Digital Assets Report

Deals

QuantBot partners with 3forge

QuantBot Technologies, a global multi-billion-dollar quantitative manager, has selected 3forge’s full stack development platform for its front-end technology across all departments.

Man Group completes Varagon acquisition

Man Group has completed its previously announced acquisition of Varagon Capital Partners, a US middle market private credit manager with $11.8bn of assets under management  and $15.4bn of total client commitments, having received all necessary regulatory approvals.

Hedge fund boss Cohen’s VC firm leads GenTwo Series A round

GenTwo, a Swiss-based B2B Fintech platform specialised in securitisation of bankable and non-bankable assets, has raised $15m in a Series A led by US-based Point72 Ventures, the VC associate of Steve Cohen’s hedge fund firm Point72 Asset Management.

Odey AM swaps Mayfair HQ for serviced offices

Odey Asset Management has moved out of its long-time Mayfair headquarters and is now operating out of serviced office accommodation as the firm continues to dismantle itself in the wake of allegations of sexual assault and harassment levelled at founder

Tiger Global Management

Walmart pays $1.4bn for Tiger Global’s Flipkart stake

Walmart has paid $1.4bn to acquire Tiger Global Management’s remaining stake in Flipkart, in a deal that values the Indian e-commerce giant at $35bn, according to a report by Bloomberg, citing a letter sent by Tiger Global to investors.

GoldenTree to sell Travelodge for up to £1.2bn

GoldenTree, a US-based opportunistic, credit-focused hedge fund that owns Travelodge, is to put the budget hotel chain up for sale with £1 billion-plus price tag, according to reports by The Guardian and The Telegraph.

London

Lansdowne continues long-only push with $1.1bn CRUX deal

London-based investment manager Lansdowne Partners LLP, one of the UK’s oldest hedge fund firms, is continuing its push into long-only investing by agreeing to acquire $1.1 billion UK equities manager CRUX asset Management, according to a report by Reuters.

Tegna sign on building

Standard General pulls plug on TV deal

Hedge fund Standard General has terminated its acquisition agreement with US TV station operator Tegna, which manages 64 TV stations in 51 US markets, after failing to overcome a number of regulatory hurdles, according to a report by Reuters.

OptionMetrics acquires Woodseer Global

OptionMetrics, an options and futures database and analytics provider for institutional investors and academic researchers worldwide, has acquired Woodseer Global, a provider of dividend forecast data for equities, American depositary receipts and ETFs. 

Events

06 June, 2024 – 5:00 pm

Directory Listings