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Graham Capital founder Kenneth Tropin believes hedge funds are currently experiencing the best conditions for trading bonds and currency markets since the global financial crisis of 2008, according to a report by The Financial Times.
Graham cites high levels of inflation and supply chain bottlenecks for the creation of favourable conditions that are allowing macro managers to benefit as central banks rapidly raise interest rates to combat surging inflation.
“I can’t recall a more interesting time to be a macro investor since the financial crisis. We’re finding a lot of opportunities,” Tropin is quoted as saying in an interview with
Hedge fund manager Elliott Associates has launched a $456 million lawsuit against the London Metal Exchange (LME) following the suspension and cancellation of nickel trades on the Hong Kong Exchanges and Clearing-owned platform, according to a report by Reuters.
Digital token trading platform Bitfinex has launched a suite of new trading pairs for Ttther Mexican peso (MXNt), a stablecoin pegged to the Mexican peso and the fourth version of the world’s biggest stablecoin.
The launch of MXNt marks tether’s entry into the Latin American market and is the fourth tether stablecoin to be made available on the platform, adding to tether tokens (USDt), tether euro (EURt) and the offshore tether Chinese yuan (CNHt).
The following trading pairs will be available: BTC/MXNt, BTC/MXNt, MXNt/USD, MXNt/USDt and MXNt/EURt.
Family office SureFire Capital’s multi-strategy hedge fund notched up a +22.1% return in April 2022 as well as an estimated +10% in May 2022 amid challenging market conditions.
The underlying quantitative hedge fund strategy, focused on the Nasdaq-100 Index, incorporates trend, momentum, and volatility factors.
Cboe Global Markets, a provider of global market infrastructure and tradable products, has acquired NEO, a fintech organisation comprised of a fully registered Canadian securities exchange (NEO Exchange) with a diverse product and services set ranging from corporate listings to cash equities trading and a non-listed securities distribution platform (NEO Connect).
NEO Exchange is a next generation stock exchange focused on fairness, liquidity, transparency and efficiency that brings together investors and capital-raisers, serving as a central force driving the Canadian capital markets forward. NEO Connect provides a distribution platform supporting mutual funds, private funds and private corporates.
With ownership
JonesTrading Institutional Services (JonesTrading) has appointed industry veterans Jorge Hendrickson and Mark McGoldrick as managing directors, and co-heads of JonesTrading Prime Services.
Each brings over two decades of experience in the space.
JonesTrading has been increasing their presence in Prime Services over the past several years and now has in place the sales management to offer a robust hybrid of high touch coverage and technology for better execution, reporting and service. Hendrickson and McGoldrick will further increase our presence and will drive growth. They will also be responsible for cross selling the full suite of Jones services.
Prior to joining
Value Partners Group Limited has promoted Kelly Chung to investment director, head of multi-assets, effective 1 June 2022.
In her new role, Chung will continue to report to the Group’s co-chairmen and co-chief investment officers Dato’ Seri Cheah Cheng Hye and Louis So.
Chung joined Value Partners in April 2016 as Senior Fund Manager and was able to build the multi-asset franchise with an outperformance track record against peers. She has been playing a key role in investment allocation and the portfolio construction process of the Group’s multi-asset portfolios, leading the development of the Group’s asset allocation platform. She
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
