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Prometheum, a FINRA and SEC regulated digital asset securities platform, has appointed Anoop Datta, the former Global Head of E-Trading Risk Management and Strategy at Goldman Sachs, as Chief Operations Officer of Prometheum ATS platform.Â
TraditionDATA, the data and information services division of Compagnie Financière Tradition, has launched a range of new foreign exchange (FX) data packages providing clients with access to a wider range of data and analytics.Â
Funds-of-funds remain the investor type most likely to negotiate side letters with hedge fund managers according to the latest Hedge Fund Side Letter study from Seward & Kissel, accounting for over half (51%) of all such arrangements agreed in the period from 1 July 2021 to the end of July 2022, but down slightly from the 54% seen 12 months ago.
Greater institutional buy-in and anticipated regulatory oversight will support the continued growth of cryptocurrency investing. As the asset class becomes a more mainstream alternative, investor demands for fund performance and secure, professional, timely services will rise.
Macro hedge fund LHG Capital Management has closed its newly structured closed-ended flagship fund, LHG Premium Investments Fund, at €450 million, 50% higher than the original €300 million target.
US hedge fund Davidson Kempner Capital Management is to lose the services of Risto Koivula, one of Europe’s most senior merger arbitrage specialists and a partner at the firm, according to a report by Bloomberg.
Bin Zou, a former executive director of FX and Rates systematic trading strategies at Goldman Sachs has taken up the position of macro quantitative researcher at hedge fund ExodusPoint, according to a report by eFinancial Careers.
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.
