In the week ending 13 March, 2018, participants at a recent Opalesque Roundtable in Connecticut explained how artificial intelligence and machine learning can offer meaningful assistance in speeding up a portfolio manager's information gathering and evaluation process, however at this time some believe the technology has not yet advanced to the point where you can rely upon it as a decision-maker within a fundamental discretionary strategy. Rick Doucette also said that the treasury function for any long/short fund has become increasingly more important since 2008 no matter the asset class. In FinTech, George Soros made his move to invest in cryptocurrencies, and it also appears that the Rockefellers are moving into crypto via their venture capital firm Venrock. Mike Novogratz has lured Richard Kim from Goldman Sachs as his new chief operating officer for Galaxy Digital; Gemini said it would roll out block trading for bitcoin and ether starting later this week; Pantera Capital saw the value of its cryptocurrency fund cut nearly in half in March; a BarclayHedge gauge of foreign-exchange trading programs slumped 2.5% in Q1. The bitcoin ETFs could be the beginning of a wave of cryptocurrency-backed ETFs to attract alternative investors while Timothy Enneking said that the winter in cryptocurrency markets is "largely over". People still debate if bitcoin is capable of attracting the really big hedge fund crowd. Meanwhile a longtime proponent of digital currencies is listing his brick-and-mortar home for almost $30m but asks for a $15m premi...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, April 14, 2018
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