Vivaris Capital Launches VICAN Fund (PRNewswire)
SAN JUAN, Puerto Rico, March 24, 2022 /PRNewswire/ — Vivaris Capital, LLC , an alternative assets investment manager, announced today the launch of its new, multi-strategy fund offering hybrid hedge and private equity structures, VICAN Fund. The VICAN Fund will provide investors with access to institutional quality alternative investments with high-growth, high-return potential while securing their principal. It is being launched with Vivaris’ investment partner, HedgeACT. The Fund is attracting strong interest from family offices, high net worth private investors and institutions. It plans to raise $150 million this year and is targeting $500 million.
Elliott Management’s Top Brass Flips Oceanfront Gulf Stream Estate for $27M (The Real Deal)
A trust linked to Elliott Management’s top brass flipped a Gulf Stream oceanfront estate for $26.7 million to another trust also linked to the hedge fund. The purchase price is $10.8 million more than its sale price 10 months ago. Property records show the 2929 Ocean Trust, with attorney Guy Rabideau as trustee, sold the house at 2929 North Ocean Boulevard to David J. Miller, via a trust in his name. Records show Miller’s trust financed the purchase with a $17.4 million mortgage from JPMorgan Chase.
Billionaire Hedge Fund Veteran Anthony Scaramucci Warns Against Short Selling Coinbase Stock (COIN) – Here’s Why (The Daily Hodl)
SkyBridge Capital founder Anthony Scaramucci says he disagrees with a fellow hedge fund manager’s skepticism toward America’s largest cryptocurrency marketplace. In a new interview with CNBC Overtime, Scaramucci says that Kynikos Associates founder Jim Chanos is viewing Coinbase as if it were a brokerage stock, rather than a leader within an industry that still has the potential to grow significantly.
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Hedgies Lure New Money (Hedge Nordic)
Stockholm (HedgeNordic) – After ending a nine-month run of net inflows in December due to investor profit-taking, tax-harvesting and rebalancing at year-end, the global hedge fund industry resumed attracting capital in January with net inflows of $11.3 billion, according to BarclayHedge. The industry’s assets under management continue to hover around $4.8 trillion as the industry experienced about $117.9 billion in trading losses during January.
Hedge Funds Ramp Up Rand Bets with Net Positions at Their Highest Since 2017 (Hedge Week)
While certain investors are choosing to avoid riskier assets due to the Russia-Ukraine situation, currency speculators are still placing their bets on the South African rand at an unprecedented rate, according to a report by Bloomberg. Hedge funds made the biggest change since the Commodity Futures Trading Commission began collecting data in 2015, switching from a net short position of 239 contracts to net long of 13,402 contracts on 15 March.
