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UK digital assets fintech Gold-i has developed an enhanced multi-asset liquidity aggregation and distribution platform, combining three of its key products into a single platform and incorporating a range of new features.
Hedge funds posted gains in August led by event driven and equity hedge strategies, with the HFRX Event Driven Index gaining +1.10%, and the HFRX Global Hedge Fund Index gaining +0.33% for the month, according to the latest data from HFR.
Hedge funds using computer algorithms to trade market trends are set to benefit from recent falls in US government bonds and the value of the yen to trade market trends, having ended August with bearish positions in both assets, according to a report by Reuters.
Fahad Ghaffar, a longtime business partner of John Paulson in Puerto Rico, has sued the hedge fund veteran alleging Paulson made fraudulent claims to convince him to invest $17m in a luxury car dealership on the island, according to a report by Bloomberg.
Peter Hornick, Head of Business development at $33m global macro hedge fund manager Brevan Howard, and the man responsible for luring top talent to the firm, is leaving the business as part of a corporate rejig, according to a report by Business Insider.
Eren Ozgur, the Head of Global Rates Strategies at Deutsche Bank has quit to take up a portfolio management role at Alphadyne Asset Management, a New York-based hedge fund founded by ex-Goldman Sachs partner Philippe Khuong-Huu and run by CEO and 28-year JPMorgan veteran, Joseph Regan.
Centerprise Services, a provider of advanced trading and order management systems for hedge funds and asset managers, has integrated and certified its TOMI order management solution with Broadridge Financial Solutions’ NYFIX order routing network.
Allen & Overy (A&O) has appointed Elaine Hughes, an adviser to hedge funds, private equity funds, venture funds, credit funds, and funds of funds, as a partner in the firm’s funds and asset management practice based in the New York office.Â
Former Millennium Management executive Bobby Jain is continuing preparations for what is expected to be one of the biggest hedge fund debuts in history by making a number of key appointments and securing office space around the world, according to a report by Bloomberg.
The US Federal Reserve’s apparent ‘higher-for-longer’ thinking on interest rates, coupled with rising Treasury yields, means that the current rally in the US dollar has further to go, making the greenback “too risky to short”, according to a report by Bloomberg.
