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Modular Asset Management’s ESG-focused crypto hedge fund is betting that tokens with stronger sustainability characteristics will outperform other digital assets by buying algorand and polkadot, according to a report by Bloomberg.
Speaking in an interview with Bloomberg, Daniel Liebau, chief investment officer, said that in recent weeks, the Modular Blockchain Fund had also increased its holdings of cosmos.
Liebau’s strategy is to bet on coins he believes are best placed to withstand increased scrutiny of the ESG credentials of cryptocurrencies.
Polkadot and Algorand have dropped 43% and 39%, respectively, since Liebau’s fund launched on 10 May, compared with a 34%
Swiss-based financial data expert SIX has made municipal bond pricing generated by global electronic marketplace operator Tradeweb (Tradeweb Municipal Ai-Price) available to clients. SIX will now provide US municipal bond pricing which leverages Tradeweb’s proprietary machine learning and data science models combined with proprietary data from Tradeweb’s electronic marketplace.
Despite the elevated volatility in the US rates market, fewer than 3% tax-free fixed coupon US municipal bonds trade on a daily basis, impacting price discovery and transparency of these bonds. Tradeweb Municipal Ai-Price addresses this problem through a combination of proprietary data, machine learning and other advanced data science methods,
Hedge fund Elliott Investment Management has upped its stake in Swedish Match AB to 7.25% and is now the largest single shareholder in the Swedish smokeless tobacco company, according to a report by Bloomberg.
The move comes as Philip Morris International (PMI) is working on completing a deal to acquire the business in a $14 billion deal, down from $16 billion due to a fall in the value of the Swedish krona against the US dollar.
The report cites regulatory filings as revealing that Elliott upped its stake on two consecutive days as a group of large hedge funds are
A new activist hedge fund, Irenic Capital Management has built a stake in Barnes Group, believing the global industrial and aerospace manufacturer and service provider could be worth twice its current value in a sale, according to a. Report by Bloomberg.
Hedge fund giant Balyasny Asset Management believes the Bank of England (BoE) could be fighting a losing battle to bring down inflation following its intervention to control bond yields last week, according to a report by Bloomberg.
The BoE’s intervention to prevent a potential crash in the gilt market came in the form of a pledge to make unlimited purchases of long-dated bonds. And while it has stabilised markets to some extent, the $16.6 billion multi-strategy manager, whose main hedge fund is up about about 7.8% this year, believes the value of sterling is still at risk.
The report cites
Up-market pet-food and treats manufacturer Freshpet has hired bankers to explore a possible sale of the business following pressure from activist investors including hedge fund Jana Partners, according to a report by Barron’s.
Jana Partners, acquired a stake of almost 20 per cent in the business last month, and as well as a potential sale, wants the business make changes to boost its stock price.
The report cites a regulatory filing as revealing that Jana Partners believes that Freshpet’s shares are undervalued currently and represent an attractive investment opportunity.
Thym filling says that Jana Partners: “intends to have discussions with
Digital asset investment products saw inflows totalling $10.3 million last week representing the third week of inflows, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. The flows remain low implying continued hesitancy amongst investors.
Bitcoin saw a third week of minor inflows totalling $7.7 million while short bitcoin resumed inflows with $2.1m.
Ether saw a second week of inflows totalling $5.6 million while short ether saw minor outflows totalling $0.9 million.
Last week saw broad negative sentiment for altcoins with outflows totalling $3.5 million.
Overbond, an API-based credit trading automation and execution service in the global capital markets, has entered into a data sharing and redistribution agreement with MTS BondsPro, a platform that offers access to liquidity and real-time execution on an anonymous, all-to-all order book.
Overbond will integrate certain MTS BondsPro fixed income price data to enhance the coverage and precision of its AI-generated fixed income data feeds and automated trading solutions, and MTS BondsPro clients will gain access to Overbond’s fixed income prices and liquidity-confidence scores.
Through its partnership with MTS BondsPro, Overbond AI will be able to integrate an additional
New hedge fund launches have plunged to the lowest level since Q4 2008 as according to the latest HFR Market Microstructure Report.
The estimated number of new hedge fund launches fell to only 80 in the second quarter of the year, a significant decline from the estimated 185 launches in Q1, representing the lowest launch rate since only 56 new funds launched in Q4 2008. In the trailing 12 months ending Q2 2022, an estimated 510 total new hedge funds have launched.
The number of hedge fund liquidations increased from the prior quarter, as an estimated 156 funds closed their
Teza Technologies, a global quantitative multi-strategy, multi-PM hedge fund manager with more than $500 million in assets under management, is opening its first European office in London.
The new office, which will serve as the headquarters of the firm’s expanding European investment operations, will be led by Dr James Chavin, who is joining Teza as President and will oversee Teza’s investment operations in Europe.
Following a strong period of performance and growth, Teza’s expansion into London seeks to better serve the firm’s growing investor base and facilitate increased participation in European markets. Teza’s existing European investor teams, hired earlier this
