Digital Assets Report

Latest News

Dymon Asia Capital, the Singapore-based hedge fund firm founded by Danny Yong and Keith Tan in 2008, has added to its team in the firm’s headquarters in the city state, as well as making appointments in its Hong Kong and Mumbai offices, according to a report by eFinancial Careers.
Abacus Group, a managed services provider to hedge funds and other alternative investment firms, has appointed Anthony J D’Ambrosi as its new Chief Executive Officer, replacing Chris Grandi, who has transitioned to the post of Chairperson.
Stock-picking hedge funds were the best performing hedge fund strategy in Q1 2024 with an average 7.9% gain, but they still trailed the S&P 500 and Nasdaq Composite Index, which put on 10.6% and 9.3% respectively, according to a report by Bloomberg.
Chevron and Tesla topped the Americas large-cap list for most shorted stocks in March, according to the latest Shortside Crowdedness Report from active treasury and intelligent operations technology specialist Hazeltree.
Millennium Management, the multi-strategy hedge fund major founded by Izzy Englander, has tapped another Goldman Sachs executive – the bank’s Global Treasurer, Philip Berlinski – for a senior management role at the New York-based firm.
Brevan Howard Asset Management’s cryptocurrency fund, BH Digital, which manages around $1.7bn in assets, returned 34.5% in the first three months of the year, bringing total gains since it debuted in March 2022 to nearly 51%, according to a report by Bloomberg.
Quant hedge fund firm DE Shaw’s statistical arbitrage Valence fund has started the year strongly with a 9% Q1 gain, beating the average 5% hedge fund gain for the first three months of the year, but falling shy of the S&P 500’s 10% increase, according to a report by Business Insider.
Cassini, a provider of front-to-back margin and collateral analytics and optimisation tools for derivatives and prime brokerage clients, has added to its platform’s capability to replicate PB margin across various policy types, as well as introducing a stress testing feature that fortifies hedge funds against forced liquidation events.
Global hedge funds sold off US stocks at a faster pace than they bought for the fifth week in a row last week, with much of the sell-off coming in communication services stocks and exchange-traded funds, according to a report by Reuters citing Bank of America data.
McKay Brothers International has launched the lowest latency private bandwidth between London and Stockholm, connecting London’s LD4 data centre, home of Cboe Europe and Stockholm’s Stack STO01 data centre, which houses Nasdaq-OMX’s markets.

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