Digital Assets Report

Latest News

Balyasny Asset Management has added three new Portfolio Mangers to its trading team in both its New York and Miami offices as part of a broader restructuring of the multi-strategy major’s equity trading business, according to a report by Bloomberg.
Steve Cohen’s Point72 Asset Management is limiting new investor inflows in a bid to ensure it secures the best possible returns for existing clients, with AUM already sitting at a record high of $32bn, according to a report by Bloomberg.
Broadridge Financial Solutions has launched a global futures and options software-as-a-service (SaaS) platform, designed to transform order and execution management capabilities for sell-side institutions and expand its existing derivatives trading capabilities. 
Basis trade positions, a strategy of trading the spread between cash Treasuries and their underlying futures could be on the slide as hedge funds unwind their short Treasury futures bets, according to a report by Bloomberg citing a Bank of America note.
The Depository Trust & Clearing Corporation, a post-trade market infrastructure for the global financial services industry, has seen its Fixed Income Clearing Corporation Treasury clearing volumes grow 31% year over year, processing a daily average volume of $7.02tn. 
Sholto Maconochie, Head of Australia Real Estate – Equities Research at Jefferies, is set make a switch to the buy-side, having agreed to join Alex Wallis’ new investment “pod” at Millennium Management, according to a report by the Australian Financial Review.
Standard General, a New York-based hedge fund focused on opportunistic investing in levered US mid-market companies, has made a non-binding offer to acquire the remaining shares it does not already own in gaming and betting company Bally’s Corporation.
FlexTrade Systems, a provider of multi-asset execution and order management systems for equities, fixed income, foreign exchange, futures, options and digital assets, has directly integrated with Coinbase Prime, a prime broker platform for digital and crypto assets.  
TOP STORY: Qube Research & Technologies, the London-based quant hedge fund firm spun out of Credit Suisse in 2018, has built the largest ever short position against Barclays, representing 0.73% of the bank’s stock, according to a report by The Times.
Pedro Videira e Castro has left BlackRock, where he has been since starting his career almost 13 years ago, to join Man Group, the world’s largest listed hedge fund firm, as a Managing Director and Head of Portfolio Engineering, according to a report by eFinancial Careers.

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