Marc Giraudon, the new CEO of Helvetica, is strategically repositioning the Zurich-based real estate investment manager, focusing on suburban properties for growth rather than prime central locations. Since taking over in April, he has emphasized teamwork and efficiency, selling off underperforming assets to prepare the Helvetica Swiss Living Fund for a potential IPO by 2025.
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News from JEY
Generated 0 posts last week South Korea’s Pension Fund Invests in MicroStrategy and Coinbase Stocks
South Korea’s National Pension Service (NPS) has invested nearly $34 million in MicroStrategy by acquiring 24,500 shares at an average price of $1,377.48 each. Following a 10-for-1 stock split, the NPS now holds 245,000 shares valued at approximately $32.32 million. Additionally, the fund has invested over $45 million in Coinbase, reflecting a growing trend among institutional investors seeking exposure to cryptocurrency through publicly traded companies.
read moreWisconsin Investment Board Expands Bitcoin ETF Holdings to Nearly 2.9 Million Shares
The State of Wisconsin Investment Board has increased its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) to nearly 2.9 million shares, up by 447,651 shares since March. This move follows the divestment of 1 million shares of Grayscale’s GBTC and reflects a broader trend of institutional investment in Bitcoin ETFs, with Jersey City also planning to allocate pension funds to this asset class. BlackRock’s IBIT has rapidly gained traction, attracting over $20 billion in net inflows since its January launch, positioning it to potentially surpass the Bitcoin holdings of Satoshi Nakamoto within a year.
read moreMichigan Pension Fund Invests $6.6 Million in Bitcoin via ARK ETF
Michigan’s retirement system has invested $6.6 million in Bitcoin through ARK 21Shares’ ETF, representing 0.004% of its total assets. This move follows other pension funds, such as Wisconsin’s SWIB, also adding Bitcoin exposure. Jersey City’s pension fund is also considering a similar investment, signaling a growing trend among institutional investors.
read moreStandard Chartered’s Crypto Subsidiary in Talks to Acquire Billionaire-Backed Firm
A subsidiary of Standard Chartered is in talks to acquire Elwood Capital Management, a digital asset business backed by billionaire hedge fund manager Alan Howard. The acquisition is expected to provide licenses for Zodia Markets to operate as a virtual asset service provider and investment business in Jersey, and to enhance Zodia’s focus on OTC settlement services. Additionally, Standard Chartered is venturing into spot market crypto trading by launching a Bitcoin and Ethereum trading desk in London.
read moreElwood Technologies’ Large ETH Transfers Spark Speculation Amid Acquisition Talks
Large ETH transfers from Elwood Technologies to Binance have sparked speculation amid acquisition talks with Standard Chartered. The moves, totaling millions of dollars, have raised concerns about potential selling pressure in the market. Despite this, ETH prices have remained relatively stable, with investors hopeful for a boost from an upcoming spot ETF launch in the United States.
read moreStandard Chartered’s Zodia Markets Expanding OTC Crypto Services Through Acquisition
Standard Chartered’s crypto division, Zodia Markets Ltd., is in talks to acquire part of Elwood Capital Management Ltd., backed by billionaire hedge fund manager Alan Howard. This move would provide Zodia with licenses for virtual asset services and investment business in Jersey, supporting a shift towards OTC settlement services. Standard Chartered sees digital assets, especially stablecoins, as a permanent part of the future of finance and is bullish on the potential of cryptocurrencies. Analysts at the bank have predicted a higher trend for Bitcoin in 2024, despite recent corrections from its all-time high.
read moreUK Financial Regulator Softens Stance on Bitcoin-Linked Securities Listing
The UK’s financial regulator has softened its stance on digital assets, allowing the listing of bitcoin and ethereum-backed exchange traded notes for professional investors on the London Stock Exchange. This move comes after the FCA banned crypto-related derivatives in 2021, citing concerns over leverage available to consumers. The regulator continues to prohibit the sale of ETNs to retail consumers, emphasizing the need for regulated and easy routes into popular tokens such as bitcoin.
read moreLondon Stock Exchange to Accept Bitcoin and Ether ETNs for Trading
The London Stock Exchange is set to accept applications for the admission of bitcoin and ether crypto exchange-traded notes (ETNs) in the second quarter of this year. These ETNs must be physically backed, have a reliable market price, and the underlying cryptoassets must be held in ‘cold storage’ or equivalent arrangements by a regulated custodian. The UK’s Financial Conduct Authority will not object to creating a UK-listed market segment for crypto asset-backed Exchange Traded Notes (cETNs), provided that sufficient controls are in place for orderly trading and investor protection.
read moreExperts in Financial Regulation and Risk Management: Professional Profiles
Julia is a seasoned partner at PwC Singapore, specializing in digital regulatory risk and compliance for financial institutions. With over 20 years of experience, she has led various transformation programs and advisory roles, while also contributing to board directorship and mentoring. Bradley, a senior research fellow, focuses on the economic impact of financial regulation and holds multiple Master’s degrees. Osvaldo, a Suitability & Wealth Management expert, has a rich background in financial consulting and advisory roles, with a strong educational foundation and a range of licenses in the finance industry.
read moreLGT Completes Acquisition of Abrdn’s Discretionary Fund Management Business, Expanding Regional Presence
LGT has successfully acquired Abrdn’s discretionary fund management business in the UK and Jersey, adding £6bn worth of assets to its portfolio and expanding its regional presence. This £140m deal allows LGT Wealth Management to take on Abrdn Capital’s 4,000 clients and 140 employees, further strengthening its position in the wealth management industry.
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