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Ken Griffin is gearing up to break ground on the construction of a new $1bn-plus, 54-storey skyscraper in Miami next year, which will serve as the new headquarters for both his multi-strategy hedge fund firm Citadel and market-making business Citadel Securities.
Hilbert Group AB, through its asset management division, Hilbert Capital, has formed a strategic partnership with Xapo Bank, a prominent global financial institution, to launch a new $200m bitcoin-denominated hedge fund.
Hedge funds and other institutional investors sold off the equivalent of 48 million barrels in the six most significant oil futures and options contracts during the week ending 20 August, bringing to an abrupt end the brief rally of the previous week, according to a report by Reuters.
Digital assets trading firm QCP has launched a tri-party solution aiming to provide enhanced protection for its clients’ assets, which is supported by digital assets infrastructure platform Fireblocks.Â
Northern Trust Hedge Fund Services has significantly expanded its platform to accommodate growing interest from hedge funds and other asset managers in energy and physical commodity investments and demand for tools to manage the complexities of trading in these markets.
Millennium Management, the $68bn hedge fund multi-strategy major, has closed two of its investment teams in Asia, leading to the departure of two portfolio managers, according to a report by Bloomberg citing an unnamed source familiar with the situation.
Managed Funds Association, a representative body for the global alternative asset management industry, has called for the swift implementation of a properly calibrated consolidated tape in the European Union in a comment letter to the European Securities and Markets Authority today.
London-based Capula Management, one of Europe’s largest hedge funds with over $30bn in assets, has made a substantial foray into the cryptocurrency market with a nearly $500m investment in bitcoin ETFs, according to a report by Tech Business News.
Bridgewater (China) Investment Management, the Chinese subsidiary of US hedge fund giant Bridgewater Associates, is set to appoint a new portfolio manager, according to a report by Caixin Global.
Magnetar Capital, the $17.5bn money manager known for alternative credit and hedge fund investing, has closed a new $235m venture capital fund – the Magnetar AI Ventures Fund – which will focus on investments in generative AI startups.
