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Charitable foundation the Wellcome Trust managed a return of 1.7 per cent from its £34.8 billion investment portfolio in the year to 30 September 2022, with some of its hedge fund allocations helping to offset big losses from equities, according to the Trust’s latest annual report.
The Headstart Fund of Funds successfully navigated last year’s volatile markets and recorded a third consecutive year of double-digit positive performance in the process with a 20.67% return.
Nine out of ten hedge fund traders will use artificial intelligence to achieve portfolio returns during 2023, according to a new survey of the top 50 hedge fund managers carried out by London-based market intelligence specialist Market Makers.
BMLL, an independent provider of historical Level 3 data and analytics, has appointed former Société Générale, Goldman Sachs and UBS executive Jenny Chen as Head of Sales, Americas.
The appointment follows the recent appointment of Rob Laible as Head of Americas (January 2023) and delivers on BMLL’s strategic growth plans for geographic expansion, to meet the increasing client demand for Level 3 data and analytics in the US and globally.
BMLL already serves a number of US based clients and says it has seen growing demand for its granular Level 3 data and analytics capabilities from increasingly sophisticated market participants,
Flexibility has long been a cornerstone of the British Virgin Islands’ financial services industry. BVI companies are often used as public companies and listed on major exchanges worldwide, but they can just as easily be used as an asset-holding vehicle for an individual or family office. This trend continues with BVI funds which offer a variety of choices to suit different managers, investor types, and structures.
Established BVI fund types
The flagship BVI fund is the professional fund, the typical choice for most hedge funds, funds of funds, and alternative investment funds. The professional fund is ideal for high-net-worth investors. Investors
SkyBridge Capital has adopted an “overly bullish” view on cryptocurrencies, says founder Anthony Scaramucci, and is betting that there will be a sustained turnaround in the digital assets space during 2023, according to a report by Reuters.Â
BlackRock has reported a year-on-year AUM decline of 14.41% at the end of the final quarter of 2022 to $8.59 trillion from AUM of $10.01 trillion in the same period of the previous year, according to a report by Pensions & Investments Online.
Castlelake, a global alternative investment manager specialising in asset-backed private credit with 17 years of experience investing in, financing and managing aviation assets, has created a Bermuda-licensed reinsurance company, Itasca Re Limited, to offer insurance financing solutions to buyers and owners of commercial aircraft assets.
Digital asset investment products saw minor inflows totalling $9.2 million last week, while trading volumes remained low at $866 million for the week, both suggesting that the recent rally in digital assets was not investment product led.
Euronext is to expand Euronext Clearing to the Euronext derivatives markets for Q3 2024 with Euronext Clearing becoming the exchange’s clearing house of choice for cash equity, listed derivatives and commodities markets.Â
