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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
French systematic long/short equity hedge fund Quantology Capital Management’s flagship fund was up +4.0 per cent in February, while the Nasdaq 100 and S&P 500 were down -4.6 per cent and -3.0 per cent, respectively over the month.
An investor update from the firm says the strategy benefitted from high levels of dispersion and elevated volatility in the equity space.
Quantology’s says its long book performed very well, remaining flat, again when stocks were down 3 per cent to 4.6 per cent. The short book gained 8 per cent or roughly double the losses of the equity indices. Coming
Maples and Calder, the Maples Group’s law firm, has promoted two of its lawyers in Asia, Andrew Wood and Josie Ainley, to Partners in the firm’s Asia Funds & Investment management practice.
Andrew’s practice focuses on investment funds for Asian clients and includes advising on all aspects relating to the formation and maintenance of both private equity and hedge funds.
Ainley meanwhile, focuses on investment funds for international clients advising on all aspects relating to the formation and maintenance of both private equity and hedge funds, including extensive regulatory advice.
Notably, the firm’s Asia Funds & Investment Management practice led
EEX Group’s European Spot markets reached a volume of 49.9 TWh in February with Intraday Spot markets growing by 10 per cent to 10.6 TWh during the last month.
Hedge fund Infinity Q is facing a potential class action law suit filed by investors after the fund’s founder was charged with fraud by the US Securities and exchange Commission (SEC), according to a report by JD Supra.
Alan Howard founder of hedge fund Brevan Howard has led a USD7.5 million Series A funding round in Nested, a social trading platform that enables users to create and invest in “financial NFTs”, according to a report by CoinBase.
Goldman Sachs is severing its business association with Islet Management, Joseph Samuel’s block trading hedge fund, according to a report by Bloomberg.
The moves comes as US regulators are looking into the communications between banks and hedge funds engaged in the trading of large blocks of stock.
Neither Goldman have been accused of any wrongdoing in investigations being conducted by the US Department of Justice and the Securities and Exchange Commission.
