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Digital asset investment products saw minor inflows totalling $8.8 million, while trading volumes reached a new two-year low of $677 million for the week, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Bitcoin saw inflows totalling $17 million, and CoinShares says sentiment has been steadily improving since mid-November with inflows since then now totalling $108 million.
Blockchain equities continue to suffer though, with outflows totalling $6.6 million last week, perhaps due to investor concerns over the crypto mining sector, which continues to suffer from low crypto prices, rising debt interest costs and rising energy prices.
Hedge funds extended gains in November with the investable HFRI 500 Fund Weighted Composite Index advancing 0.8% for the month, as directional equity hedge and interest rate sensitive relative value arbitrage strategies led the way.
According to a Hedgeweek global survey, 82% of fund managers suggested capital raising is the biggest barrier they face. But like many sales related activities, it’s a numbers game. The more people you touch, the greater chance you have of raising capital. Managing the capital raising process in a structured and professional way maximizes your chance of successfully achieving your fundraising goals.Â
Sam Bankman-Fried, the founder of failed crypto currency exchange FTX and trading firm Alameda Research, has been arrested in The Bahamas at the request of the US government, according to a statement by Attorney General of the Caribbean country.
Ray Dalio, the billionaire founder and former boss of hedge fund Bridgewater Associates, has teamed up with Hollywood filmmaker James Cameron to acquire an equity stake in a company that makes submarines for ultra-wealthy clients, according to a report by the Financial Review.
Dalio, who announced recently that he had given up control of the world’s largest hedge fund, having founded the firm back in 1975, is now part-owner of Triton Submarines, a Florida-based company that specialises in submersibles for the super-rich.
Financial details of the deal have not been revealed but Dalio, who already owns four submarines, now owns
Hedge funds and other money managers continued selling petroleum positions for the fourth consecutive week during the seven days ending 6 December as the price cap on Russian oil came into effect, according to a report be Reuters.
RBC BlueBay Asset Management has appointed Haris Nikitakis as senior risk manager. Based in London, Nikitakis will work alongside senior risk manager, Francesco Gessa running the Portfolio Risk Management team.Â
PGIM Quantitative Solutions , the quantitative and multi-asset solutions specialist of PGIM, has grown its London-based team with the appointment of Roy Martins as chief business officer for the PGIM Wadhwani investment platform.Â
Dalma Capital Group, a global alternative investment management platform and advisor, is to acquire The Global CIO Office, an independent, outsourced chief investment officer services business with a global network of investment professionals.
The Global CIO Office will become the Dalma Global CIO Office, completing Dalma Capital’s service offering and creating a full-service integrated platform for funds, investment banking and wealth advisory.
The Dalma Global CIO Office will operate as a segregated arm of Dalma Capital and provide professional clients with independent advice and portfolio management expertise. It will initially service clients with a minimum account size of $50 million.
SteelEye, a compliance technology and data analytics firm, has strengthened its customer engagement and commercial functions with the appointment of Christopher Pennington as chief revenue officer.
Pennington is a seasoned commercial leader with over 30 years of experience in big tech, having held senior roles at both Microsoft and Google. He joins SteelEye with a proven track record of driving high-growth sales organisations. At SteelEye, he will be responsible for all commercial revenue streams, focusing on delivering high-value and impactful propositions to clients.
Pennington will report to SteelEye’s CEO, Matt Smith, and will join the company’s executive management team.
