Crypto Hedge Fund Veteran Mark Yusko Doubles Down on $100,000 Bitcoin Prediction – Here’s the Timeline (The Daily Hodl)
Morgan Creek Digital cryptocurrency hedge fund managing partner Mark Yusko is doubling down on a bullish prediction for Bitcoin (BTC) despite the recent market downturn. In a new interview with YouTuber Benjamin Cowen, Yusko says that Bitcoin will range for months before making a parabolic move to a six-figure price.
Toronto’s Moez Kassam: Building Futures with Homes First (RealtyBizNews.com)
As co-founder and Chief Investment Officer, Moez Kassam has led the Canadian hedge fund, Anson Funds, to deliver some outstanding returns for his investors over the years. The firm has grown to manage $1.4 billion in assets and span a range of investment strategies. But Moez Kassam’s influence has not been limited to the financial realm. He is also known for his active involvement in various charities such as Homes First Canada, an organization that provides housing to those in need.
The New York hedge fund hiring wildly from Goldman, JPMorgan (eFinancialCareers.com)
As the hedge fund industry increasingly pivots towards multi-strategy hedge funds, Citadel, Millennium, and Balyasny aren’t the only ones recruiting. Verition Fund Management, a New York hedge fund founded in 2008 by Nick Maounis and Josh Goldstein with $6.1bn in assets under management, was spied adding huge amounts of staff during the pandemic by Bloomberg earlier this year. That trend has continued.
Global Macro Hedge Fund Trident Positioned to Profit from Flattening Yield Curve (Opalesque.com)
Macro strategies extended strong YTD performance in October as equities reversed intra-month declines, while the US Federal Reserve prepared to raise interest rates to slow generational inflation, with performance led by multi-strategy and commodity-focused exposures. The investable HFRI 500 Macro Index gained 1.4% for the month, extending YTD performance to 18%. At BarclayHedge, the minority of profitable sectors were championed by the Global Macro Index which was up 7% YTD through October and outperforming the broad Barclay Hedge Fund Index (-9% YTD).
Hedge Fund Millennium Management Takes Large Position in EHTH / eHealth (Nasdaq.com)
Fintel reports that Millennium Management LLC has filed a 13G form with the SEC disclosing ownership of 1,468,152 shares of eHealth, Inc. (EHTH). This represents 5.4% of the company. eHealth, Inc. operates a leading health insurance marketplace at eHealth.com and eHealthMedicare.com with technology that provides consumers with health insurance enrollment solutions. Since 1997, eHealth has connected more than 8 million members with quality, affordable health insurance, Medicare options, and ancillary plans.
