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Davidson Kempner (DK), a hedge fund dubbed ‘boring’ by one of its competitors due to its solid but unspectacular returns and the low-profile style of the firm’s investment boss Tony Yoseloff, is approaching the $40bilion mark, according to a report by Bloomberg.
Standard Custody & Trust Company, an institutional-grade custody and settlement platform for digital assets, has been named the custodian for Blockchain.com and Altis Partner’s new institutional platform, Blockchain.com Asset Management (BCAM).
Blockchain.com Asset Management will deliver a suite of institutional investment products, marrying the crypto trading infrastructure, research and security software services of Blockchain.com with the success of Altis Partners’ investment management.
Standard Custody’s solution is highly-secure, regulated and insured. Led by a best-in-class team of cryptocurrency and financial services pioneers, Standard’s proprietary blockchain technology provides end-to-end encryption and distributed trust protocols for securing secret keys. The company’s New York
Apex Group (Apex) has been appointed to provide fund services to Blockchain.com Asset Management (BCAM), a new crypto asset management platform powered by Blockchain.com with investments managed by Altis Partners (Altis).
BCAM’s Jersey-domiciled funds will offer regulated crypto investment products for institutional investors, family offices and high net worth individuals.
The platform launches with a suite of index and systematic products such as a Bitcoin Tracker and a Bitcoin Smart Beta. The Bitcoin Tracker algorithmically trades Bitcoin to track its price versus USD, providing cheap, efficient exposure to Bitcoin, while Bitcoin Smart Beta offers an algorithm-based risk-managed exposure to bitcoin
Algorand is to implement the first smart contract to automate the offsetting of carbon emissions.
Doubling down on its commitment to the environment, the network’s new self-sustaining smart contract automatically allocates a portion of every transaction fee to offset its carbon emissions.
Sustainability has been a core component of Algorand since its inception. Designed to be energy-efficient, the Algorand network has never experienced any downtime. Its unique pure proof-of-stake consensus mechanism requires minimal energy and fees, while delivering high speed, security and instant finality.
Last year, Algorand partnered with ClimateTrade, a leader in CO2 emissions transparency and traceability that uses
Preqin has published its Q1 2022 Hedge Fund Quarterly Report which shows hedge funds were affected by geopolitical factors and turmoil in the markets, posting lower returns during the quarter compared to their strong performance in 2021.
Kirchliche Zusatzversorgungskasse des Verbandes der Diözesen Deutschlands (KZVK), the occupation pension scheme provider for Catholic Church and charitable sector employees in Germany, is looking to appoint a portfolio manager to focus on alternative investments, according to a report by IPE.
The new portfolio manager will have responsibility for investments in private equity, infrastructure equity and private debt, plus due diligence of new funds.
Man Group’s asset under management (AUM) hit a record $151.4 billion in the first three months of 2022 on the back of strong net inflows of $3.1 billion for the period, according to the firm’s latest trading statement.
The growth stemmed from alternative strategies which saw a $5.3 billion uplift in AUM to $96.9 billion with inflows of $3.0 billion and positive performance.
Long-only strategies saw a slight decrease in AUM with a fall from $57 billion to $54.5 billion mainly due to negative investment performance and a small $0.1bn net inflow.
Blockchain startup IO Investment Academy is launching the first DeFi NFT project based on fractional investment which will help small investors to gain access to a large blockchain-focused hedge fund that had a return rate of over 300% in 2021.
This new project is introducing fractional investment into the blockchain world to change the landscape of traditional investments and business-minded focus groups.
By pooling capital through their NFTs sale, they allow small investors who can’t meet the minimum thresholds to have access to a large blockchain-focused hedge fund.
IO Investment Academy invest 80% of the funds raised from the NFTs
A new survey from prime broker IG Prime has revealed that UK hedge fund managers overwhelmingly prefer UK stocks to those from other jurisdictions, according to a report by Investment Week.
In all, some 96% of managers surveyed made UK stocks their No1 choice despite other countries seeing much higher stock market growth.
Year-on-year UK stock market growth currently measures 9% according to market platform Trading Economics, while Argentina has seen year-on-year growth of 91.4%, Turkey 74.6%, and the UAE 66.8%.
Digital token trading platform Bitfinex has launched new markets for LUXO, the native token of a blockchain protocol for certifying the authentication of luxury goods, Luxochain.
LUXO deposits and trading will open in April and will include both LUXO:USDT and LUXO:USD pairs.
Luxochain tokenises luxury assets and mints NFTs that correspond to each product that’s placed on the market. Using Luxochain’s Virgo iOS and Android apps, buyers can browse through luxury products and verify the authenticity of each product, and owners and sellers of luxury products can safely create, receive, store and send Digital Certificates of Authenticity and Ownerships via
