Latest News
Active Digital, a new digital asset hedge fund firm, has launched with a team of experienced traders providing a collective 27 years of crypto trading experience. The firm has already begun trading with personal capital and is seeking investments from funds of funds and family offices.
Active Digital takes a systematic approach to crypto trading with a market neutral fund and a long-short fund. The market neutral fund employs statistical arbitrage and basis trading strategies, utilising proprietary execution software that is designed to be adaptable to changing market conditions and new strategies.
The long-short fund is a fully systematic, quantitative
AIFs and UCITS saw net outflows of €278 billion in 2022, compared to net inflows of €888 billion in 2021, according to the latest monthly Investment Fund Industry Fact Sheet Net from the European Fund and Asset Management Association (EFAMA). Assets of European investment funds meanwhile, declined by 12.4%, to drop below the €20 trillion threshold.
According to EFAMA’s data, UCITS suffered net outflows of €175 billion in 2022, the first annual decline since 2011.
Net sales of AIFs, meanwhile turned negative for the first time ever (€101 billion). EFAMA says this was due to the decision taken by several pension
CLST, an institutional peer-to-peer lending platform for digital assets, has appointed Roshan Robert as its President & COO effective February 2023. Robert will be joining as a co-founder to lead the expansion of the company and to enhance the product offering to cater for a wider range of institutional credit requirements.
Fund and corporate services provider ZEDRA, has completed the integration and rebrand of Atlas Fund Services, which it acquired in November 2022, to ZEDRA. The new ZEDRA team in Charlotte, North Carolina and Curaçao will service both seasoned and emerging managers of hedge and private equity funds based in the US and throughout Latin America.
Brevan Howard has appointed Murray Coalville, a former vice president at Nomura, to head up its systematic operations, according to a report by The Financial News. Colville joins after spending four months at institutional crypto trading platform Elwood Technologies as a technical account manager.
Elliott Investment Management has ruled itself out of making a formal bid to acquire Manchester United, but is keen to be involved in providing finance for the Red Devils, a move that could allow current owners, Joel and Avram Glazer, the club’s co-chairs, to remain in control of the club, according to reports.
Melqart Asset Management has launched a new fund on the Investcorp-Tages UCITS platform, the Melqart Event Driven UCITS Fund. Melqart Asset Management was founded in 2015 by Michel Massoud and currently manages $1.7 billion on behalf of a global client base, which includes some of the world’s pre-eminent hedge fund investors.
Fallout from the collapse of Sam Bankman-Fried’s cryptocurrency empire continues to impact the hedge fund world with news that Galois Capital, one of the world’s largest crypto-focused hedge funds is to shut down after losing a large chunk of its capital in the collapse of FTX, according to a report by the Financial Times.
Antara Capital, a New York-based, event-driven hedge fund launched by Himanshu Gulatis in 2018 with start-up capital from the Blackstone Group, has acquired a 6.4% stake in GAN, Dermot Smurfit’s Nasdaq-listed gambling technology firm, according to a report by the Business Post.
The Options Clearing Corporation is to undertake remedial efforts and pay $17 million in penalties to settle Securities and Exchange Commission charges that it failed to comply with its SEC-approved Stress Testing and Clearing Fund Methodology rule during certain times between October 2019 and May 2021.
