Latest News
A CQS fund that invests across a rage of internal strategies at the London-based credit hedge fund firm, is to close following significant outflows, according to a report by the Financial Times.
The $20 billion firm, which was founded by billionaire trader Sir Michael Hintze and offers a range of funds that trade instruments including structured credit, convertible bonds, asset-backed securities and equities, is reported to have informed investors of its decision to wind down the CQS Diversified Fund earlier this week having seen assets shrink by roughly half to $388 million.
Hedge fund Balyasny Capital Management has added to its growing team with the appointment of former Goldman Sachs and JP Morgan technologists, according to a report by eFinancialCareers.
Berlin-based Swarm, a regulated multi-asset DeFi platform, has launched institutional-grade liquid staking tokens that can integrate into DeFi automated market maker (AMM) pools to generate additional yield in a protected environment.
Liquid staking tokens for Solana Network’s native token SOL are the first to be made available with Eth 2.0, DOT and AVAX to follow.
By using the liquid staking token structure on Swarm, an investor is exposed to the value of the underlying asset, can earn yield from validator fees and trade in and out of their position at any time, instead of having assets idling.
The tokens can
CLS, a financial markets infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, has appointed a new chair and five new members to its Board of Directors.
Gottfried Leibbrandt has been appointed as CLS’s chair, effective 17 May 2022, succeeding Ken Harvey, who retired after ten years as a member of the Board, eight of which as chair.
Leibbrandt has been a member of the Board since 2021. He was most recently Chief Executive Officer of Swift, a role he held from 2012 to 2019. Prior to this, he held several roles within Swift, including Head
Clarity AI, a Global sustainability tech platform Clarity AI’s sustainability data has been integrated into BlackRock’s Aladdin platform in preparation for the firm’s enterprise reporting for the Sustainable Finance Disclosure Regulation (SFDR) framework.
BlackRock will leverage Clarity AI capabilities, data, and expertise to facilitate efficient and accurate reporting on Principal Adverse Impact (PAI) indicators. PAI indicators are a set of specific ESG metrics mandated by the European Union as part of SFDR, which imposes granular sustainability disclosure obligations for asset managers and other financial market participants.
Clarity AI’s SFDR coverage encompasses more than 49,000 companies, and its capabilities allow for
Global crypto derivatives exchange Bitget has appointed Gracy Chen as managing director, with responsibility for Bitget’s growth strategies.
With presence in over 50 countries around the world, Bitget has been growing at pace. Earlier this year, the exchange’s derivatives trading volume reached an all-time high of $8.69 billion, representing a 300% growth when compared to the previous year.
Despite significant challenges in the hedge fund industry in 2021, such as the GameStop short squeeze, insurance companies still allocated nearly $1 billion to new hedge fund investments in 2021, according to a new AM Best report.
Options Technology, a provider of cloud-enabled trading infrastructure to the global capital markets, and Code Willing, a specialist in financial data management, have launched end-to-end data platform products Options Data Store and Quantify.
Options Data Store offers traders and researchers the ability to “try and buy” ready-to-use datasets without sourcing and storing large datasets. Data Store removes the complexity of capturing, normalising, and storing market data, enabling users to focus on alpha generation. Utilising a user-friendly GUI, data is made available in multiple formats, including ID mapped using a proprietary multi-asset security master.
The datasets are accompanied by information and
Hedge fund redemptions accelerated in March totalling -$35.37 billion (-0.70% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
An $18.24 billion trading gain for the month combined with new entrants to push total hedge fund industry assets to $5.14 trillion as March ended.
A majority of hedge fund subsectors tracked posted net redemptions in March. Subsectors bucking the redemption trend to post monthly inflows were led by Multi-Strategy funds, adding $3.89 billion. Others subsectors attracting new assets during the month included Sector Specific funds with $2.31 billion in inflows; Merger
Acrisure, a Fintech specialist that operates a top-10 global insurance broker, has closed a $725 million in Series B-2 Preferred Equity funding at a $23 billion valuation, representing a 31% increase from its last preferred equity raise in March 2021.
A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) led the round, with participation from Guggenheim Investments on behalf of certain clients and Oak Hill Advisors (OHA).
The new funding will allow Acrisure to continue pursuing value-accretive acquisitions, grow its tech enabled solutions, increase marketing and brand awareness, and invest in human and technological infrastructure to support industry‑leading
