Digital Assets Report

Latest News

Schonfeld Strategic Advisors, the $10bn New York-based hedge fund firm founded by Steven Schonfeld, ended the first quarter with a 6.2% gain for its flagship Strategic Partners fund, according to a report by Reuters.
James Regan has left UBS in London, where he held the position of Co-Head: Global G11 & PM STIR Trading, to take up a Portfolio Manager position in New York at multi-strategy, multi-manager hedge fund firm Verition Fund Management.
The world’s nine biggest multi-strategy hedge fund firms – Citadel, Millennium, Balyasny, Point72, Verition, Schonfeld, Walleye, Eisler and ExodusPoint – now employ a combined 15,665 people, with almost half that total (7,103) being in investment roles, according to a report by eFinancial Careers.
Digital asset investment products saw a recovery in sentiment with inflows totalling $862m last week, almost fully recovering the prior week’s record $931m outflows, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Multi-strategy major Citadel saw positive performance across all of its investment strategies in the first quarter of the year, with the firm’s flagship investment vehicle, the Wellington fund, posting a 5.75% gain, according to a report by Reuters.
GoldenTree Asset Management, the $54bn global credit hedge fund firm founded by Steve Tananbaum, has closed its third CLO strategy, GoldenTree Loan Management (GLM) III with commitments of $1.3bn, ahead of its $1bn target.
Disney’s board has secured the backing of T Rowe Price – and the votes attached to the mutual fund’s firm’s 11.7m shareholding in the entertainment giant – in its battle with Nelson Peltz’s activist hedge fund firm Trian Fund Management, according to a report by Reuters.
Successful activist bets have helped Third Point, the New York-based hedge fund firm founded by Daniel Loeb, to record an 8% return for its main offshore fund and a 8.7% gain for its Ultra strategy so far this year, according to a report by Reuters.
Citadel has appointed Zheng Wang, a former Senior Software Engineer at San Francisco-based self-driving vehicle technology specialist Cruise, as a software Engineer based in the multi-strategy major’s New York headquarters.
Gregory Ciongoli, a partner in the public investment group at The Baupost Group, has left the $23bn value-oriented, multi-strategy hedge fund firm, which is headed by Chef Executive Officer and Portfolio Manager Seth Klarman, according to a report by Pensions & Investments Online.

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