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Hedge funds significantly reduced their holdings of European stocks in June, reversing the buying trend from the previous month, according to a report by Bloomberg citing data from Goldman Sachs Group Inc’s prime brokerage division.
Nickel Digital Asset Management, a London-based investment manager offering digital asset strategy solutions for institutional investors, has allocated over $100m to quantitative systematic crypto traders through its diversified alpha fund.
Global capital markets technology platform provider Trading Technologies International is now offering its clients access to Abaxx Exchange, a global commodity futures exchange and clearinghouse based in Singapore.
Global hedge funds sold US shares of technology, media, and telecommunications companies in June at the fastest rate seen since 2016, with semiconductor stocks leading the trend, according to report by Reuters citing a Goldman Sachs note.
Hedge funds sold global equities in June at the fastest rate seen in two years, marking the third consecutive month of net selling, with the sell-off being primarily driven by short sales while long positions remained relatively stable, according to a report by Reuters.
Abu Dhabi’s successful push to attract top hedge funds has led to a shortage of office space on Al Maryah Island, home to the four towers of the Abu Dhabi Global Market, the emirate’s international financial centre and free zone, according to a report by Bloomberg.
Hedge fund majors Citadel and Millennium have posted solid gains in the first half of the year, continuing a strong performance trend for the multi-strategy firms that dominate the industry, according to a report by the Financial Times.
The insider trading case involving Segantii Capital Management, its founder Simon Sadler and former trader Daniel La Rocca has been adjourned by a Hong Kong court until 15 October, according to a report by Reuters.
Digital asset investment products saw a third consecutive week of outflows last week although at $30m, the total represented a significant reduction in recent outflows, according to the latest Digital Assets Fund Flows Report from CoinShares.
Schonfeld Strategic Advisors’ flagship hedge fund, Strategic Partners, posted a 10.3% gain in the first six months of the year on the back of positive performance across multiple strategies, according to a report by Reuters.
