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Eisler Capital is to focus solely on its multi-strategy investment pool after announcing the decision to close its first hedge fund and scrap plans for a new fund launch, according to a report by Bloomberg.
The potential to buy company debt at reduced prices as central banks tighten monetary policy, will see hedge fund investors ramp up their allocations to distressed credit next year, according to a report by Reuters.
The report cites a recent survey by BNP Paribas as suggesting that allocations to hedge funds focused on US corporate debt are expected to increase by 35% over the next 12 months compared with year-to-date allocations, and by 29% for those focused on European credit.
Emerging markets credit allocations will also see a lower 5% increase compared with this year’s 7% cut in exposure.
Of the
Citadel was the leader of the multi-strat hedge fund pack in October outpacing its rivals with a 1.52% gain that took performance so far this year to 30.7%, according to a report by BusinessInsider.
Technology investor White Hat Capital Partners has partnered with Magnetar Capital, a US-based $13.2 billion multi-strategy alternative investment manager, to launch the White Hat Structured Opportunities fund.
Dan Och, the billionaire founder of hedge fund Sculptor Capital Management, which was formerly known as Och-Ziff Capital Management, has rubbished comments made by the firm’s board in defence of current chief executive officer Jimmy Levin.
OneDegree, the first Asia-headquartered insurer to provide coverage for digital assets, has partnered with METACO, a provider of digital asset custody orchestration technology.
IntelIntelThe partnership sees OneDegree provide its pioneering digital wallet insurance product OneInfinity to financial institutions that leverage METACO’s flagship digital asset custody orchestration platform Harmonize.
METACO enables traditional banks of any size to enter the fast-growing digital asset market. OneInfinity provides peace of mind to these banks and their customers. The combination of bank and insurance offerings will be a driving force to take digital assets to the mainstream market. A recent survey found nearly 40% of
Talos, a provider of institutional digital asset trading technology, has integrated the liquidity venue of global digital asset company Amber Group’s flagship digital asset platform, WhaleFin, into its client offering.
The integration will facilitate greater access to Amber Group’s liquidity via Talos’s market-leading institutional trading platform and broaden digital asset trading for all its users.
The partnership comes as Talos continues to expand its business and solidify its presence in Asia Pacific, leveraging on the region’s booming digital asset industry and its continued relevance as a global digital asset hub. Amber Group will join Talos’s extensive partner network of over 40
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.
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
