ChainCatcher news, the liquidators of Three Arrows Capital (3AC) are attempting to amend their claim against FTX, increasing the claim amount from $120 million to $1.53 billion.The liquidators of 3AC claim that FTX liquidated and seized their assets on the platform two weeks before the hedge fund's collapse to settle a $1.33 billion debt. The hedge fund argues that these transactions were "avoidable and unfair," causing harm to 3AC's creditors. 3AC believes the liquidation should be invalidated, accusing FTX of undervaluing the transactions and breaching trust and contract.The bankrupt hedge fund also claims that FTX delayed providing necessary information, forcing 3AC to parse original data to calculate losses. As a result, 3AC states that it could only confirm the liquidation amount in August. However, FTX responded that an unnamed individual associated with 3AC initiated the asset liquidation. FTX has not identified this person. A court hearing will be held on November 20 to discuss 3AC's motion to amend the claim.

ChainCatcher news, hedge fund manager Nelson Peltz, who supports Trump in this U.S. election, said that the stock market rally driven by the election cannot continue uninterrupted, and he revealed that he was the matchmaker between Trump and Musk. "I'm a matchmaker," Peltz recalled paving the way for Musk. One weekend in 2023, when Musk visited Peltz's home, Peltz also invited Trump to have breakfast together. Peltz said, "Without Musk's help, I don't know if Trump would have achieved such a comprehensive victory." Musk's political action committee spent about $200 million to support Trump.

ChainCatcher news, according to Bloomberg, Brazil's well-known hedge fund Verde Asset Management stated in a report to clients on Monday that the company established a small Bitcoin position before the U.S. presidential election voting on November 5, although the specific size of the position has not been disclosed.The fund is managed by industry veteran Luis Stuhlberger. Data shows that the company's main fund fell by 0.18% in October after fees. In contrast, the CDI interbank benchmark rate rose by 0.93% during the same period, and a basket of local hedge funds increased by 0.29%. So far this year, its performance has outperformed the Anbima hedge fund index by more than two percentage points.Verde currently manages assets of approximately 19 billion reais (3.3 billion USD), down from 20 billion reais a month ago.

ChainCatcher news, according to Jinshi reports, since Trump won the U.S. election, hedge funds that have insisted on shorting Tesla have lost billions of dollars, and Musk's special relationship with Trump has impacted them.Calculations based on data compiled by S3 Partners show that from election day to last Friday's close, hedge funds holding short positions in Tesla have incurred paper losses of at least $5.2 billion.

ChainCatcher news, according to the Financial Times citing informed sources, BlackRock is in preliminary discussions with Millennium Management about a strategic partnership that could allow the world's largest asset management company to acquire a stake in this highly profitable hedge fund management firm.Although any stake may be small, this potential collaboration reflects BlackRock's pursuit of expanding into the alternative investment space, while also showing that Millennium's 76-year-old founder, Izzy Englander, is continuing to grow and diversify his business.Informed sources indicate that negotiations are still in the early stages and may not result in an agreement. If BlackRock does indeed acquire a stake in Millennium, it would mark the first time in 35 years that Englander has accepted external investment into Millennium's management company.

ChainCatcher news, hedge fund Coatue Management plans to raise $1 billion to increase investments in artificial intelligence and technological innovation. It is reported that this is the first time in several years that the company is seeking to raise funds for its flagship fund.Coatue Management is a New York-based hedge fund focused on technology companies. It led the $300 million Series C funding round for OpenSea, and its portfolio in the crypto space includes: blockchain security company CertiK, Bitcoin mining company Hut 8, crypto payment platform MoonPay, and crypto analytics platform Dune Analytics, among others.

ChainCatcher message, hedge fund manager Anthony Scaramucci stated that by 2026, the price of Bitcoin will triple, reaching $176,000.

ChainCatcher news, according to Bloomberg, two cryptocurrency hedge fund management companies, JellyC and Trovio Asset Management, announced a merger aimed at attracting institutional investor funds, including pension funds. Australia-based JellyC will become the main shareholder of the merged entity.

ChainCatcher news, former Goldman Sachs executive and founder of macro research firm Real Vision, Raoul Pal, stated on social media: "One day, people will realize that the biggest users of Bitcoin ETFs and most of the trading volume come from hedge funds, which are arbitraging between spot and futures, perpetual contracts. The inflow of funds is mainly not directional, only marginally impactful."Raoul Pal believes that most of the funds flowing into Bitcoin ETFs are not based on investors betting on the long-term rise and fall of Bitcoin (i.e., directional investment). Instead, this capital primarily comes from hedge funds using ETFs for short-term arbitrage, aiming to profit from price differences rather than relying on the price movement of Bitcoin itself, and most of the activity does not reflect the broader market sentiment towards Bitcoin's price trends.

ChainCatcher news, according to The Block, former FTX user Alexander Nikolas Gierczyk has filed a lawsuit in the U.S. District Court for the Southern District of New York, accusing the hedge fund Olympus Peak of violating an agreement regarding additional bankruptcy claim proceeds. It is reported that Gierczyk transferred his bankruptcy claim worth $1.59 million to Olympus Peak at a 58% discount in November 2023.Recently, U.S. Bankruptcy Court Judge John Dorsey in Delaware approved the FTX asset restructuring plan. The plan is expected to repay FTX creditors between 129% and 146% of the claim value at the time of the bankruptcy filing in fiat currency. According to the lawsuit documents, based on this repayment ratio, Olympus Peak is expected to profit between $1.1 million and $1.4 million from Gierczyk's claim.The lawsuit documents indicate that although Gierczyk transferred the claim at a discount, the agreement with Olympus Peak included an "excess claim clause." This clause was originally intended to allow Gierczyk to receive additional compensation in the same proportion if the bankruptcy distribution exceeded expectations. However, the plaintiff's attorney stated that Olympus Peak has explicitly indicated it will not fulfill its obligations under this clause.

