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Hedge fund Pershing Square Holdings cut its year-to-date losses to 12% in October putting on 10% over the month, according to a report by Bloomberg. The gain was ahead of the S&P 500 index, which was up 8%, but trailed the 14% increase of the Dow Jones Industrial Average, its best monthly return since 1976.Â
The digital asset markets crash has claimed another victim with Protocol Ventures LP, a US-based investor in crypto hedge funds, announcing its intention to close down and return cash to investors, according to a report by the Malaysian Reserve.
The report cites unnamed sources as revealing that notices were sent to investors at the end of October about the decision, with the closure expected to be completed by the end of the year or in the first quarter of 2023.
Investors in Protocol’s fund of crypto hedge funds have reportedly lost as much as 90% over the past year with
San Franciso law firm Shartsis Friese has elected hedge fund partner Neil Koren as its new managing partner, according to report by the Recorder. Koren succeeds Art Shartsis, the 47-year-old firm’s co-founder and sole managing partner.
The appointment of Koren, a partner in the firm’s investment advisory group, comes as co-founder Shartsis, who has led the midsize firm since its inception in 1975, prepares to step down at the end of the year.
Koren, who has been a member of the firm for over 23 years, has advised a variety of hedge funds, venture, private equity and real estate funds
Professional investors are continuing to see opportunities in cryptocurrency investment with hedge funds, family offices, and legacy money managers all contributing to the $17 billion of institutional capital invested in the space this year alone.
Apex Group has closed its acquisition of Darwin Depositary Services, a Netherlands-based provider of depositary services to alternative investment funds including hedge funds, real estate, debt and private equity funds as well as funds investing in infrastructure and renewable energy.
Horizon Software, a provider of electronic trading solutions and algorithmic technology, has appointed Yannick Martin as Product Manager Agency, to oversee the increasing demand for agency trading.Â
The electronification of fixed income trading continues unabated according to the most recent Sell-Side Fixed Income Expert Network Report, produced by Acuiti in association with valantic FSA.
Over 75% of the Expert Network, a group of senior sell-side fixed income executives from across the globe, reported that flow to electronic trading platforms from their client base had increased during the first half of 2022, with over a quarter of the network pointing to a significant increase.
Volume spikes and volatility over the last 12 months have led to continued changes in execution methods. Some 41% of respondents noted a shift
Cybersecurity is a diverse and to most, a generally unfamiliar challenge, which the investment management industry needs to approach from several angles in order to be effective.Â
Crispin Odey has closed three funds, including his flagship European fund, to new investors having chalked up record gains so far this year, according to a report by Bloomberg. Odey wants to keep assets at a manageable level after the main European fund gained 193% on the back of turmoil in the UK gilt market.
David Hu and Aaron Mayer, founders and GPs of Open Heart Capital, a market-neutral, fully-automated, quantitative cryptocurrency hedge fund, have committed to donate a “large percentage” of the fund’s performance fee to “highly effective” charities.
Mayer and Hu, who met through the effective altruism community, a group of people who use evidence and data science to determine how to maximally benefit society through philanthropy have decided that much of the fund’s profits will be directed towards promoting global health via the Against Malaria Foundation, where a $2.50 donation can manufacture and distribute an insecticide-coated mosquito net that can prevent someone
