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Martin Shkreli, the co-founder of hedge funds Elea Capital, MSMB Capital Management and MSMB Healthcare who was convicted of securities fraud, has claimed that he and the youngest son of former President Donald Trump are behind the creation of the DJT crypto token, according to a report by MarketWatch.Â
Fixed income arbitrage and global macro strategies were May’s top performers with weighted average returns of 2.7% and 2.6% respectively, according to the latest monthly report on hedge funds from Citco, the $1.8tn global alternative investment asset servicer.Â
Hedge funds are positioning themselves in anticipation of the US Securities and Exchange Commission approving spot ethereum exchange-traded funds, according to a report by CryptoSlate.Â
Global fund, financial and corporate services provider Apex Group has appointed Katie Baxter as Head of Private Clients and Family Office. Â
Crypto hedge funds have dramatically reduced their bitcoin exposure to levels not seen since October 2020, according to a report by The Block citing recent data from ETC Group.Â
TOP STORY: Earlier this year, Bayview Asset Management structured two re-securitisation trades worth $642m, the structures of which were modelled after similar pre-2008 financial crisis transactions by a major US bank, according to a report by Reuters.Â
Hazeltree, a provider of active treasury and intelligent operations technology for the alternative asset industry, has appointed Paul Yates as senior pre-sales director based in London, according to a report by Securities Finance Times.Â
21Shares US, an affiliate of 21Shares, a global issuer of crypto exchange traded funds, has appointed Federico Brokate as Vice President, Head of US Business. In his new role, Brokate will support 21Shares’s expansion into the US market.Â
The ‘Long Magnificent Seven’ trade, a strategy focused on mega-cap US technology companies, is the most crowded trade for the 15th consecutive month, according to report by MarketWatch citing Bank of America’s Global Fund Manager Survey.Â
Sona Asset Management, a London-based alternative asset manager investing across credit, has successfully raised $800m for its second capital solutions fund, targeting businesses struggling to secure financing amid a retreat by traditional banks, according to a report by Bloomberg.Â
