In the week ending 01 September, 2017, In FinTech, Autonomous NEXT has released a list of 55 cryptocurrency hedge funds, illustrating the mounting interest in the space at a time when even middle-class Americans are said to be growing quite fond of bitcoin and cryptocurrency investment. John Chalekson bitcoin hedge fund's 2,129% returns in August is raising concerns. Meanwhile, the average equity hedge funds have outperformed quant equity funds so far this year. Other reports said hedge funds are expecting a gold rush in data mining; and Kik Interactive said it would launch the sale of its own cryptocurrency which is expected to raise $125m; Gravity4 is preparing its cryptocurrency offering with global event series, including in New York City, Singapore and London. SSARIS veterans Paul Lucek and Mark Rosenberg have re-emerged and launched Ridgedale Advisors; Jim Fisher, Joe Taylor and Doug Lyons have joined PineBridge Investments to launch its direct lending business; and Izzy Englander's Millennium Management is backing a new hedge-fund startup run by portfolio manager Javier Velazquez. The Greenwich Global Hedge Fund Index was up 1.10% in July 1.10% (+4.5% YTD); And the Lyxor CTA Broad Index gained 0.5% 15 August to 22 (-3.1% YTD). In performance, the alternative finance market remai...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, September 02, 2017
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