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FundRock Distribution, an independent UCITS management company and AIFM investment fund manager has opened a new office in Amsterdam.
Galaxy Digital founder and CEO Mike Novogratz believes that the current market downturn means that two thirds of hedge funds that invest in cryptocurrencies and digital assets are destined to fail, according to a report by Bloomberg.
The report quotes comments made by the former Fortress Investment Group hedge fund manager at the recent Piper Sandler Global Exchanges & Brokerage Conference in New York.
Novogratz though remains optimistic about Galaxy Digital’s prospects despite a ‘catastrophic loss’ from last month’s collapse of the Terra blockchain and is planning to continue with its expansion plans while rivals are laying off staff.
ETC Group, Europe’s leading specialist provider of institutional-grade, digital asset-backed securities, has appointed Enigma Securities, a full-service international financial services firm for digital assets liquidity and advisory, as an Authorised Participant.
ETC Group has an ongoing process to identify and add to its range of liquidity partners, to constantly build on trading quality for its product suite. Enigma Securities will facilitate note share creation and redemption process for ETC Group’s products, leveraging its existing operational and regulatory infrastructure in cryptocurrency securities.
BlockFills, a global digital asset financial services, technology and trading firm, is to list cryptocurrency derivatives products from CME Group on its trading ecosystems.
The new offering will solve a crucial market access problem for institutions and professional traders, enabling these groups to benefit from margin efficiencies of trading cryptocurrency derivatives from CME Group alongside spot crypto and other digital instruments, thereby allowing use of their available margin across one master account.
BlockFills customers can expect trading to be unveiled via beta form in the third quarter (Q3) of 2022. The trading offering will then be available for global
Crispin Odey has wiped out years of losses at his Odey European Inc hedge fund so far in 2022 with the fund up 110% since the turn of the year, according to a report by BNN Bloomberg.
The report cites an investor document as revealing that the fund was up 14% alone in May, with this year’s gains coupled with a 54% uplift last year propelling the fund back to a level last seen in 2015.
Having reached its high watermark, the fund can once again begin charging incentive fees.
The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure for the global financial services industry, has outlined enhanced resilience measures that financial firms should consider adopting to ensure the continued safety of the financial markets amid an increasingly complex technology landscape.
As DTCC outlines in a new white paper, “The Power of Technology Resilience: A Framework for the Industry,” the twin dynamics of firms moving their infrastructures to virtual environments including the cloud, and adopting new and innovative technologies at a rapid pace, can introduce new types of risk. This evolution has reinforced the need for firms to
The Managed Funds Association, which represents 150 of the world’s leading global hedge funds, with nearly $2.6tn AUM, has made a complaint (against the London Metal Exchange (LME) over the recent suspension of nickel market trading.
Jennifer W Han, Executive Vice President, Chief Counsel, and Head of Global Regulatory Affairs at Managed Funds Association (MFA), said: “The LME has undermined confidence in its ability to oversee markets by failing to perform its regulatory obligations to maintain an orderly market, manage conflicts of interest and protect investors in the nickel market. As an important provider of liquidity in the metal markets,
Digital asset investment products saw inflows totalling $100 million last week, according to the latest CoinShares Digital Assets Fund Flows wWeekly report, despite crypto prices range trading.
Bitcoin saw inflows totalling $126 million last week, bringing total inflows year-to-date to just past the half a billion mark at $506 million. Short bitcoin saw inflows too, totalling $1.3 million last week.
Ether continues to suffer, with another week of outflows totalling $32 million. Ether has endured nine straight weeks of outflows implying enduring negative investor sentiment.
Former Citadel analyst Gregory Blotnick has been sentenced to over four years in prison by a federal judge in Newark, New Jersey, after claiming $4.6 million fraudulent Covid relief loans for his start-up hedge fund Brattle Street Capital LLC, according to a report by BNN Bloomberg.
In addition, 35-year-old Bltnock has been ordered to pay $4.6 million restitution after most of the funds were lost on the markets.
Blotnick, who worked at Citadel for less than a year, pleaded guilty in October to submitting 21 fraudulent loan applications to 13 lenders under the US Paycheck Protection Program of the March 2020 covid stimulus bill.
The SBAI, an active alliance of institutional investors and alternative asset managers, has published guidance on Responsible Investment in Insurance Linked Strategy Funds.
The SBAI and its Responsible Investment Working Group has previously published a Responsible Investment Policy Framework, and this new guidance forms part of an alternative investment strategy toolkit designed to supplement this framework. Additional guidance on Equity Long/Short, Credit, Macro and Systematic strategies can be found in the SBAI Responsible Investment Toolbox.
Dedicated RI approaches within ILS are in their infancy and often do not fit neatly into regulatory or industry-based reporting frameworks. As with many other
