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

Today's Other Voices

• Other Voices: Supreme Court ruling could benefit hedge funds that scrape web data [more]

  By: Joseph Fischetti, Peter Greene, Benjamin Kozinn On June 3, the United States Supreme Court decided Van Buren v. United States, a Computer Fraud and Abuse Act (CFAA) case with important implications for investment advisers and hedge funds that scrape web data as a source of research. The

More Other Voices

• 27. May. 2021 | Other Voices: The tech renaissance is here [more]

  By: Dennis Puri, Portfolio Manager, Hunt Lane Capital Technology stocks have been volatile of late due to macro-economic concerns and a not surprising pullback after a strong 2020. Certainly, there still exist pockets of hyper valuation that continue to settle. However, the retreat in stock pri

• 25. May. 2021 | Other Voices: Lenders eager to finance US buyouts, but supply of new deals tightens [more]

  By: David Bilkis, White & Case High yield bond and leveraged loan issuance for US Leveraged buyouts (LBOs) recovered strongly over the past year, but Q1 2021 saw a drop on the previous quarter as direct lenders and a high volume of secondary buyouts ate into an already tight supply of opportunit

• 14. May. 2021 | Other Voices: Five key points on capital raising for hedge funds [more]

  By: Roy Engel, Barnea Jaffa Lande & Co. The cornerstone of a successful hedge fund is a successful investment strategy. That is self-evident. However, if the managers of the potential hedge fund are not successful in raising capital, this potential will never be tested or realized. We list below

• 07. May. 2021 | Other Voices: The IRS goes after crypto holders with John Doe summonses [more]

  By: Joshua Smeltzer The IRS has several tools in its arsenal to encourage compliance and audit and enforce those it believes are failing to comply. One of the most powerful tools is the John Doe summons. A regular IRS summons seeks information on a specific taxpayer. However, a John Doe summon

• 22. Apr. 2021 | Other Voices: The SEC gets tough on ESG funds [more]

  By: Kaela Colwell, Kelley Howes On April 9, 2021, the SEC's Division of Examinations (EXAMS) published a Risk Alert summarizing its observations from recent examinations of investment advisers, registered investment companies, and private funds engaged in ESG investing. The Risk Alert is the

• 14. Apr. 2021 | Other Voices: The evolution of hedge fund capital introduction events [more]

  By: Don Steinbrugge, Agecroft Partners Hedge fund capital introduction events, in which investors and fund managers meet in a speed-dating environment, have increased in popularity within the past decade. These events allow participating allocators to review the details of a large number

• 09. Apr. 2021 | Other Voices: Private equity's new trend: selling to themselves [more]

  By: Andreas Hinsen, Loyens Loeff The decline in global M&A activity during the Covid-19 pandemic, combined with the ongoing lack of attractively priced targets, led to a rise in an alternative exit scenario for private equity firms: selling their portfolio companies to themselves, typically by c

• 30. Mar. 2021 | Other Voices: The ripples behind the SPAC wave [more]

  By: Michael Hackett, David Heck, Jonathan Weiss The past year saw a burst in popularity of SPACs. More than half of companies that went public in 2020 did so using a SPAC on their way to raising over $80 billion in proceeds, and so far in 2021 SPAC offerings far outpace traditional IPOs. SPACs a

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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.