Latest News
Digital asset investment products saw positive flows last week for the first time in six weeks, pulling in a combined $21m, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Link Fund Solutions has completed the rebranding of three Odey AM and Brook AM funds with LF Odey Opus becoming LF Lancaster Global Equity, LF Brook Continental European renamed as LF Ardtur Continental European, and LF Brook Absolute Return as Lancaster Absolute Return, according to a report by InvestmentWeek
big xyt, an independent provider of smart data and analytics solutions to the global trading and investment community, has launched its “first-to-market” real-time data analytics service for a dataset of European trades and European Best Bid and Offer benchmark prices.
Commodity trend advisers, that is hedge funds that use computer algorithms to trade equities inline with movements in stock prices, will soon begin offloading shares worth between $20bn and $30bn, according to a report by Reuters.
Multi-strategy major Millennium Management is in advanced talks over a partnership with smaller rival Schonfeld Strategic Advisors. The partnership would see Izzy Englander’s firm put billions of dollars to work with Steven Schonfeld’s computer-driven fund, according to a report by The Financial Times.
Hedge funds setting up operations in Abu Dhabi have contributed to a 12% uplift on an annual basis in the GDP of the emirate’s private, non-oil economy to expand to a quarterly record of AED154bn ($41.9bn), according to a report by Bloomberg.
Funds of hedge funds had a positive first half of the year, with the average fund returning 2.87% to the end of June, amid a broad resurgence for the asset class, according to the latest Fund of Hedge Fund Update from alternative investment asset servicer Citco.
Lacklustre performance so far this year at Balyasny Asset Managament has prompted Jeff Runnfeldt to quit his role as Global Head of Equities at the multi-strategy major, according to a report by Bloomberg.
Clear Street, a New York-based independent prime broker, has appointed Steve Bisgay as its Chief Financial Officer, effective immediately. Bigsay will report to the firm’s Co-Founder and Chief Executive Officer Chris Pinto.
Hedge funds are considering a number of Latin American countries as alternatives to investing in China on the back of ongoing geopolitical tensions and a slowing performance in the world’s second largest economy, according to a report by Reuters.
