Latest News
Sam Trabucco, the co-CEO of Alameda Research, a crypto hedge fund set-up by Sam Bankman-Fried in 2017 before he went on to found crypto exchange FTX, is stepping down after just a year in the role, according to a report by Fortune.
Trabucco tweeted this week that he had found other things “more worthwhile to do with my time than give it to Alameda”.
Alameda is a quant fund that trades thousands of different digital asset products, including crypto coins and their derivatives, with an average volume of roughly $5 billion every day.
Recently the fund has been named as
The liquidators of Three Arrows Capital (3AC) have been given the go-ahead to launch a probe into collapsed crypto hedge fund Three Arrows Capitalo a report by Bloomberg.
SDX Web3 Services, a newly launched business unit from SIX Digital Exchange, is now live with its non-custodial ether staking service.
This service enables reliable and secure management of ether validator nodes through a fully managed, API based infrastructure.
The service is tailored to institutional clients who need to scale their ether staking capabilities. This new offering is a straightforward and secure way to launch new validators and generate yield from staking. SDX Web3 Services is already signing its first client for this non-custodial staking service in the private wealth sector in Switzerland.
The Ethereum network is improving the security
Options Technology, a Capital Markets services provider, has achieved VMware Cloud Verified status in NJ2 Weehawken.
The accomplishment follows the VMware Cloud Provider Principal Partner Status awarded to the firm last year, along with Cloud Verified status at PRDC, LHC, LD4 and NY5 sites.
Cloud Verification assures that a partner is validated to expertly deliver cloud Infrastructure-as-a-Service across VMware’s best-in-class network, storage, and compute solutions to meet individual client needs specifically.
It also enables customers to achieve unmatched levels of consistency, performance, and interoperability for traditional and containerised enterprise applications based on the most advanced VMware cloud technologies.
Concerns over political instability in Italy have prompted hedge funds to ramp up their bets against the country’s government bonds to the highest monthly level seen since the global financial crisis, according to a report by the Financial Times.
The report cites data from S&P Global Market Intelligence as revealing that investors have borrowed bonds worth more than €39 billion this month as they bet on a fall in prices due to the ongoing political uncertainty and economic turmoil caused by the surge in European natural gas prices following Russia’s invasion of neighbouring Ukraine.
Italy enjoyed a period of relative
Allocations to hedge funds are likely to increase in the second half of the year, while higher-risk venture capital and private equity allocations are likely to suffer, according to Preqin’s H2 2022 Investor Outlook report.
Floating Point Group (FPG), a cryptocurrency prime brokerage with an institutional trading desk and settlement platform, has appointed Peter Eliades, former JP Morgan and Wells Fargo banking executive as head of distribution.
Eliades joins a predominately technical and crypto-native leadership team.
With over two decades of finance experience, including leading Wells Fargo’s Electronic Sales and Coverage and Head of Americas Trading for JP Morgan. Eliades brings an elite institutional knowledge to his role with FPG. Eliades will oversee sales and business development teams in the US and APAC regions, reporting to co-founder Kevin March.
The appointment continues FPG’s rapid growth
As investors turn to hedge funds for portfolio insulation during market turmoil, commodities-focused strategies and event driven managers look to navigate fresh market volatility amid a worsening economic outlook.
As the H1 inflation surge pushes central banks to hike interest rates, seismic shifts in bonds, commodities and currencies brought stellar returns for some.
The first-half stock market slump caught hedge funds off-guard, but most long/short managers remain confident they can ride out the storm.
