Digital asset products saw all-time high weekly inflows of $4.39bn last week, bringing YTD inflows to US$27bn, pushing AuM to a record $220bn, according to a the latest Digital Assets Fund Flows Weekly report from CoinShares.
Multi-strategy major Millennium Management has allocated $4.2bn to two independent hedge fund managers, reinforcing its strategy of seeding top-tier external talent amid surging assets under management, according to a report by Bloomberg.
Despite bitcoin recently surging past $122,000, Charles Edwards, founder and CEO of digital assets hedge fund Capriole Investment, believes the digital asset’s rally is only in its early innings, according to a report by NewsBTC.
Japan has become a bright spot in Asia’s $400bn hedge fund sector, attracting new fund launches as other regions experience closures amid a resurgence in the country’s capital markets and despite August’s wild volatility, according to a report by Reuters.
