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Digital asset investment products saw $117 million of inflows last week, the largest since July 2022, while total asset under management have risen to $28 billion, up 43% from their November 2022 lows, according to them latest digital assets fund lows weekly report from CoinShares.
New carbon and energy policies, regulations and initiatives are expected to drive markets in the coming year, resulting both in rising risk and opportunity for investors. And, as consolidation looms in the hedge fund industry, specialised, alpha-generating strategies can be expected to draw higher investor interest.
SkyBridge Capital, the hedge fund firm found by Anthony Scaramucci, saw losses in its largest fund of 39% last year after investors asked the firm to return half their money after a series of failed bets on cryptocurrencies and now-bankrupt FTX, according to a report by Bloomberg.
A tokenised version of a global macro hedge fund run by renowned manager Chua Soon Hock has been listed on Singapore-headquartered private markets exchange ADDX, according to a report by Fund Selector Asia.
Through the use of blockchain and smart contract technology ADDX has reduced the minimum subscription size of the Asia Genesis Macro Fund from $1m to $20,000 for investors, while the fund trades exclusively in highly liquid exchange-listed futures and options, providing investors with a monthly redemption option with no lock-in periods.
The fund, which record a Net return for 2022 of +15.3% on a Sharpe Ratio of
Citadel and Millennium Management are among a group of 12 hedge funds that are set to make a profit of more than CAD216 million ($162m) as one of Canada’s most bitterly-contested acquisitions nears completion, according to a report by Reuters.
Hedge funds are positioning for a slow down in this year’s stellar start for Treasuries by quietly building up the biggest bearish bet on bond futures on record, according to a report by Bloomberg.
The report cites the latest data from the Commodity Futures Trading Commission which reveals that as of 24 January, an aggregate measure of net-short non-commercial positions across all Treasuries maturities hit 2.4 million contracts. The positions cover a raft of investment strategies including outright short bets, yield curve wagers, relative trades and hedges.
Widespread anticipation that falling inflation and a wider cooling of the US economy
Cadwyn Capital has added to it leadership team with the appointment of Parag Patel as chief risk officer and investment director. Patel will oversee risk management at the firm and be involved in the implementation and direction of investment strategies.
Prior to joining Cadwyn, Patel was CRO of Capula Investment Management for three years and chair of the firm’s investment committee, with global oversight of investment and enterprise risk, overseeing the firm’s growth from $18 billion to $25 billion in AUM, including expansion to eight funds, including several newly launched strategies.
Patel was previously at DWS and Deutsche Bank (London
Winton Group and Blackstone Inc are among the hedge fund and private equity firms that have helped drive leasing prices of high-end offices in London’s West End to record highs, according to a report by Bloomberg.
CTAs delivered record gains in 2022, the fourth consecutive year of positive performance across all strategy types, according to the 2022 CTA Performance Report from the Capital Consulting group of Societe Generale Prime Services.
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Market commentators say sweeping write-downs on private assets next year could see institutional flows rebalance in favour of hedge funds as fees, liquidity and capacity issues focus minds.
