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Andon Hong Kong Ltd, the investment arm of Chinese medical device maker Andon Health Co, is expanding its global alternatives footprint with the opening of a New York office, marking a significant move into hedge fund and private market investing, according to a report by Bloomberg.
A group of former crypto hedge fund executives are aiming to raise $100 to build the first publicly traded company with the BNB token as its core treasury asset — a novel twist on the bitcoin balance sheet strategy pioneered by MicroStrategy, according to a report by Bloomberg.
Arini Capital Management, the hedge fund firm run by Hamza Lemssouguer, has secured a $200m anchor commitment from British Columbia Investment Management Corp for its new Europe-focused private credit fund, launched in partnership with Lazard Inc, according to a report by Bloomberg.
The FTX estate is pushing back hard against a $1.5bn claim filed by collapsed crypto hedge fund Three Arrows Capital (3AC), calling it a “fantasy” built on misrepresented account balances and reckless leverage, according to a report by DLNews.
Man Group, the world’s largest publicly traded hedge fund firm, is planning to makes its debut in the exchange-traded fund (ETF) space with the launch of two actively managed fixed-income products, according to a report by ETF.com.
Global financial services executive recruitment firm Options Group has bolstered its London and Hong Kong teams with the hires of Louis Couronne and Macaire Chue as vice presidents, underscoring growing demand for electronic trading and hedge fund talent, according to Hunt Scanlon.
Hedge funds ramped up their use of leverage to a five-year high last week, aggressively rotating into financial stocks amid steady US interest rates and rising geopolitical tensions, according to a report by Reuters citing a note from Goldman Sachs’ prime brokerage unit.
Jefferies Financial Group’s hedge fund arm, 352 Capital, has escalated its legal pursuit to recover over $100m tied to an alleged Ponzi scheme involving filtered water vending machines and is now targeting a regional Washington bank it claims helped enable the fraud, according to a report by Bloomberg.
Hedge funds and currency traders are increasingly favouring the euro over the dollar in the options market, as geopolitical uncertainty and volatile US policy drive a reassessment of the greenback’s dominance, according to a report by Bloomberg citing data from the Depository Trust & Clearing Corporation (DTCC).
Hedge funds and macro traders are reassessing their bearish bets on the US dollar amid escalating Middle East tensions, following US strikes on Iran that rattled global markets but failed to trigger a full-blown risk-off exodus, according to a report by Bloomberg.
