Latest News
ActusRay Partners, a Hong Kong-based hedge fund firm backed by the city’s investment major Sun Hung Kai & Co, has more than doubled its assets to over $700m since the start of 2023, despite a challenging environment that has seen many of its peers struggle, according to a report by Reuters.
Hedge funds upped their purchases of technology stocks at the fastest pace seen in more than a year last week, driven by an increase in both long positions and short covering, according to a report by Bloomberg.
Digital asset investment products saw outflows for the third consecutive week last week totalling $435m, marking the largest outflows since March this year, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Weiss Multi-Strategy Advisers, the New York-based hedge fund firm founded by George Weiss in 1978, has filed for bankruptcy about two months after telling clients it was winding down operations, according to a report by Bloomberg.
More than nine in ten (92%) alternative fund managers, including private equity and hedge funds, are already using AI as part of risk and compliance procedures, according to new research from regulation and compliance specialist Ocorian.
New York-based diversified financial services firm Clear Street has launched futures clearing and execution services on US exchanges for global clients, including hedge funds, professional trading groups and family offices.
New multi-strategy hedge fund launches took a big tumble in the first three months of the year, accounting for less than 10% of all new funds and down from about 25% in the last quarter of 2023, according to a report by Reuters.
Automated global electronic broker Interactive Brokers has added Hong Kong spot bitcoin and ether exchange traded products (ETPs), which are available to trade on the Hong Kong Stock Exchange, to its product line-up.
A relatively quiet week in the Middle East and weak US economic data combined to restrain oil prices last week, prompting hedge funds to reduce their bets on both Brent and West Texas Intermediate crude, according to a report by Bloomberg.
Nir Bar Dea, CEO of Bridgewater Associates, and Hugh Evans, his counterpart at poverty relief-focused non-profit Global Citizen, will host an Africa Economic Summit to support fundraising efforts by the World Bank, according to a report by Fortune.
