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Mountain Point Credit Management LLC (Mountain Point), a systematic loan manager, has launched a US broadly syndicated loan investment platform with over $1.3bn in assets under management. The firm is led by Founder and CEO Kelly Byrne, who brings two decades of experience in the credit markets, and was previously senior portfolio manager and head of capital markets at Voya Investment Management.
BlackRock, Inc and AccessFintech, a data and workflow collaboration network for financial markets, have launched a strategic partnership. Through Aladdin®, BlackRock’s technology platform that unifies the investment management process, the firms will aim to deliver bilateral connectivity and real-time post-trade collaboration between the buy-side Aladdin platform community, and the over 250 capital markets and asset servicing institutions connected to AccessFintech’s Synergy Network.
Digital asset investment products saw $1.94bn in outflows last week, extending a month-long withdrawal cycle that has now reached $4.92bn — the third-largest four-week outflow streak since 2018, according to data from CoinShares.
New research by non-custodial stablecoin management platform Brava Finance shows that 84% of hedge funds who already invest in digital assets say they have a good or better understanding of stablecoins – a digital asset used for making payments or within investment strategies – with 16% saying their knowledge is excellent.
Hedge funds increased their US equity positioning for the third consecutive week, with net buying accelerating across several sectors, according to a report by InvestorsHub citing Goldman Sachs’ prime brokerage desk.
Ray Dalio, founder of Bridgewater Associates, has raised serious reservations about the viability of the “pod-shop” or multistrat hedge fund model over the long term, telling Bloomberg’s Odd Lots podcast that while it may work for investment management, it is “not a fine way for building a 50-year-old business.”
Hedge funds are sourcing more local talent in Florida than anywhere else in the US, and matching New York in front-office recruitment, according to a report from South Florida Business Journal, citing investment management executive search firm The Kronor Group.
Money managers focused on emerging markets are turning their attention to Latin America, as upcoming elections could align some countries closer to the United States, prompting a rally similar to the one seen in Argentina, according to a report by Bloomberg.
London-headquartered multi-strategy hedge fund Eisler Capital is shutting its New York office and laying off 79 staff by December 28, according to a report by Bloomberg citing a recent filing with the New York State Department of Labor.
Multi-strategy hedge fund firm Balyasny Asset Management has bolstered its New York team by hiring Bernard Yiu, a mortgage-backed securities portfolio manager formerly at Verition, according to a report by eFinancial Careers.
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