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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.
Qube Research & Technologies, a hedge fund that was spun out of Credit Suisse Group in 2018, is planing to boost its multi-strategy investment business by allocating hundreds of millions of dollars to external money managers, according to a report by Bloomberg.
The report cites unnamed sources as revealing that Qube, which has grown to an $11 billion business since going independent with $1 billion in assets five years ago, is planning increase its roster of external managers from 12 or so currently to around 50 by the end of the year. The firm typically allocates between $50 million and
Munro Partners has appointed Qiao Ma to the newly created role of portfolio manager. She will be based in the firm’s Melbourne office and report to chief investment officer Nick Griffin.
Goldman Sachs’s head of emerging markets rates Amir Fais trading has announced he is leaving the firm after 15 years to start a ‘new part’ of his career, which will reportedly see him take a up a role with a hedge fund, according to a report by eFinancial Careers.
Fais hasn’t yet revealed which firm he will be joining, although the report says ‘multiple sources’ have confirmed that his next destination will be a hedge fund.
Fais was made MD at Goldman in 2013 and was mentored by Kunal Shah, Goldman Sachs’ head of emerging markets trading, who was promoted
Multi-asset prime brokerage Invast Global has bolstered its sales team with the appointment of Tiffany Besnard as the Director, Head of Hedge Fund Sales (APAC). Besnard is based out of the firm’s Sydney office.
South Korean activist investor the Korea Corporate Governance Improvement Fund, is to sell its 6.92% stake in Osstem Implant Co to a consortium of private equity firms looking to gain control of the dental implant specialist, according to a report by the Korea Economic Daily.
Global hedge funds recorded a 2.8% gain in January, but expectations of a continued bear market meant industry performance lagged broader stock market indices over the month, according to the latest performance data from HFR.
All four major hedge fund strategies ended the month higher, led by equity hedge funds with a 4.24% gain, a notable turnaround for a category that posted major losses in 2022.
By comparison, the Nasdaq recorded its best January performance since 2011 with a 10.7% gain, while the S&P 500 advanced 6.18% over the month.
The investable HFRI 500 Fund Weighted Composite Index jumped +2.5%
