GAM appoints head of research for Alternative Investment Solutions business

GAM Investments has appointed Giovanni D’Alesio as head of research for its Alternative Investment Solutions business, effective 13 January. D’Alesio is based in London.

In this role, D’Alesio will be responsible for leading GAM’s external fund manager research team and managing portfolios that combine external managers and other investment exposures, including betas, factors and alternative risk premia...

Bitcoin Specific-Fund Is Latest to Tout the Digital Gold Narrative

Nickel Digital Asset Management, which runs a $50 million fund focused on cryptocurrency arbitrage, is launching a Bitcoin specific one targeting accredited investors.

The London-based money manager expects to have $1 billion in the fund, called Digital Gold Institutional, within 18 months, Chief Executive Officer Anatoly Crachilov said in a phone interview...

BlueBay hires PM to launch EM-focused illiquid strategy

BlueBay Asset Management is going to venture into the world of illiquid corporate credits and has hired a sector specialist to develop new strategies in this area.

The UK-based boutique has appointed Mihai Florian to the newly created role of senior portfolio manager to further develop its EMD illiquid corporate credit strategies...

PGIM hires Sun Hao as head of China institutional relationship

PGIM Inc., the asset management arm of US insurer Prudential Financial, has hired Sun Hao as head of the institutional relationship group for China, a market of “key strategic priority” for the company.

Based in Shanghai, he will focus on building brand recognition and deepening ties with Chinese banks, pension funds, and insurance companies in the newly created position, PGIM says in a statement on January 8...

Hedge Funds Could Make One Potential Fed Repo-Market Fix Hard to Stomach

One hurdle to a possible fix for recent volatility in the short-term cash markets: hedge funds.

Federal Reserve officials are considering a new tool to ease stresses in the market for Treasury repurchase agreements, or repos. Through the repo market, banks and hedge funds borrow cash overnight, while pledging safe securities such as government bonds as collateral. In September, an unexpected shortage of available cash to lend sparked a surge in the cost of repo-market borrowing, prompting the Fed to intervene for the first...