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Arini Capital, the credit hedge fund firm launched by former Credit Suisse trader Hamza Lemssouguer in 2022, has reported strong performance rebound for its flagship fund which posted a 7% gain in July after a disappointing first half of the year, according to a report by Bloomberg.
Zodia Custody, an institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has partnered with quantitative digital asset technology firm with Algoz in a bid to deliver a safer model for digital asset investing.
The 16Rock Municipal Opportunities Fund, which is managed by former BlackRock trader James Pruskowski, has delivered a 20% return over the past year, outpacing the muni bond market by 16 percentage points and a broad hedge fund index by 11, according to a report by Bloomberg.
Hedge funds, pension funds and retail traders have been hit with billions in losses after a popular wager that stock markets would remain calm backfired when the CBOE VIX index saw its largest ever intra-day jump on Monday, according to a report by Reuters.
Hedge funds gained in July as recession fears mounted and volatility spiked into month-end, preceding an historic equity market drop to begin August, sparked partly by a steep decline in large cap tech equities, according to HFR.
Arkaim Advisors, a specialist in emerging market corporate debt investments, is to launch a new hedge fund, which will focus on global distressed and credit opportunities – with an particular emphasis on emerging markets.
Verition Fund Management, the multi-strategy, multi-manager hedge fund firm co-founded by Nick Maounis, has appointed Priyanka Chatterjee as Portfolio Manager focused on global macro trading, according to a report by eFinancial Careers.
TS Imagine, a global, cross-asset provider of trading, portfolio and risk management for financial institutions, has upgraded its RiskSmart X CCP Margin Calculator to allow users to assess how much margin they require from exchange counterparts as well as buy-side clients.
Multi-strategy hedge fund major Millennium Management has appointed Matthias Traut, the former Head of European Research for Global Fixed Income and Macro at rival Citadel as Portfolio Manager, according to a report by eFinancial Careers.
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