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Sam Harland, the Tiger Global Management partner behind the hedge fund’s bet on used-car dealer Carvana Co, has left the firm, according to a report by Bloomberg.
Harland also took a lead in Tiger Global’s bets on Instant Teams, a remote talent marketplace, hiring platform WizeHire, and sales staff networking platform Bravado.
Phoenix-based Carvana’s shares are down more than 90 per cent from their high in August, leaving Tiger Global and other hedge funds facing big losses.
The report cites a regulatory filing as revealing that Carvana was Tiger Global’s eight largest position by market value at the end of
Bosonic, a decentralised financial markets infrastructure (dFMI) business, has appointed Yvo van Amerongen as client solutions director.
Van Amerongen will help to lead the recently announced Bosonic Cross-Custodian Net Settlement Working Group partnering with digital asset custodians globally. He will also support collaboration between the custodians and the institutional clients such as hedge funds, family offices, private banks, brokers and banks on the Bosonic Network.
Van Amerongen brings over 20 years of post-trade and custody experience to Bosonic, having previously held roles at BNP Paribas, Euroclear, Deutsche Bank, Clearstream and more recently worked at UBS on post-trade and custody
The Andurand Commodities Discretionary Enhanced Fund – commodities trader Pierre Andurand’s largest hedge fund at around $1 billion in managed assets – is up 162% so far this year, according to a report by Bloomberg.
The bumper gain comes on the back of an impressive 82% return in 2021.
Andurand’s older $750 million Commodities Fund meanwhile, is up 41.5% so far in 2022, while the newerAndurand Climate and Energy Transition Fund, which launched last summer, is up 14%.
The Bloomberg Commodity Spot Index, by comparison, has notched up a gain of 30% so far this year.
The Depository Trust & Clearing Corporation subsidiary, The Depository Trust Company (DTC), has successfully processed the US market’s first-ever, fully-automated voluntary reorganisation ISO 20022 instruction as part of its newly automated Voluntary Reorganisation service.
With the launch of this new automation, DTCC moves towards completion of its journey to fully automate the corporate actions lifecycle from end-to-end, helping clients reduce the rising costs and risks associated with the corporate action process.
In recent years, the corporate events process has become increasingly complicated due to the rise in popularity of financial instruments including securitised derivatives and structured equities – both
FinhavenTM Private Markets has launched Canada’s first securitised NFT – Stardust Music Video NFT (Stardust NFT), an asset owned by bKREATIV Productions Ltd.
The NFT is currently being offered to Canadian accredited investors through Finhaven Private Markets (operated by Finhaven Capital Inc, a subsidiary of Finhaven Technology Inc) in increments of CAD1,000 for a total value of CAD2 million CAD (the “f-NFTs”).
Stardust Music Video is an award-winning music video (Los Angeles Film Awards and New York Movie Awards) and the first in the line of eight videos which will form a soundtrack for Black Rose TV Series (Black Rose).
Apex Group is to acquire ZASMalta (ZAS), a specialist provider of regulatory compliance and risk management services.
Tiger Legatus, a hedge fund backed by Tiger Fund Management legend Julian Robertson, has brought the curtain down on 13 years of trading following the worst ever start to a calendar year for equity funds, according to a report by The Financial Times.
The New York-based fund, which was founded by former Viking Global Investors trader Jesse Ro is said to have informed investors by letter of the decision to cease operations and return capital.
The FT reports that equity funds have lost an average of 8 per cent in the first five months of 2022, recording worst performance than
Speculation is growing about the financial standing of hedge fund Three Arrows Capital following a cryptic tweet by the firm’s founder, according to a report by Bloomberg.
Former Credit Suisse (SIX:CSGN) Group AG trader Zhu Su tweeted from his verified account saying: ““We are in the process of communicating with relevant parties and fully committed to working this out”, without providing any further details or context.
The firm is reported to have been liquidating crypto positions in recent weeks its including exposure to staked ether (stETH).
Buoyed by strong returns last year, investors started 2022 with a positive outlook, despite clear expectations of rising volatility. But with inflation looking more persistent than expected, the war in Ukraine continuing to ripple, and the impact of Covid-19 lingering, investors are turning to alternative asset classes to hedge against these risks and seek uncorrelated sources of return.
Prometheus Alternative Investments, a Los Angeles-based fintech social marketplace providing institutional-quality information, insights, and alternative investment opportunities, has launched a new social network and digital fund marketplace.
Prometheus allows investors of all types to connect with leading investment professionals through their in-platform social accounts. Investment professionals can create exclusive and compliant content, giving any investor access to quality investment insights and a chance to learn right from the professionals. By reaching new audiences, Prometheus’ in-platform social network democratises access to thought leaders and investors for all to access and learn.
Additionally, Prometheus Marketplace offers accredited investors, family offices, and wealth
