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.
Rawpixel.com/Shutterstock.com
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.
Opalesque Roundup: New Hedge Fund Launches Reach 185 in 1Q22, Up from 113 in 4Q21: Hedge Fund News, Week 05 (Opalesque)
In the week ending February 4th 2022, according to the latest HFR Market Microstructure Report, released by HFR, new hedge fund launches increased to 185 in 1Q22, jumping from 113 in 4Q21, representing the highest launch rate since 189 new funds launched in 1Q of last year, and the second-highest quarter since 190 funds launched in 4Q17. In the trailing 12 months ending 1Q22, an estimated 610 total new hedge funds have launched. New Macro hedge fund launches reached 45 in 1Q, topping both Event-Driven and Relative Value Arbitrage, and trailing only Equity Hedge funds, which saw an estimated 78 new funds launch.
OXY Keeps Rising as Buffett Loosens Purse Strings (Tip Ranks)
Story Highlights: Berkshire continues to make major insider moves at OXY and the Street can’t help but stay glued to the action. Oil and gas stocks have been on a tear throughout this year, riding the wave of rising fuel prices. If oil sanctions in Europe continue, then these stocks may rise even further. Occidental Petroleum (OXY) has been a clear beneficiary of these developments, and the company has been making the right moves to maximize shareholder value with its cash flow generation capacity. This, in turn, has caught the attention of the oracle of Omaha, Warren Buffett.
Warren Buffett Has Advice for the Barbarians at Japan’s Gate (Bloomberg)
If the barbarians are at the gates, Japan is letting them in. The country is becoming increasingly comfortable with foreign private equity funds and activist investors, a development that gives staid boardrooms the chance to enact the unparalleled wisdom of Western management. In reality though, the expertise could just as easily flow the other way.
Electronic Arts And 2 Other Stocks Insiders Are Selling (Benzinga)
Zoom Video Communications: The Trade: Zoom Video Communications, Inc. (ZM) Chief Operating Officer Aparna Bawa sold a total of 2,404 shares at an average price of $116.06. The insider received around $279 thousand from selling those shares. Electronic Arts: The Trade: Electronic Arts Inc. (EA) CEO and Board Chairman Andrew Wilson sold a total of 8,182 shares at an average price of $123.05. The insider received around $1.01 million as a result of the transaction.
China’s Securities Watchdog Probes Ganfeng Lithium for Insider Trading (Yicai Global)
(Yicai Global) July 4 — Ganfeng Lithium announced that China’s securities regulator is investigating the supplier of key raw materials for electric vehicle batteries for insider trading, the practice of trading shares to one’s own advantage by having access to confidential information. Ganfeng Lithium is involved in insider trading on the secondary market of the stock of a listed Chinese company, the Xinyu, Jiangxi province-based firm said late yesterday, citing a notice of case-filing it received from the China Securities and Regulatory Commission on July 1.
