre will be based in Portland, Oregon with additional operations in Virginia, Maryland and Tulsa, Oklahoma. Zac
CloseCross, a multi-party, decentralised derivatives trading platform in beta, has opened its investment round with USD3 million backed by Amnis Ventures, a privately owned venture fund based in Houston, Texas.
The investment puts CloseCross at a post-money valuation of USD60 million.
CloseCross is committed to a disruption of the current financial derivatives market by deploying patented multi-party settlement mechanisms and proprietary algorithms. Its aim is to create a derivatives environment where market participants enter collective smart contracts instead of traditional one-to-one contracts. CloseCross’ testnet application is currently available in beta in 140 countries across both iOS and Android platforms.
Bipsync, a research platform provider for investment management firms, has secured USD7 million in a growth investment round led by Edison Partners. FINTOP Capital also participated in the round.
Proceeds will be used to expand Bipsync’s global footprint and accelerate product innovation, customer success initiatives, and sales and marketing operations.
The funding builds on an exceptional growth period at Bipsync, which has seen three-times year-over-year growth in bookings, over 100 per cent net revenue retention and expansion into new client markets of Limited Partners and allocators. Bipsync’s global client roster now spans the entire investment management industry in asset
In 2017, investors allocated almost USD120 billion into private debt funds, on the back of approximately USD100 billion being raised in 2015 and 2016. To better understand the context into which investors are deploying such large amounts of capital, SEI and Preqin conducted a survey of private debt fund managers in mid-2018.
Maples and Calder and MaplesFS which together comprise Maples Fiduciary and Maples Fund Services, have consolidated their offerings under a single brand, now called the Maples Group.
This composite of collective services includes an international law firm, advising on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg and global fund administration and fiduciary services.
The rebranding initiative, which includes a new corporate logo and website, highlights the strength of the Maples Group as a comprehensive solution for legal, fiduciary, fund, entity formation and management services, as well as regulatory and compliance services.
Due to high demand, the Investment Management Due Diligence Association (IMDDA), an investor-based organisation dedicated to professionals who investigate facts concerning investment programs, has extended the global testing period for its first Chartered Due Diligence Analyst (CDDA) test to 31 March 2019.
The IMDDA also announced the opening of registration for the preparatory course for those planning to pursue the new CDDA exam.
Announced in November 2018, the CDDA is an internationally recognised designation developed to ISO 17024 and ANSI accreditation standards that rigorously tests for aptitude and expertise in due diligence. Each person who passes the exam becomes
Following the successful completion of its merger with alternative asset manager Altegris, Artivest has expanded its suite of services to include product structuring and fund distribution solutions for asset and wealth manager enterprise partners.
These new offerings embody Artivest’s long-term commitment to advising and partnering with its array of clients at every stage along the alternative fund lifecycle.
“Our mission is to optimise investor, advisor, and enterprise access to premier alternative funds. These new consulting offerings play a critical role in this undertaking,” says James Waldinger (pictured), Founder and CEO of Artivest. “We will continue to identify options for
By Bob Nicolson, Head of Consultancy at Nicolson Bray – Organisations today are facing a dangerous combination of mounting cybersecurity threat and a lack of in-house expertise to meet the challenge. Smaller firms have typically allocated responsibility for information security to a member of the operations or financial team and given IT the responsibility for technical cyber security. In most cases these responsibilities are secondary to the allotted individuals main role, resulting in issues around prioritisation and conflicts of interests.
As such, it is now commonly understood that having a person, or team, solely accountable for cyber security has become
Indus Valley Partners, a provider of technology solutions to the buy side, has launched a new CAT module for its global regulatory reporting platform, IVP RAPTOR.
Designed to assist funds in complying with FINRA’s proposed consolidated audit trail (CAT) initiative, IVP’s CAT module enables users to streamline daily regulatory obligations in an effectively managed and timely manner.
CAT, which will go live in November 2019, is a single, consolidated central repository that collects information on trade origination, order reporting, cancellations, modifications and executions for all exchange-listed equities and options throughout the US National Market System (NMS).
With the
Optima Partners has appointed compliance industry veteran Portia Amato as a Director in the firm’s New York office.
Amato (pictured), brings nearly two decades of experience in providing compliance services for the investment management industry. In her new role, Amato will be responsible for maintaining client relationships and working with management to drive further growth for the firm, which has more than 500 clients including hedge funds, private equity and venture capital firms, broker dealers, and global banks.
Before joining Optima, she was a Compliance Officer at DRA Advisors, a New York-based investment advisory firm specialising in real estate
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