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Digital asset investment products saw inflows totalling $3m last week marking the sixth consecutive week of inflows that total $529m, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
The steps into crypto being made by traditional financial firms are not only driven by the so-called fear of missing out, but these moves can also be seen as a bid to improve profitability and make investments go further. Also, as trading platforms decrease in number, trust will be critical to success in the space.
Hedge funds’ capital-raising activities in Europe could be hindered by new rules impacting the pre-marketing process under changes to the EU’s Alternative Investment Fund Managers Directive, industry practitioners warn.
TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has released a full suite of Thai Overnight Repurchase Rate (THOR) analytical data enabling customers to better view the changing Thai Baht market.
SoftBank Group Corp”s Vision Fund unit has posted a Q2 loss of $17 billion (JPY2.33 trillion) on the back of a steep decline in the value of its portfolio of tech stocks, according to a report by Al Ja Zeera.
In May, Vision Fund posted a record loss as rising interest rates and global political uncertainty caused high levels of market volatility in the tech sector, resulting in a group Q2 loss of $23.4 billion. That compares with a profit of $563.75 million in the same period a year earlier.
Falling listed investments in the last quarter include robotics firm
Senate Democrats have a provision in forthcoming US climate and tax legislation that would allow the carried rate interest loophole to be closed or at least narrowed, according to a report the New York Times.
Rishi Kohli has been appointed as as chief investment officer-hedge fund strategies at InCred Alternatives Investments Pvt Ltd, the alternative assets arm of InCred Group, according to a report by Mint.
In his new role, Kohli, a hedge fund veteran with owe 21 years of experience in Indian capital markets, will assume responsibility for leading InCred’s first quant fund with the firm having already made forays into long-short equity, venture capital, and structured credit investing.
Prior to joining InCred, Kohli was associated with Avendus having launched India’s first quantitative hedge fund in 2007, and the first systematic managed futures fund
Brevan Howard Asset Management’s BH Digital division has raised over $1 billion in assets for investment in cryptocurrencies and digital assets, according to a report by The Times Hub.
The report cites unnamed sources as saying that the Brevan Howard Digital Asset Multi-Strategy Fund’s performance has been “incredible” since launching at the beginning of the year. The fund, which is down between 4-5%, uses algorithmic trading and relative value trades with 10% of assets allocated to venture investments and the remaining 90% to cryptocurrencies.
BH Digital is planning a $1.5 billion AUM target for the which Brevan Howard Digital Asset
Latitude Investment Management, a London-based boutique investment partnership with £400m assets under management, has expanded its investment team with the appointment of Mike Totton as a senior analyst.
Totton joins from Liontrust Asset Management. Prior to this, he spent nine years at Majedie Asset Management where he was a portfolio manager and analyst within the UK equity teams. He has also previously held roles at Deloitte and the Royal Bank of Scotland between 2009-13.
Totton will work across both the multi-asset Latitude Horizon Fund and the Latitude Global Fund – the firm’s concentrated global equity portfolio.
EEX’s European Power Spot market achieved a trading volume of 50.5 TWh in July with the Intraday markets increasing by 8% to a total volume of 10.8 TWh.
The EEX European Power Derivatives market reached a volume of 241.2 TWh with increases in various markets: Italian Power Futures (+32%), Dutch Power Futures (+130%), Austrian Power Futures (+71%) and Swiss Power Futures (+1,060%). Power Options also increased by 168% to a volume of 3.5 TWh.
The US Power market, operated by Nodal Exchange, reached a trading volume of 128.4 TWh which marks an increase of 32%.
EEX Group’s global Natural
