‘We Need to Learn What Regulation Works and What Holds Us Back’ — Hedge Fund Exec (Coin Telegraph)
Jaime Baeza said that the fast-paced environment and regulatory uncertainty are some of the challenges institutions face in Web3. With more institutions joining the Web3 space, regulation has been identified as one of the trickier challenges that can either smother creativity or become a catalyst to broader adoption. In an interview with Cointelegraph, Jaime Baeza, the CEO of crypto hedge fund ANB Investments, shared the challenges of managing funds in the crypto space, opportunities that come amid regulatory uncertainty and his beliefs on what could lead to the broader adoption of Web3 technologies.
Sale of Warren Buffett Portrait Won’t Match $19M Lunch Bid (AP News)
OMAHA, Neb. (AP) — The auction of a high-tech portrait of Warren Buffett is unlikely to match the $19 million someone paid earlier this year for a private lunch with the billionaire, but it will still raise a significant amount of money for one of his favorite charities. The top bid for the signed portrait has already topped $75,000, and the biggest bids are likely to come near the end of the eBay auction when it wraps up Tuesday evening on Buffett’s 92nd birthday.
Carnegie Gets Credit Edge (Hedge Nordic)
Stockholm (HedgeNordic) – Nordic Cross Credit Edge, one of the four hedge funds under the Nordic Cross brand, will be managed by Carnegie Fonder under a new name – Carnegie Credit Edge – using a similar strategy starting on October 3. Nordic Cross portfolio manager Emil Nordström will continue to be responsible for the management of the fund.
Pixabay/Public Domain
Oil Demand Likely Won’t Decline for at Least 15 Years – Hedge Fund Manager Kyle Bass (Seeking Alpha)
Hedge fund manager Kyle Bass predicted Tuesday that oil demand likely won’t begin to decline for at least 15 years, as the transition to renewable energy unfolds over a decades-long time frame. “We believe that you won’t see any kind of decline in organic or inelastic hydrocarbon demand south of 2037, 2040. And that’s if we really adopt these things at record pace,” the founder and chief investment officer of Hayman Capital Management told CNBC.
Lone Pine Assets Down 43% on Back of Record Losses (Hedge Week)
Assets at Lone Pine Capital have plunged by 43% to $167 billion after the firm’s hedge and long only funds both racked up losses of over 30% so far in 2022, according to a report by Bloomberg. The report cites unnamed sources as revealing that a series of failed bullish wagers on growth stocks are responsible for the losses with further client withdrawals expected, despite an improvement in fund performance in July.
