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In the week ending 28 April, 2017, Alphabit has announced plans to raise $300m for its newly launched global fund that invests in digital currencies on the back of growing demand for virtual assets that allow for instant, borderless transactions. The market capitalisation of digital currencies has surged more than 60% so far this year, and nearly 260% over the past 12 months, to nearly $30billion.

Kempen Capital launched a structured credit pooled fund that enables investors to "easily and cost effectively" access the structured credit market; and French asset management firm Massena Partners has spun out and launched as Essling Capital.

Citigroup is out to boost its business with quantitative hedge funds in London and build its high-speed trading platform; Gold Sail Capital has evolved into a full alternative asset management firm with PE and real estate offerings in the last year. WBB Securities has entered the buy-side with its healthcare long/short strategy launched last year; and Folger Hill Asset said it is cutting costs and still trying to find a p......................

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