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Marshall Wace makes new hire for digital assets team: Bloomberg

Hedge fund Marshall Wace has begun bringing in new talent for its digital assets team as it prepares to push into blockchain investments.  The London-based firm, which manages about $60 billion, hired William Benattar for its crossover investment fund, Bloomberg first reported, citing people familiar with the matter. Benattar previously worked for Nick Candy at Candy Capital, where he headed up tech investments. In his new role he will focus on digital finance and private market investments, including funds, according …

Crypto funds outperformed traditional hedge funds and digital asset benchmarks

A big rally in stocks over the course of 2021 did not translate into outsized returns at some of the world’s largest hedge funds. But their crypto counterparts were able to produce returns that beat both stock and digital asset indexes.  In aggregate, hedge funds eked out a return of just over 10% last year, underperforming the S&P 500 index’s return of 26.9% as well as the aggregate performance of hedge funds in 2020. The lagging results of hedge fund …