Visit us at https://is.gd/IkWX2T
Tag: managers
Visit us at https://is.gd/avdvf4
Visit us at https://is.gd/2vIPFA
Visit us at https://is.gd/u06pk9
Toronto, April 01, 2021 (GLOBE NEWSWIRE) — Not for distribution to U.S. newswire services or for dissemination in the United StatesThis announcement and the information contained herein is restricted and is not for release, publication or distribution, in whole or in part, directly or indirectly in, or into or from the United States or any other jurisdiction in which the same would be unlawful.
3iQ Corp. (“3iQ”) and CoinShares International Ltd. (Nasdaq First North Growth Market: CS)(“CoinShares”), two of the world’s largest digital asset managers, with a combined $7 billion of assets under management, today announced an agreement between them which will pave the way for future strategic collaboration in the digital assets space. The two firms share similar objectives – to make digital assets more accessible to investors through a variety of trusted, regulated investment vehicles that are available in global markets. This agreement builds on CoinShares’ existing strategic investment in 3iQ and further aligns the objectives of the two firms.
“3iQ is a leading innovator of cryptocurrency investments, launching the first ever publicly traded bitcoin vehicle in Canada. Our deep expertise and understanding of the asset has been applied to the launch of the 3iQ CoinShares Bitcoin ETF,” said Fred Pye, CEO and Chairman of 3iQ. “Our collaboration with CoinShares, a publicly listed digital asset manager, allows us to share the global brand that CoinShares has built over the past 5 years and continue to deliver innovative investment vehicles.”
CoinShares CEO Jean-Marie Mognetti added “We have followed 3iQ’s incredible growth closely since they received a landmark decision in Canada to allow listed bitcoin vehicles. At CoinShares, we have built our products with trust and transparency in mind, and we are excited to collaborate with 3iQ, who share our vision and mission of making digital assets more accessible to investors of all types.”
3iQ anticipates launching the 3iQ CoinShares Bitcoin ETF (the “ETF”) in early April. The investment objectives of the ETF are to (a) provide its unitholders with exposure to digital currency bitcoin and the daily price movements of the U.S. dollar price of bitcoin and (b) the opportunity for long-term capital appreciation. Units of the ETF will, subject to the ETF satisfying the Toronto Stock Exchange’s (the “TSX”) original listing requirements, trade on the TSX in Canadian dollars under the symbol “BTCQ” and in U.S. dollars under the symbol “BTCQ.U”.
3iQ is the investment and portfolio manager of the ETF.
“As the largest digital asset management firm in Canada, we believe our knowledge and expertise will enable this ETF to compete effectively.” said Robert Kidd, President of 3iQ. “Going forward, we plan to accelerate our product roadmap and reach new markets and hope to benefit from CoinShares’ experience and expertise as we develop new financial products.”
About 3iQ Corp.
Founded in 2012, 3iQ is Canada’s largest digital asset investment fund manager with more than C$2 billion in assets under management. 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund (TSX:QBTC, QBTC.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets. For more information about 3iQ and its digital asset investment funds, visit www.3iQ.ca or follow us on Twitter @3iQ_corp.
About CoinShares Group
CoinShares is Europe’s largest digital asset investment firm, managing over US$4 billion of assets on behalf of a global client base. Our mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class. For more information on CoinShares, visit: https://coinshares.com
You will usually pay brokerage fees to your dealer if you purchase or sell units of the ETF on a stock exchange or other alternative Canadian trading system (an “exchange”). If units of the ETF are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.
There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the ETF in its public filings available at http://www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and anticipated events or results and may include statements regarding the future financial performance of the fund’s managed by 3iQ. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
IMPORTANT NOTICES
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction. The ETF’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute.
CONTACT: Fred Pye 3iQ Corp. (416) 639-2130 fred.pye@3iq.ca Jay Morakis M Group (646) 859-5951 jmorakis@mgroupsc.com
According to digital asset investment manager, CoinShares, institutional demand in the U.S. has declined slightly however European funds are still buying.
According to Coinshares’ March 22 Fund Flows Weekly report, combined flows into institutional crypto products totaled $99 million for the week ending March 20.
The data indicates a significant decline in institutional demand, with inflows down 59% from the previous week, which recorded $242 million.
However, the researchers noted that the assets under management figure for the top institutional investment products reached a record high of $57 billion.
The report added that while demand has declined in the U.S., institutions located in Europe and Canada continued buying last week.
Daily volumes for Bitcoin related products have also declined by around 35% to $713 million per day versus $1.1 billion per day on average for 2021. However, trading volumes remain steady at $11.8 billion per day.
