Managers
The digital asset markets crash has claimed another victim with Protocol Ventures LP, a US-based investor in crypto hedge funds, announcing its intention to close down and return cash to investors, according to a report by the Malaysian Reserve.
The report cites unnamed sources as revealing that notices were sent to investors at the end of October about the decision, with the closure expected to be completed by the end of the year or in the first quarter of 2023.
Investors in Protocol’s fund of crypto hedge funds have reportedly lost as much as 90% over the past year with
Crispin Odey has closed three funds, including his flagship European fund, to new investors having chalked up record gains so far this year, according to a report by Bloomberg. Odey wants to keep assets at a manageable level after the main European fund gained 193% on the back of turmoil in the UK gilt market.
David Hu and Aaron Mayer, founders and GPs of Open Heart Capital, a market-neutral, fully-automated, quantitative cryptocurrency hedge fund, have committed to donate a “large percentage” of the fund’s performance fee to “highly effective” charities.
Mayer and Hu, who met through the effective altruism community, a group of people who use evidence and data science to determine how to maximally benefit society through philanthropy have decided that much of the fund’s profits will be directed towards promoting global health via the Against Malaria Foundation, where a $2.50 donation can manufacture and distribute an insecticide-coated mosquito net that can prevent someone
Hedge funds will continue to sell gold rallies and maintain an overall bearish outlook on the precious metal until the US Federal Reserve provides more clarity on the pace of its tightening cycle, according to a report by KitCo.
GLG Partners has become the first hedge fund to reveal a wager against S4 Capital, the online advertising business set up by Sir Martin Sorrell in 2018 following his acrimonious split from WPP, according to a report by the Telegraph.
GLG, a division of Man Group, has revealed a £5 million short bet against the company, equating to around 0.5 per cent of the company’s shares which have halved in value over the past year and are down over 38 per cent so far in 2022.
S4 Capital has grown rapidly through a series of acquisition since launch reaching a
Andrew Silverman is to head up a new credit unit in Schonfeld Strategic Advisors’ new macro trading business, which launched earlier this year, according to a report by Business Insider.
Elliot Management has increased its stake in Swedish Match to over 10 per cent putting the activist hedge fund in a position to potentially block Philip Morris International’s bid to acquire the smokeless tobacco firm, according to a report by Bloomberg.
Hedge fund bets against Asos have hit an all time high with prominent funds on both sides of the Atlantic including Citadel and Marshall Wace shorting the fast-fashion retailer’s stock, according to a report by the Telegraph.
News of Sports Direct billionaire Mike Ashley acquiring a 5% stake in the company via Frasers Group broke last weekend and prompted an increase in short bets among a clutch of funds. The report cites regulatory filings as revealing that some 8.4% of Asos stock is now on loan to short sellers.
In total four hedge funds increased their short stakes last week,
Fortress Investment Group (Fortress) has been ranked as the second fastest-growing brand among 50 alternative investment managers included in the second edition of the Alts 50 report, published by Peregrine Communications.
The report provides a qualitative and quantitative assessment of the integrated marketing and communications activities of the world’s 50 largest alternative investment managers (measured by assets under management).
Fortress received the study’s second-highest score for Brand Momentum, which assesses how well firms have grown Brand Awareness over time. According to the report, “Of all the metrics used in [the] study, Brand Momentum is most closely aligned with ‘moving the
Kedge Capital, the company which makes private equity and hedge fund investments on behalf of Ernesto Bertarelli, one of Switzerland’s richest men, and his family, is looking to attract other ultra-wealthy investors, according to a report by Bloomberg.
