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A combination of increased regulatory checks, government policy uncertainties and a slowing economy are prompting some Asian hedge funds to cut their exposure to offshore Chinese assets in favour of non-China stocks, according to a report by Reuters.
Bitfinex, a state-of-the-art digital token trading platform, will be supporting the Ethereum Merge enabling customers to enjoy a seamless transition as Ethereum undergoes its most significant software upgrade to date.
Aquis Exchange, the pan-European large and mid-cap equities trading arm of Aquis Exchange, has launched a European dark trading venue, the Aquis Matching Pool (AMP) EU.
This marks the expansion of Aquis Exchange’s dark trading service, which was previously only available as a UK venue, and complements its existing suite of cost-effective, low market-impact order books and trading services. It is anticipated that this will result in increased trading flow, market share and subsequent revenue for the MTF business.
Furthermore, Aquis Exchange anticipates completion of the migration of its existing UK dark pool (UK AMP) onto its in-house technology on
Bybit, a crypto exchange in the market to offer USDC options trading, is expanding its range of crypto options to include ether (ETH) and solana (SOL) contracts. This comes after debuting its first-in-market, USDC-settled citcoin (BTC) contracts earlier this year.
Copper.co, a provider of digital asset custody and trading infrastructure, has appointed Tim Neill as chief risk officer. Neill, who will be reporting to Copper’s Chief Operating Officer, Sabrina Wilson, joins the firm from Mastercard and his appointment begins with immediate effect.
Neill has over 20 years’ experience in operations and risk, with a focus on payments, open banking, financial services and technology, latterly at Mastercard where he was chief risk officer for their new payments platforms division and head of risk for product and engineering, covering new payments platforms, digital banking and CBDCs.
Neill is a board member of Vocalink
Bocom International Holdings’ former China strategist Hong Hao, who resigned earlier this year, is to join GROW Investment Group as its chief economist. Hong is to open the Shanghai-based hedge funds group’s first Hong Kong office and will focus on poffshore allocation strategies for wealthy investors.Hong is to open the Shanghai-based hedge funds group’s first Hong Kong office and will focus on poffshore allocation strategies for wealthy investors.
Hong will also serve as GROW Investment Group’s research chief.
GROW a global asset management company with a focus on high net worth individuals, was founded in June last year by a group
Marshall Wace has taken a €90 million short position against Kerry Group, one of Ireland’s largest and most successful companies, according to a report by Business Post.
The report cites stock exchange filings as revealing that the London-based hedge fund, which was founded in 1997 by Paul Marshall and Ian Wace, has shorted 0.5 per cent of Kerry’s stock, which at the firms currently share prince of €100, equities to just shy of €90 million.
Food inflation and supply chain problems triggered by geopolitical shocks including Brexit and Russia’s invasion of neighbouring Ukraine, have contributed to a fall in Kerry’s
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
