What’s Next For Bitcoin ETFs? Cathie Wood, ARK Invest Experts Weigh In (Investors.com)
The cryptocurrency industry eagerly awaits the next decision from the Securities and Exchange Commission after a U.S. court ruling a week ago regarding Grayscale Investments (GBTC). Experts believe the ruling moves the U.S. another step closer to getting its first bitcoin exchange traded fund. “We’re really excited about some of the breakthroughs in the regulatory landscape when it comes to crypto,” Cathie Wood, ARK Invest CEO said during the “In The Know with Cathie Wood” podcast episode released late Friday.
Steve Cohen’s Point72 Ventures Leads $15M Fundraising in Swiss Fintech GenTwo (Coin Desk)
GenTwo, a fintech platform that specializes in securitization, raised $15 million in a Series A funding round led by hedge fund luminary Steve Cohen’s Point72 Ventures, the company said on its website. The Zurich-based firm plans to use the funding to grow internationally and to develop its financial engineering platform. The company’s PRO platform lets investors securitize and bring to market any asset or investment strategy in the form of a bankable security. It allows for non-bankable assets including real estate, fine art or digital assets to be made accessible to all investors.
Hedge Funds Block Commercial REIT Merger (The Wall Street Journal)
Real-estate investment trusts Diversified Healthcare Trust and Office Properties Income Trust say they won’t move forward with the merger proposed by their manager RMR Group. The deal’s termination follows an opposition proxy campaign by hedge funds with large stakes in Diversified Healthcare, including DE Shaw, Flat Footed, H/2 Capital Partners and Lonestar Capital. The hedge funds said the transaction would burden Diversified Healthcare, which primarily owns retirement communities and medical facilities, with office properties that are struggling to keep tenants. That would protect fee revenue for RMR but hurt Diversified Healthcare shareholders, they said.
Source: pexels
Caledonia Hedge Fund Encourages Investors to Hold On to Controversial Zillow Investment (ClaytonCountyRegister)
Caledonia, the hedge fund run by joint chief investment officers Will Vicars and Mike Messara, has urged its investors to hold and top up on their shares in North American real estate platform Zillow. Despite turmoil in the US property market, Caledonia remains confident in Zillow’s long-term potential. Mortgage rates in the US have reached their highest level in more than 20 years, leading to fewer homes on the market. As a result, some homeowners are unable to move due to the increased cost of switching to higher mortgages. However, Caledonia believes that this situation has created pent-up demand for house moves, which will eventually favor Zillow.
Ex-GIC Bond Manager Launches Hedge Fund (Finews.asia)
A former credit portfolio manager at Singapore sovereign wealth fund GIC is reportedly launching a hedge fund in London. Ex-GIC bond manager Reuben Abrams will roll out a hedge fund in London, according to a «Reuters» report citing a client note from BNP Paribas. The fund – Adira Investment Management – is a long/short strategy focused on corporate credit and launch in the fourth quarter of this year.
