Poor performance and difficulties in accessing banking services has seen aground 13% of crypto hedge funds shut up shop so far this year, according to a report by Bloomberg citing data from Swiss investment adviser 21e6 Capital.
The rollercoaster ride at Haidar Capital Management continued in July with the firm’s flagship macro hedge fund, the Haidar Jupiter Fund, raking up a loss of 14% over the month, partly reversing its 27% surge in June, according to a
Hedge funds have lost more than $6bn this year betting against cruise lines, including Royal Caribbean and Carnival – two of the 10 most heavily shorted companies in the S&P 500 – and hotels, after underestimating the resilience of the
Large institutional investors, including pension funds and insurance companies, are looking to up their allocations to credit and equity hedge fund strategies between now and the end of the year, according to a report by Reuters.
NWQ Capital Management, a Perth-based hedge fund that numbers Reserve Bank governor Glenn Stevens among its investment committee members, has had its licence suspended by the The Australian Securities and Investments Commission (ASIC) for holding insufficient assets, according to a
The Tel Aviv Stock Exchange (TASE) has signed a strategic agreement with Fireblocks which will see the exchange offer a range of secure institutional-grade digital asset products and services for regulated entities.
Citadel has continued investing in its energy trading business with the appointment of Patrick Reichert from Morgan Stanley as Head of Structuring and Portfolio Optimisation in the energy marketing business, according to a report by eFinancial Careers.
A new survey from BNP Paribas has revealed that hedge funds and other money managers are increasingly turning to ChatGPT to help with their marketing efforts and to summarise large reports, according to a report by the Financial review. The
Citadel Securities, the market-making firm owned by Ken Griffin, founder of multi-strategy hedge fund major Citadel, has appointed Tony Tang, the former head of BlackRock’s China business, to head up its operations in China, according to a report by Reuters.
Toh Ne Win has become the latest Morgan Stanley Managing Director to make a switch to the buy-side, leaving the bank after more than two decades to join hedge fund Millennium Management as Head of Risk Technology, according to a
