Chris Rayner-Cook, a Senior Director of global trading at CoinBase and a former Portfolio Manager at several hedge fund firms including Millennium Management and Citadel, has left the publicly traded digital assets exchange, according to a report by eFinancial Careers.
A “significant and unprecedented drawdown” following failed bets in China and Japan has prompted Singapore-based Asia Genesis Asset Management to liquidate its macro hedge fund, according to a report by Reuters.
Digital asset investment products saw minor outflows last week totalling $21m, although this top line number masks very high trading volumes which totalled $11.8bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
Hedge fund capital surged beyond the historic $4tn milestone to begin 2024, with investors remaining focused on inflation, higher interest rates, and macroeconomic uncertainty, but increasingly much more focused on uncertain geopolitical risk and acceleration in M&A.
Global hedge funds turned positive on US technology stocks in the week ending 18 January, upping their share purchases in the sector at the highest pace seen in two months, according to a report by Reuters.
Balyasny has appointed two new business development Managing Directors to its team in New York – David Matz and Daniel Anzalone, who will focus on finding new portfolio manager talent, according to a report by eFinancial Careers.
Activist hedge fund Blackwells Capital is seeking support for three board director nominees at Walt Disney, saying in a preliminary proxy filing that all three have skills and experience that would help the business, according to a report by Reuters.
The China operations of US hedge funds Bridgewater Associates and Two Sigma Investments saw a big surge in assets last year as they weathered market turbulence to outperform their local rivals, according to a report by the Financial Times.
Clear Street, a New York-based diversified financial services firm founded in 2018, has added a corporate access offering as part of its services across prime brokerage, sales, trading and investment banking.
The world’s 20 most successful hedge fund firms generated their biggest profits on record last year on the back of a stock market surge, making a combined $67bn for investors, according to a report by Reuters citing data from LCH
