Funds
Digital asset inflows totalled $176m last week, reaching a 10-week cumulative total of $1.76bn, the highest seen since October 2021’s futures-based ETF launch in the US, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Hedge fund Tiger Global Management’s biggest venture capital fund chalked up a paper loss of 18% at the end of September after the firm slashed valuations on multiple portfolio companies, according to a report by Bloomberg.
Samuel Tisch, a grandson of the late billionaire Larry Tisch, has ended a ten-year stint at family friend Izzy Englander’s Millennium Management, to set up his own hedge fund firm, according to a report by Bloomberg.
Hedge funds that pivoted from China to Japan in 2023 have struggled to make money, according to a report by Reuters. The report notes that even though Japan is the third largest economy, fund managers have struggled to make sense of the market.Â
Irradiant Partners, an alternative investment manager with over $10bn in assets under management, announced the closing of $411m in commitments on the third vintage of the Irradiant CLO equity strategy.
TOP STORY: Despite investors limiting their exposure to the Chinese market, computer based funds still see plenty of opportunity in China, according to a report by The Financial Times.Â
Hedge funds have limited their exposure to healthcare equities, while opting for small-cap stocks in the last week, according to a report by Reuters, that cites a BofA Securities note about its clients flow trends.
According to a report by Bloomberg, US-investment-grade corporate bond spreads have breached a level not seen since 2022, with investors betting that the Federal Reserve has reached the end of its rate hiking cycle.
The report noted that high-grade spreads fell three basis points Wednesday to 110 basis points, according to Bloomberg index data. Spreads on speculative-grade bonds dropped six basis points to 380 basis points — the lowest since September — while the average price on leveraged loans has reached 95.2 cents on the dollar.
While many analysts expected spreads to end the year tighter from last year, and
Zurich-based investment boutique Green Ash Partners is to close the Chanos Equity Long-Short fund, a UCITS fund it launched with famed short-seller Jim Chanos in October 2022, according to a report by CityWire.
German exchange Eurex has set its sites on attracting high volume interest rate trading clients such as hedge funds as it looks to build on the solid start made by its new European interest rate contract, according to a report by FOW.
