Latest News
BlueCrest Capital Management, the private investment firm led by Mike Platt – the UK’s wealthiest hedge fund manager, according to the latest Sunday Times Rich List – is partnering with fintech Arcesium to support its post-trade operations and middle- and back-office workflows.
BlueCrest has begun implementing Arcesium’s fully integrated cloud-based technology platform which, once deployed, will support the firm’s operational teams.
As part of the tie-up, BlueCrest will also look to take advantage of Arcesium’s global Financial Operations capabilities to augment its in-house operations and technology team.
The NZ Superannuation Fund New, a New Zealand-based sovereign wealth fund established to help finance the country’s state pension scheme, has made a new $100 million allocation to global macro hedge fund Episteme Capital.
The Managed Funds Association has submitted a letter to the Financial Conduct Authority (FCA) backing the regulator’s efforts to modernise the UK asset management regulatory landscape and promote more competitive UK capital markets.Â
Cryptocurrency hedge fund firm BXB Capital, which is owned by Binance Korea’s co-founders JJ Petersen and Alex Friedberg, is looking to raise $27 million for a new fund, with all capital commitments being made exclusively in bitcoin, according to a report by Fortune.
The new vehicle, which Singapore-based BXB hopes to launch in July of this year, has reportedly so far attracted 400 BTC, around $10 million, from investors.
As well as raising capital in bitcoin, all of the new fund’s trading strategies will also be carried out in the world’s largest cryptocurrency with any investor returns being made in
Transaction Network Services is now live within the Nasdaq Nordic colocation data centre enabling the business to offer managed hosting services and exchange access via Layer 1 connectivity to Nasdaq Nordic’s Equity and Derivatives markets. Â
Digital asset investment products saw outflows for the fifth consecutive week last week, with the $32 million withdrawn taking outflows over the period to $232 million, according to the latest Digital Assets Weekly Fund Flows report from CoinShares.
Bitcoin outflows of $33 million represented most of the week’s negative sentiment, as they has done over the last five weeks.
Altcoins, with the exception of ether ($1 million outflows), saw inflows, most notable of which were avalanche and litecoin.
With technology transforming how hedge funds run their trading operations, and the appetite among managers for high-quality market data and analytics tools on the increase, FX trading solutions specialist 360T is looking to evolution rather than revolution to stay ahead of the game, says the company’s Head of EMEA, Sebastian Hofmann-Werther.
Despite the negative fallout from the collapse of FTX and other such events, the crypto industry has found its silver lining and continued to develop. With potential regulation looking to institutionalise the space further, Sumit Sharma, Vice President – Fund Accounting Department, NAV Fund Administration Group, shares his insight on the levers of growth.
BlueCrest Capital Management co-founder Michael Platt has made the top 10 of the Sunday Times’ latest ranking of the UK’s 350 richest people, making him the country’s wealthiest hedge fund manager, according to a report by The Financial News.
TMR Capital has become the latest activist hedge fund to take a stake in Wagamama owner The Restaurant Group (TRG) as pressure builds on the company to break itself up, according to report by The Sunday Telegraph.
