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Crypto hedge fund Galois Capital, whose founder is credited with spotting the collapse of cryptocurrency luna and its linked stablecoin terraUSD, earlier this year, has confirmed that around half of its assets – up to $45 million – are trapped in collapsed cryptocurrency exchange FTX, according to a report by Bloomberg.
The Securities Commission of The Bahamas has frozen assets of FTX Digital Markets and related parties. The Commission also suspended the registration and applied to the Supreme Court of The Bahamas for the appointment of a provisional liquidator of FTX Digital Markets Ltd.
The Global Algorithmic Trading Market Size was valued at $13.02 billion in 2021 and is expected to reach $31.30 billion by 2030, growing at a CAGR of 13.6% during 2021-2030, according to a report by Spherical Insights.
The market for algorithmic trading is growing as financial markets and market surveillance become more integrated. The expansion of financial institutions and the increase in investments are having a beneficial effect on market expansion. In algorithmic trading, a computer program is run according to a predetermined set of instructions, some of which include purchasing or selling an item.
The market is expanding more
FundCount, a provider of accounting and investment analysis software for single and multi-family offices, fund administrators, hedge funds and private equity firms, has joined the Cyprus Investment Funds Association, the fund industry’s sole recognised body located in Cyprus.
Singapore continues to attract new high-profile hedge fund business with Greg Coffey’s Kirkoswald Asset Management the latest firm to announce plans to open an office in the city-state, according to a report by Bloomberg.
Yanfu Investments, Ubiquant and Jun Ge Asset Management are among a host of China-based quantitative hedge funds that are re opening their funds to investors after freezing inflows last year to sidestep a widespread rout in Chinese stocks, according to a report by Bloomberg.
CEX.IO, a global ecosystem of products and services for the cryptocurrency economy and decentralised finance, is participating in Hedgeweek’s 2022 Hedge Fund European Emerging Managers Summit as a sponsor and panel moderator.
“Strategy Deep-Dive: Traditional, Digital Assets or Experimenting with Private Markets,” a session moderated by Rich Evans, managing director for CEX.IO’s institutional offering, prime liquidity, will explore the evolution of the industry. The discussion will include guidance on how start-ups should evaluate emerging asset classes including digital assets, and best practices for improving returns and attracting more capital by moving away from traditional strategies. The invite-only panel will take
Opus Fund Services, a multi award winning, independent provider of global fund administration services, has appointed industry veteran Robert Ansell as director, business development. Ansell brings with him nearly three decades of experience in global financial markets.
Options Technology, a provider of IT infrastructure to global capital markets firms, has appointed Christy O’Kane as SVP, Global Head of Delivery.
O’Kane joined Options as part of the Graduate and Placement Programme intake in March 2016. He started his career as a Technical Support Engineer, supporting Options clients in the UK, US, and APAC regions.
Previously O’Kane held a Project Management role, where he worked with clients, engineers, and account managers to enhance the effectiveness of day-to-day operations across Options’ Managed Platform, Managed Applications, and Managed Colocation business lines.
The Palm Beach Hedge Fund Association has formed a strategic partnership with Visible Alpha, an investment research technology company. The partnership provides PBHFA members with access to Visible Alpha’s suite of data services.
