CEO Confirms George Soros’ Family Office Owns Bitcoin (ETF Trends)
Soros Fund Management, the family office of billionaire investor and philanthropist George Soros, has recently been confirmed as owning bitcoin by its CEO/CIO Dawn Fitzpatrick, reports The Block. There had been reports by anonymous sources earlier this year that Soros Fund was trading in bitcoin, and now Fitzpatrick has confirmed in an interview with Bloomberg that the company does indeed own some bitcoin. The company is familiar with investing within the crypto space, having previously invested in NYDIG, a financial services and technology firm that specializes in bitcoin, and Lukka, a blockchain data technology company, but this is the first foray into actual cryptocurrency investment.
Hedge Fund Manager Hohn Steps Up Campaign Over Banks’ Fossil-Fuel Loans (Today UK News)
Billionaire hedge fund manager Chris Hohn has stepped up a campaign against the banking industry over its financing of fossil-fuel projects and criticised regulators for “allowing” systemic risk to build as a result. Hohn, co-founder of The Children’s Investment Fund Foundation, wrote to the Bank of England, the European Central Bank, the European Banking Authority and the US Financial Stability Oversight Council this week to propose a series of reforms.
Hedge Fund Brevan Howard Gets $3 Billion in New Cash Commitments (Bloomberg)
Brevan Howard Asset Management has received $3 billion in new cash commitments from investors in the latest sign that one of the world’s best-known macro trading firms is on track to regain its lost glory. The cash injection will lift Brevan Howard’s assets to about $20 billion, more than triple the amount they had shrunk to three years ago, according to people familiar with the matter, who asked not to be identified because the details are private. The firm, co-founded by billionaire Alan Howard, once ran more than $40 billion but suffered persistent outflows during years of mediocre returns.
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Billionaire Mike Novogratz Says Jamie Dimon’s Stance on Bitcoin is Sophomoric (Business Insider)
Billionaire Mike Novogratz has dismissed Jamie Dimon’s opinion about bitcoin being “worthless.” The JPMorgan boss has long been a bitcoin skeptic, and reiterated his distrust in the cryptocurrency on Monday, despite the bank becoming the first to give retail wealth clients access to crypto funds. “So strange. For a man who has done a brilliant job running a giant bank, his answers around $BTC are sophomoric and he keeps doubling down on them,” Novogratz said in a tweet late Monday. “I pray I stay open-minded my whole life.”
Blackstone, Citadel, Man Group Top List of Best Marketers in the Alts World (Institutional Investor)
Four months ago, Blackstone’s president and chief operating officer, Jonathan Gray, was seen on LinkedIn highlighting the firm’s initiatives on environmental issues, diversity, and inclusion and improving communities. “We think of ourselves at Blackstone as a mission-driven company,” he asserted. It’s one of many videos Gray has participated in, with other clips talking about everything from the firm’s quarterly performance to its philanthropic efforts and evolving investment strategies.
