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Steve McDonald, a director in Bank of Nova Scotia’s treasury group, is leaving the Toronto-based bank to take up a new role as a director in the portfolio risk group at multi-strategy hedge fund Polar Asset Management Partners, according to a report by Bloomberg.
FXCM Pro, the institutional arm of FXCM, a provider of online foreign exchange trading, CFD trading and related services, has formed a liquidity bridging partnership with Tools for Brokers (TFB), a technology provider for hedge funds proprietary traders and retail brokers.
Reuben Abrams, a former portfolio manager at Singapore sovereign wealth fund GIC, is planning to launch a London-based long-short equities hedge fund by the end of 2023, according to a report by Reuters.
A fall in US inventories of crude oil prompted hedge funds and other money managers to purchase the equivalent of 19 million barrels in the NYMEX and ICE US crude (WTI) futures and options contracts over the seven days ending 29 August, according to a report by Reuters.
The London Stock Exchange Group (LSEG) is looking into building a blockchain-based digital markets ecosystem to enable the trading of traditional financial assets, according to a report by the Financial Times.
Northern Trust has appointed Aisling Keane, the former Head of Hedge Fund Services for APAC at BNP Paribas Securities Services, as its new head of Asset Servicing in Hong Kong, effective 4 September 2023.
GenTwo, a Swiss-based B2B Fintech platform specialised in securitisation of bankable and non-bankable assets, has raised $15m in a Series A led by US-based Point72 Ventures, the VC associate of Steve Cohen’s hedge fund firm Point72 Asset Management.
Digital asset investment product flows slowed last week with relatively minor outflows totalling $11.2m taking total outflows over the past seven weeks to $342m, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
Managers up short bets as US stock market stalls
Exposure to Magnificent Seven hits record level
Bei blames foreign funds for China’s stock market rout
By Mark Kitchen
Head of Intelligence, Hedgeweek
August has a reputation as being something of a tough month for equities markets when lower trading volumes as traders and investors go on holiday, coupled with profit taking ahead of the traditional dog days of September, combine to constrain gains, and this year was no exception as both the S&P 500 and Nasdaq-100 Indices posted their first monthly declines since February.
Long-short hedge fund managers were seemingly
Macfarlanes has appointed Peter Chapman as a partner in the firm’s investment management group. Chapman, who joins from Sidley Austin, advises private fund sponsors across a range of asset classes including private credit, private equity, growth capital, venture capital and hedge funds.Â
