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GFO-X, a UK FCA-regulated, London-based trading venue for digital asset derivatives, has officially launched, executing its first institutional trade between market makers Virtu Financial and IMC.
Hedge funds saw modest gains in April, with the SS&C GlobeOp Hedge Fund Performance Index showing a 0.46% return for the month. The SS&C GlobeOp Capital Movement Index, a gauge of hedge fund flows, saw a notable increase of 0.86% in May
Avantyr Capital Partners, the hedge fund launched by former Viking Global Investors Chief Investment Officer Ning Jin, is expected to surpass $1bn in assets at launch, making it one of the largest hedge fund debuts of the year, according to a report by Bloomberg.
A group of hedge funds, including AQR Capital Management, DRW Commodities LLC, and Pala Investments Ltd, have withdrawn their compensation claims against the London Metal Exchange over its handling of the 2022 nickel crisis, according to a report by Bloomberg.
Global macro and digital assets hedge fund Brevan Howard has appointed former JPMorgan senior banker Carlos Hernandez as its first-ever Executive Chair, in a strategic move aimed at bolstering corporate strategy and client development, according to a report by Business Insider.
Global hedge funds experienced only modest gains from the significant rally in US stocks triggered by a US-China trade agreement on tariffs, according to a report by Reuters citing a client note from Morgan Stanley on Tuesday.
Ken Griffin’s Citadel is playing a key role in backing legislation in Florida that would permit non-compete clauses and garden leave periods lasting up to four years in the state, according to a report by Bloomberg.
Walleye Capital has eliminated its credit and commodities teams as the multi-strategy hedge fund sharpens its focus on core areas including volatility, quantitative strategies, and fundamental long-short equity, according to a report by Bloomberg.
Activist investor Elliott Management has gained key support from proxy advisory giant Institutional Shareholder Services (ISS) in its ongoing campaign to overhaul the board of oil refiner Phillips 66 ahead of the company’s upcoming shareholder meeting, according to a report by the Financial Times.
Digital asset investment products saw $882m in inflows last week, marking four consecutive weeks of gains and bringing YTD inflows to $6.7bn, according to a the latest Digital Assets Fund Flows Weekly Report from CoinShares.
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