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The current uncertainty surrounding digital assets hedge fund Three Arrows Capital has prompted Finblox a platform that offers traders 90 per cent annualised yields for lending out – staking – their cryptocurrencies, to introduce a $1,500 monthly withdrawal limit and pause rewards, according to a report by CoinDesk.
HSBC Asset Management (HSBC AM) is creating a new unit, the Capital Solutions Group (CSG), to sit within its alternatives business, HSBC Alternatives.
The CSG will raise funds and create bespoke offerings in private and sustainable assets delivering flexible capital solutions for both institutional and wealth clients of HSBC Asset Management.
The CSG will become a new horizontal within HSBC Alternatives, collaborating with the existing investment capabilities of indirect alternatives, private credit, venture capital and real assets, to develop and scale solutions for both issuer and investor clients.
Borja Azpilicueta will lead CSG and move to HSBC AM
The net asset values of several funds run by Dan Bin’s Shenzhen Oriental Harbor Investment Management Co – one of China’s best known money managers – have shown a sudden rise in volatility indicating that the firm may be rebuilding positions after liquidating almost all of its holdings earlier this year, according to a report by Bloomberg.
Cryptocurrency hedge fund Three Arrows Capital has failed to margin calls for extra cash from lenders after a series of bets on digital assets backfired, according to a report by The Financial Times.
Three Arrows has become the lates victim of the cryptocurrency credit crunch falling big falls in the value of former star performers including bitcoin and ether. The Singapore-based firm is one of the biggest players in the cryptocurrency investment space and is active on both lending and trading platforms.
The report cites BlockFi, as US-based crypto lender, as one of the companies to liquidate – by mutual
Citi and Bank of America, joined by Credit Suisse, Goldman Sachs, JP Morgan, Morgan Stanley, Wells Fargo, and Moody’s Analytics, have launched Octaura Holdings (Octaura), an independent company whose goal is to create the first open market electronic trading platform for syndicated loans and collateralised loan obligations (CLOs).
Built in collaboration with Genesis Global, the low-code software development platform for financial markets, Octaura aims to provide comprehensive trading solutions with natively integrated data and analytics. The Octaura venue for loans will launch first, with the CLO trading venue to follow. The company then plans to expand to other products in
Hedge fund returns improved month-on-month in May, however, they remained in negative territory amid persistent market volatility, according to the latest monthly Hedge Fund Report from the Citco group of companies (Citco).
Ray Dallio’s Bridgewater Associates is now the biggest short-seller of European stocks having place bets of at least $6.7 billion against European companies, according to a report by Reuters.
The report cites data group Breakout Point for the data that suggest that the hedge fund is pessimistic about the outlook for European stocks, although the trades could also be part of a hedging strategy.
The bets includes a $1 billion wager against semiconductor company ASML Holding, $752 million position against energy company TotalEnergies, and a $646 million bet against drugmaker Sanofi.
Using Bridgewater’s public disclosures, Breakout Point calculated that the
BlockFills, a global digital asset trading and financial technology company, has partnered with TPAC Capital (TPAC) to offer institutions cryptocurrency structured product solutions.
TPAC is the cryptocurrency joint venture of Pack Creek Capital and Finance Michigan, Inc, both commodities industry specialists.
BlockFills will be one of the few global digital asset electronic trading firms to offer institutions with tailored cryptocurrency structured product options. In addition, institutions like banks, hedge funds and others in the financial services sector will have the opportunity to offer structured product solutions for their clients through this partnership.
Customised structured product solutions help institutions
Institutional investors are often on the front-line of investment into new asset classes and lead the way in terms of strategy. However, they can also be large and unwieldy organisations which don’t easily lend themselves to operational innovation.
Over 80% of hedge fund start-ups say securing allocator capital is the biggest barrier they face, as new Hedgeweek research unearths a nervousness about the current capital raising environment.
