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Anilesh Ahuja, the co-founder of hedge fund Premium Point Investments and a former trader Jeremy Shor at the firm have pleaded guilty to fraud while working at the the now-defunct business, according to a report by Bloomberg.
Neither will serve time in prison though, despite admitting that they overstated the fund’s asset values by more than $100 million and having been sentenced to a jail term in 2019.
The pair had been facing a retrial after US District Judge Katherine Polk Failla in Manhattan overturned their convictions in December because of errors and misleading statements given by prosecutors. They avoided
The Cayman Islands Monetary Authority (CIMA) has promoted Gaone Dube from Chief Analyst to Deputy Head Investments Supervision Division, effective 1 January 2022.
Dube is a Fellow Chartered Accountant, holding the Association of Chartered Certified Accountants designation. Additionally, she is a member of several organisations including the Cayman Islands Institute of Professional Accountants and 100 Women in Finance.
Dube has over 19 years of experience in the Cayman Islands’ financial services industry. Prior to joining CIMA in 2018, she held a position at an audit firm before becoming the Deputy Head of the Fund Division at a leading fund administrator.
A revolution in technology is transforming the way hedge funds operate, offering managers advantages – as well as challenges – in tumultuous times.
IDEG Asset Management Limited (IDEG), a professional digital asset manager, as launched the IDEG Terra Enhanced Tracker SP as part of its growing T-I-M-E-S product shelf of thematic digital asset funds.
The launch marks the first-of-its-kind product to enter the market and follows closely the recent launch of its Ethereum Enhanced portfolio. The Terra Enhanced Tracker is IDEG’s first in a planned series of solutions that will offer professional and institutional investors a professionally managed and third party custodied, exposure to digital asset investments from bitcoin and ether into other categories, managed through IDEG’s rigorous compliance, risk and internal controls
The SS&C GlobeOp Forward Redemption Indicator for April 2022 measured 1.48%, down from 1.92% in March.
“SS&C GlobeOp’s Forward Redemption Indicator for April 2022 of 1.48% reflects a decline in redemption notices compared with the 2.07% reported for the same period a year ago,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “In fact, the 1.48% reported for April 2022 is the lowest redemption rate for any month of April since the inception of the Forward Redemption Indicator in 2008. This historically low level of redemptions suggests investors are confident hedge fund managers can generate favourable risk-adjusted returns
Insig AI plc (AIM:INSG), a data science and machine learning solutions company serving the asset management industry, has signed a development contract to supply a centralised cloud-based data infrastructure to a London-based alternative investment manager with over $1 billion of assets under management.
Leveraging Insig AI’s proprietary data platform and tools will enable the client to take advantage of the speed and scale cloud computing offers while underpinning its longer-term machine learning strategy.
The contract value is £145,000 and is expected to be completed by 30 June 2022. Together with a number of smaller contracts billed this month, this contract
Hedonova, an alternative assets hedge fund, has invested $3 million in the ALTS 1 Fund, the latest fund from the alternative investment management firm, Alts.
The new partnership provides Hedonova’s investors with access to the ALTS 1 fund’s ten asset classes, which include collectibles and culture, cryptos and NFTs, fine art, music rights, specialty real estate, wine and whiskey, and sneakers.
Hedonova is a hedge fund that champions accessibility and its partnership with ALTS 1 marks Hedonova’s latest efforts to make investing convenient, accessible and diversified. Hedonova currently offers investors access to over twelve alternative asset classes through a single
Institutional investors allocated the largest amount of new capital to hedge funds since 2015 in Q1 2022, as Macro funds lead industry performance through extreme volatility driven by generational inflation, interest rate increases and expectations for multiple increases in 2022, and the impact of the Russian invasion of Ukraine, including surging commodity prices driving geopolitical uncertainty and tensions to the highest level in decades.
Total global hedge fund industry capital remained above the $4 trillion milestone, as managers navigated extreme volatility with leadership from uncorrelated Macro strategies, including Fundamental Commodity and Discretionary funds, as well as Quantitative, Trend-Following CTA strategies
Venice Swap, a Lithuanian-based one-stop crypto exchange platform led by the Venetian engineer and entrepreneur Gianluca Busato, has secured a $100 million capital commitment in the form of a Token Subscription Facility from GEM Digital Limited (GEM).
MSCI Inc has questioned the hedge fund industry’s assertion that short-selling is an effective strategy to implement environmental, social and governance investing, according to a report by Bloomberg.
Rumi Mahmood, vice president of ESG and climate fund research at MSCI is quoted as saying that there is no evidence to support the claim that shorting a company with a poor ESG record will raise it’s cost of capital and that, in fact, short-selling goes against the grain when attempting to align investor interests with good corporate conduct due to a lack of transparency.
Mahmood said that due to “enhanced scrutiny
