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During the challenging last few years, Investcorp-Tages – this year’s winner of Best Seeding Platform at the Hedgeweek US Awards – has been focused on continuing to best serve its clients.
Man Group is preparing to launch a dedicated cryptocurrency hedge fund despite the current turmoil in the market sparked by the collapse of Sam Bankman-Fried’s digital exchange operator FTX, according to a report by Bloomberg.
Founder Dan Och and other former senior executives of Sculptor Capital Management have resolved a legal fight with the hedge fund by forming a special committee to explore potential transactions, according to a report by Bloomberg.
The report cites a statement issued by the new New York-based firm on Friday that the committee, which will be made up of independent directors, will gauge potential interest from third parties “that maximises value for shareholders”.
A deal could prove challenging for Sculptor, whose flagship hedge fund is underwater and has grappled with outflows almost every year since 2014. Its stock has lost
Steven Cohen’s Point72 Asset Management focused on dividend-paying stocks in Q3, upping its holding in two tech companies and opening two new positions in the energy sector, according to a report by Investing.com.
The $24 billion hedge fund firm, which lost over 20% last year but still boasts ten-year performance of over 60%, although last year the fund was down roughly 20.4%, increased its stake in Fidelity National Information Services (FIS) by more than 1.3 million shares, or roughly 68% during the third quarter. FIS is offering a dividend yield of 3.06% or $1.88 per share annually, through quarterly payments.
As the Chapter 11 bankruptcy process for Sam Bamnkman-Fried’s failed cryptocurrency businesses gets underway, initial court filings have revealed that the largest creditors are owed over $3 billion, according to a report by the Financial Times.
The report cites a list of the 50 largest creditors of FTX and its related companies which was filed on Sunday, all of which are customers and owed more than $20 million, with ten owed five times that amount and two over ten times. Total combined liabilities stemming from the collapse of the businesses are estimated at over than $10 billion, with more than
Crypto exchange Bybit, the world’s third most visited crypto exchange, is enhancing its risk management controls as part of the company’s continued efforts to ensure the most secure environment for its customers and increase the resiliency of its platform.
The enhanced “wallet control system 3.0” covers the entire life cycle of user behaviour and all business scenarios. The system uses multiple identifiers like geolocation, device ID and user ID. It tracks abnormal behaviour, confirms the true identity and location of every client, blocks suspicious transactions, and detects intruders with pinpoint accuracy.
This cutting-edge security technology will allow Bybit to
Fasanara Capital – a London-based asset management and technology platform – has secured a strategic circa $200 million mandate from one of Canada’s largest pension funds. These latest funds will be used by Fasanara Capital to support further expansion of its global fintech ecosystem.
Verition Fund Management has added at least 11 portfolio managers in the last three months from institutions including Deutsche Bank, Goldman Sachs, and JPMorgan, according to a report by eFinancial Careers.
Sam Bankman-Fried, the former CEO of bankrupt trading firm Alameda Research, allegedly borrowed $1 billion from the business after it borrowed the same amount from another of his companies, according to a report by ShoreNewsNetwork.
The report cites a court filing made on Thursday by the company’s new CEO John J Ray III as the source of the allegation which comes one week after a report that Bankman-Fried had loaned $10 billion of client funds from crypto exchange FTX to Alameda Research when he was FTX’s CEO.
According to a declaration made by Ray to a Delaware court, group of
Brilliance Asset Management, one of Asia’s largest China-focused hedge funds, chalked up a 16% loss in October after a bet on electric vehicle maker Li Auto went awry, according to a report by Financial Post.
The report cites unnamed sources as revealing that the loss left the Hong Kong-based firm’s flagship fund down 40% YTD at the end of October, despite a strong performance in June.
According to data from Eurekahedge, other China-focused long-short funds have posted an average decline of 21% over the same period.
The firm’s smaller retail UCITs product – Brilliance China Core Long Short Fund
