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Investment bank-based index traders are being targeted by hedge funds and energy trading firms as they look to cater for increased investor interest in opportunities across the commodities markets, according to a report by Bloomberg.
Sussex Partners, a global investment advisory firm that specialises in hedge funds and alternative investment asset classes, has appointed Kanji Kikuchi as a Partner to support the firm’s outreach in the Japanese market.
Sussex Partners has been engaged with Japan since the firm’s inception in 2003 and is a strong supporter of local market hedge funds and the alpha opportunity they represent.
Kikuchi joins Sussex Partners from Credit Suisse Securities in Tokyo where he was Head of Fund Solutions for the firm’s private banking clients. Prior to Credit Suisse, Kikuchi worked in alternative investment sales and structured solutions
Digital asset investment products saw inflows totalling $76 million last week, the fourth consecutive week of positive flows, taking year-to-date inflows to $230 million, and indicating a change in investor sentiment, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Bitcoin continues to be the primary investor focus, with inflows totalling $69 million, representing 90% of the total flows for the week.
Despite the improving clarity around unstaking, ether saw only $0.7 million of inflows.
Drawbridge, a cybersecurity software and services firm specialising in the needs of hedge fund and private equity managers, has appointed Nick Pastoressa as its new chief product & technology officer to oversee the company’s technology strategy and platform evolution, and lead both the product and technology teams.
Metaco, a provider of digital asset custody and orchestration technology, has appointed a number of key executives to its leadership team, to address increased demand for institutional digital asset services.
Former global head of digital asset infrastructure at IBM, Peter DeMeo, joins the company as chief product officer, overseeing the product roadmap planning and lifecycle execution of Metaco’s suite of software and infrastructure solutions for institutions, and also responsible for setting up the company’s digital asset advisory practice which provides strategic direction and consulting to the business and to its clients. Having created IBM’s digital asset key management practice going
Hedgeweek exclusive: Albourne Partners’ Travis Williamson (pictured) and Steven D’Mello explain why, following the collapse of FTX, counterparty due diligence has become more important for all active trading strategies.
Citadel, the hedge fund firm founded by Ken Griffin, has extended its 2022 winning streak, which saw it chalk up a record $16 billion annual gain, into January, with the firm’s flagship Wellington fund posted a 2.08% increase during the month, according to a report by Reuters
Daniel McNeill, the former head of AM derivatives at JPMorgan in London has become the latest managing director to jump ship and defect from the investment bank to London-based multi-strategy hedge fund Millennium, according to a report by eFinancial careers.
The appointment of McNeill, who will reportedly soon be installed as Millennium’s new risk chief operating officer based in London, comes hot on the heels of Millennium’s capture of another former JPMorgan MD, Jack Yang, who last month took up a credit strategy role based in New York.
Millennium has also made other former-bank executive appointments, including Cagdas Aksu, Barclays’
Man Group, the world’s largest listed hedge fund is positioning for a sell-off in emerging markets putting it at odds with the bullish stance adopted by many of Wall Street’s larger investment banks including Morgan Stanley Investment Management and Goldman Sachs, according to a report by Bloomberg.
Man Group Plc, which manages $138 billion in assets globally, with around half of that total within EMEA, believes that the rally in risk assets so far this year isn’t supported by improvements in economic fundamentals and that a reversal is likely, as soon as “within the next two months”, according to Guillermo
An Asian subsidiary of US-based hedge fund Citadel, is looking to tap into investment opportunities on the Chinese mainland having submitted an application to the country’s securities regulator to become a qualified foreign Institutional Investor (QFII).
According to the China Securities Regulatory Commission’s website, Citadel Asia’s application was accepted for review on 3 February.
If granted, Citadel will be able to invest in China’s capital markets, including the country’s stock markets as well as private equity funds and derivatives.
Founded in 1990, Miami-based Citadel recently became the most profitable hedge fund ever by pulling in a record $16 billion annual
