Hedgeweek Newsletter

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NEWSLETTER | 8 Feb 2021

As dust settles on GameStop carnage, hedge funds ponder lasting impact of ‘Reddit raid’ on short selling

The co-ordinated billion-dollar raid on hedge funds’ short positions in GameStop by amateur traders represents another risk management factor in a battalion of emerging challenges that now confront managers’ portfolios, industry participants say.

Mon | 8 Feb 2021, 11:22

The European Energy Exchange (EEX) and the Croatian Power Exchange (CROPEX) have signed an agreement to jointly develop a power derivatives market for Croatia.

Mon | 8 Feb 2021, 11:22

A class action lawsuit filed in California Southern District Court on 28 January, 2021 has been amended to include six hedge fund companies worth billions of dollars, a total of ten online brokers who manipulated the stock market, and the thirteen stocks involved.

Mon | 8 Feb 2021, 11:22

Neuberger Berman, a private, independent, employee-owned investment manager, has opened an office in Tel Aviv and appointed Daria Uchenik to the role of head of Israel client group, effective immediately.

Mon | 8 Feb 2021, 11:22

Finxflo, the world’s first regulated, hybrid liquidity aggregator for digital asset investors, has launched an FXF token-based capital raise on Polkastarter, a protocol built for cross-chain token pools and auctions that enables projects to raise capital on a decentralised and interoperable environment.

Corgentum Consulting launches cryptocurrency compliance, operations and risk management solutions suite

Mon | 8 Feb 2021, 11:22

Corgentum Consulting, a provider of operational due diligence reviews and background investigations, has launched a new suite of compliance, operations and risk products to support cryptocurrency investors and asset managers in digital currency investment strategies.

Mon | 8 Feb 2021, 11:22

Despite an unprecedented number of new regulations being introduced into the Cayman Islands over the past 18 months, the jurisdiction has shown itself to be remarkably resilient, with the Islands’ funds industry in particular rising to the challenge and demonstrating its adaptability and flexibility.