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Jain Global, the multi-strategy hedge fund firm launched recently by former Millennium Management Co-Chief Investment Officer Bobby Jain, has hired another portfolio manager in its London office, this time from Caxton Associates, according to reports.
Alex Gerko, one of the UK’s largest taxpayers, has lost his legal battle challenging a British government decision that ordered him to pay income tax rates rather than corporation tax on earnings from trading foreign currencies at London hedge fund GSA Capital, according to a report by MarketWatch.
The recent positive investor sentiment towards digital assets funds continued last week with inflows of $1.35bn, bringing the last three-week run of inflows to $3.2bn, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Hedge funds offloaded their perviously winning stock positions at the fastest rate since the meme stock frenzy of January 2021 last week, as major technology companies saw significant declines, according to a report by Bloomberg.
The registration statement for BlackRock’s iShares Ethereum Trust ETF has been declared effective by the US Securities and Exchange Commission, with the fund now expected to begin trading on Nasdaq on 23 July 2024.
iSwiss Bank has established a new company in New York, which has been authorised by the Securities and Exchange Commission to offer hedge fund investment strategies and tailored financial solutions for institutional and private clients.
Total global hedge fund assets increased for the seventh consecutive quarter in Q2 2024, surpassing the previous record high of $4.3tn to reach $4.31tn with a quarterly increase of approximately $11bn, according to the latest data from HFR.
A severe market crash is coming which could see stocks lose half their value, according to Mark Spitznagel, Co-Founder and Chief Investment Officer of Universa Investments, a hedge fund specialising in tail-risk hedging, which seeks to prevent losses from so called “black swan” economic events.
Canadian Colin Heatherington, a former trader for Absolute Capital Management, has been sentenced to three-and-a-half years in federal prison for his involvement in a scheme to manipulate penny stock prices, aimed at inflating the hedge fund’s reported profits, according to CIO.com.
China’s $715bn hedge fund industry is facing significant upheaval as new stringent regulations come into effect next month, which are pushing some investment firms to seek fresh capital or even shutter their operations, according to a report by Reuters.
