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Hedge funds are on track to comfortably outperform their 2020 showing this year, with strong strategy returns and continued capital inflows boosting industry coffers to almost USD3.6 trillion in the run-up to 2021’s midway point.
Digital Assets AG, a Swiss-based firm focusing on the design, structure, and issuance of tokenised financial instruments, is to bring its tokenised stock infrastructure to the Solana blockchain. Additionally, it will launch the first free-floating security tokens allowing the risk-free, compliant transfer of tokenised stocks exclusively on FTX during its initial debut.
“The move from operating on a private blockchain to operating on Solana will offer a much more efficient, and cost-effective environment for the trading and utilisation of tokenised stocks,” says Brandon Williams, Corporate Development Lead at Digital Assets AG. “We envision the entirety of traditional finance and
Diginex Limited, which recently rebranded as EQONEX Group, has announced that total spot and derivative trading volumes on EQONEX, its cryptocurrency exchange, exceeded USD5 billion over the past 30 days.
Volumes in June have continued their recent strong upward trajectory, with average daily volumes in June month-to-date of USD190 million, representing an increase of 206 per cent and 80 per cent from April and May this year, respectively. Compared to the first quarter of 2021 and prior to the launch of its native exchange token EQO, volumes in June month-to-date are up over 12 times.
The EQONEX exchange has transitioned
ATIF Holdings Limited (Nasdaq: ATIF), a holding group providing business and financial consulting in Asia and North America, has announced that its newly launched ATIF-1 Hedge Fund has received USD1 million subscription through President and Chairman of the Board, Jun Liu’s investment.
The subscription is a firm expression of Liu Jun’s support and endorsement of the fund’s management team and his belief that ATIF-1 Hedge Fund will provide investors with substantial returns in the future.
Headquartered in Los Angeles, California, AATIF is a holding group with asset management, investment holding and online financial information business with overseas business centres in
Brummer & Partners, the long-running Swedish multi-strategy hedge fund firm, is withdrawing its investment in Observatory, one of the underlying funds in the flagship Brummer Multi-Strategy (BMS) vehicle.
BMS has allocated capital to Observatory – a trading-oriented long/short corporate credit-focused hedge fund – since January 2010. Brummer’s decision to redeem its entire investment comes despite Observatory, which launched in June 2004, currently hovering around an all-time high.
Commenting on the move, BMS portfolio manager Mikael Spångberg indicated that the strategy’s future-risk adjusted returns will likely fall short going forward. bservatory’s return since launch is 299 per cent, with an average
Preqin, a specialist in alternative assets data, tools and insights, has appointed Jaclyn Bouchard as its Head of Environmental, Social & Governance (ESG) as the company is ramping up its efforts to provide quality ESG data at scale for private markets.
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CME Group has made market data and order entry functionality for FX Link available on the Bloomberg Terminal to enable market participants to electronically access pricing, liquidity and trading for FX swaps in G5 currency pairs.
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Capitolis, a provider of SaaS and structured financing products that address balance sheet management for financial institutions, has appointed Stuart Wexler as its general counsel.
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FXSpotStream (FSS) has added functionality to support FX algos and allocations over its API and expects to have its first clients live in early Q3.
FSS clients will have access to over 70 different algos and 200-plus parameters offered by the FSS Liquidity Providers (LPs). FX allocations allows clients, on a pre- and/or post-trade basis, to send and allocate orders from multiple accounts at the same time. Work to support FX algos and allocations over the GUI is underway, and this is expected to be live in Q1.
Alan F Schwarz, FXSpotStream Co-founder and CEO, says: “We are extremely excited
Ocorian, a specialist in corporate and fiduciary services, fund administration and capital markets, has appointed Kareem Robinson as Client Director – Capital Markets in the Cayman Islands.
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