Digital Assets Report

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TOP STORY: Soaring cocoa prices and and a slump in the Japanese yen are among several financial market trends that have helped computer-driven quant hedge funds to rack up strong returns in the first quarter of the year, according to a report by the Financial Times.
Institutional digital asset prime broker FalconX has launched Prime Connect, an exchange settlement solution which enables institutional investors to trade on exchanges while their funds remain in bankruptcy-remote, regulated custody.
Jain Global, the hedge fund founded by former Millennium Co–Chief Investment officer Bobby Jain, has expanded its teams in Singapore, London and New York, ahead of its planned July launch, according to a report by eFinancial Careers.
Taula Capital Management, the new hedge fund founded by former Millennium Management Portfolio Manager Diego Megia, which is set to begin trading later this quarter, is setting up an office in Milan, according to a report by Bloomberg.
US hedge fund Elliott Investment Management believes market participants are too pessimistic about the size of Thames water’s debt pile and has built a position in the troubled utility company’s bonds, according to a report by the Financial Times.
The Financial Regulatory Authority of Egypt has proposed amendments to the executive regulations of the country’s Capital Market Law that would allow for the launch of hedge funds in the country, according to a statement by the authority.
Appaloosa Management, the distressed debt-focused hedge fund firm founded by David Tepper and Jack Walton, has become the latest company to file a lawsuit over the wipeout of $17bn of high-risk bonds in UBS Group’s deal last year to save Credit Suisse from total collapse.
Brazilian multi-strategy hedge fund major SPX Capital has appointed Predee Anuvatnujotikul, a former trader at Goldman Sachs Group, as a Portfolio Manager based in the firm’s Singapore office, according to a report by Bloomberg.
George Klavdianos, a Portfolio Manager who left Balyasny’s London office in December following reports of a $100m loss in a trading book he was leading, has joined Millennium Management as a Senior Portfolio Manager, according to a report by eFinancial Careers.
Stockholm-based hedge fund firm Tidan Capital has appointed Magnus Linder as Portfolio Manager of Nova, a market neutral volatility and options arbitrage strategy scheduled to launch during Q2 2024.

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