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Tether Operations (Tether), the blockchain-enabled platform that powers the largest stablecoin by market capitalisation, has surpassed USD60 billion in market capitalisation as market participants flooded to tether tokens (USDt) in the face of recent market turbulence.
Digital asset investment products saw net outflows for the second consecutive week last week, totalling a new record of USD97 million, according to the latest Digital Assets Fun Flows weekly report from CoinShares.
The outflow remains low, representing only 0.2 per cent of total assets under management (AuM).
Adding to the outflow was ether which saw minor outflows of USD12.6 million following a long run of record-breaking inflows totalling USD924 million year to date (8 per cent of AuM)
All other altcoins (typically coins other than bitcoin) saw continued positive sentiment with inflows across the board totalling USD27 million. Cardano
The second annual Gaining the Edge – Global Virtual Cap Intro 2021 to benefit at-risk youth was a record setting event in the alternative investment industry, with over 1,900 registrants. Based on its success, the firm is considering an in person event at a Florida venue in January 2022. Gaining the Edge is proud to donate a quarter million dollars to charity because of the event.
The following three charities were the event’s main beneficiaries:
Help for Children is an international charity, supported largely by the hedge fund industry, whose sole mission is preventing and treating child abuse.
Peter Paul
Diginex Limited, a digital assets financial services company, has announced that combined 24-hour spot and derivative volumes on its EQUOS cryptocurrency exchange reached a record-high, exceeding USD200 million on May 20, 2021. Trading volume for the past 30 days has increased more than 40 per cent to USD2.9 billion, only three weeks since the company announced a record USD2 billion in 30-day volumes on May 4, 2021.
Read the full story at Institutional Asset Manager…
As cryptocurrencies continue to experience violent price shocks, new industry research shows crypto hedge funds’ assets under management have almost doubled to some USD3.8 billion, with traditional managers increasingly eyeing the sector after returns soared in 2020.
Despite a challenging fundraising environment, the new Limited Partnership Fund Ordinance regulation (LPF) has the potential to make Hong Kong the preferred domicile for investment funds in Asia, especially once travel restrictions are lifted. As investors seek to broaden their portfolios, Asian funds can be a valuable source of diversification.
“We are very excited about the limited partnership fund structure. It gives the market additional flavour and we now have more options to offer our clients and prospects,” says Michael Pang, Executive Director, Head of North Asia Alternative Investments, Circle Partners, “The reaction and feedback from the community has been very
Hong Kong recently introduced regulatory reforms, policies and incentives to drive growth and increase Hong Kong’s attractiveness as a fund domicile. The newly adopted Limited Partnership Fund Ordinance (LPF) bill allows Hong Kong’s private equity firms to launch limited partnership funds. Already, there are signs that firms are taking advantage of the market to innovate.
As Asian investors demonstrate a growing appetite to allocate to alternative investment funds, Hong Kong is becoming more attractive to managers looking to make the most of the opportunity.
Chinese Long Short Equity hedge funds substantially outperformed their American equivalents in 2021, according to research carried out by AlternativeSoft.
Marketa globally had a year of extreme volatility in 2020 due to the ongoing pandemic. According to the World Economic Outlook report by IMF in January 2021, the overall world output fell by 3.5 per cent. China was the only country with a positive growth of 2.3 per cent, while the United States fell by -3.4 per cent. United States and China constitute 40 per cent of the world’s GDP.
AlterntiveSoft selected hedge funds with AUM greater than USD10 million,
In light of the recent scandals resulting from mispriced assets, and the broader impact of Covid-19 on the global economy, the need for accurate financial and valuation reporting in private markets – where the underlying assets are largely illiquid and hard to value – is a germane issue for investors.
