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A surge in redemption requests from investors after the ouster of founder Crispin Odey following multiple allegations of sexual assault, has prompted Odey Asset Management to suspend two funds, including the firm’s flagship hedge fund, according to a report by Bloomberg.
BFAM Partners, the Hong Kong and New York-based hedge fund firm founded by Benjamin Fuchs, has closed its London office after parting company with one of its most senior portfolio managers, Emmanuel Slezack, according to a report by Bloomberg.
The report cites an email from BFAM as confirming the departure of Slezack who led equity volatility trading at the firm. His departure follows those of Eugene Fung and Danny Scinto, with all three having previously served as senior portfolio managers heading separate strategies under founder and CIO Fuchs.
At its peak, BFAM, which was founded in 2012, oversaw about
Oasis Management, the Hong Kong-based activist hedge fund firm that owns 14% of Wagamama owner The Restaurant Group, has aired fresh concerns over the management of the company following the departure of chief financial officer Kirk Davis, according to a report by Proactive Investors.
Former hedge fund manager Hugh Hendry is bullish on bitcoin believing that the market cap of the flagship cryptocurrency could triple to $1.5 trillion on the back of worsening global macroeconomic conditions, according to a report by CryptoGlobe.
Speaking in a recent interview on BloombergTV, the Eclectica Asset Management founder reportedly said that he believed bitcoin will become a top-performing asset, particularly when macroeconomic conditions become “volatile” and that its market cap could rise to $1.5 trillion from its current $588 billion.
Digital asset investment products saw the largest single weekly inflows since July 2022 last week ($199 million), following
The European Energy Exchange has developed a platform for the future technical implementation of sale auctions and other trading instruments for hydrogen and its derivatives, aimed at both governmental and commercial players.Â
Digital asset investment products saw the largest single weekly inflows since July 2022 last week, totalling $199 million, correcting almost half of the previous nine consecutive weeks of outflows, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Bitcoin was the primary beneficiary, seeing $187 million in inflows last week, representing 94% of the total flows, while short-bitcoin saw outflows for the ninth consecutive week totalling $4.9 million.
This positive turn in sentiment didn’t trickle down to altcoins though, with only very minor inflows seen.
Hedge funds that want to be active in the crypto space are immediately faced with the difficulty of how to execute on their trading strategies. Other asset classes, like equities or commodities, don’t present this problem in such a heightened way because those markets have well-defined, regulatory-compliant ways to act on trade ideas.
This article argues that over-the-counter derivatives (for brevity, swaps) can help mitigate regulatory and operational difficulties that hedge funds face when executing on crypto trading strategies. The article focuses on US hedge funds and US regulations because the US generally presents the greatest difficulties for hedge funds
The rapid growth of digital assets has created unique challenges and opportunities as the industry balances the needs of an innovative, ambitious sector with the checks and balances needed to ensure the security and safekeeping of assets.
Market structures are developing to mirror traditional financial standards and against this backdrop, the custody of digital assets has come under sharper scrutiny. There are two key approaches to custody that investors and asset managers should consider, self-custody or managed custody. Each comes with its own set of benefits and drawbacks which investors must weigh when making their decision.
In this context, asset
In the context of growing demand for digital assets, hedge funds operating in the space need to make a choice critical to the growth of their business – do they build their digital infrastructure or buy in the capabilities from a third party? Their choice here can significantly impact the fund’s operational efficiency and selecting which best suits their specific fund and business can support their development in a fragmented and shifting market.
The digital assets market has experienced significant growth, supported by the rising participation of hedge fund managers and institutional investors looking to capitalise on the returns this new asset class has to offer. But as an emerging area of interest, the infrastructure to support investment and trade is still in development.
Rise in specialist providers
Hedge fund managers have lamented the lack of prime brokerage services specifically tailored to crypto assets, with limited access to crypto prime brokerage services being raised as one of the top concerns in the 2022 PwC Crypto Hedge Fund Report. Further, the report reveals an
