Today's Exclusives

• Opalesque Exclusive: Despite a recent volatility, Portal AM's DeFi fund outperforms [more]

  It's been a rough few weeks for digital assets. In May alone, Bitcoin dropped from $58,000 to nearly $30,000. Performance in other digital currencies has been mixed at best. Chinese regulators announced greater scrutiny on cryptocurrency and US regulators have shied away from approving a Bitcoin

• Opalesque Exclusive: "The writing is on the wall" for oil companies (part 1) [more]

  B. G., Opalesque Geneva: Matt Breidert, senior portfolio manager and managing director of Listed Sustainable Infrastructure&Energy Transition at TortoiseEcofin, talks to Opalesque about the role of shareh

• GI Partners raises $3.9bn for sixth buyout fund [more]

  Laxman Pai, Opalesque Asia: San Francisco-based private investment firm GI Partners closed buyout fund GI Partners Fund VI at $3.9 billion. The private equity fund, which focuses on North American health care, information technology infrastructure, services, and software companies, exceeded it

• AsiaPac private equity and venture capital dry powder surge 291% in the past decade [more]

  Laxman Pai, Opalesque Asia: Asia-Pacific-based private equity&venture capital dry powder has increased by 291% in the past decade, reaching a record high of almost $343bn as of April 2021, said Preqin. This correlates directly with an increase in allocations to the asset class, alongside privat

• SS&C GlobeOp Forward Redemption Indicator up 2.68% in June [more]

  Opalesque Industry Update - SS&C Technologies Holdings announced that the SS&C GlobeOp Forward Redemption Indicator for June 2021 measured 2.68%, up from 2.46% in May. "SS&C GlobeOp's Forward Redemption Indicator for June 2021 of 2.68% reflects a 37% reduction in redemption notices compa

More Exclusives

• 21. Jun. | Opalesque Roundup: Sub-billion-dollar hedge funds are outperforming $1bn-plus peers in 2021: hedge fund news, week 24 [more]

  In the week ending June 18th 2021, hedge funds managing less than $1bn averaged gains of 1.4% in May, extending returns for the year to 8.9%. That puts smaller funds ahead o

• 17. Jun. | Opalesque Exclusive: "The timing is exquisite" for alternative credit fund manager specialising in SME lending and green infrastructure [more]

  B. G., Opalesque Geneva: According to Prestige group, a private debt provider that manages several specialist alternative credit funds, the two main themes shaping our world in response to the global pandemic are (1) fiscal stimulus and how and where it is distorting public markets, and (2) clima

• 15. Jun. | Opalesque Exclusive: Australian manager seizes current middle-market credit opportunity [more]

  B. G., Opalesque Geneva for New Managers: Second only to private equity, the global private credit asset class is expected to grow by 72% to US$1.5tln globally by 2025,

• 15. Jun. | Opalesque Exclusive: Aquis Capital launches new fund of funds [more]

  Bailey McCann, Opalesque New York: Zurich-based Aquis Capital has launched a new fund of funds focused on ESG. The Leo - Impactis Fund invests in ESG focused hedge funds globally. The fund will target returns of 8-12% per year. Aquis Capital AG is a boutique asset manager with a focus on hed

• 14. Jun. | Opalesque Exclusive: The real value of a fund business is in the investment management company [more]

  B. G., Opalesque Geneva for New Managers: Incu Global, a global fund platform launched in 2013, believes that the real value and substance of a funds business is

• 14. Jun. | Opalesque Roundup: Hedge funds' overall performance edges up for the eighth consecutive month: hedge fund news, week 23 [more]

  In the week ending June 11th 2021, HFRI revealed that hedge funds extended performance gains in May for the eighth consecutive month as investor optimism accelerated

• 09. Jun. | Community foundations add DEI policies, diverse asset managers to the mix [more]

  Bailey McCann, Opalesque New York: Community foundations are focusing more on diversity, equity, and inclusion (DEI) policies, according to new data from FEG Investment Advisors. FEG surveyed 110 U.S. community foundations representing more than $30 billion in assets under advisement to understan

• 08. Jun. | Top 10 European Hedge Funds between April 2020 and March 2021 [more]

  Matthias Knab, Opalesque: We find that Edale Europe Absolute Fund has been the best performing European Hedge Fund after the COVID-19 Financial shock that took place in March 2020. In this article we rank European Hedge Funds by their cumulative returns between April 2020 and March 2021.

• 07. Jun. | Opalesque Roundup: Hedge fund assets jump to $4.07tn, a record: hedge fund news, week 22 [more]

  In the week ending June 4th 2021, BarclayHedge said that coupled with a $28.5 billion monthly trading profit, total hedge fund industry assets rose to more than $4.07

• 03. Jun. | Opalesque TV: Systematic hedge fund thrives on market timing [more]

  B. G., Opalesque Geneva: Many investors, academics, and financial professionals believe market timing is impossible. Other investors, especially active traders, believe strongly in it. Market timing is most po

• 01. Jun. | Opalesque Exclusive: Teneo Capital Management sees longterm opportunities for cannabis stocks in the US [more]

  Bailey McCann, Opalesque New York for New Managers: Cannabis companies have boomed in recent years as legalization efforts at the state level in the US move forward. New York and New Jersey are the most recent state

• 31. May. | Opalesque Exclusive: SEC files civil action against CTA LJM [more]

  B. G., Opalesque Geneva: Following the collapse of the LJM Preservation and Growth Fund in February 2018 after a sharp VIX spike, the U.S. Sec

• 31. May. | Opalesque Roundup: Q1 2021 generated a $150bn increase in global hedge fund AUM: hedge fund news, week 21 [more]

  In the week ending May 28th 2021, HFM reported that April gains fortify a strong six months for multi-strategy: The average multi-strategy hedge fund gained 1.3% in April

• 28. May. | Opalesque Exclusive: The party is not over for growth stocks [more]

  B. G., Opalesque Geneva: Robert Zuccaro, a quantitative investment pioneer and founder of Target QR Strategies, raises a new angle to this year's debate on growth stocks versus value stocks. Russell Investments predicted that value sto

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BITCOIN / US DOLLAR (BTCUSD) – Daily

Currently: Long Looking to: Hold for 61,600

As of 3/21/21 @ 10:08pm EST: 56,590

LAST WEEK: We suggested buying BTCUSD from last week’s levels down to 47,352 with stops below 43,016 and with an upside target of 64,600.

UPDATE: Bitcoin is setting up to trade around within a range from 53,500 to 61,600 in the short-term.

Look to buy BTCUSD at 54,850 and sell it at 61,600 in the short-term. We would then look to re-buy it down at 53,500 and sell it at 64,000.