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Lendary Asia Capital, a Hong Kong and Germany-based investment management group, has expanded its offering of alternative investment strategies with the launch of a new Crypto Alternative Debt fund.
Built on the success of the Lendary.net automated margin lending platform, Lendary Asia Capital’s latest multi-strategy alternative credit fund is focusing on yield opportunities across the digital asset space without investing in any cryptocurrency, keeping the risk and volatility level as low as possible.
The fund actively manages multiple credit strategies, including short-duration credit and liquidity provision to digital asset banks, centralised exchanges and hedge funds in the digital asset space.
The Maples Group has appointed Kieran Fox as Director, Business Development for its fund services business in Europe.
Fox, who brings nearly 25 years of experience to the role, most recently served as the Director of Business Development for Irish Funds, the representative body for the international fund and asset management community in Ireland. In this role, he led Irish Funds’ implementation of the Alternative Investment Funds Managers Directive (AIFMD), drafted guidance on hedge fund administration for the Alternative Investment Management Association (AIMA) and oversaw a significant increase in asset manager members.
Fox has held a number of previous senior
Digital asset investment products saw minor inflows totalling $6.1 million in a continuation of the the investor apathy that has now lasted for seven weeks, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Aquis Exchange, an operator of pan-European equity trading exchanges, is using the QuestDB open source time series database to monitor its institutional exchange in real time.
This partnership enables Aquis Exchange to improve its monitoring and real-time decision-making capabilities with open source software at the core of their infrastructure while reducing costs.
Aquis Exchange, authorised and regulated by the UK Financial Conduct Authority and France’s Autorité des Marchés Financiers, has chosen to rely on open source technology to track infrastructure, business, and market data. QuestDB allows Aquis to store, aggregate, and chart all those metrics in real-time with high throughput
GLG Partners has become the first hedge fund to reveal a wager against S4 Capital, the online advertising business set up by Sir Martin Sorrell in 2018 following his acrimonious split from WPP, according to a report by the Telegraph.
GLG, a division of Man Group, has revealed a £5 million short bet against the company, equating to around 0.5 per cent of the company’s shares which have halved in value over the past year and are down over 38 per cent so far in 2022.
S4 Capital has grown rapidly through a series of acquisition since launch reaching a
Arca almost doubled sales for its flagship crypto hedge fund in one year despite going public about its exposure to the Terra ecosystem which collapsed in May of this year, according to a report by CoinDesk.
Andrew Silverman is to head up a new credit unit in Schonfeld Strategic Advisors’ new macro trading business, which launched earlier this year, according to a report by Business Insider.
Elliot Management has increased its stake in Swedish Match to over 10 per cent putting the activist hedge fund in a position to potentially block Philip Morris International’s bid to acquire the smokeless tobacco firm, according to a report by Bloomberg.
Hedge fund bets against Asos have hit an all time high with prominent funds on both sides of the Atlantic including Citadel and Marshall Wace shorting the fast-fashion retailer’s stock, according to a report by the Telegraph.
News of Sports Direct billionaire Mike Ashley acquiring a 5% stake in the company via Frasers Group broke last weekend and prompted an increase in short bets among a clutch of funds. The report cites regulatory filings as revealing that some 8.4% of Asos stock is now on loan to short sellers.
In total four hedge funds increased their short stakes last week,
Fortress Investment Group (Fortress) has been ranked as the second fastest-growing brand among 50 alternative investment managers included in the second edition of the Alts 50 report, published by Peregrine Communications.
The report provides a qualitative and quantitative assessment of the integrated marketing and communications activities of the world’s 50 largest alternative investment managers (measured by assets under management).
Fortress received the study’s second-highest score for Brand Momentum, which assesses how well firms have grown Brand Awareness over time. According to the report, “Of all the metrics used in [the] study, Brand Momentum is most closely aligned with ‘moving the
