Bitcoin’s recent surge to over $107,000 and its 150% year-to-date gain are driving a significant rise in enquiries from new investors, according to digital assets hedge fund firm Nickel Digital Asset Management.
Hedge fund professionals are anticipating bonus increases of 65% in January 2025, according to data from financial services careers platform eFinancialCareers, with the expected bonus growth exceeding the global average by over 15%.
Digital assets derivatives exchange Deribit has added support for the Pax Gold (PAXG), a token created by Paxos that is backed 1:1 by a fine troy ounce of LMBA good delivery gold vaulted in London.
Hedge fund performance rallied by 2.4% in November 2024, following a down month in October, according to the latest Monthly Hedge Fund Update from Citco, achieving an overall weighted average return of 13.3% in 2024 to date.
JJJ Capital Management, a hedge fund founded by former traders from Moore Capital Management, is setting up operations in Dubai, becoming the latest firm to join the growing hedge fund migration to the United Arab Emirates.
Hedge fund manager Boaz Weinstein has called on shareholders of seven UK investment trusts to revamp their boards due to underperformance, proposing his firm, Saba Capital, as replacement manager, according to a report by the Financial Times.
Point72 Asset Management’s systematic arm, Cubist Systematic Strategies, is ramping up its recruitment efforts, investing tens of millions of dollars to attract PhD graduates, quants from hedge funds, and high-frequency trading (HFT) experts, according to a report by Business Insider.
Sam Hou, head of Cubist Systematic Strategies, the systematic arm of Point72, has left the hedge fund to join quant fund Qube Research & Technologies, according to a report by eFinancialCareers.
Portfolio Manager Britney Lam who joined Magellan Capital in May, has left the Dubai-based hedge fund firm just months before its anticipated $700m launch and is no longer based in Dubai, according to a Bloomberg report, citing unnamed sources.
Digital asset investment products recorded $3.2bn in inflows last week, with year-to-date inflows reaching $44.5bn, more than four times higher than any previous year, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
