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Bitcoin could be on the verge of a major rally fuelled by moves in the debt market and the Fed’s changing monetary policy, according to a report by CoinTelegraph.
The report says that hedge fund Pantera Capital has highlighted Pantera Capital says: ““And so we think over the next number of weeks, crypto is basically going to decouple from traditional markets and begin to trade on its own again.
“We are quite bullish on the market, and we think prices are at a relatively inexpensive place.”
UMB’s Fund Services and Institutional Custody teams are expanding with the hiring of three industry veterans.
Paul Troilo joins Fund Services as global relationship manager, and Tonya Cordray and Melissa Clingan join Institutional Custody as senior manager and manager custody administration, respectively.
Cordray brings more than 20 years of institutional custody knowledge and 25 years of financial services industry knowledge and management experience. As senior manager within the Institutional Custody Administration team, Cordray oversees all clients, as well as the team members servicing clients, to ensure that each is met with exceptional service levels.
Clingan has more than 18 years
South Korean sovereign wealth fund Korea Investment Corporation (KIC) is partnering with Seoul Guarantee Insurance Company (SGI) to co-invest in overseas hedge funds, according to a report in the Korea Economic Daily.
The agreement will see SGI and Korea’s Tongyang Life Insurance Co jointly invest USD20 million in KIC’s USD300 million joint venture with Korea’s National Agricultural Cooperative Federation (NongHyup) and the National Federation of Fisheries Cooperatives (Suhyup).
KIC, NongHyup and Suhyup invested USD150 million, USD100 million and USD50 million in the JV when it was established last November.
Alternative credit specialist CIFC Asset Management’s philanthropic programme, the CLO Initiative for Change, has made its second annual donation.
In support of educating and empowering students to reach their full potential regardless of financial means, CIFC has partnered with the deal parties of its latest CLO, CIFC Funding 2022-II, including RBC Capital Markets, Appleby (Cayman) Ltd, Allen & Overy LLP, Milbank LLP, BNY Mellon, and Locke Lord LLP, to make a collective contribution of over USD225,000 to the TEAK Fellowship (TEAK). In addition to the financial contribution, CIFC team members will partner with TEAK to provide mentorship and/or educational support
The Blackstone Private Credit fund (BCRED) has reported a net return of 12.4 per cent since launch and an 8.5 per cent distribution yield for 2021, according to a report by Barron’s Online.
While the S&P 500 was down more than 5 per cent during the first month of 2022, and the Bloomberg US Aggregate Bond Index, was down more than 2 per cent, BCRED chalked up a return of almost 1 per cent.
Digital asset prime dealer SFOX has now matched, executed, and cleared the first-ever crypto non-deliverable forward (NDF) contract between B2C2 and an undisclosed financial institution over its multi-dealer network.
This milestone for the cryptocurrency market, which cleared on Friday, 4 Feb, 2022, establishes SFOX as the first platform to intermediate between a buyer and a seller in the crypto NDF market as well as the first multi-dealer platform to execute an NDF trade.
An NDF is a cash-settled, and usually short-term, forward contract. Crypto NDFs permit banks and other highly regulated financial institutions to gain exposure to the USD3 trillion
The Securities and Exchange Commission t(SEC) has charged James Velissaris, the former Chief Investment Officer and founder of Infinity Q Capital Management, with overvaluing assets by more than USD1 billion while pocketing tens of millions of dollars in fees.
Bloomberg and Elwood Technologies has announced a strategic integration enabling investments from clients using Elwood’s market-leading cryptocurrency trading platform to flow directly into Bloomberg AIM, a buy-side order management system (OMS).
Elwood’s crypto native solution, with purpose-built infrastructure, delivering deep liquidity and extensive market data, is the gateway for institutional access to digital assets. The integration combines Elwood’s institutional cryptocurrency trading capabilities with Bloomberg’s data, analytics, and workflow tools, enabling the financial institutions and investment managers on the AIM platform to capture and manage their crypto investments alongside the rest of their portfolio for a unified investment process.
Elwood
Hedgeweek has announced the winners of the inaugural Hedgeweek US Digital Assets Awards, which recognise excellence among fund managers and service providers in the digital assets space.
Maples and Calder’s Irish Funds & Investment Management team has retained its position as the leading legal adviser to Irish-serviced funds for the ninth consecutive year as ranked by Monterey Insight.
This recognition further highlights the Group’s reputation as a market-leading and award winning adviser to the global funds industry.
The publication of the ranking follows the firm’s recent appointment of Eimear O’Dwyer and Adam Donoghue as co-Heads of the Irish Funds & Investment Management Group.
Partners in the Maples Group’s Irish Funds & Investment Management team include, Dublin: Caitriona Carty, Stephen Carty, Ian Conlon, Emma Conaty (Head of
