Latest News
Hedge fund short sellers have again been betting against fashion retailers Asos and Boohoo following an investigation into greenwashing at the two companies by the Competition and Markets Authority (CMA), according to a report by Charged.
The Managed Funds Association (MFA), a trade association for the global alternative asset management industry, has submitted a comment letter to the US Securities and Exchange Commission (SEC) in response to its proposed rule to enhance disclosures of ESG investment practices by investment advisers.
Dragonfly, a venture capital firm focused on the cryptocurrency and digital assets space, has acquired crypto hedge fund MetaStable Capital, as it looks to expand its web3 strategy, according to a report by NFTGators. Financial terms of the transaction have not been disclosed.
Wall Street Horizon, a provider of corporate event data, has launched the LERI (Late Earnings Report Index), aimed at traders and investors. The index allows investors to factor in the market intelligence derived from US companies releasing earnings later than their historical average, which typically signals negative news on the horizon.
The timing of a firm’s earnings release is one indicator of its financial health, according to findings from recent independent academic research. The LERI tracks how many off-trend earnings date confirmations are later or earlier than their historical norm. A reading over 100 demonstrates more companies are delaying reports
Third Point, the hedge fund run by Daniel Loeb, has disclosed a $1 billion stake in Disney and is pushing for a spin-off of the entertainment giant’s sports network ESPN, according to a report by Reuters.
Third Point also wants Disney to embark on a raft of other initiatives including implementing a share buy-back programme and appointing additional board members.
Shares in Disney jumped by as much as 2% when news of Third Point’s stake – which equates to about 0.4% of the business – emerged on Monday.
Loeb had previously exited a position in Disney during the market sell-off
OpenFin, the operating system of finance, has appointed Vicky Sanders as Chief Digital Officer. Sanders, an entrepreneur and experienced industry operative, will drive digital transformation across the company’s ecosystem of buy-side and sell-side institutions, along with the global vendor community.
The appointment is a strategic decision for OpenFin, aligning with its vision to unlock opportunities for its community of users, accelerate collaboration and further enable interoperability for the benefit of all industry participants. The appointment follows the recent announcement that ING Ventures invested $10million into OpenFin to accelerate the expansion of OpenFin OS throughout the financial industry.
As the roll-out of
L3COS, a blockchain based operating system, is to launch the world’s first ever fiat-on-chain with three initial currencies – GBP, EUR, and USD – all of which will be safeguarded with central banks.
In September 2022, L3COS will launch its closed loop, digital assets marketplace, enabled by fiat-on-chain (FoC) deposits and withdrawals. Every participant transacting on the L3COS platform will have a KYC/AML screened, unique and verified digital identity, allowing individuals, businesses, and governments to interact and trade in a safe and regulated way, on a global scale. This frictionless trade is facilitated using smart contracts and currencies of the
AirCarbon Exchange (ACX) has partnered with Eventus to launch a market surveillance program for the Voluntary Carbon Market. ACX will use the Eventus Validus platform for trade surveillance, transaction monitoring and anti-money laundering (AML) in its spot and forthcoming derivatives markets globally.
The VCM was created to drive financing activities that reduce greenhouse gas emissions globally.
Due to the emerging nature of carbon credits as an asset class, markets for carbon credits currently operate without the controls of more conventional financial instruments such as commodity derivatives. ACX launched in 2019 with a vision of bringing efficiency and liquidity to
Private funds, including hedge funds, could be made to report their spending on litigation finance under new rules proposed by the US Securities & Exchange Commission (SEC), according to a report by Bloomberg.
The proposed rule is reported to be part of a broader push to make the activities of hedge funds more open and transparent in a bid to protect investors and monitor systematic risk to the economy. Litigation funding has come onto the SEC’s radar as the sector has grown to a multi-billion dollar market.
DE Shaw & Co and Elliott Management Corp are among the high profile
Cigrek Capital has launched a fully-regulated, EU-based solution for managers of digital assets strategies seeking distribution to institutional investors. Cigrek’s solution has been designed specifically for managers of established digital funds who are seeking alternative distribution venues.
The new umbrella is based on a fully regulated AIF limited partnership structure and has 10 cells immediately available for use by fund managers. The structure has not previously been available for digital assets managers.
Fund managers will become advisers to the cells, which sit under the fully regulated umbrella. The service also includes an EU depositary. It addresses the need institutional investors have
