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The US Securities and Exchange Commission has adopted a new rule aimed at tightening oversight of the US Treasuries market that means some hedge funds and high-frequency proprietary trading firms are facing increased compliance costs and scrutiny, according to a report by Bloomberg.
Digital asset investment products saw large inflows totalling $708m last week, bringing year-to-date inflows to $1.6bn and total global AUM to $53bn, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Top Chinese macro hedge fund Shanghai Banxia Investment Management Center dramatically cut its stock positions last month as the country’s market rout deepened, incurring losses in the process after betting on a rapid economic recovery, according to a report by Bloomberg.
EEX Group has reported a dynamic start to 2024, with the total monthly trading volume on its global power markets totalling 938.4 TWh, a 45% increase year-on-year and a 21% growth compared to December 2023 (775.4 TWh).
Multi-strategy major Citadel’s flagship Wellington fund recorded a 1.9% gain in January on the back of increased market volatility and amid uncertainty over the timing of interest rate cuts by the US Federal Reserve, according to a report by CNBC.
Sebastian Stewart, a former Partner at Somerset Capital, has joined Pacific Asset Management as a Partner and Head of US Institutional Business Development. Based in the £4.5bn independent asset manager’s London office, he will report to Global Head of Institutional Sales, Mary Murphy.
Sam Finkelstein, a former Chief Investment Officer of Fixed Income and Liquidity Solutions at Goldman Sachs Asset Management, has joined Citadel as a Senior Portfolio Manager to lead a new development program for its fixed income and macro business, according to a report by Reuters.
Russell Investments, Mercer, and Redington are to headline the final panel at Hedgeweek’s 2024 European Leadership Summit, giving investors the last word of a highly anticipated event packed with the hedge fund industry’s leading investment managers.   Â
The Hedgeweek US Digital Assets Summit 2024 speaker line up continues to grow, with Coinbase Asset Management COO Jasmine Burgess and Grayscale Investments MD Zach Pandl among the latest industry thought leaders added to the roster.  Â
Global hedge funds were positioned to profit from last week’s plunge in US regional banking stocks, according to a report by Reuters citing a JPMorgan prime brokerage note to clients.Â
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