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Odey Asset Management is winding down a second fund – the LF Odey Portfolio Fund, which was suspended earlier this month – because of mounting redemption requests from investors stemming from the multiple allegations of sexual assault made against founder Crispin Odey, according to a report by Bloomberg.
Tiger Global Management, the hedge fund firm founded by Chase Coleman, has rejected hundreds of bids for its private company stakes in recent months, because the offers received were deemed to be too low, according to a report by The Economic Times.
The report cites unnamed sources as revealing that with limited opportunities for initial public offerings, the firm wanted to sell hundreds of millions of dollars in stakes in mid- and late-stage startups to provide cash distributions to investors in some of its older funds.
Some assets though, were purchased when valuations were significantly higher, meaning that many of
The turmoil in the weeks following the emergency rescue of Credit Suisse by rival UBS Group proved to be a profitable time for GoldenTree Asset Management, with the hedge fund making a profit of around $100 million from a bet on Additional Tier 1 (AT1) bank bonds, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as revealing that the hedge fund, a specialist in credit trading, bought roughly $300 million of AT1 bonds issued by various banks at discount prices after $17 billion of Credit Suisse bonds were wiped as part of
External auditors have concluded SES Imagotag did not overstate revenue or buy and sell repeatedly on round trip transactions between its Chinese business partner, BOE, as claimed recently by short seller Gotham City Research, according to a report by Reuters.
The report says a certificate provided by auditors Deloitte and KPMG shows that transactions between the French smart digital labels specialist and BOE totalling some €53.1 million euros were neutralised and not part of its €620.9 million revenue as at 31 December, 2022.
SES Imagotag said in a statement: “This invalidates the central argument on which Gotham City’s report based
16Rock, an affiliate of New York-based SEC-registered investment advisor 16th Amendment Advisors, is launching a new actively managed, unconstrained, absolute return strategy, which will look to capitalise on opportunities in the “highly fragmented” US municipal bond market.
Under the leadership of chief investment officer James Pruskowski, previously global CIO for municipal bonds, institutional & wealth management at BlackRock, and portfolio manager and chief executive officer Jed McCarthy, the fund is launching on 1 July with internal seed capital of $4 million.
The strategy, which has an expected allocation up to 50% in taxable municipal bonds, and 25% in high yield
Cryptanium has launched Cryptanium Fund I, a new Cayman Islands regulated digital assets hedge fund with a strategy focused on “capital appreciation through deployment of trend-agnostic digital asset strategies seeking to capture yields and timed opportunities”.
Hedgeweek has announced the winners of the European Digital Assets Awards 2023, which reward excellence among fund managers and service providers in the digital assets space.
Malta’s appeal as a fund jurisdiction is intrincially based on its geographical, political and legal attributes. The island’s colonial history resulted in an ad hoc corporate legal framework that compounds civil and common law practices, enabling the structuring of various investment products that satisfy the needs of fund promoters and fund investors alike.
The desire for automation and digitisation of processes and procedural operative tasks derives from the very nature of the investment business itself. As a depositary to various types of Malta-domiciled Collective Investment Schemes (CIS), it is imperative to highlight the fact that a CIS is generally subject to a magnitude of different rules and obliged to comply with such rules on an ongoing basis.
By PwC
Malta’s appeal as an alternative jurisdiction for asset and wealth managers is driven by a variety of factors. In particular, Malta provides start-ups and smaller/ medium-sized outfits looking to build track record or simply operate in a cost-effective environment with an attractive geographical location, EU membership, a highly educated multilingual workforce and also an efficient tax environment.
Changing international tax landscape
The international tax landscape is evolving in an unprecedented manner, resulting in increased pressures for international tax rules to be amended with a view to multinational entities paying a “fair” amount of tax. The pace with which
