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Digital asset investment products saw inflows totalling US$293m last week, bringing this 7-week run of inflows past the US$1bn mark, according to the latest CoinShares digital fund flows report.Â
TOP STORY: Nine Blocks Capital Management, a crypto hedge fund, has obtained a license from Dubai’s Virtual Assets Regulatory Authority (VARA), making it the first fund to do so. The hedge fund has made public plans that it will be relocating its global headquarters to Dubai.
TT International, the hedge fund founded by Tim Tacchi in 1988 and acquired by SMBC in 2020 has continued to expand despite poor performance, according to a report by eFinancial Careers.Â
DWS has appointment  Dan Robinson as EMEA head of alternative credit to accelerate its private credit footprint. This appointment comes as DWS delivers on an initiative to grow its €114b Alternatives franchise. DWS’s Alternatives business has a 50-year plus track record including particular strength in real estate, infrastructure and liquid real assets.
JTC, a global professional services business will be acquiring Blackheath Capital Management LLP, a boutique asset management business based in the UK.
According to a report by Bloomberg, US-investment-grade corporate bond spreads have breached a level not seen since 2022, with investors betting that the Federal Reserve has reached the end of its rate hiking cycle.
The report noted that high-grade spreads fell three basis points Wednesday to 110 basis points, according to Bloomberg index data. Spreads on speculative-grade bonds dropped six basis points to 380 basis points — the lowest since September — while the average price on leveraged loans has reached 95.2 cents on the dollar.
While many analysts expected spreads to end the year tighter from last year, and
George Soros, the billionaire to rose to wealth after betting against the Bank of England, is set to retire from his hedge fund career, according to a report by the JC.Â
Short sellers are betting against Metro Bank, ahead of a vote tomorrow by share holders on a £925m rescue plan, according to a report by Daily Mail.Â
Echo Street Capital , is set to return outside capital to fund investors due to anxieties about leadership transition, according to a report by Bloomberg.Â
Luxor Capital Group, a New York-based credit hedge fund that makes equity and fixed income investments globally, is in advanced talks to acquire Volta Trucks, an electric vehicle start-up that filed for bankruptcy last month, according to a report by Sky News.
As one of the largest investors in the stricken Sweden-headquartered business, Luxor Capital is in negotiations with administrators over a deal to takeover Volta, which until it ran into financial difficulties was conducting customer trials in both the UK and Europe of its all-electric vehicle, the Volta Zero. The Zero is an emission-free truck, which has a range