ChainCatcher news, FTX customer Nikolas Gierczyk has sued the hedge fund Olympus Peak, accusing the fund of purchasing his debt and earning over $1 million from the transaction without paying him the full amount of the proceeds.Gierczyk stated that Olympus Peak owes him a larger payment because he sold $1.59 million in debt to the hedge fund at a "significant discount of 42%" last year, while FTX received approval for a bankruptcy restructuring plan this year, which is expected to return 129% to 146% of the debt value to customers.Gierczyk pointed out in the lawsuit that he explicitly stated his right to additional compensation in the agreement with Olympus Peak, but the fund refused to honor that right.

ChainCatcher news, a new survey shows that nearly half of hedge funds focused on traditional asset classes are now involved in cryptocurrency.According to the Global Cryptocurrency Hedge Fund Report released by the Alternative Investment Management Association and PwC on Thursday, 47% of hedge funds trading in traditional markets hold digital assets, up from 29% in 2023 and 37% in 2022. Among the funds that have already invested, 67% plan to keep their cryptocurrency capital at the same level, while the remaining funds plan to increase their investments before the end of 2024.

ChainCatcher news, according to Bloomberg Crypto on the X platform, Dubai now has 40 hedge funds with a scale of over $1 billion, and the hedge fund market is in a prosperous development stage.It is reported that the United States is also negotiating with the UAE on artificial intelligence.

ChainCatcher news, legendary hedge fund figure David Tepper stated that the Federal Reserve must cut interest rates at least two to three more times to maintain credibility. (Jin Ten)

ChainCatcher news, according to Jinshi reports, the U.S. Securities and Exchange Commission (SEC) is no longer seeking to restart the hedge fund trading fee disclosure rule.

ChainCatcher news, according to Coindesk, cryptocurrency bank Xapo and the asset management division of Swedish investment company Hilbert Group, Hilbert Capital, announced plans to jointly manage a Bitcoin-denominated hedge fund with an initial capital of $200 million. The fund is expected to launch in September and will be open to corporations, commercial institutions, and professional investors.Xapo director Joey Garcia stated that providing participants with products that not only offer exposure to Bitcoin prices but also enhance the value of Bitcoin investments in a structured way is a natural evolution for this asset class. The specific fee structure of the fund has not been disclosed, but both companies indicated it would be below the traditional "2 and 20" model of hedge funds.

ChainCather message, a user has created the "2024 Top Fund Investment Performance Dashboard" data on Dune Analytics, which tracks the year-to-date performance of 11 top venture capital funds. The data assumes that the funds have never sold the tokens of their investment projects, whether in the seed round or subsequent rounds. The tracking shows that, except for Coinbase Venture, the composite cumulative return rate of the investment portfolios of the other crypto venture funds is negative, including: OKX Venture, Pentera Capital, Delphi Venture, Spartan Venture, Binance Lab Venture, IOSG Venture, Multicoin Capital, Hashkey Capital, Polychain Capital, and Dragonfly Capital. Additionally, the data also indicates that the funding from these institutions this year has primarily flowed into three major areas: DeFi, Blockchain Infra, and GameFi.

According to ChainCatcher news, as reported by Bitcoin Magazine, 60% of the world's top 25 hedge funds have disclosed their Bitcoin ETF holdings. Among them:Citadel Investment Group: Holds 812 BTC, with an addition of 41 BTC this quarter.Millennium Management: Holds 27,263 BTC, with an addition of 1,429 BTC this quarter.Mariner Investment Group: Holds 930 BTC, with an addition of 493 BTC this quarter.Balyasny Asset Management: Holds 6 BTC, with an addition of 6 BTC this quarter.Renaissance Technologies: Holds 286 BTC, with an addition of 152 BTC this quarter.Point72 Asset Management: Holds 1,089 BTC.D.E. Shaw: Holds 132 BTC.Verition Fund Management: Holds 93 BTC.G.S. Asset Management: Holds 6,202 BTC, with an addition of 6,202 BTC this quarter.Schonfeld Strategic Advisors: Holds 6,734 BTC.Bluecrest Capital Management: Holds 9 BTC.Fortress Investment Group: Holds 1,181 BTC, with an addition of 428 BTC this quarter.Elliot Investment Management: Holds 1,092 BTC, with an addition of 924 BTC this quarter.Two Sigma Investments: Holds 458 BTC, with an addition of 428 BTC this quarter.Sculptor Capital Management: Holds 876 BTC.Other funds such as Bridgewater Associates, AQR Capital Mgmt., Alphadyne Asset Mgmt., etc., have not yet disclosed their Bitcoin ETF holdings.

ChainCatcher news, according to The Block, based on the 13F reports submitted by various hedge funds, these hedge funds collectively hold $4.7 billion worth of Bitcoin spot ETFs:Jane Street increased its position in IBIT by $221 million for the first time in Q2, while reducing its position in GBTC by 86%;European asset management firm Capula holds nearly $500 million in Bitcoin spot ETFs;Ken Griffin's Citadel increased its holdings in ProShares Bitcoin Strategy ETF shares from the first quarter to the second quarter by twofold, reaching 860,727 shares, currently valued at $19 million, and also holds $67 million in call options and $52 million in put options for the fund. Citadel also holds a smaller position in its remaining BTC ETF, valued at less than $10 million.