Latest News
Digital assets investment products saw outflows this week totalling $107m as the profit taking seen in recent weeks continued to gather pace, according to the latest Digital Asset Funds Flows Weekly report from CoinShares.
The rollercoaster ride at Haidar Capital Management continued in July with the firm’s flagship macro hedge fund, the Haidar Jupiter Fund, raking up a loss of 14% over the month, partly reversing its 27% surge in June, according to a report by Bloomberg.
Hedge funds have lost more than $6bn this year betting against cruise lines, including Royal Caribbean and Carnival – two of the 10 most heavily shorted companies in the S&P 500 – and hotels, after underestimating the resilience of the US travel sector, according to a report by The Financial Times.
Large institutional investors, including pension funds and insurance companies, are looking to up their allocations to credit and equity hedge fund strategies between now and the end of the year, according to a report by Reuters.
Poor performance and difficulties in accessing banking services has seen aground 13% of crypto hedge funds shut up shop so far this year, according to a report by Bloomberg citing data from Swiss investment adviser 21e6 Capital.
The Tel Aviv Stock Exchange (TASE) has signed a strategic agreement with Fireblocks which will see the exchange offer a range of secure institutional-grade digital asset products and services for regulated entities.
July proved to be a good month for stocks and oil, giving US hedge fund managers plenty to celebrate way beyond Independence Day as they wasted no time in taking advantage of opportunities created by the continued rally in both share prices and price increases across the energy complex.
Tiger Global, the hedge fund firm founded by Chase Coleman in 2001, has built a big stake in private equity group Apollo Global as the firm pivots from the technology investments that have traditionally been its stock-in-trade, according to a report by The Financial Times.
A total of $600m has now been withdrawn from Odey Asset Management’s funds in the wake of multiple allegations of sexual assault and misconduct levelled against the firm’s founder Crispin Odey, according to a report by MorningStar.
Millennium Management, the New York-based, multi-strategy hedge fund major founded by Izzy Englander, has bolstered its legal team with the appointment of Linklaters partner Pansy Wong as International General Counsel in the firm’s London office, according to a report by Financial News.
The report cites an unnamed source with knowledge of the matter as revealing that in her new role, Wong will oversee Millennium’s legal matters in Europe and Asia, reporting to the firm’s global general counsel, Gil Raviv.
Wong spent over three years at Linklaters as a partner focused on fixed income trading, derivatives, equities, and legal compliance. Prior
