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New York-based hedge fund firm Fir Tree Partners is looking to capitalise on the turmoil seen in the digital assets market over the past year or so by launching a hedge fund that will make investments in distressed crypto assets, according to a report by CoinDesk.
The report cites an email seen by CoinDesk as confirming that The Fir Tree Digital Asset Opportunities Fund will launch on 1 August.
Fir Tree, which has previously dabbled in crypto through an attempt to short Tether’s USDT stable coin, believes it can leverage its experience in credit, capital structure arbitrage, distressed, special situation
The Donerail Group, a value-oriented, activist hedge fund firm that targets special situations and event driven investments, wants the board of Stratasys to engage with 3D Systems on its improved takeover offer for the company and drop its support for a rival deal with Desktop Metal.
A focus on generating consistent returns coupled with a strong risk management framework is critical for emerging managers to stand out in the market. Addressing risk exposures through appropriate insurance policies is vital amid the evolving regulatory environment, says David Turner (pictured), Vice President, Alliant Financial Institutions.
Some of the world’s biggest macro traders slumped in the first six months of the year, with Andrew Law’s Caxton Macro hedge fund and Jeff Tallinn’s Element Capital Management among the big name managers seeing first half losses, according to a report by Bloomberg.
Millennium has added another Goldman Sachs commodities trader to its team, with Katie Edin, a Vice President in the bank’s natural gas trading division in New York, joining the multi-strategy hedge fund major, according to a report by eFinancial Careers.
Edin’s arrival at Millennium follows the appointment of Goldman’s oil trading ‘superstar’ Anthony Dewell, who made the switch in October last year.
Edin, who takes up the role of Portfolio Manager at Millennium with a focus on North American power and gas, spent over eight years at Goldman Sachs, serving as Vice President Natural Gas Derivatives Trading for the last
The UK’s financial watchdog the Financial Conduct Authority has fined broker Bastion Capital London £2.45m for facilitating over £70bn in so-called ‘cum-ex’ trades of Belgian and Danish stocks on behalf of clients of hedge fund Solo Group.
Argentina’s looming presidential election, which could herald a change in regime, has prompted Vista Capital, the manager of one of Brazil’s best-performing hedge funds, to build a position in the country through ADRs, according to a report by Reuters.
Clear Street, a New York-based independent prime broker, is to expand into the futures clearing market with the acquisition of React Consulting Services (React) and its proprietary, cloud-native futures clearing platform, BASIS.
LTX, a subsidiary of fintech Broadridge Financial Solutions, has completed the next phase of a multi-year partnership with Aladdin, BlackRock’s institutional investment management and operations platform, to enhance corporate bond trading workflows.
The integration, which incorporates LTX’s Liquidity Cloud and actionable pre-trade Cloud Match Scores directly in the Aladdin platform, enables Aladdin technology users to leverage data-driven capabilities to improve liquidity discovery and trading efficiency.
The Liquidity Cloud is LTX’s network of anonymous real-time buy- and sell-side indications of interest. Proprietary analysis in the Liquidity Cloud identifies Cloud Matches, real-time indications of natural contra interest in the Liquidity Cloud, the
Re-globalisation, digitalisation and ESG are currently offering attractive opportunities for outsized returns. By leveraging financial technologies, financial innovations and regulated capital markets in the US, Hi2 Global provides investors with access to these investments. Jerry Wang (pictured), founder and CEO of Hi2 Global, provides further details.
