Crypto Hedge Fund BXB Capital: Interesting Development History (Cryptosaurus.tech)
As the world of finance continues to revolve around fiat money, crypto hedge fund BXB Capital is taking a different approach with its newest fund: It will raise funds only in Bitcoin, which will also be the primary vehicle for its trading strategy. The fund is expected to raise capital solely in Bitcoin, trade Bitcoin and give Bitcoin returns. According to a Markets Live Pulse study conducted by Bloomberg last week, Bitcoin is considered a more popular safe haven than the US currency. Tether, the creator of USDT, the world’s largest stablecoin, said earlier this month that he wants to invest up to 15% of his revenue in Bitcoin on a monthly basis as he diversifies his reserves away from US government debt. USA
ASIC Asks Hedge Funds for Trades Amid ‘Naked’ Shorts Crackdown (AFR.com)
Hedge funds and investment banks are being ordered to produce documents to prove they are complying with short-selling regulations, as the corporate regulator redoubles its surveillance efforts amid more volatile markets set off by the global banking crisis. In particular, the Australian Securities and Investments Commission is concerned about short selling occurring without owning or borrowing the underlying shares, an illegal practice known as “naked” short selling.
Mirae Asset Mutual Fund launches Mirae Asset Silver ETF (Economic Times)
Mirae Asset Mutual Fund has announced the launch of Mirae Asset Silver ETF, an open-ended scheme replicating/tracking Domestic Price of Silver. The New Fund Offer (NFO) of the scheme is open and it will close for subscription on June 6. Scheme re-opens for continuous Sale & Repurchase on June 12.
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SS&C GlobeOp Hedge Fund Performance Index: April performance 0.32% (Opalesque.com)
Opalesque Industry Update – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the gross return of the SS&C GlobeOp Hedge Fund Performance Index for April 2023 measured 0.32%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.16% in May. “SS&C GlobeOp’s Capital Movement Index for May 2023 shows net flow growth of 0.16% into hedge funds,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This is a quiet month of activity as investors assess the opportunity set of investments in the context of monetary and macro-economic uncertainty.” SS&C GlobeOp Hedge Fund Performance Index.
MEFIC Capital named Fund Manager of Saudi Arabia’s first Film Investment Fund (Zawya.com)
RIYADH: MEFIC Capital, a leading financial services company in Saudi Arabia, has announced it will be Fund Manager for the Kingdom’s First Film Investment Fund. An agreement to establish the fund was signed last week by Saudi Cultural Development Fund, MEFIC Capital and ROAA Media Ventures, in the presence of HH Prince Badr bin Abdullah bin Farhan Al Saud, Saudi Arabia’s Minister of Culture, at the 76th Edition of the Cannes Film Festival.
