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Cryptocurrency investing has not always gone hand-in-hand with ESG. Recent analysis suggests that these two major trends, which loom large over hedge funds and asset managers, are set for a head-on clash.
Some hedge funds could be among the trading firms forced to register as dealers and be subject to greater regulatory scrutiny by the SEC, according to a report by CNBC.
The commission has proposed two new rules that would require algorithm-based, high-frequency traders to come under SEC scrutiny in a bid to ensure market liquidity.
Under the terms of the new rules, firms or persons who purchase and sell securities in the same day or make profit through bid-ask spreads would be required to register as a dealer.
Alternate assets manager Vivaris Capital has launch a new, multi-strategy fund, the VICAN Fund, offering hybrid hedge and private equity structures.
AltExchange has launched what it says is the industry’s first fully-automated alternative investment reporting and management platform.
AltExchange automates and aggregates data on all alternative investments, from small fractional shares of cryptocurrency to multi-million dollar private equity investments, on a single platform. Investors can track up to USD1 million in assets with AltExchange for free.
AltExchange is founded by serial entrepreneur Zak Boca and former Bloomberg executive and Bloomberg Terminal developer Kareem Hamady.
Hedge fund EDL is creating two new vehicles to hold its Russian equities positions, according to a report by Bloomberg.
The macro investment firm run by Edouard de Langlade informed investors of the move in a letter which also outlined a plan to make an in-kind redemption for VTB Bank PJSC and Alrosa PJSC shares, which are both subject to sanctions, over Russia’s invasion of neighbouring Ukraine.
As of 18u March, the USD693 million EDL Global Opportunities hedge fund had about 10 per cent o fits assets invested in Russian equities according to the report.
CME Group, has launched launched options on Micro bitcoin and Micro ether futures, further expanding its suite of cryptocurrency derivatives offerings.
Sized at one-tenth of their respective underlying tokens in size, these contracts will offer a wide range of market participants – from institutions to sophisticated, active, individual traders – greater flexibility and precision to manage their exposure to the top two cryptocurrencies by market capitalisation.
BTIG has appointed Tanya Williams, CFA, as a Managing Director and Director of Macro Markets Strategy.
Hedge fund firm Coatue is to withhold USD33 million from a total of USD250 million in client redemption requests, according to a report by Bloomberg.
The money being held back, which amounts to 13 per cent of the total requested, was invested in prove companies and will now be placed in a side-pocket by Coatue, the report says, quoting ‘people familiar with the matter’.
Coatue’s main fund, which has about 11 per cent of its USD15 billion in funds invested in private companies, is said to be down 11 per cent so far this year and 3 per cent in March.
The PivotalPath Composite Index, a broad measure of overall hedge fund performance, was up 0.3 per cent in February, outperforming most major indices, according to data released by hedge fund research and intelligence specialist PivotalPath.
Research from financial regulation consultancy Bovill finds that the Financial Conduct Authority (FCA) launched fewer than half as many investigations into senior manager misconduct in 2021 than in 2020.
A Freedom of Information (FOI) request reveals that by 15 November, only six enforcement investigations had been opened under the Senior Managers and Certification Regime (SMCR) in 2021, less than half the number in each of the three previous years. This is despite the fact SMCR was extended to 48,000 solo-regulated firms at the start of the year. Bovill believes this raises questions about the effectiveness of the regime, as well