Following strong Ethereum inflows during February, institutions appear to have again set their sights on Bitcoin, with $85 million entering BTC funds compared to just $8 million for ETH-based products last week. CoinShares noted that there was very little interest in Binance Coin, Ripple, and Bitcoin Cash-based products respectively.
Grayscale remains the market leader for institutional investment, with its total assets under management tagging $44.2 billion according to a March 23 tweet from the firm. Of that total, 84% has been invested in the firm’s Bitcoin Trust.
03/22/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $44.2 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC $BAT $LINK $MANA $FIL $LPT pic.twitter.com/q6krycE3zi
— Grayscale (@Grayscale) March 22, 2021
CoinShares’ own fund, which ranks second in terms of AUM with just under $5 billion, was the only institutional crypto manager to record an outflow for the week, losing $25.9 million. The Canadian 3iQ fund ranked third increased by $1.1 million to a total AUM of $1.7 billion.
At the time of writing, Bitcoin is continuing to correct after dropping 3.6% over the past 24 hours to trade at $54,850. Ethereum has lost 4% over the same period and is currently changing hands for roughly $1,700.
Image Credit: Refer to Source
Author: Refer to Source Cointelegraph By Martin Young
2020 was the year Crypto went Institutional and with some of the large institutions investing into Crypto including Private Banks, Asset Managers and wealth managers, we will discuss the fundamental drivers behind this market to help wealth managers understand the role of digital assets in portfolio construction. We will examine where this market is going, what are the opportunities and associated risks.
Questions covered:
– Define our terms: How best to understand what Bitcoin is?
– Why does the market exist, what’s driving it and how?
– Why wealth management clients should consider digital assets and how can they be part of portfolios?
– What challenges exist for private bankers and wealth managers in handling this business, such as around custody, settlement, regulatory controls?
Webinar Objectives:
– To clearly define and explain Crypto Assets and achieve a clear understanding of this asset class
– Discuss the benefits it can give a client portfolio, while assessing the risks and trying to reduce these
– Offer a discussion forum for questions related to this asset class
This webinar is held on 9th March 2021, organised by WealthBriefing and Nickel Digital. Speakers include Anatoly Crachilov, Founding Partner & CEO, Nickel Digital; Anndy Lian, Intergovernmental Blockchain Advisor; and Evrard Bordier, CEO and Managing Partner Bordier & Cie, Singapore.
"Bitcoin’s set cap makes it more reliable than other scarce assets. It will eventually function as a store of value and as a means of payment, even though that might not be the case today.
At this point, the inherent deflationary nature of Bitcoin leads to hoarding and speculation, driving price volatility. But once Bitcoin has finished accumulating value, when it has become a large and liquid asset, it will be much more stable than it is today. This trend is already visible." Anndy Lian commented during the event.
Crypto Assets are a relatively new asset class very different from traditional asset classes but one that can add real value as an uncorrelated source of returns. Nickel Digital has just recently finished an analysis reflecting an impact of 1%-3% allocation to Bitcoin within a standard 60% equity / 40% fixed income portfolio. The findings (over a statistically significant 8-year period) indicate that such a controlled allocation not only boosts performance of the underlying portfolio, but also improves Sharpe ratio, thus resulting in a more efficient portfolio construction.
Speakers:
Anatoly Crachilov
Founding Partner & CEO, Nickel Digital
Anatoly is an investment professional with 25 years of experience in investment management and private equity. Prior to co-founding Nickel Digital in 2019, Anatoly was for seven years with investment management divisions of Goldman Sachs and JPMorgan dealing with asset allocation and portfolio construction.
Anndy Lian
Intergovernmental Blockchain Advisor
Anndy Lian is an all-rounded business strategist with more than 15 years of experience in Asia. He has provided advisory across a variety of industries for local, international & public listed companies. Anndy played a pivotal role in not-for-profit and quasi government linked organizations. An avid supporter for incubating start-ups, Anndy has investments in a few health-related companies. He believes that what he is doing for blockchain technology currently will revolutionise and redefine traditional businesses.
Evrard Bordier
CEO and Managing Partner Bordier & Cie, Singapore
Evrard Bordier is chief executive officer of Bordier & Cie, Singapore. In addition, he serves as managing partner of Bordier & Cie Group since 2011, and is president of the board of Bordier Bank (TCI) since 2000. Prior to his current role in Singapore, he was managing director of Bordier International in London for 10 years.
