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Pershing Square Capital Management CEO Bill Ackman is backing the closure of a ‘loophole’ that allows private equity and hedge fund managers to reduce the rate of tax they pay on their fund investment profits, according to a report by Fortune.
In the past, billionaire Ackam has himself benefited from the rule that Democrats want to change as part of the $739 billion Inflation Reduction Act of 2022. And while many managers and the MFA have come out in opposition to the change, Ackman has said the current situation is a “stain on the tax code”.
Those in opposition to
Morgan Stanley SPAC banker and global head of alternative capital, Bennett Schachter, is quitting to join Elliot Investment Management, according to a report by Bloomberg.
OrBit Markets, an institutional liquidity provider in crypto options and structured products, has raised $4.6 million in an angel funding round led by Matrixport, a digital assets financial services ecosystem, with participation from Brevan Howard Digital, New Form Capital, Maven 11 and Westridge Markets in this oversubscribed round.
As the digital assets market evolves, more investors and DeFi users are exploring advanced options strategies for investment and yield enhancement, but few market makers are able to provide liquidity in these complex products. Even in traditional finance, such capabilities are concentrated in the hands of a few global investment banks. OrBit
News that hedge fund giant Citadel has built a 5% stake in Boohoo has boosted the online fashion retailer’s share price by 3.7%, according to a report by RetailSector.
Quasar Finance has raised $6 million from a range of leading investment firms, including Polychain Capital, Blockchain Capital, Figment Capital, Lightshift Capital and Galileo.
Despite a broader industry trend that saw hedge fund redemptions accelerate slightly in May to -$27.53 billion (-0.54% of industry assets), some hedge fund subsectors did manage to add to assets over the month, according to the latest Barclay Fund Flow Indicator published by BarclayHedge.
Bitfinex, a digital token trading platform is to provide free access to Santiment, a cryptocurrency analytics platform for researching on-chain data.
Santiment’s analytics tools are used by more than 2,000 hedge fund managers, retail customers, crypto project owners and Non-Fungible Token (NFT) creators. The service provides insights into cryptocurrency networks, blockchain-based projects, crowd sentiment and market behaviour. Now, building and executing data-driven trading strategies using on-chain data will become a native part of Bitfinex’s trading experience.
Starting from today, Bitfinex customers can obtain access to premium on-chain and social charts for more than 1,900 tokens without paying for a subscription.
Artisan Partners has launched a UCITS vehicle for the Artisan Emerging Markets Debt Opportunities Strategy. The strategy is managed by the Artisan Partners EMsights Capital Group, led by portfolio manager Michael Cirami, CFA, head of global trading Michael O’Brien, CFA, and portfolio manager Sarah Orvin, CFA.
Cirami will serve as lead portfolio manager and Ms. Orvin will serve as portfolio manager. The team also manages the Artisan Global Unconstrained and Artisan Emerging Markets Local Opportunities Strategies.
Each of the team’s three strategies offer broad exposure to the global and emerging markets debt asset classes, which consist of more than 100
Private equity and hedge funds have raised concerns over a US government plan to raise the level of tax on carried-interest income which could be damaging for both small businesses and big institutional investors, according to a report by Reuters.
Apifiny, a global cross-exchange digital asset trading network, has released Apifiny Algo V1.1, a crypto trading library in C++ for high frequency frading (HFT) and latency sensitive traders.
This solution fully supports futures trading, paper trading through Binance testnet, and has added Coinbase as an additional exchange, along with the launch of its Quant Library that allows investors to implement trading strategies with its ready-to-use components in the library.
With the release of QuantLib, Apifiny Algo V1.1 allows users to create trading strategies flexibly, while backtesting and live trading these strategies using a high-performance C++ trading engine. Traders can also
