Latest News
Cryptocurrency hedge fund Tyr Capital has appointed Olivier Trombert as CEO. The residing CEO, Nick Norris, will take over the operational side of the business as Chief Operating Officer (COO), following the launch of Tyr Capital’s new venture fund last month.
Trombert brings with him over 25 years of experience in the financial industry, having started his career at Société Générale where he progressed from junior trader to head the energy options trading desk.
In 2007, Trombert joined Standard Chartered Bank (SCB) to develop the energy trading in EMEA and US regions. Over a three-year period, he developed SCB’s
Omni Event Fund, a hard catalyst focused event-driven fund managed by Omni Partners, has commenced trading as Kryger Fund following the planned acquisition of the Omni Event business by its long-standing Chief Investment Officer, John Melsom.
Following the change of ownership, the firm has rebranded to Kryger Capital.
With over USD900 million in assets under management, the firm’s actively managed global event- driven investment strategy and investment team remains unchanged under the new brand. Kryger Capital’s focus is to deliver absolute returns regardless of the market environment by targeting equities and equity-related securities of companies undergoing significant corporate actions and
GAM has appointed David Dowsett as Global Head of Investments effective 4 April 2022. Dowsett will be responsible for leading all GAM’s investment teams and will report to GAM CEO Peter Sanderson.
Dowsett will use his investment expertise to act as a counsel and coordinator, enabling the firm’s investment teams to build on recent strong investment performance by facilitating an open and transparent investment culture. How experience of building an asset management business will enable him to provide input from an investment perspective to help deliver the best outcomes for our clients and deliver asset growth.
Juan Landazabal who is
Baton Systems (Baton), a global fintech applying distributed ledger technology to post-trade processing, has appointed Ronn Baker as Senior Director of North American Sales.
Baker previously served at Wells Fargo, where he was most recently Director of Innovation & Digital Strategy, spearheading the implementation of DLT, cryptocurrencies and digital assets for the FX trading and Capital Markets division. Having been at Wells Fargo for nearly 15 years, Baker brings vast experience, with his tenure at the company spanning FX technology, eCommerce sales and institutional sales for cross-border payment solutions and services.
Reporting to Baton’s Global Head of Sales, Alex
Anthony Scaramucci, founder of hedge fund SkyBridge Capital, is predicting a bitcoin rally to six figures in the next few months, according to a report by the Daily Hodl.
The report quotes an interview with MarketWatch in which Scaramucci said he expects to see ‘way better’ inflation rates by the end of 2022, and that Russia’s invasion of neighbouring Ukraine will have minimal impact on the global economy in the long term.
As economic prospect improve sow ill the outlook for bitcoin according to Scaramucci who predicts the digital current will rally to USD100,000 in the next year to 18
PineBridge Investments (PineBridge), a private, global asset manager focused on active, high-conviction investing, has hired Kirk Sweeney as Chief Executive Officer for Asia Pacific.
Based in Hong Kong, Sweeney will be responsible for PineBridge’s Asia Pacific business and will join the firm’s Management Committee. He will report directly to PineBridge’s CEO, Greg Ehret, who is based in New York. Sweeney has lived in Asia for more than three decades, holding various leadership positions across the region at some of the world’s most prestigious investment managers.
PineBridge has a strong heritage in Asia with an on-the-ground presence and investment history
New York-based stock-picking hedge fund Soroban Capital Partners has made a least several hundred million dollars on bullish commodities bets following Russia’s invasion of neighbouring Ukraine, according to a report by The Wall Street Journal.
Other hedge funds to benefit from include New York macro fund Castle Hook Partners and value investor Pilgrim Global, who, also wagered that materials prices and shares of producers would rise following a year long drop in new commodity supply spending and efforts to reduce or limit carbon emissions.
The report says that Ccmmodities-focused funds that made similar wagers have seen returns of up to
CoinShares, a European digital asset investment firm, has, following approval from the Swiss Financial Market Supervisory Authority, acquired an additional 20.8 per cent stake in Swiss-based FlowBank.
This acquisition was priced at CHF24,740,000. Following the Company’s October 2021 strategic investment of a 9.02 per cent stake in FlowBank, the deal brings CoinShares’ overall holding to 29.3 per cent, with voting rights equal to 32.06 per cent.
To support its own product innovation CoinShares built Galata, a proprietary technology platform that acts as a gateway to the digital asset ecosystem, connecting CeFi platforms to digital asset protocols and markets. By leveraging
Point72, the hedge fund firm run by billionaire investor Steve Cohn is to redeem the USD750 million it invested in Melvin Capital, according to a report by Bloomberg.
The global hedge fund business had an aggregate return of -0.17 per cent in February, according to eVestment’s February 2022 hedge fund performance data.
