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Billionaire hedge fund boss Ken Griffin’s flagship hedge fund posted a 7.45% gain in April bringing returns so far in 2022 to almost 13%, according to a report by Reuters.
Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has unveiled its new corporate brand identity reflecting the company’s evolution into a modern technology partner for more than 800 alternative investment funds and their portfolio companies.
The rebrand caps a period of continued hyper growth and technology advancements that have enabled Drawbridge to deliver the industry’s leading all-in-one cybersecurity platform to help its global clients navigate the dynamic cybersecurity landscape.
Built and led by fintech industry pioneers and cybersecurity experts, Drawbridge enables alternative investment firms to bolster their cybersecurity posture to minimise risk, meet evolving regulatory
Investor services provider IQ-EQ has competed the acquisition of Irish fund management business Davy Global Fund Management (DGFM) following regulatory approval from the Central Bank of Ireland.
Effective immediately the legacy DGFM business will operate as IQ-EQ Fund Management (Ireland) Limited a fund management company that helps global asset managers to establish and operate UCITS and AIF structures in Europe.
The newly combined business will offer fund management and portfolio management services, fund administration and corporate dministration services from its offices in Dublin and Shannon where it employs a team of 130-plus people, part of a total employee base
Deutsche Börse is expanding the market data offering on its cloud-based online analytics platform A7 to include historical market data from global derivatives marketplace CME Group.
The two firms recently reached a licensing agreement, which will enable market participants to test their trading strategies and make highly-informed trading decisions by subscribing to market data sets from either, or both, exchanges via the A7 platform.
Historical data from CME Group will be available daily on a T+1 basis, and, initially, will include data from each of its four designated contract markets – the Chicago Board of Trade (CBOT), Chicago Mercantile Exchange
Cboe Global Markets, a provider of global market infrastructure and tradable products, has acquired Eris Digital Holdings (ErisX), an operator of a US-based, digital asset spot market, a regulated futures exchange and a regulated clearinghouse.
Ownership of ErisX allows Cboe to enter the digital asset spot and derivatives marketplaces through a digital-first platform developed with industry partners to focus on robust regulatory compliance, data and transparency.
Cboe plans to operate the ErisX business as a subsidiary with Thomas Chippas, Chief Executive Officer of ErisX, remaining as head of the digital asset business, reporting to Chris Isaacson, Executive Vice President
Bitfinex Derivatives, a derivatives platform accessible through digital token trading platform Bitfinex, has launched perpetual contracts for JasmyCoin (JASMYF0:USTF0), Stargate Finance (STGF0:USTF0) and Kyber Network Crystal v2 (KNCF0:USTF0).
JASMYF0:USTF0, STGF0:USTF0 and KNCF0:USTF0 went live on 2 May at 12:00 PM CET. The contracts offer users up to 100x leverage and will be settled in tether tokens (USDt).
Cypherpunk Holdings, a specialist in blockchain, metaverse, privacy and cryptography focused investments, has invested USD 500k in the AB Digital Strategies Fund managed by UK FCA-regulated Isla Capital.
The investment was made in two tranches, $250k on 24 February, 2022 and USD250k on 20 April, 2022.
AB Digital Strategies is a Cayman Islands regulated hedge fund, which implements a market neutral strategy targeting meaningful absolute return, with low volatility and minimal correlation to crypto markets and mainstream asset classes.
The Fund combines multiple independent trading strategies across a range of liquid crypto markets (spot and derivative) and decentralised finance ecosystems.
Livermore Investments Group (Livermore), a collateralised loan obligations (CLO) equity anchor investor in over $15 billion of new issue CLO transactions, has partnered with Blackstone Credit to lead the pricing of the upsized $650 million Unity-Peace Park CLO transaction.
In closing the transaction, which was arranged by BNP Paribas, Livermore was able to take advantage of the recent attractiveness in loan prices, while Blackstone and BNP Paribas’ global reach enabled investors to participate in a larger deal while achieving one of the tightest costs of funding in recent weeks.
Meanwhile in the last month, Livermore also successfully closed another CLO
A volatility spike, sparked by inflation fears, rising interest rates and geopolitical tensions, has seen hedge fund attract the largest inflows in seven years during Q1, with investors seeking downside protection amidst market turbulence, according to a report by CNBC.
Over the past two years, three trends have emerged across all-sized hedge funds regarding outsourcing. The first: outsourcing more services than before Covid-19 for cost-effectiveness; the second: an increase in use of cloud providers and data solutions; and finally: closer attention to cybersecurity risks.
