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Digital asset investment products saw inflows totalling USD184 million last week, although the sharp price weakness at the end week did lead to USD40 million of outflows late Friday, according to the latest, Digital Asset Fund Flows Weekly report from CoinShares.
Bitcoin saw inflows totalling USD145 million last week although it suffered at the end of the week with outflows of USD42 million on Friday and bore the brunt of investor jitters.
Solana saw continued inflows totalling USD4.6. millionfor the week, seemingly unaffected by the recent price jitters.
Blockchain Equity ETPs saw inflows totalling USD75 million for the week.
Intelligo, the provider of an AI-powered background risk intelligence platform for investment due diligence, has appointed Dan Reidy as the Vice President of Sales in North America. He will be based in Chicago.
State Street Corporation (NYSE:STT), in collaboration with Vanguard and Symbiont, have jointly completed the margin calculation process for a live trade of a 30-day foreign exchange forward contract through the use of Assembly, Symbiont’s distributed ledger technology.
Maso Capital, an event driven and convertible arbitrage-focused hedge fund based in Hong Kong, was established in 2012 by Manoj Jain and Sohit Khurana, who previously managed money for Och-Ziff’s Asia-focused strategies.
Investcorp-Tages, a global multi-manager investment firm, has published a white paper on hedge fund seeding, which examines in detail the mechanics behind the practice and how it can significantly enhance risk-adjusted returns to investors at portfolio level.
An early-stage investment into a hedge fund offers investors the opportunity to take a stake in the fund itself, thereby allowing them to directly participate in the management and performance fee revenues. The white paper explains how this form of revenue share participation can generate over five times the profit an investor would otherwise have received investing in the same hedge fund and
Connection Capital, a specialist private client investment business, has appointed Anas Afzal as Fund Associate in its Alternative Funds.
Afzal joins from Aberdeen Standard where he was a Portfolio Analyst on the Fixed Income team. He will work alongside Head of Funds, Lorna Robertson, to source and identify specialist fund managers that the company believes will be attractive to clients and complementary to its existing fund portfolio which spans strategies from private credit to venture capital.
RBC Global Asset Management’s specialist fixed income manager, BlueBay Asset Management (BlueBay), has appointed two new hires as it bolsters its developed market special situations capabilities – James Rous, as an Institutional Portfolio Manager and Giovanni Galvani, as an Analyst.
Based in London, both will report to Adam Phillips, who joined the firm in October last year as Head of Developed Markets within its global leveraged finance team, and was charged with further enhancing BlueBay’s offering within this space.
BlueBay will be launching a new special situations investment strategy in the coming months which will complement its existing event driven
Muzinich & Co has appointed Andrew Douglas as Head of Institutional Sales, UK & Ireland.
Douglas joins from AXA Investment Management where he was a Director within the Institutional Business, having previously held roles at BMO Global Asset Management and Nordea Investment Management.
Exchange Data International (EDI), a provider of global security corporate actions, pricing, and reference data services, has launched a Reference Rates and Yield Curve Service.
Reference Rates provides 700-plus reference rates globally with historical data coverage going back to 2010. The service can be utilised to determine interest rates for financial instruments including floating-rate notes and interest rate swap fixings. EDI offers Interbank and benchmark Reference Rates data for 53 currencies, including Euro legacy ones.
The Yield Curve Service provides a term structure of interest rates under various scenarios, including IBOR discounting, OIS discounting, and use of Risk-Free Rates (“RFR”).
Third Eye Asset Management Inc (TEAM), an affiliate of Toronto-based alternative capital firm Third Eye Capital (TEC), has held the initial closing of the TEC Credit Income Fund with approximately USD201 million of subscriptions of preferred units.
TEC and its employees have invested a total of USD29 million, including USD23 million in common shares, which provides first loss protection for investors and the pre-funding of an income reserve. The Income Fund is targeting a total raise of USD500 million, which may be increased due to investor demand.
The Income Fund was formed to transition the Third Eye Capital Alternative Credit
