Sat, Sep 22, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Opalesque Roundup: Some cryptocurrency hedge funds stand out having adopted 'alternative' trading strategies: hedge fund news, week 19

Monday, May 14, 2018

In the week ending 11 April, 2018, in FinTech, Stonegate Octic All-Weather Blockchain Master Fund is a good example how "alternative" trading strategies such as relative value are becoming more common among cryptocurrency hedge funds, rather than just providing a "long-only" exposure to (a basked of) cryptocurrencies.

Having launched in November 2017, the fund returned 259.65% net of fees as of April this year (530.92% gross) with the HFRI Cryptocurrency Index down 17.48% during the same period. The fund is managed by Oregon based Octic Capital Management, a multi-strategy alternative asset manager focusing on crypto markets.

Meanwhile, some of the biggest names on Wall Street are said to be warming up to bitcoin; for Warren Buffett the idea of a robo-version of himself is no longer a ridiculous notion; Nigel Green predicted that Ethereum and not Bitcoin, could be the cryptocurrency winner of 2018; Coinbase is doing something completely new in the world of crypto: it's going on an M&A shopping spree; $APEX Token Fund has launched its public token sale for its fund of hedge funds; mundane back-office concerns are giving pause to potential investors in digital currency hedge funds; CG Blockchain has revealed that its affiliate, BCT Inc., has closed the online public sale of its BCT "ERC20-compliant" utility token; cryptocurr......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. The incredible shrinking hedge fund, For hedge fund stars, being right in 2008 proved to be a curse[more]

    The incredible shrinking hedge fund From Bloomberg: You'd be forgiven for thinking the hedge fund industry might be starting to rebound. Industry assets are at a record $3.2 trillion this year, and a brand-new ?rm just brought in an unprecedented $8 billion. But the reality isn't so rosy.

  2. Investing: Fiat Chrysler attracts more investment from hedge fund manager[more]

    From Autonews: Chase Coleman's Tiger Global Management has invested more than $1 billion in Fiat Chrysler Automobiles after more than doubling its position in the automaker since the end of June. The U.S. fund becomes the fourth biggest investor in the Italian American company. Tiger Global inc

  3. SWF: Saudi Arabia's sovereign wealth fund raises $11bn loan with 15 banks[more]

    From Reuters: Saudi Arabia's sovereign wealth has raised an $11 billion loan from a total of 15 banks, the Maaal financial news website reported on Tuesday, citing unnamed sources. A source with direct knowledge of the matter told Reuters last month that the Public Investment Fund (PIF) will p

  4. Hedge fund billionaire spells out America's worst nightmare, Sir Michael Hintze: Response to global financial crisis elevated populism[more]

    Hedge fund billionaire spells out America's worst nightmare From SMH: Billionaire hedge fund manager Ray Dalio effectively spelled out what doomsday looks like for the US on live television. The founder of Bridgewater Associates predicted the US economy is about two years from a downtur

  5. Lehman's carcass has handed huge profits to distressed funds[more]

    From Bloomberg: It was a bold move: buy at Lehman Brothers's darkest hour. But a decade after Lehman's collapse, a handful of hedge funds that bought up the bank's debt for pennies on the dollar have made even more money than seemed possible. More than $124.6 billion has flowed to Lehman credi