Latest News
Hedge funds are at odd over how the reporting of emissions data related to short selling strategies should be reported, according to a report by Bloomberg.
Some funds say that if a short bet against an oil producer pays off and the stock price falls, that should be reported as negative in terms of CO2 emission, while others says that the producers CO2 emissions remain the same whether the stock price falls or rises.
At Capital Fund Management is cited as a fund that follows the first approach while the report credits AQR Capital Management’s Cliff Asness has saying that
Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, has created an Industry Advisory Board (IAB), which brings together exceptional industry leaders with unmatched experience to foster an open exchange of ideas and best practices to help advance cyber defences.
Comprised of industry luminaries and current Drawbridge clients, the IAB members each boast deep financial services sector knowledge and are at the forefront of the security, legal, compliance and outsourced business solutions sectors. Insights shared by the IAB will help inform and support Drawbridge’s business strategy and evolving product roadmap, and IAB members will have
Akram & Associates PLLC (Akram), a boutique assurance, advisory, and tax firm in the United States, has announced that Hedgeweek, a global publication covering hedge fund industry news for investors and fund managers, has recognised Akram as the Best Accounting Firm – Start-up and Emerging Funds.
Fresh capital commitments across hedge funds, private equity and real estate of USD4.4 billion have been approved by The State of Wisconsin Investment Board in Madison, manager of state retirement assets and other portfolios, according to a report by AlternativesWatch.
While certain investors are choosing to avoid riskier assets due to the Russia-Ukraine situation, currency speculators are still placing their bets on the South African rand at an unprecedented rate, according to a report by Bloomberg.
Prometheus Alternative Investments, a Los Angeles, California-based social marketplace platform providing institutional-quality information, insights, and alternative investment opportunities to high-net-worth (HNW) investors, wealth advisors, and asset managers, has launched its new Access Funds programme.
With its first feeder fund now live, the programme offers accredited investors, who represent over USD177 trillion in assets globally, the ability to discover, research, and transact at lower minimum investment amounts (as low as USD25,000) across an expanding menu of high-quality fund managers covering hedge fund, venture capital, private equity and credit, real estate and crypto strategies.
All underlying fund managers participating in the Access
Fidelity Investments has launched Fidelity Diversifying Solutions, a new division offer investors access to hedge-fund like strategies, according to a report by Bloomberg.
The new liquid alternatives division, headed by president Vadim Zlotnikov, filed to register two new funds at the end of last year, Fidelity Global Macro Opportunities and Fidelity Risk Parity.
The liquid alternatives sector, which first took off during the inancial crisis in 2008 before falling out of favour with investsors, has experienced a renaissance during the pandemic, attracting USD29 billion in 2021 when inflows exceed redemption for the first time since 2015, according to Morningstar.
Chainalysis, a blockchain data platform, has partnered with Cross River, a technology-driven financial services organisation that provides core infrastructure and embedded financial solutions.
Cross River is known for providing financial services to the fintech and crypto sectors and will utilise Chainalysis tools to compliantly expand its offerings to additional cryptocurrency businesses.
Chainalysis’ technology wrapped into Cross River’s core infrastructure will enable crypto companies to build and scale, while knowing that regulatory expertise and compliance are already built in.
RBC Global Asset Management (RBC GAM) and BlueBay Asset Management (BlueBay) have expanded their European footprint with the opening of a new office in the Netherlands, established to serve both Benelux and Nordic investors more closely and to further strengthen the company’s presence in continental Europe.
This follows the appointment of Kornelis Buursma who joined in February of this year as Director of Business Development for the Benelux region, and Rami Salminen who joined earlier in March as Director of Business Development for the Nordics region. Both Kornelis and Rami are based in the new Amsterdam branch.
Hedge funds and other market participants are considering taking legal action against the London Metal Exchange (LME) over the recent problems in the nickel market, according to a report by then Evening Standard.
Funds including AQR Capital Management are report to be considering a possible law suit after the LME suddenly suspended trading when the price of nickel doubled and the cancelled USD4 billion of trades.
The LME is owned by China’s Hong Kong Stock Exchange, the HKEX.
