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Options Technology, a provider of cloud-enabled managed services to the global capital markets, has added Larry Leibowitz, an experienced capital markets and fintech entrepreneur, executive and advisor, as an independent doctor on its Board of Advisors.
Long-running cryptocurrency exchange Bitstamp has been registered to fully operate in the UK by the Financial Conduct Authority, bringing the number of global licenses and registrations held by the Bitstamp group to 52.
Cryptocurrency exchange Bybit has completed its integration with Copper’s ClearLoop network, which offers clients off-exchange settlement that not only aims to mitigate counterparty risk, but also to improve capital efficiency.
Regulatory change is nothing new in the investment management space, but with AI and other technological developments demonstrating the potential to have a truly transformative impact on the industry, the pace of change looks set to accelerate. Anna Maleva-Otto (pictured), partner, at law firm Schulte Roth & Zabel, outlines some of the challenges ahead and the likely areas of focus for the SEC and FCA.
Hudson Bay Capital Management, a multi-strategy hedge fund firm with around $20 billion in assets, has become the latest manager to open an office in Dubai following the likes of Millennium Management, Balyasny Asset Management and ExodusPoint Capital Management, according to a report by Bloomberg. Â Â
Just two months after predicting a major rebound in the domestic real estate sector, Chinese macro hedge fund Shanghai Banxia Investment Management Center, has slashed its holdings in property stocks on the back of an ongoing decline in values, according to a report by Bloomberg.
The report cites an investor letter seen by Bloomberg as revealing that the firm’s flagship Banxia Macro Fund slumped 9.8% in May, the biggest monthly loss since at least 2018, after it sold property-related shares and cut commodities positions.
The pivot by Banxia, which was among the most bullish investors in April, supports the view
Hedge fund DE Shaw has become the second large Diversified Healthcare Trust shareholder to oppose the real estate investment trust’s merger with Office Properties Income Trust and is pushing the board to pursue better alternatives, according to a report by Reuters.
The report cites a regulatory filing made on Monday as revealing the DE Shaw, which owns a 6.1% stake in Diversified Healthcare Trust, told the company privately last month that it planned to vote against the deal.
Representatives of DE Shaw have also reportedly met twice with board members of Diversified Healthcare Trust, demonstrating a “willingness to work constructively”
A “complete rebrand” is on the cards at Odey Asset Management according to partners at the firm following the departure of founder Crispin Odey in the wake of a string of allegations of sexual misconduct levelled against him, according to a report by Portfolio Adviser.
In a joint report published by The Financial Times and Tortoise Media last week, 13 women alleged Odey sexually assaulted or harassed them over a period of 25 years, prompting his departure from the firm he founded in April 2011. Odey denies the allegations.
Having announced over the weekend that the firm had severed “personal
Aaro Capital, a cryptoassets and DLT investment specialist, has appointed Saul Benjamin as chief operating officer. Benjamin, who has over 20 years of experience in alternative asset management and institutional client relationships joins Aaro’s London-based team and will report to CEO Peter Habermacher.
Prior to joining Aaro Capital, Benjamin served as the global chief operating officer at Investcorp-Tages, overseeing the company’s multibillion-dollar alternative asset management operations. He has also held executive positions at Tages Capital LLP, Tarchon Capital Management, and Pamplona Capital Management.
Benjamin holds a degree in Economics and Social Studies from the University of Manchester and is a
Digital asset investment products saw outflows totalling $88 million last week, bringing this current eight-week negative run to $417 million, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
CoinShres says the continued outflows are likely related to monetary policy, with that fact that there is currently no clear end in sight to interest rate rises leading to caution among investors.
Ether saw outflows of $36 million, the largest single week of outflows since the Merge. Altcoins meanwhile, have seen inflows year-to-date, in stark contrast to both bitcoin and ether.
