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Investors are queuing up to withdraw assets from SkyBridge Capital’s flagship hedge fund amid the current market downturn, according to a report by The New York Times.
The firm, founded by Anthony Scaramucci, is reported to be facing a mass exodus of investors from the SkyBridge Multi-Adviser Hedge Fund Portfolios, which in March 2022 held over $2 billion in assets. Investors are said to be be looking to withdraw around $890 million from the fund – about half of its current assets – but many will be unable to do so due to the firm’s policy of capping redemptions during
Hedge fund Brevan Howard has added another in-house talent scout as it continues its London recruitment drive, according to a report by eFinancial Careers.
New recruit Harry Simons, a former headhunter at Heidrick & Struggles, has been given a mandate to hire portfolio managers across global macro. He will reportedly be working alongside other recruitment focused staff including head of business development Tim Williams, who joined the firm in 2019 to recruit portfolio managers across Europe, and Angela Tovey-Stewart who joined in May 2022, with a remit to fill non-PM roles in London.
Brevan Howard which, according to its website,
Ashley Wilson, head of the prime brokerage division at BNP Paribas, has quit the firm to join rival company UBS Group AG, according to a report by Bloomberg.
Wilson, who joined BNP Paribas as part of a 2019 deal that saw the firm acquire clients and technology from Deutsche Bank AG, is a veteran of the prime brokerage business which lends cash and securities to hedge fund clients and executes their trades.
Before joining Deutsche Bank and then BNP Paribas, Wilson worked at Morgan Stanley and Barclays Plc. At Deutsche Bank he elped oversee large trades that allowed them firm
AEGIS Hedging Solutions’ (AEGIS) application to form a registered Swap Execution Facility (SEF) has received final approval from the Commodity Futures Trading Commission (CFTC).
AEGIS SEF, a regulated subsidiary of AEGIS, enables compliant, efficient, and transparent execution of hedging transactions for companies managing commodity price risk.
The Dodd-Frank Act introduced regulations to improve transparency in swap transactions, including requirements to execute certain transactions on SEFs. The CFTC clarified, via Staff Advisory 21-19, conditions that require certain Commodity Trading Advisors and Introducing Brokers to execute hedging transactions on SEFs.
AEGIS SEF is the first swap execution facility approved since these clarifications.
Investing in technology to better optimise data and modernise data management are the top priorities for financial services firms according to new research by global Fintech leader, Broadridge Financial Solutions.
Led by gains in Macro, CTA, Risk Mitigation and Commodity strategies, the HFRI Macro (Total) Index gained +14.2 per cent in the H1 2022, topping the decline of the S&P 500 by 3300 bps and the Nasdaq Composite Index by nearly 4400 bps as US equity markets experienced the worst H1 of a calendar year in over 50 years.
Digital token trading platform Bitfinex has enabled its users to deposit and withdraw tether tokens (USDt) on Tezos, a decentralised open-source blockchain that can execute peer-to-peer transactions and serve as a platform for deploying smart contracts.
The launch of USDt on Tezos is the twelfth blockchain on which USDt is available, adding to Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Kusama, Polkadot, Tron and Solana.
Tezos has seen a significant increase in usage year-over-year and was listed among the largest developer ecosystems, according to the annual Electric Capital Developer Report. Tezos, well known for
NS Partners, which manages or administers some CHF11 billion in assets across wealth management, discretionary and advisory management, and a ManCo offering, has chosen MJ Hudson’s RiskMonitor platform to provide a customisable Liquidity Stress Testing solution.
The collaboration between NS Partners and MJ Hudson enables independent stress-testing and enhanced liquidity risk oversight via the RiskMonitor Liquidity solution which tests whether funds can satisfy redemption terms based on multiple stress and redemption scenarios.
The platform handles complex underlying assets and delivers board friendly reporting to support compliance with regulations and internal governance requirements.
Man Group has named chief operating officer (COO), head of ESG, and general counsel Robyn Grew as its new president. Grew succeeds Shanta Puchtler, who is retiring, according to a report by Pension and Investments.
The report cites an internal memo signed by Man Group CEO Luke Ellis for the information. As part of her appointment, New York-based Grew will assume responsibility for both Man Solutions, which creates and runs customised cross-engine investment programmes across the group’s five investment units, as well as Man FRM, Man Group’s hedge fund investment business.
Central trading and bank relationships, including those with prime
SkyBridge Capital, the investment firm founded by Anthony Scaramuci, is to launch a new fund focused on investments in Web3 and the cryptocurrency space, according to a report by BusinessInsider.
