London Hedge Fund Winton Hunts for Crypto Hire (Financial News)
Winton Group, the London hedge fund set up by billionaire quant investor David Harding, is on the hunt for specialist crypto expertise, in a hint it will join other heavyweight investors looking to gain a foothold in the fast-growing digital assets market. The firm, which was founded by Harding in 2007, posted a job advert on LinkedIn in August for a crypto quant researcher to “support the development of our crypto systematic trading strategies”.
Hedge Fund Capstone Eyes $1.5 Billion Asia Investment by 2024 (Bloomberg)
US hedge fund firm Capstone Investment Advisors plans to allocate about $1.5 billion of risk capital to Asia by the second quarter of 2024, according to Chief Executive Officer Paul Britton. The manager of $8.9 billion in assets started trading out of its new Hong Kong office in August. While all nine current employees in the city have been recruited locally, it plans to relocate some people from other offices next year as Hong Kong eases quarantine rules for incoming travelers, Britton said during a telephone interview from New York.
Perceptive Advisors Charged for Failing to Disclose SPAC-Related Conflicts of Interest (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has charged New York-based investment adviser Perceptive Advisors LLC with failing to disclose conflicts of interest regarding its personnel’s ownership of sponsors of special purpose acquisition companies (SPACs) into which Perceptive advised its clients to invest. According to the SEC’s order, in 2020, Perceptive formed multiple SPACs whose sponsors were owned both by Perceptive personnel and by a private fund that Perceptive advised. The Perceptive personnel were entitled to a portion of the compensation the SPAC sponsors received upon completion of the SPACs’ business combinations. The SEC’s order finds that Perceptive repeatedly invested assets of a private fund it advised in certain transactions that helped complete the SPACs’ business combinations and did not timely disclose these conflicts.
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Withdrawal of $45M from Curve Finance, Convex, Was Not From 3AC, Nansen Says (Blockworks)
Cryptocurrency hedge fund Three Arrows Capital (3AC) declared bankruptcy two months ago, so it was eyebrow-raising when on-chain analytics firms reported Tuesday it was still executing relatively hefty transactions. Those initial reports turn out to be wrong. On-chain data showed a wallet identified by on-chain analytics firm Nansen as belonging to 3AC withdrew a total of $45 million from deposits previously staked on Curve Finance and Convex Finance.
Marshall Wace Leads $25m 21.co Fundraise (Hedge Week)
21.co, the parent company of 21Shares, a global issuer of cryptocurrency exchange traded products (ETPs), has raised $25 million in a funding round led by hedge fund Marshall Wace. The round values the business up to $2 billion, making 21.co Switzerland’s largest crypto unicorn. With this round of financing, 21.co will continue to drive rapid, targeted growth through first-of-their-kind products, key market expansions and strategic talent acquisitions. Other investors in the round include Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners.
