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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
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