Join us on Tuesday, March 9th at 08:00 GMT for an open exploration of why digital assets matter, where the market is going, what are the opportunities and risks
Featured Speakers
Anatoly Crachilov, Nickel Digital Asset Management
Anndy Lian, Inter-governmental Blockchain advisor
About This Webinar
Crypto Assets are a relatively new asset class very different from traditional asset classes but one that can add real value as an uncorrelated source of returns. Nickel Digital has just recently finished an analysis reflecting an impact of 1%-3% allocation to Bitcoin within a standard 60% equity / 40% fixed income portfolio. The findings (over a statistically significant 8-year period) indicate that such a controlled allocation not only boosts performance of the underlying portfolio, but also improves Sharpe ratio, thus resulting in a more efficient portfolio construction.
Background
2020 was the year Crypto went Institutional and with some of the large institutions investing into Crypto including Private Banks, Asset Managers and wealth managers, we will discuss the fundamental drivers behind this market to help wealth managers understand the role of digital assets in portfolio construction. We will examine where this market is going, what are the opportunities and associated risks.
What to Expect – Questions we will covering:
Q – Define our terms: How best to understand what Bitcoin is?
Q – Why does the market exist, what’s driving it and how?
Q – Why wealth management clients should consider digital assets and how can they be part of portfolios?
Q – What challenges exist for private bankers and wealth managers in handling this business, such as around custody, settlement, regulatory controls?
Q – Looking at the price of Bitcoin, are we top of a hill or a bottom of a mountain?
Webinar Objectives
- To clearly define and explain Crypto Assets and achieve a clear understanding of this asset class
- Discuss the benefits it can give a client portfolio, while assessing the risks and trying to reduce these
- Offer a discussion forum for questions related to this asset class
Anatoly Crachilov
Founding Partner & CEO
Anatoly is an investment professional with 25 years of experience in investment management and private equity. Prior to co-founding Nickel Digital in 2019, Anatoly was for seven years with investment management divisions of Goldman Sachs and JPMorgan dealing with asset allocation and portfolio construction.
Anatoly earned an MA degree in International Business from the University of National and World Economy in Sofia and Executive MBA degree from the University of Oxford in 2009. He returned to Oxford in 2018 to be among the first cohort of global investment professionals to complete Oxford Blockchain Strategy Programme, which ultimately led to co-founding of Nickel Digital.
Anndy Lian
Inter-governmental Blockchain Advisor
Anndy Lian is an all-rounded business strategist with more than 15 years of experience in Asia. He has provided advisory across a variety of industries for local, international & public listed companies. Anndy played a pivotal role in not-for-profit and quasi government linked organizations. An avid supporter for incubating start-ups, Anndy has investments in a few health-related companies. He believes that what he is doing for blockchain technology currently will revolutionise and redefine traditional businesses.
About Nickel Digital
Nickel Digital Asset Management is an investment manager connecting traditional finance with the digital assets market. The firm deploys highly sophisticated low-latency algorithmic trading, pursuing a range of arbitrage strategies in both spot and derivative markets, as well as a range of directional buy-and-hold products. All funds are designed with institutional clients in mind. We apply strict transparency and execution efficiency criteria across our solutions, with a commitment to maintain market-leading standards for the crypto industry.
5% “Bitcoin investment plan this year”
[Blockchain Today Reporter Park Yohan] More than 70% of the CFO (CFO) in the financial sector said they are watching the trend of Bitcoin before deciding to invest in Bitcoin.
In addition, 5% of CFOs said they have plans to invest in Bitcoin in 2021. 11% of respondents said they had an investment plan in 2024.
The survey, conducted by Gartner, was conducted with Tesla investing 8% of its assets ($1.5 billion) in Bitcoin. MicroStrategy also announced its intention to invest an additional $600 million in Bitcoin on February 16, US time.
The response of 77 respondents, including 50 CFOs, varied by industry. CFOs in the technology sector were active in investing in bitcoin, and 50% of respondents said that they expected companies to invest in bitcoin in the future, and there was no difference in responses depending on the size of the company.
Most of the respondents (84%) said that Bitcoin is highly volatile, making it difficult to make investment decisions. However, looking at the trend, they responded that there is a possibility to invest in bitcoin in some cases.
Over 70% said they would like to know about other investors’ bitcoin activities. Nearly the same number of respondents said they want regulators to be informed of the risks that can arise from owning digital assets.
“There are facts to remember,” said Alexander Bant, head of the Gartner Research Division. Currently, crypto assets are in their infancy. The role of financial executives is to keep the company’s accounting status stable. Therefore, it is unlikely to invest in an unknown field.”
