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Options, a provider of managed trading infrastructure to the global Capital Markets, has appointed Jim Bomer as SVP, Director Market Data Division.
Bomer joined Options late last year following the ACTIV Financial acquisition, where he served for 19 years as the firm’s Chief Operating Officer. Prior to his role with ACTIV, he held a variety of Capital Markets roles in London, Frankfurt, and Chicago and has more than 25 years of experience in the real-time trading and market data sector.
In his new role, Bomer has responsibility for the product strategy, development and operations of Options’ market data division, which
Three in four professional investors (73 per cent) believe that because there are a finite number of bitcoins, the cryptocurrency is a viable asset to hedge against rising inflation.
That’s according to new research from London-based Nickel Digital Asset Management (Nickel), Europe’s largest regulated digital assets hedge fund manager, which was founded by senior traders and investment professionals formerly from major financial institutions including Goldman Sachs and JPMorgan.
The survey of institutional investors and wealth managers, who collectively manage around USD110 billion in assets, reveals that 78 per cent believe this quality of bitcoin will result in an increase of
Global cryptocurrency exchange FTX Trading Limited (FTX) has established FTX Europe, extending its presence into Europe and the Middle East.
The Company has secured the approval from the Cyprus Financial Market Regulator CySEC through its ftx.com/eu domain.
FTX Europe will now start offering FTX’s products and services to European clients via a licensed investment firm with passportable licenses across the European economic area. Users in these regions will be able to trade a variety of cryptocurrency products powered by FTX’s industry-leading trading technology and digital asset offerings.
FTX Europe is currently headquartered in Switzerland, with an additional regional headquarter
Short-term deals with hedge funds are being used by those looking to list companies via Special Purpose Acquisition Companies (SPACs), according to a report by the Financial Times.
Investor interest in SPACS has cooled since reaching a peak during the global pandemic with many choosing to withdraw their cash from the blank cheque companies before mergers with target companies can be completed.
The report says increased regulation, poor performance and a string of scandals have seen investor redemption rates increase with companies such as hedge fund Atalaya Capital Management and private equity company Apollo stepping in to fill the gap
Hedge funds have had a better start to 202 than mutual funds according to a report by MarketWatch, outperformed the S&P 500 up to the end of February.
The report quotes BofA Global Research as revealing that while US mutual funds that focus on large-cap stocks are trailing their benchmarks, hedge funds are off to a “great start” so far in 2022.
On average, hedge funds gained 0.2 per cent last month while the S&P 500 lost 3 per cent, according to the report.
The Alternative Investment Management Association (AIMA), the global representative of the alternative investment industry, has announced Sudrania Fund Services as a Sponsoring Partner.
The partnership enables AIMA’s member firms to take advantage of Sudrania’s fund administration services and enables both organisations to benefit from each other’s events, briefings, offers and other resources.
Sudrania’s fund administration is powered by its Seamless platform, which offers automated waterfall calculations, P&L allocations, automated fees/expense accruals, timely NAV calculation, enhanced reporting for performance attribution, VaR reporting, and portfolio analytics, creating a superior experience for multi-asset class investment managers.
In addition, Sudrania is also a specialists
AIMA and the ACC, together with a number of other trade associations, have submitted a letter requesting that the US SEC grants an extension of the comment periods on the Form PF and the private fund adviser proposals by 60 days. and to grant an extension of the private fund adviser proposal until 120 days after Federal Register publication, respectively.
New prime broker data compiled by Goldman Sachs Group shows that hedge fund managers were big buyers of individual company stocks in February, according to a report by Business Times.
Partly prompted by the market chaos caused by Russia’s invasion of neighbouring Ukraine and concerns over inflation, net purchases of single stocks reached the highest level in the past year, says the report, as managers turned to their stock-picking skills to identify bargain basement shares.
Hedge funds tracked by Goldman focused on tech stocks and bearish bets on macro products, according to the report, with Short sales on ETFs, for
Citadel CEO Ken Griffin has changed his mind on the subject of cryptocurrencies, according to a report by CNBC.
Having previously dismissed crypto as a ‘jihadist call’ against the US dollar and other fiat currencies, Griffin, speaking in an interview with Bloomberg this week, admitted he had made the wrong call on digital currencies.
“The crypto market today has a market capitalisation of about USD2 trillion in round numbers, which tells you that I haven’t been right on this call,” he said. I still have my skepticism, but there are hundreds and millions of people in this world today who
Alex Karnal, a former partner at Deerfield Manager is set to complete one of the biggest US hedge fund launches in years in April, with the debut of a new USD3.5 billion fund, according to a report by Bloomberg.
The report quotes unnamed sources as saying that Karnal’s new Connecticut-based firm Braidwell will make public and private bets on the healthcare sector with a particular focus on biotechnology, pharmaceuticals, and medical devices and diagnostics.
The fund will launch on 1 April, and as well as making long and short wagers on stocks and convertible bonds, as much as 20 per
