Tiger Global’s July Gain Leaves Fund Down 49.8% This Year (Bloomberg)
Tiger Global Management’s hedge fund gained just 0.4% in July, narrowing its loss this year to 49.8%, according to people familiar with the returns. The fund trailed broader markets, with the S&P 500 advancing 9.1% and the tech-heavy Nasdaq Composite Index surging 12%.
Bitcoin (BTC) Price Won’t Drop Below $17K Says Hedge Fund CEO Anthony Scaramucc (CryptoNewsBTC)
Hedge Fund CEO Anthony Scaramucci has mentioned that Bitcoin is buying and selling a lot under its precise honest worth proper now, and emphasised that Bitcoin may need hit its backside already. In a latest interview with MarketWatch, the senior hedge fund supervisor mentioned that, in line with his firm’s standards, BTC is currently undervalued and has an precise worth of near $40,000. Bitcoin is presently promoting at roughly $23,000, which, in Scaramucci’s opinion, is considerably under its true value by as a lot as 70%.
Hedge Fund Manager Gundlach Says Yield Curve Inversion is Worsening – “Rough Road Ahead” (Forex Live)
Gundlach, hedge fund DoubleLine Founder, on the Twitter: The 2-year 10-year yield curve inversion is gaining steam. At 36 basis points right now. Rough road ahead. The inversion is used as a sign of an approaching recession. Recent data from the US showed two consecutive quarters of negative GDP, which is a commonly accepted definition of a recession. The US does not, officially, use the ‘two consecutive quarters of GDP shrinkage’ definition though. The US has its own recession dating committee, the National Bureau of Economic Research (NBER). They look across a number of economic indicators, including employment and industrial production, not just GDP.
Ex-PwC Crypto Head Launches $75m Hedge Fund for Institutional Investors (Financial News)
PwC’s former global crypto head has launched a $75m crypto hedge fund focused on institutional investors. Henri Arslanian launched Nine Blocks Capital Management in Dubai with the aim of becoming the “world’s leading institutional grade cryptoasset management firm”, according to a statement from the fund announcing its launch.
Top Fundraising Challenges for Private Debt Fund Managers and How to Overcome Them (Preqin)
Private debt’s attractive risk-adjusted returns are increasing its popularity among investors. Despite this, raising capital is still no easy feat for fund managers operating in this space. Below, we look at the top challenges managers face when raising capital from investors, and provide key solutions to overcome them. Appetite for larger funds is growing: Private debt remains dominated by larger funds, with the 20 largest accounting for nearly 60% of the total private debt capital raised in 2021. This trend is being encouraged as large investors look for similarly large fund managers that can deploy large sums.