London-based hedge fund, Nickel Asset Management, has spotted an opportunity in the market, devised a strategic plan, raised $50 million for the project, and will soon introduce the Nickel Arbitrage Fund. The sole purpose of this new fund will be to take advantage of various arbitrage situations across the Crypto-verse. According to its release, the…
Read moreSão Paulo-based Verde oversees about 37 billion reals ($9.2 billion) in clients' money. Reports show that Verde Asset Management, Brazil's largest hedge fund based out of São Paulo, has raised up bets against the euro as well as the Brazilian and Chinese currencies on expectations that U.S. interest rate hikes and slumping oil prices would continue…
Read moreFXTF is adding Tradency's new hedge funds automated strategies for its mirror trader service.
Read moreFortelus Capital Management CFO Thomas Meston was preparing to leave his office on a Friday afternoon when a fraudster called stating that he was from Coutts and requested the company's corporate bank account details. Subsequently, the fraudsters stole from the bank account, with Mr. Meston now the subject of a lawsuit
Read more"This shake-up will probably mean that the growth of FX in general as a market is going to slow down." - Saxo prime broking chief Peter Plester
Read moreThe Wall Street Journal reported yesterday that disgraced former MF Global CEO Jon Corzine, also former chairman of Goldman Sachs and ex-New Jersey Democrat governor has discussed plans to start his own hedge fund. It would start with Corzine's personal cash, as well as a handful of outside investors, the paper reported and could only be launched…
Read moreHong Kong based Ortus Capital Management is preparing to launch a new fund in March to try to win back investors who left the $1 billion hedge fund company after deep losses in its main fund in 2012 and 2013. Nishant Kumar from Reuters broke the news earlier today... Ortus, run by former Lehman Brothers proprietary trader Joe…
Read moreBloomberg broke the news that two members of JPMorgan's London FX prime brokerage sales team put on leave after mishap with client expenses...
Read moreThe fund had about $830 million in assets at the end of 2014, according to a client report cited by Bloomberg.
Read moreThomson Reuters, today announced the launch of real-time electronic trading of spot and forward Malaysian Ringgit (MYR) and the Philippines Peso (PHP) on its Matching platform. The addition of the new currencies to Matching, means, onshore banks will now have access to an electronic central limit order book, providing them with more reference on pricing…
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