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Hedge funds are continuing to up their bearish bets on higher US bond yields and signs are emerging that the size and pace of this collective wager is reaching extreme levels according to a report by Reuters.
The report says the latest Commodity Futures Trading Commission report – the first snapshot of investor positioning since Fed chair Jerome Powell’s Jackson Hole commitment to get inflation back on target – shows funds increased bearish bets on Treasuries across the curve.
Net short position in two-year futures are up to 281,600 contracts from 241,143 contracts, the biggest bearish bet on two-year bonds
Hedge funds including Renaissance Technologies, DE Shaw, and Bridgewater bought stock in Berkshire Hathaway worth more than $900 million in the second quarter of the year, according to a report by The Financial Times.
The report cites securities filings as revealing that quant funds dominated the list of shareholders adding to their holdings in Warren Buffet’s conglomerate during Q2 with the computer-driven investment groups reportedly seeing Berkshire Hathaway’s shares as relatively inexpensive based on its earnings compared with many other companies.
The funds have primarily purchased Berkshire’s class B stock, which carries fractional economic and voting rights compared with A
New fintech Private Markets Alpha (PM Alpha) has launched an online digital platform aimed at dramatically improving access to private markets for the global wealth management industry. The business has so far raised close to £1 million through private fundraising.
PM Alpha is aiming to popularise private markets investment to a wider investment base by enabling better access for wealth managers to the best private markets managers.
The company is building a digital community of wealth managers, asset managers and private markets fund managers by supporting them with a platform which offers a full range of exclusive private
The Securities and Exchange Commission has adopted two amendments to the rules governing its whistleblower programme. The first rule change allows the Commission to pay whistleblowers for their information and assistance in connection with non-SEC actions in additional circumstances, while the second rule affirms the Commission’s authority to consider the dollar amount of a potential award for the limited purpose of increasing an award but not to lower an award.
Specifically, the SEC amended Rule 21F-3 to allow the Commission to pay whistleblower awards for certain actions brought by other entities, including designated federal agencies, in cases where those awards
Haidar Capital’s Haidar Jupiter Fund saw a gain of 29.6% in the four weeks to 26 August, taking returns so far this year to over 225%, according to a report by Bloomberg.
The report says that Haidar is among a group of macro trading firms which specialise in predicting economic trends and betting across asset classes, that are currently cashing in on attempts by central banks to take soaring inflation rates.
According to a letter to investors, most of Haidar’s gains through July came from profitable fixed income and commodities bets.
The report cites an investor document as revealing that
Neil Phillips the co-founder of London-based hedge fund Glen Point Capital has been charged with conspiracy to manipulate the US dollar-South African rand money markets to trigger a $20 million payout, according to a report by Reuters.
Philips, 52, was arrested in Spain earlier this week after he was indicted in a Manhattan court on criminal charges of conspiracy to commit commodities and wire fraud, commodities fraud, and wire fraud.
The charges date back to December 2017 when prosecutors allege Phillips directed a Singapore-based employee of an unidentified bank to sell $725 million in exchange for more then ZAR9 billion
Onramp Invest, a crypto management solution providing access to crypto assets for registered investment advisors, is to join the Bosonic Network, a decentralised Financial Market Infrastructure (dFMI) business.
This latest addition to Bosonic’s growing institutional client base supports the Wealth segment, providing safety and transparency for their underlying clients in digital asset markets.
The Bosonic Network connects institutional clients to leading institutional-grade Digital Asset Custodians and Liquidity Partners, enabling secure access to the digital assets markets and delivering a market leading layer-2 blockchain for payment versus payment settlement which eliminates counterparty credit and settlement risk.
By joining the
The US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are calling for comments on a proposed rule change that would require large advisers to certain hedge funds to report their exposure to cryptocurrencies.
A 40-day comment period is now underway after the proposed change to the current Form PF reporting requirement was published to the Federal Register on 1 September.
The change was first proposed on 10 August with the CFTC and SEC citing recent growth in both the hedge fund industry and cryptocurrency investing in generals as the reason for amending the existing rules.
Apex Group has acquired Modal Group’s alternative fund administration business in Brazil (MAF), having received full regulatory authorisation from the Brazilian Central Bank.
FX HedgePool, a peer-to-peer matching platform for institutional foreign exchange transactions, has raised $8 million in a Series A funding round led by Information Venture Partners (Information VP), with participation from Fidelity International Strategic Ventures (FISV) and NAventures, National Bank of Canada’s corporate venture capital arm.
