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In recent years, the role of the hedge fund manager has become exponentially more complex to navigate. In addition to both traditional and crypto asset markets experiencing volatility and uncertainty, the imposition of increasingly onerous legislative and regulatory requirements on the investment sector worldwide places another hurdle in front of us that we must navigate.
Man Group managed to pull in $3.1 billion in net inflows last year, “despite clear headwinds elsewhere in the asset management industry”, with assets under management rising to $143.3 billion at 31 December, 2022, up from $138.4 billion as at the end of September.
GoldenTree Asset Management has become the latest hedge fund to announce plans to extend operations to Dubai, with news that the New York-based credit trading specialist is to open a new ‘representative office’ in the Dubai International Financial Centre.
Point72 Asset Management, the hedge fund founded by Steve Cohen, has expanded its crypto team with the appointment of Lionel Sukhram as a digital assets senior professional, according to a report by Financial News.
Sukhram joins Point72 from Robinhood where he spent nearly a year as a crypto operations senior specialist. Prior to Robinhood, he worked in banking, including as a director in Morgan Stanley’s office of business management unit, and a six-year spell at Goldman Sachs.
Point72, which manages over $27bn in assets and made it’s first crypto bet in August 2021, has been ramping up its digital assets
Hassan Bassiri, the vice president of portfolio management at crypto hedge fund Arca, has left the firm, according to a report by CoinDesk. Bassiri’s LinkedIn profile says he ended his four year and four month tenure with the company this month and is now portfolio manager at Nima Capital, a single-family office founded by Suna Said.
The Alternative Investment Management Association, together with digital asset investors and industry experts, has published a new set of due diligence questionnaires for digital asset investment managers and funds.
Digital asset investment products saw minor outflows totalling $2 million, according to the latest Digital Assets Fund Flows Weekly report from CoinShares, although this masks broader negative sentiment as the largest inflows were into short investment products.
Bitcoin saw outflows for the third consecutive week totalling $12 million, while short-bitcoin saw inflows totalling $10 million.
According to CoinShares, this reflects nervousness amongst US investors prompted by the recent stronger than expected macro data releases.
Global investment firm Cambridge Associates has expanded its executive leadership team with the appointments of chief data officer Harinder Soin and head of corporate strategy Adam Lester.
Soin reports to Jason Roberts, chief technology officer and Lester reports to the firm’s chief executive officer, David Druley.
As chief data officer, Soin is focused on implementing and overseeing the firm’s data strategy, governance, and execution. He joined Cambridge Associates in 2016, bringing with him more than 20 years of experience in leading enterprise data architecture and designing IT applications and client reporting solutions in the investment management industry. He became the firm’s first chief
Lance Fritz, the chief executive officer of US railway company Union Pacific, has announced he is to step down this year after hedge fund Soroban Capital Partners called for the firm to appoint new leaders, according to a report by Reuters.
Millennium Management has appointed Robert Wininger as global head of HR product management and reporting in its New York office, according to a report by eFinancial Careers.
