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4OTC, a fintech provider of connectivity services for digital assets and FX, has partnered with Quod Financial, a provider of multi-asset advanced trading solutions, to deliver a “sophisticated” digital assets trading solution for institutional clients.
The partnership combines 4OTC’s API and exchange and OTC connectivity with Quod Financial’s O/EMS platform is aimed at enabling clients to “access liquidity from across the fragmented digital assets market and optimise their trading strategies”.
4OTC’s flagship product, 1API, aims to streamline connectivity across numerous digital asset exchanges and liquidity providers, while Quod Financial’s platform combines adaptable algorithmic trading, smart order routing, internalisation of flows,
Higher volatility creates strong investment opportunities for active managers. Turning these into alpha needs a consistent, diversified approach to allocation. Paul R Lucek (pictured), CEO & co-CIO, Ridgedale Advisors, explains…
Said Haidar’s flagship Jupiter hedge fund was back in the black last month after notching an estimated 27.3% gain, going at least some way to reversing some of the heavy losses seen in recent months, according to a report by Bloomberg.
Algonquin Power & Utilities is being urged to sell a majority of its renewable assets to reduce debt and improve earnings by activist hedge fund Starboard Value, which recently revealed it had a built a 7.5% holding in the business and is now the power company’s largest shareholder, according to a report by Reuters.
Algonquin, which has seen its debt pile rise to around $7.5bn following a series of acquisitions in recent years, said in May it would launch a review of its renewable energy group, following a push for changes by by Corvex Management and other activist firms.
Algonquin’s
Dymon Asia Capital, a Singapore-based, multi-strategy hedge fund firm that currently manages around $4bn in assets, has hired ex-Goldman Sachs Group managing director Jaewon Yu as it prepares to raise $1bn in fresh funds, according to a report by Bloomberg.
The report cites Deputy Chief Executive Officer and Managing Partner Kenneth Kan as revealing that Dymon is adding to its current operations in Singapore, Hong Kong and Tokyo, with the opening of a new office in Mumbai, although Yu will be Hong Kong-based. Dymon is planning to ramp up its fundraising efforts in the US, the UK and Japan from
Hedge funds are betting that the US Federal Reserve is nearing the end of its current programme of interest rate hikes and have swung to an overall bearish dollar position for the first time since March, according to a report by Bloomberg.
The report cites data from the CFTC as revealing that leveraged investors switched to a net short position on the US currency of 20,091 contracts in the week ending 7 July, having been long by a net 5,196 contracts in the previous week.
Bloomberg’s gauge of the dollar has dropped 1.6% this year on signs the Fed is
Chinese construction company Kaisa Group Holdings has seen its efforts to restructure its debt become more complicated after Singapore-based hedge fund Broad Peak Investment Advisers filed a winding-up petition against the company in a Hong Kong court, according to a report by Bloomberg.
The report cites a court filling made on Monday as revealing that Broad Peak took the court action over the alleged nonpayment of RMB170m ($24m) of offshore bonds.
Kaisa has responded by saying that it will “seek legal measures to resolutely oppose the petition” and that it plans to continue working with offshore creditors on a restructuring
Derivatives and securities exchange network Cboe Global Markets, has promoted Jill Griebenow to Executive Vice President, Chief Financial Officer and Treasurer, replacing Brian Schell who will be departing the company to pursue a new professional opportunity outside of the exchange industry.
Griebenow will assume the new role beginning 10 July, 2023, after working alongside Schell for the past 12 years.
With more than 20 years of experience, Griebenow has served as Chief Accounting Officer since 2018, a role she will also continue to hold. Prior to that, Griebenow was Chief Financial Officer of Cboe’s European operations, charged with managing the
Verition Fund Management has become the latest hedge fund to announce plans to open an office in Dubai, following a host of other managers who have expanded to the UAE’s financial hub, including BlueCrest, Millennium Management and ExodusPoint Capital Management, according to a report by Reuters.
New York-headquartered hedge fund Millennium Management is planning to expand its operation in India by launching a recruitment drive to fill more than 20 vacancies at its office in Bengaluru, according to a report by The Financial News.
The report cites an unnamed source with knowledge of the matter as revealing that Millennium, which manages around $59bn in assets, currently has 21 open roles in the city.
Vacancies include a Java engineer, a team lead for treasury technology, a compliance surveillance analyst and a quantitative developer, while the firm is also reportedly looking to recruit a quantitative researcher.
In June,
