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Unlimited, an investment firm using proprietary technology to provide lower-cost access to hedge fund and other alternative investment strategies, has appointed hedge fund veteran John K E Morris as Chief Commercial Officer.
Pantera Capital, a US hedge fund firm focused in investments in cryptocurrencies and digital assets, is looking to raise capital for a new fund that will acquire discounted solana tokens from the beleaguered FTX estate, according to a report by Bloomberg.
Derivatives marketplace CME Group saw average daily volume (ADV) hit 29.6m contracts in February, an increase of 5% on the figure reported for February 2023 and the second highest ADV on record for the month.
Balyasny Asset Management, the multi-strategy hedge fund firm co-founded by Dmitry Balyasny, Taylor O’Malley, and Scott Schroeder, has announced three Partner promotions – Portfolio Managers Wade Clark, Max Zaraisky and Steve Brown, according to a report by eFinancial Careers.
Hedge funds surged in February, with technology, AI and cryptocurrency exposures leading broad-based gains across all strategies and extending the industry’s four-month return to 8.75%, the strongest seen since the four-month period ending March 2021.
Hedge funds upped their acquisitions of global equities to the fastest pace seen in since March 2023 last month as sentiment towards stock markets across the world — including the US and Japan — turned more bullish, according to a report by Reuters.
Total monthly trading volume on the EEX Group global power markets exceeded 1,000 TWh for the first time in February 2024, with 1,067 TWh traded over the month, which represents a 66% increase year-on-year.
Andrew Westgate has left his role as Associate General Counsel, Carbon – Senior Analyst at Texas-based environmental credit hedge fund Clear Sky Advisers to join DLA Piper as a Partner in the law firm’s project & energy practice in New York.