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Emerging Markets hedge fund have started 2022 with losses, led by a steep decline in the HFRI EM: Russia/Eastern Europe Index, as Russia invaded Ukraine resulting in severe economic sanctions, oil prices spiked, the Russian Rouble collapsed, the Russian stock market remained closed and the risk of default on Russian bonds soared.
Score Priority Corp (Score Priority), a financial technology and brokerage firm founded by former hedge fund traders, has launched a new corporate brand – Lime Financial.
Lime Financial offers a full suite of trading, advisory and fintech solutions to a broad base of traders, investors and developers. Lime clients can trade equities, futures and options, including multi-leg options. Enhanced access is provided through Lime Trader, a proprietary web-based platform, as well as a mobile app, third-party front ends and application programming interfaces.
Since 2000, Lime Financial’s low latency, Direct Market Access (DMA) gateway and client-centric service have supported hedge funds,
Hedge fund Chatham Asset Management (Chatham), which manages funds that beneficially own approximately 6.3 per cent of the outstanding common stock of Rayonier Advanced Materials (RYAM) and is a substantial bondholder of the Company, has sent a letter to the independent members of the company’s Board of Directors expressing concerns that management is not taking action quickly enough to proactively address the Company’s upcoming debt maturities.
In light of rising interest rates, Chatham delivered a suggested term sheet to RYAM management earlier this week outlining a possible exchange offer of the Company’s 5.50 per cent Senior Notes due 1 June,
If you have a background in traditional finance, you may be familiar with the concept of “capital markets”.
According to Investopedia, “Capital markets are where savings and investments are channelled between suppliers – people or institutions with capital to lend or invest – and those in need.”
Basically, capital markets are the various branches of the financial ecosystem that people’s assets flow through each day.
If you’re interested in working with digital assets, you may be wondering how the concept of capital markets carries over into this emerging space. It’s important to understand how the ecosystem works if you
The rice of crude oil will hit USD200 by the end of the year is commodities trader Pierre Andurand is right, according to a report by Bloomberg.
Andurand, the founder of Andurand Capital Management, believes markets will struggle to increase production to replace lost oil supplies from Russia, saying that an estimated four million barrels a day have already been lost since Russia’s invasion of neighbouring Ukraine.
Hedge funds weathered volatility and the return of rising interest rates in 2021 to post double-digit weighted average returns overall for the year, according to research from the Citco group of companies (Citco).
Ken Griffin, Founder and CEO of hedge fund firm Citadel Asset Management, has teamed with The Ricketts family, owners of the Chicago Cubs Major League Baseball franchise to launch bid to acquire English Premier League club Chelsea FC.
US bankers Raine Group have set a deadline of Friday, 18 March for interested parties to submit formal bids to acquire the Blues from Roman Abromovich who, since putting the club up for sale earlier in the month, has been sanctioned by the UK government and disqualified as a director.
A rival consortium fronted by Todd Boehly, Jonathan Goldstein and Hansjörg Wyss
AllianceBernstein (AB) and AllianceBernstein Holding (AB Holding), a research and global investment firm, is to acquired CarVal Investors (CarVal), a global private alternatives investment manager with approximately USD14.3 billion in assets under management, primarily focused on opportunistic and distressed credit, renewable energy infrastructure, specialty finance and transportation investments.
The acquisition represents an important step forward in AB’s continued goal of better serving its clients by building and growing its world-class Private Alternatives business. The addition of CarVal, with 190 employees, including 68 investment professionals, in five offices across four countries, enhances AB’s Private Alternatives platform by adding complementary investment capabilities
Atlendis, a DeFi lending protocol that enables crypto loans without collateral, is partnering with X-Margin, the credit oracle risk engine for trading firms and institutions, to enable capital-efficient crypto borrowing and lending.
The partnership will accelerate the adoption of uncollateralised loans on the blockchain, by using proven methodologies to reduce the inherent risk of DeFi lending.
The Atlendis protocol will create a more capital-efficient environment. X-Margin’s privacy preserving technology will be integrated with the Atlendis protocol. X-Margin will enable the measurement of institutional borrower creditworthiness by computing a credit risk evaluation without revealing the sensitive underlying data.
X-Margin straddles CeFi
SIX and LMAX Group, an operator of institutional exchanges for FX and crypto currency trading, have partnered to launch cash-settled, centrally cleared crypto-asset futures (crypto futures).
The launch, expected in Q3 2022 pending regulatory approval, will initially include centrally cleared USD settled bitcoin and ether futures, trading 23 hours, five days a week, with the full product roll out to be extended to 24/7 trading.
