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Digital asset investment products saw inflows totalling $2bn last week, bringing the current five-week run of inflows to $4.3bn, according to the latest digital assets fund flows weekly report from CoinShares.
Horizon Trading Solutions, a provider of electronic trading solutions and algorithmic technology for the global capital markets, is now certified on the Toronto Stock Exchange, after gaining certification on the Toronto Montreal Exchange in 2023.
Hedge funds have made a notable shift in their investment strategies, selling off semiconductor stocks and purchasing shares in software companies instead, according to a report from Bloomberg citing data from Goldman Sachs’s prime brokerage desk.
Gregoire Tournant, a former hedge fund manager at Allianz SE, has pleaded guilty to fraud charges related to billions of dollars in investor losses, two years after a unit of the investment firm agreed to pay $5.8bn in penalties for realted offences, according to a report by Bloomberg.
Hedge funds have significantly increased their bets against Eurozone government bonds to the highest level seen in over two years, amid expectations that persistent inflation will limit the ECB’s ability to make further interest rate cuts this year.
Singapore authorities are intensifying scrutiny of hedge funds and family offices, requiring more information while stepping up the closure of dormant firms after a series of scandals exposed weaknesses in the oversight of the city state’s financial sector, according to a report by Bloomberg.
Paul Singer’s activist hedge fund firm Elliott Investment Management has acquired an almost $2bn stake in Southwest Airlines and intends to advocate for changes at the airline, according to a report by the Wall Street Journal.
ETF provider ProShares has expanded its product lineup with the launch of two ether-linked ETFs – the ProShares Ultra Ether ETF which targets 2x daily ether returns, and the ProShares UltraShort Ether ETF which targets -2x daily ether returns.
Faegre Drinker has appointed Michelle Moran as a partner in the law firm’s investment management group in London. Her practice covers all aspects of fund management, including UCITS, hedge funds, private funds and credit funds.
Cloud data management solutions provider GoldenSource and AI data cloud company Snowflake have launched GoldenSource Omni, an app aimed at streamlining financial reference data integration for investment managers.
