Funds
Crypto hedge fund LedgerPrime is planning to return all capital to outside investors while it makes the transition to a family office, pending regulatory approval, according to a report by Seeking Alpha.
The report cites an investor letter as revealing details of the plan which will see LedgerPrime, whose parent company Ledger Holdings was acquired by crypto exchange FTX last year, continue to operate independently.
Following the transition, LedgerPrime, which reportedly has between $330 million and $400 million in assets, will only make investments on behalf of trading firm Alameda Research, which was started by FTX founder and CEO Sam
Forester Capital, an alternative investment platform, is to make a strategic investment into the flagship fund of Chepstow Lane Capital LLP, a European-focused, opportunistic credit manager. The fund is managed by Agata Dornan, who was most recently a portfolio manager at Soros Fund Management.
Dornan will employ a fundamental approach to investing in performing, stressed, and special situations across corporate and financial credit.
Dornan has over 20 years of experience investing in credit, both as an analyst and portfolio manager. Her deep experience investing across European credit allows her to identify and take advantage of mispriced opportunities across a broad
SkyBridge Capital, has secured an investment worth 30 per cent of the business from FTV Ventures, a $2 billion venture capital firm based in Nassau, Bahamas, according to a report by Finance Magnates.
Singapore-based multi-family office Whampoa Group is planning niogn to raise $50 million for a new cryptocurrency hedge fund and also deploy $100 million via a venture capital fund focused on the same space, according to a report by Bloomberg.
Hedge funds have had their biggest trading week in a year, in terms of notional trading volume, placing aggressive equity bets, both long and short, according to a report by Bloomberg.
Unprecedented turmoil in the European energy markets has helped former Enron Corp trader Ulf Ek chalk up a 50 per cent return for his hedge fund so far this year, according to a report by The Star.
Nothlander Commodity Advisors’ $423 million strategy jumped by more than 11% in August alone as the fund benefitted from big swings in the prices of natural gas and power.
And the report cites an investor letter as revealing that Ek is optimistic the fund can continue its positive performance with the chief investment officer writing that he expects the fund’s “good fortunes over
Two filings with the SEC have revealed the structure of Brevan Howard’s new cryptocurrency hedge fund, which having raised more than $1 billion, is the world’s largest crypto hedge fund, according to a report by Crypto Times.
Ironshield Capital (Ironshield), a London-based European credit hedge fund manager, has launched the Ironshield High Yield Alpha Fund, a UCITS compliant Fund which will actively manage a diversified portfolio of long and short corporate credit positions.
Overall net exposure is hedged with the fund targeting absolute returns in any market conditions. The fund offers daily liquidity to investors.
Florian Chapel has joined the Ironshield investment team to manage the Fund alongside David Nazar. Chapel brings a strong track record in long/short corporate credit and credit derivatives. He previously managed market neutral portfolios at Pamplona Capital and Palm Lane Capital,
Hedge funds are continuing to up their bearish bets on higher US bond yields and signs are emerging that the size and pace of this collective wager is reaching extreme levels according to a report by Reuters.
The report says the latest Commodity Futures Trading Commission report – the first snapshot of investor positioning since Fed chair Jerome Powell’s Jackson Hole commitment to get inflation back on target – shows funds increased bearish bets on Treasuries across the curve.
Net short position in two-year futures are up to 281,600 contracts from 241,143 contracts, the biggest bearish bet on two-year bonds
Haidar Capital’s Haidar Jupiter Fund saw a gain of 29.6% in the four weeks to 26 August, taking returns so far this year to over 225%, according to a report by Bloomberg.
The report says that Haidar is among a group of macro trading firms which specialise in predicting economic trends and betting across asset classes, that are currently cashing in on attempts by central banks to take soaring inflation rates.
According to a letter to investors, most of Haidar’s gains through July came from profitable fixed income and commodities bets.
The report cites an investor document as revealing that
