Monthly Archives: April 2022
GameStop shares soar more than 10% as company plans stock split
(CNBC)GameStop shares surged in extended trading Thursday after the company said it planned to implement a stock split. The video game retailer said it will seek stockholder approval at its next shareholder meeting for an increase in the number of […]
Stock futures bounce as investors assess start of new quarter, bond market recession indicator
(CNBC) Stock futures rose early Thursday as investors assessed a new quarter of trading and a troublesome bond market recession indicator. Investors were also awaiting the official jobs report for March, which the Labor Department will release at 8:30 a.m. […]
Online Tutoring Company and Its CEO Charged with Fraud
(Hedgeco.Net) The Securities and Exchange Commission today charged Students of Strength, Inc., which operated in Massachusetts and Texas, and its CEO, Rahsaan King, with raising money by making false and misleading statements to investors. King and his company have offered […]
Biden’s Plan Would Eliminate Private Equity’s Coveted Tax Break
(Bloomberg) Private equity’s most lucrative tax break is in peril once more. Included in President Joe Biden’s plan to fund an ambitious expansion in social spending, released Wednesday, is a call on Congress to abolish the preferential treatment given to […]
Man Numeric sees quant credit funds as opportunity “to go against the grain”
(Hedgeweek) Systematic hedge funds are increasingly well placed to tap into inefficiencies within credit assets – a market often seen as unworkable for most computer-based strategies, credit heads at Man Numeric say. To read this article:
Fidelity launches securities lending platform for fund managers to profit from short-sellers
(Opalesque) U.S. asset management giant Fidelity Investments is opening its internal securities lending platform to third-party asset managers and financial institution. To read this article:
Hedge funds extend winning streak to six months and recorded strongest Q1 return since 2006
(Opalesque) Opalesque Industry Update – Hedge fund managers the ended month of March up 1.04% on an equal-weighted basis, and down 0.63% on an asset-weighted basis, said Eurekahedge. To read this article:
Fiscal stimulus powers U.S. economic growth in first quarter
(Reuters) U.S. economic growth accelerated in the first quarter as the government gave money to mostly lower-income households, fueling consumer spending and setting the course for what is expected to be the strongest performance this year in nearly four decades. […]
Energy-focused hedge fund Luminus liquidates assets of largest fund
(Reuters) Luminus Management LLC, a hedge fund focused on energy and power sectors, has sold almost all the assets in its largest fund to return money to investors. Assets under management for the firm dropped to $1.15 billion from $2.1 […]
Wealthfront gives green light to investment in cryptocurrencies
(Reuters) Wealthfront will start allowing clients to invest in cryptocurrencies later this year, the U.S. digital wealth manager said on Wednesday, in the latest sign of growing acceptance of digital assets by mainstream finance. Starting this week, users will also […]
Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks
(CNBC)Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected. Apple stock rose over 4% at one point in extended trading. To read this article:
The Fed leaves rates unchanged – Here’s what experts are watching now
(CNBC) The Federal Reserve left interest rates unchanged at its April meeting Wednesday. David Kelly, chief global strategist at JPMorgan Asset Management, is monitoring potential asset bubbles. To read this article: