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.
Nordic CTAs Back to Winning Ways (Hedge Nordic)
Stockholm (HedgeNordic) – After giving back some gains in July, the best performing Nordic trend-following CTAs of the first half of 2022 are back to their winning ways. The broader CTA strategy group in the Nordics, however, edged up only 0.4 percent in August as Finnish funds dragged down the group’s performance. The Nordic CTA strategy category within the Nordic Hedge Index is the only category in the green this year with an advance of 4.3 percent in the first eight months of 2022.
Preqin 2022: Alternatives in Europe (Preqin)
Europe-focused private capital AUM has doubled in seven years, rising from €1.3tn in 2015 to reach €2.2tn at the close of 2021. Venture capital is doing particularly well, with COVID-driven innovation attracting investors to the region. However, while venture capital fundraising has held up, private equity fundraising to the end of June 2022 was €34bn, against €136bn across 2021.
Wednesday 9/7 Insider Buying Report: LAZR, MRVL (Nasdaq.com)
At Luminar Technologies, a filing with the SEC revealed that on Tuesday, Director Daniel David Tempesta bought 59,950 shares of LAZR, at a cost of $8.34 each, for a total investment of $500,253. Luminar Technologies Inc is trading up about 2.1% on the day Wednesday. And at Marvell Technology, there was insider buying on Friday, by Director Michael G. Strachan who bought 6,781 shares at a cost of $46.32 each, for a total investment of $314,096. This buy marks the first one filed by Strachan in the past twelve months. Marvell Technology is trading up about 0.5% on the day Wednesday. Bargain hunters can grab MRVL at a price even lower than Strachan did, with shares trading as low as $45.00 in trading on Wednesday which is 2.8% under Strachan’s purchase price.
ADP, Microsoft And 3 Other Stocks Insiders Are Selling (Benzinga)
Automatic Data Processing: The Trade: Automatic Data Processing, Inc. (ADP) Corp. VP John Ayala sold a total of 27,936 shares at an average price of $242.42. The insider received around $6.77 million from selling those shares. Microsoft: The Trade: Microsoft Corporation (MSFT) EVP, Chief Financial Officer Amy Hood sold a total of 75,351.395 shares at an average price of $259.47. The insider received around $19.55 million from selling those shares.
Kentucky Public Pensions Authority Releases Hedge Fund-of-Fund Report (Pensions&Investments)
Kentucky Public Pensions Authority, Frankfort, publicly released an investigative report Tuesday that it had commissioned to learn whether there were any improper or illegal activities related to hedge fund-of-fund investments. The report commissioned from law firm Calcaterra Pollack was completed in May 2021, and its public release Tuesday was the result of an Aug. 25 ruling by Franklin County Circuit Court Judge Phillip J. Shepherd that the report was not exempt from the Kentucky Open Records Act.
