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Alternative Market Briefing Weekly

Opalesque Roundup: Big reshuffle on the top end of UK hedge funds: hedge fund news, week 18

Saturday, May 05, 2018

In the week ending 04 May, 2018 it was reported that Chris Rokos's new investment firm Rokos Capital now has more assets than Brevan Howard Asset Management as clients continue to quit Brevan, the firm Rokos once co-founded with Alan Howard. Rokos reportedly made $4 billion for Brevan Howard from 2004 to 2012.

Och-Ziff Capital's assets under management totaled $32.8 billion as of March 31, up 1.3% from Dec. 31.

In FinTech, Peter Thiel's Founders Fund is wagering that institutional investors will soon make a splash in crypto assets; four of the 10 biggest initial coin offerings last year were in Switzerland, more than any other country; France's emerging cryptocurrency policy appears to be optimistically vague; Warren Buffet remains unsold on bitcoin and crptocurrencies, calling it gambling and not investing; Dan Morehead said that the cryptocurrency market could hit $40tln in 10 years; some of the biggest crypto A-listers are Russians; SBI Group is reportedly planning a summer launch of 'SBI Virtual Currencies'; and three BlackRock staff have quit their jobs to launch a $20m venture capital fund aimed at investing in blockchain projects.

Goldman Sachs will launch a bitcoin trading desk, the investment banking giant has confirmed; but some analysts are predicting that cryptocurrencies are in limbo despite Goldman's move; the price of bitcoin and other cryptocurrencies will suffer a 90% correction, predicts GP Bullhound; Fatfish Internet Group is incubatiing blockchain and cryptocurrency fund-of-funds; and OC Horizon FinTech has reported a 29% return during the past six months after it commenced operations last November.

Andrew Dodson is planning to launch a new oil hedge fund under the name Philipp Oil; William Mougayar is launching an investment firm for blockchain startups and cryptocurrencies; Yield Solutions is ready to come to market ......................

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