Digital asset investment funds saw minor inflows last week totalling $30m, as recent macroeconomic data implied the US Federal Reserve is less likely to cut interest rates by 50 basis points in September, according to CoinShares.
The firm's latest Digital Asset Fund Flows Weekly Report reveals that ether saw only $4.2m, inflows last week, although this masked a flurry of activity between providers.
Solana meanwhile saw outflows of $439m, the largest on record, as it faced a sharp decline in trading volumes of memecoins, on which it heavily relies.
Blackstone multi-strategy fund reaches $276.9m in assets following new unit sales
Blackstone Multi-Strategy Hedge Fund has raised approximately $106.5m through the sale of unregistered limited partnership units, bringing…
More
CalPERS considers hedge fund return 12 years after high-profile exit
The California Public Employees’ Retirement System (CalPERS) is exploring a potential return to hedge fund investing through separately…
More
Hedge fund hiring slows as multistrategy firms expand external allocations
Hiring growth at major multistrategy hedge funds has slowed as firms increasingly allocate capital to external portfolio managers through…
More
