Brevan Howard’s Hedge Fund to Start Buying Cryptocurrencies

Brevan Howard Asset Management is preparing to start investing in digital assets, becoming the latest money manager seeking to exploit the cryptocurrency boom.

The firm led by Aron Landy will begin by investing up to 1.5% of its $5.6 billion main hedge fund in digital assets, according to a person with knowledge of the matter. The initial allocation will be overseen by Johnny Steindorff and Tucker Waterman, co-founders of crypto investment firm Distributed Global, the person said, asking not to be identified because the information is private...

BlackRock Assets Under Management Surge to Record $9tn

BlackRock's assets under management ballooned to a record $9tn in the first quarter, boosted by record fund inflows across its investment platform, led by fixed income.

Shares in BlackRock rose 2 per cent to a fresh high on Thursday after the results, hich eclipsed earnings and revenue forecasts...

Startup Pools Capital for Event-Driven Plays

An event-driven shop that started trading around February 2020 has launched its first commingled hedge fund.

Two Seas Capital, led by former VR Capital and One East Capital executive Sina Toussi, took in $100 million for its Two Seas Global fund on March 1. Together with two special-purpose vehicles it set up to house single investments last year, the New York operation now has more than $200 million under management....

Chinese Hedge Fund Jumps 258% After Dumping Ray Dalio’s Strategy

Shanghai hedge fund manager Li Bei says she learned quickly that the low-volatility approach to investing behind the rise of Bridgewater Associates was doomed in China for a startup like hers.

Steady returns did little to draw investors used to short-term rewards, so she put in her own money, cranked up leverage and produced an industry-leading 258% gain last year.

Li is a pioneer in macro hedge fund management in China, where homegrown firms are taking on foreign giants that are struggling to adapt in an industry where even low-fee mutual funds generate sizable returns. While her Shanghai Banxia Investment Management Center only manages about 500 million yuan ($76 million), she says firms like hers are best placed to assess how China is driving the global economy...

Ex-UBS and Citi duo team up for quant launch

Two former investment bank traders have teamed up and are preparing to launch a systematic hedge fund. Asif Ali and Brian Healy incorporated AB Quantitative Investments (ABQI) in August last year, UK Companies House filings show...