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Digital asset investment products saw a third consecutive week of outflows last week, marking the largest weekly outflows on record at a total of $2.9bn, and bringing the three-week total to $3.8bn, according to a the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Singapore-based digital assets platform Coinhako is to join Fusion Digital Assets, TP ICAP’s FCA registered UK-based wholesale spot cryptoasset exchange as a trading counterparty providing and consuming liquidity on the exchange.
Malcolm Pratt, Head of Hedge Fund sales Trading in Europe at Bank of America has resigned to take up a new role at Clear Street, a fast-growing independent prime broker which launched operations in the UK in December, according to a report by eFinancial Careers.
Cisu Capital, the London-based hedge fund founded by former Elliott Management portfolio manager Mark Wills, has successfully launched a commingled fund with a commitment from a large endowment, according to a report by Business Insider.
Dubai is stepping up its bid to attract hedge fund startups by launching a dedicated workspace at the Dubai International Finance Centre for smaller firms looking to establish a foothold in the region, according to a report by Bloomberg.
Fast-casual chain Portillo’s is facing a proxy fight as Engaged Capital, an activist hedge fund with an 8.6% stake in the business, pushes for significant operational and strategic changes, according to a report by QSR.
EXCLUSIVE | BNP Paribas’ THEAM Quant fund range (a collaboration between BNP Paribas Global Markets and BNP Paribas Asset Management) has launched a dedicated nuclear energy UCITS fund, in an area that the firm sees as a multi-decade investment opportunity driven by growing global electricity demand and energy security concerns.
The talent flow between private equity and hedge funds continues, with Apollo’s Asia-Pacific Chief Operating Officer, Mark Berg, making the switch to Millennium Management as its new Asia-Pacific Chief Financial Officer in Singapore, according to a report by eFinancial Careers.
Verition Fund Management, a global multi-strategy hedge fund firm with $12bn in assets under management, has launched its inaugural internship programme in collaboration with the Dubai International Financial Centre.
Hedge fund giant Citadel has appointed John Fawcett as its new Head of Equities Engineering, marking another senior hire as the firm continues to expand its equities technology capabilities, according to a report by eFinancial Careers.
