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Crypto exchange Bybit has revamped its broker rebate programme aimed at enhancing its deep liquidity and maintaining minimal slippage on its spot trading platform. From 10 January, 2023, 10AM UTC, all spot trading fees generated from the broker platform on Bybit have been returned via a 100% rebate.
By offering this incentive, Bybit says it is supporting both new and current brokers to create a mutually beneficial arrangement, which encourages more liquidity and benefits all traders.
Bybit’s broker programme applies to professional traders who trade via API key. Brokers can access over 300 spot pairs using Bybit’s high-frequency trading engine,
Hedge funds and other professional investors are betting that China’s economy will successfully reopen and return to a pre-pandemic “normal” after the country ended most “Zero Covid” controls, according to a report by CNBC.
Former FTX chief executive Sam Bankman-Fried, who pleaded not guilty to multiple federal criminal charges in Manhattan last week, has blamed failings at his hedge fund Alameda Research for the collapse of his cryptocurrency empire, according to a report by CNN.
The report cites a lengthy blog post by the former crypto star, who is currently under house arrest at his parents’ home in California after posting a $250 million bail bond, in which he sets the blame for the collapse of his cryptocurrency exchange squarely at the door of Alameda Research.
“Alameda failed to sufficiently hedge against the risk
Sacramento County Employees’ Retirement System has made a new direct hedge fund investment allocation of $50 million to the Tudor BVI Global Fund, a global macro fund managed by Paul Tudor Jones’ Tudor Investment Corp, according to a report by Pension & Investments Online.
The report cites a December transaction report included with materials released ahead of the $11.6 billion pension fund’s upcoming board meeting on 18 January as confirming the allocation.
The investment, the pensions scheme’s first with Tudor Investment, takes its absolute return allocation to 7%, in line with its stated target.
Cleavemoor, a consumer sector investment advisor, has launched Cleavemoor 10, a new open ended hybrid vehicle employing the firm’s proprietary Agile Horizon Strategy, which combines a consumer sector long/short public equities portfolio with longer-term consumer private equity investments.
McKay Brothers International’s Josada team has extended its lowest latency market data service into Shanghai, with MBI claiming that its Quincy Extreme Data service is now the fastest way to receive select CME and ICE Futures market data, including: energy, metals, FX, agricultural/softs, and equities.
Yasho Lahiri has joined Kramer Levin as a partner in the firm’s New York office. He will practice in the Investment Management group, broadening its private fund formation practice.
California Public Employees’ Retirement System, the largest public pension fund in the US, may start investing in hedge funds again nearly nine years after its high-profile exit from the asset class.
Investors are demonstrating a keen appetite for alternative investments. However, they are simultaneously showing a need for a certain level of liquidity. This is leading to a growing demand for semi-opened-ended alternative funds being launched in European fund domiciles.
Investment managers have seen their regulatory and compliance burden inch upwards for years. The use of management companies in jurisdictions like Luxembourg has sought to ease this load. Investment managers are welcoming the additional support provided by a third-party ManCo, allowing them to concentrate on their core capabilities of managing money.
