Hedge, a privately owned Dutch company founded in 2016, develops and provides video processing and playout software for professional video users. As of 2023, the company employs approximately 30 people and generates less than $10 million in annual revenue.
On an unspecified date, Hedge tightened flexible working arrangements following a period of poor performance by its systematic investing arm, AHL. Separately, Shiliang Tang, CEO and managing director of Monarq, joined the company. Tang previously worked at Bank of America Merrill Lynch and UBA as a volatility trader before transitioning to cryptocurrency in 2017. This follows comments made by FalconX CEO Raghu Yarlagadda in October predicting industry consolidation. On Friday, Hedge funds presented investment ideas at the Sohn Hong Kong Investment Leaders Conference, including Japanese tiremakers, Hungarian pharmaceutical companies, and Chinese tech giants PDD Holdings Inc., Baidu Inc., and Didi Global Inc. Also, BNP Paribas Financial Markets acquired a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) during the fourth quarter, according to a Securities & Exchange Commission filing. Finally, an analysis by 10x Research indicated that cryptocurrency hedge funds underperformed Bitcoin since 2017, with an average return of 272%.