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Digital assets-focused quantitative hedge fund firm Presidio Trading, is planning to spin out its existing cryptocurrency market tail risk strategy into a separate, standalone fund, according to a report by CoinDesk.
Kevin Kang, the co-founder of crypto hedge fund BKCoin was fired in October for allegedly misappropriating $12 million in investor money from three of the firm’s multi-strategy funds, according to a report by CoinDesk.
Maitri Capital, an FCA-regulated hedge fund firm, has launched two Web3 and digital assets market funds, which will look to make investments in a diverse portfolio of asset classes.
The first fund will target investments in both locked and unlocked tokens, equity, staking programmes and liquid tokens, while the second fund will focus on backing non-fungible tokens (NFTs), decentralised finance (DeFi), and metaverse projects, as part of a portfolio diversification strategy.
In a statement Maitri said it wants to provide investors with “an investment entry point into the most promising projects the blockchain space has to offer”.
Maitri was formed
Bosonic, a decentralised Financial Market Infrastructure business, has launched Cross Custodian Net Settlement (CCNS) in which trades in USDC and ETH were executed, cleared, and settled atomically between two digital asset custodians, First Digital in Hong Kong and Propine in Singapore. Â
The European Power Spot market volume, operated by EPEX SPOT, was largely stable in November compared to last year: while intraday volumes increased by 7%, volumes on the Day-Ahead market decreased by 6%.
Hedge fund redemptions grew in September to $48.59 billion (0.98% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge. A $185.16 billion trading loss during the month brought total hedge fund industry assets to $4.71 trillion as September ended.
Performance, or rather a lack thereof, during the volatile markets this year, is the most significant headwind facing hedge fund managers heading into 2023. With no incentive fees coming in, many fund managers will face a tough time sustaining their operations.Â
Activist investor Bluebell Capital Partners is agitating for changes at investment giant BlackRock including the removal of long-serving CEO Larry Fink, due to the firm’s inconsistent focus on environmental, social and corporate governance issues, according to a report by Reuters.
Asia’s most active seed-fund providers are turning to hedge funds with strategies uncorrelated to major macro trends on the back of underwhelming performance on the part of traditional equity and bond portfolios, according to a report by Financial News.
The result is that fund-raising my be difficult for hedge funds that don’t run strategies capable of exploiting market volatility or are focused on forward-looking themes such as clean energy.
The report cites data from WithIntelligence as revealing that only 24 new hedge funds were launched in Asia in the first half of 2022, raising just $1.8 billion, compared with 44
Proposed changes to current Form PF requirements are “a fundamental rewrite of the form that undermines regulators’ ability to accurately identify and assess systemic risk”, according to the Managed Funds Association, the trade association for the global alternative asset management industry.
