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Quant trading specialist DE Shaw & Co has closed its first dedicated private equity fund with more than $450 million in capital commitments, falling just sort of the fund’s $500 million target, which was set a year ago, according to a report by Bloomberg.
Apex Group has appointed Alice Read as country head, Jersey. She will report to James Burke, regional head of Northern Europe and Channel Islands and be responsible for leading the group’s Jersey-based team.
Element Capital, one of the world’s biggest macro hedge funds, is responding to a recent string of poor returns, including a $1 billion loss during last month’s stock market rally, by reducing its $12 billion asset base in a bid to improve performance, according to a report by the Financial Times.
US pension plans’ aggregate hedge fund assets were lower as of the end of September 2022 than they were in the previous year earlier, in part due to difficult market conditions, but also because some funds cut their allocations in favour of alternative asset classes, according to a report by Pensions & Investment Online.
The report cites P&I’s annual US retirement plan survey as showing that the defined benefit pension plans’ aggregate hedge fund assets fell by 17.2% to $138.3 billion for the year ended 30 Sept 30 – a 13.3% drop from five years ago.
The survey also reveals
A draft proposal from US regulator the Securities and Exchange Commission, would make it more difficult for crypto firms to operate as “qualified custodians” for hedge funds private equity firms and other institutional investors, according to a report by Bloomberg.
Transaction Network Services has launched a new standardised Dedicated Server offering, the first phase in the deployment of its new cloud platform for financial markets. The new product, designed specifically for high-performance trading, utilises TNS’ bare metal servers, as well as ultra-low latency trading connectivity through TNS Layer 1.
GCEX, a digital prime brokerage offering foreign exchange and crypto services to institutional clients, is now offering a greater choice of regulated custodians through its new partnership with Komainu, a joint venture between Nomura and digital assets companies CoinShares and Ledger.
Digital asset investment products saw minor outflows totalling $7 million last week following a week of macro data that significantly beat expectations to the upside, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
The focus was primarily bitcoin, which saw outflows totalling $10.9 million, although there were also outflows from short-bitcoin investment products totalling $3.5 million.
Investors seem to be more discerning this year, with select coins performing well, while overall 10 altcoins saw inflows last week totalling $4.8 million.
Crestbridge has expanded its team in Luxembourg with two senior appointments – Teodora Croitoru who joins as head of compliance, fund services, and Emmanuelle Poret who has taken on the role of head of client onboarding, fund services & ManCo.
Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, finished 2022 with a 9% loss despite raking in some $2.7 billion from winning interest rate bets over the course of the year, according to a report by Reuters.
