Hedge Fund Veteran Anthony Scaramucci Says FTX CEO Sam Bankman-Fried May Have Signalled Bottom in Crypto Markets (The Daily Hodl)
Skybridge Capital founder Anthony Scaramucci says that FTX CEO Sam Bankman-Fried’s decision to bail out crypto lending platform BlockFi is an indication that we may have reached the bear market’s bottom. In a new interview on CNBC, Scaramucci admits that the industry is facing serious challenges following news that crypto broker Voyager Digital is suspending trading, deposits and withdrawals on its platform.
Dubai Is the New Hedge Fund Magnet (Bloomberg)
International hedge funds managers have become the latest group of investors to use Dubai as a business hub, lured by the emirate’s tax-free lifestyle and less stringent approach to Covid. Izzy Englander’s Millennium Management, Michael Gelband’s ExodusPoint Capital Management, All Blue Capital, and Michael Platt’s private investment firm BlueCrest Capital Management have been hiring and moving staff to the Gulf region’s pre-eminent finance center.
Ray Dalio Attacks U.S. Populists and Warns Russia May be ‘Lesser Loser’ in Ukraine War (MarketWatch)
Ray Dalio has hit out at political extremes in the U.S. that don’t respect a rules-based system, and warned that Russia is likely to be the “lesser loser” from the Ukraine war as the economic cost to the West causes NATO support to fracture. The founder of Bridgewater Associates, the world’s largest hedge fund with about $150 billion under management, took to Linkedin on the U.S. Independence Day holiday to deliver an update on the forces he believes are shaping the world.
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Hedge Fund Management Market Biggest Demand with Growth and Key Players Analysis – Bridgewater Associates, LP., Renaissance Technologies LLC, AQR Capital Management, LLC (Digital Journal)
The new report on “Hedge Fund Management Market Report 2022 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2030” offered by Market Research, Inc. includes a comprehensive analysis of the market size, geographical landscape along with the revenue estimation of the industry. In addition, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Hedge Fund Management Market”.
New World Scion’s Family Office Plans Equity Hedge Fund to Capture Improving Market Sentiment (South China Morning Post)
Avantua Group, the family office created by scion of Hong Kong’s third-richest family, is preparing to launch its first hedge fund as soon as this quarter as better sentiment in the city and mainland China’s stock markets is winning back global investors. The firm, founded in 2019 by Adrian Cheng Chi-kong of New World Development, is seeking to raise US$50 million in the new venture, with about one-fifth its own money and the rest from outside investors, according to managing director Xu Hao.