Other factors limiting bitcoin investment are risk aversion (39%), the reality that crypto assets are slowly adopted as a payment or exchange method (38%), lack of understanding (30%), cyber risk (25%) and complex I heard the accounting process.
Due to the fact that there were few people who participated in the survey, it was difficult to derive statistically meaningful results. However, it is worth noting how corporate investment will affect Bitcoin. In the second half of 2020, excluding the finance and utility sectors among S&P globally registered companies, the company held $2 trillion in cash. This is more than twice the current market cap of Bitcoin, and there is a possibility that it will flow into Bitcoin.
Investment firm ARK Invest earlier this month argued, “Even if S&P 500 companies invest only 1% of their cash reserves in bitcoin, bitcoin can rise to $90,000.” ARK could go up to $400,000 if invested 10%.
Meanwhile, according to Gartner’s 2018 survey, only 66% of CIOs are aware of blockchain technology.
contact@blockcast.cc
Blockcast.cc ©
Firm reports triple-digit growth in APAC as Chinese managers turn to Enfusion’s cloud software to optimize efficiency
NEW YORK and LONDON and HONG KONG, Jan. 27, 2021 /PRNewswire/ — Enfusion, the leading provider of cloud-based investment management software, announced today a record number of 14 new clients in China and overall double-digit growth in Asia Pacific (APAC) in 2020. Enfusion’s growth underscores the increasing demand among international institutional and alternative investment managers looking for robust platforms to support domestic and global trading.
The newly signed Chinese managers represent an additional USD 7.4BN in assets under management (AUM) that will run through Enfusion’s cloud-native SaaS software. New Chinese clients include Orient Securities International Financial Group Limited, Yaozhi Asset Management International Co., Limited, and China Securities (International) Finance Holding. Ping An of China Asset Management (Hong Kong) Company Limited, the asset management arm of Ping An Insurance (Group) Company of China, is also among the new clients signed and will utilize Enfusion’s portfolio management solutions and accounting offerings across 19 funds.
As more Chinese investors seek out offshore investments, a new wave of operational challenges has emerged. Traditionally reliant on domestic investment platforms, many Chinese managers now find their systems unable to accommodate the diverse nature of their onshore and offshore investments, forcing them to use disparate systems which are cumbersome, error-prone, and take valuable time away from the investment process. Many institutional managers have since turned to Enfusion to streamline this process across the front-middle-and back office, ultimately providing the accuracy, transparency, and efficiencies needed to support rapid international expansion.
“We have been watching the changes in the Chinese market and are confident that our solutions will continue to equip investment managers with the tools needed to diversify their strategies, manage risks and exceed investor demands,” said Thomas Kim, CEO of Enfusion. “Our ability to deploy and operationalize systems quickly, especially during times of high growth, is a competitive advantage we’re proud to provide our global clients, including those in China.”
China Securities (International) Finance Holding said, “We needed a front-to-back solution to react more quickly to market opportunities. Previous manual processing ended up causing high costs, more time, and human errors. To scale the business growth while reducing operational risk, we decided to leverage technology to prevent manual intervention.”
In addition to the growth in China, Enfusion signed and onboarded a record 58 new fund managers in APAC, totaling USD 21BN AUM. Enfusion’s growth in APAC comes at a time when the industry is facing massive fee compression and uncertainty on the heels of the global pandemic. As the search for alpha becomes more complex, managers are rethinking their technology stack to reduce cost and mitigate risk.
“As the shifting geopolitical and economic landscape enhances cost pressures for institutions in the market, our cloud-native SaaS offerings can help managers realize ROI more quickly and with shorter implementation cycles than alternatives hosted on-premise, ultimately unlocking efficiencies and resources across the entire organization,” said Bob Feng, Enfusion’s Head of APAC. “We are encouraged by the growing number of APAC managers welcoming our cloud solution and single dataset approach and look forward to building on this growth in 2021.”
About Enfusion
Enfusion’s investment management software-as-a-service platform removes traditional information boundaries, uniting front, middle and back-office teams on one cloud native system and across one golden data set. Through our industry-leading software, analytics, and middle/back-office managed services, we create enterprise-wide cultures of real-time, data-driven intelligence, boosting agility, and powering growth.
As a Fintech leader and pioneer in developing innovative solutions, Enfusion partners with 500+ investment managers from nine global offices spanning four continents. In 2020, HFM named Enfusion as the “Best Overall Technology Firm”, “Best Trading & Execution Technology”, “Best Integrated Solution” and “Best Managed Services Provider”. For more information about its technology and Managed Services capabilities visit: https://www.enfusion.com/.
SOURCE Enfusion
WWW.BLOCKCAST.CC 