Latest News
Digital asset investment products saw outflows totalling $5 million last week in a continuation of the current period of investor apathy that dates back to September, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Investment product volumes which were $758 million, the lowest since October 2020, are far off the average of $7 billion a week seen at the same time last year.
Bitcoin saw minor inflows of $4.6 million for the sixth consecutive week while short-bitcoin investment products saw outflows of $7.1 million.
Ether meanwhile, saw minor outflows for the third consecutive week totalling US$2.5m bringing
As a result of the volatility and positioning for generational inflation and increased likelihood of an economic recession, institutional investors withdrew an estimated $26.0 billion from hedge funds in Q3 2022, according to the latest HFR Global Hedge Fund Industry Report.
Hedge fund Citadel and market maker Citadel Securities have doubled their combined headcount in Europe to roughly 750 since the start of 2019, according to a report by Bloomberg.
The report cites a spokesman for the company as confirming that London, with about 700 staff, remains Citadel’s biggest European hub but that its centres in both Dublin and Zurich are also expanding. Citadel’s office in Paris is also reported to be on the actively searching for new talent.
Citadel, headed by billionaire investor Ken Griffin, currently employs about 4,200 people globally and is benefiting from the recent trend of trading
Apex Group, a global financial services provider, has selected the Enfusion platform to enhance the delivery of middle-office services to its global fund administration client base. Enfusion is a provider of cloud-native software-as-a-service (SaaS) solutions for hedge funds and asset managers.
Apex Group will utilise Enfusion’s software for cash and position reconciliation, corporate actions processing and verification, trade affirmation and break resolution, shadow NAV calculations and reporting, and more as part of its middle-office offering.
As a leading multi-asset class front-to-back-office SaaS platform, Enfusion is a natural fit for the middle-office services Apex Group provides for buy-side institutions such as
Several Brazil-based hedge funds are ramping up their bets against the Columbian peso in anticipation of tough times ahead for their Andean neighbour, according to a report by BNN Bloomberg.
Israel has caught the eye of billionaire hedge fund investor Dan Loeb with the Third Point boss opening a new office in Tel Aviva to target investment opportunities in the country’s booming technology sector, according to a report by Reuters.
The new office is the first international location for the $14 billion New York-based firm and will act as a second hub to its Silicon Valley office in Menlo Park with a focus on data infrastructure, cybersecurity and enterprise software investments. It will be headed up by Sapir Harosh, who joined TPV from Israeli firm Pitango earlier this year.
Third
Activist investor Politan Capital Management (Politan), an 8.8% stockholder of Masimo Corporation (Masimo), has filed a lawsuit in the Court of Chancery of the State of Delaware against the company and its board of directors in response to attempts by the company to institute a stockholder rights agreement – commonly known as a poison pill.
Politan alleges that many of the Bylaw Amendments adopted by Masimo are unprecedented among publicly traded companies. They require providing information that a nominating stockholder either does not have access to, or is prohibited from disclosing, due to confidentiality obligations.
Politan recently submitted a draft
Seasoned short-seller Jim Chanos, who famously exposed – and profited from – the accounting scandal at Enron, has partnered with London-based Green Ash Partners to launch a new equity long/short hedge fund, according to a report by Bloomberg.
Assets at Polymer Capital Management have hit $4.3 billion following a 65% surge so far this year, bucking a wider industry trend of outflows amid ongoing market volatility, according to a report by Bloomberg.
Crypto hedge fund Edge Capital Management, has raised a combined $66.78 million for a US-based fund and a Cayman Islands fund focused on decentralised finance, according to a report by CoinDesk.
The report cites regulatory filings submitted to the US Securities and Exchange Commission on 19 October as revealing that the Edge DeFi Fund LP has raised about $28 million from eight investors since sales opened on 1 February, while the Cayman Islands-based Edge DeFi Offshore Fund has sold about $38.6 million to six investors since opening for sales at the start of October 2021.
Edge Capital hasn’t set any
