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David Einhorn, founder of hedge fund Greenlight Capital, has written to investors to inform them that the fund has acquired a new stake in Twitter at an average price of $37.24 per share, according to a report by Reuters.
Digital asset investment products saw inflows totalling $81 million last week, the fifth consecutive week of inflows totalling $0.53 billion, according both latest Weekly Fund Flows report from CoinShares.
July represents the strongest monthly inflows so far this year totalling $474 million, almost correcting all of the June outflows which totalled $481 million.
Bitcoin saw inflows totalling $85 million last week while short-bitcoin saw outflows totalling $2.6 million, the first week of outflows after the recent bear market saw a five-week run of inflows.
A new study by Barclays suggests that when it comes to hedge fund fees and returns, it really is case of you get what you pay for, according to a report by Bloomberg.
Recent research by Barclays’ Capital Solutions Group, looking at the fees and returns from around 290 hedge funds, reveals that the firms that charge the highest fees – quite often the industry’s biggest names – generate better returns for investors than cheaper rivals.
Top off the pile in terms of performance are multi-manager funds, which use groups of traders to invest across markets, and the study found
Dan James has worked on the sell-side. He’s worked on the buy-side. And now, he’s morphing into the man to know for a job in hedge funds.
The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) have published The T+1 Securities Settlement Industry Implementation Playbook.
The Playbook outlines a detailed approach to identifying the implementation activities, timelines, dependencies, and risk impacts that market participants should consider to prepare for the transition from the current trade date plus 2 days (T+2) settlement cycle to a trade date plus one day (T+1) settlement cycle. Deloitte & Touche LLP was engaged by SIFMA and ICI to assist in the drafting of this Playbook.
The Playbook was developed
Cryptocurrency exchange Bybit has launched a new structured product Bybit Shark Fin for all users on 1 August, 2022.
Bybit Shark Fin is a low-risk, principal protected structured product that affords better capital protection to users as they reap profit. Users deposit their funds into the product and receive a yield based on the performance of the strategy. The underlying strategy utilises up-and-out call options to generate the yield.
This means users of Bybit’s ultra-fast trading platform — processing up to 100K transactions per second — can deposit stablecoins, such as USDT or USDC, to earn attractive yields with
Broadridge Financial Solutions has partnered with Blue Ocean Technologies (BOT), a capital markets fintech focused on global after-hours trading. The deal sees Blue Ocean ATS (BOATS) integrate with Broadridge’s NYFIX order-routing network to offer clients untapped, after-market access to US equities.
Blue Ocean ATS operates an alternative trading system that replicates a daytime trading experience with electronic access, transparent price discovery, regulatory requirements, and clearing and settlement processes while overlapping significantly with Asia Pacific business hours.
Blue Ocean Technologies will benefit from Broadridge’s VeriFIX solution, allowing Blue Ocean to simulate FIX order flow in a non-production environment, and Broadridge’s
A trio of federal judges in Washington have ruled against Citadel Securities in a case against the US Securities and Exchange Commission over its approval of the IEX’s D-Limit order type. According top a report by Bloomberg.
UBS has appointed Blake Hiltabrand as global head of its single manager hedge fund boutique UBS O’Connor, with Bernard (Bernie) Ahkong and Casey Talbot being appointed as co-CIOs of the flagship Global Multi-Strategy portfolio.
The three appointments comes as Kevin Russell is set to step down as head and CIO of UBS O’Connor and leave the firm towards the end of the year after a successful 29-year career in the industry, including seven years at UBS.
Effective 1 October 2022, Hiltabrand, co-head of Event Driven Strategies and co-portfolio manager of UBS O’Connor’s Merger Arbitrage and Event Driven strategies, will become
The Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined KTF Capital Management Limited (KTFCM) (formerly known as Forchn International Asset Management Co Limited and Rega Technologies Limited) HKD400,000 for failures to comply with the Securities and Futures (Financial Resources) Rules (FRR).
