Monthly Archives: April 2021
Bitcoin’s sell-off by the numbers: Oppenheimer puts the latest drop into perspective
(CNBC) It’s been a wild few days for bitcoin. The cryptocurrency fell close to $52,000 on Sunday, sharply off its record high set last week above $64,800. The sell-off was tied to rumors of a regulatory crackdown in the U.S., […]
IBM beats across the board, posts revenue growth after four quarters of declines
(CNBC) IBM shares rose up to 4% in extended trading on Monday after the enterprise technology and services maker reported first-quarter earnings that came in better than analysts had expected. To read this article:
All-Star Money Manager Rich Bernstein warns Investors are poorly prepared for inflation
(CNBC) Institutional Investor Hall of Famer Richard Bernstein is finding a lot of denial about inflation risks. According to Bernstein, the evidence is baked in to how investors are positioned right now. “Think about what people love. They love long-duration […]
SEC Obtains Final Judgment Against Fraud Guarantee Co-Founder for Engaging in Fraudulent Securities Offering
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a final consent judgment against Florida resident David Correia for his role in participating in an offering fraud that raised millions of dollars from investors. According […]
Bitcoin tumbles from recent high as cryptocurrencies take weekend hit
(CNBC) The price of bitcoin tumbled over the weekend and was down as much as 19.5% from record highs posted by the popular cryptocurrency in the past week. Bitcoin dropped as low as $52,148.98 on Sunday morning after reaching an all-time […]
Hedge funds return 1.23% in March, up 4.93% year to date
(Opalesque) The hedge fund industry continued its positive run in March returning 1.23% for a fifth consecutive month in the black, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison the S&P […]
Man Group reports $600m inflows, confident of more in coming quarters
(Opalesque) British hedge fund manager Man Group said it saw a rise in funds under management in the first quarter, driven by investment gains and net fund inflows. The London-listed company said it had funds under management of USD127.0 billion […]
Morgan Stanley reveals $911 million Archegos loss as profit jumps
(Reuters) Morgan Stanley (MS.N) lost nearly $1 billion from the collapse of family office Archegos Capital Management, the bank said on Friday, muddying its 150% jump in first-quarter profit that was powered by a boom in trading and deal-making. Morgan […]
Credit Suisse sued over risk exposure to Greensill Capital, Archegos
(Reuters) A pension fund filed a lawsuit against Credit Suisse Group AG (CSGN.S) on Friday in a U.S. court, accusing the Swiss bank of misleading investors and mismanaging risk exposure to high-risk clients, including Greensill Capital and Archegos Capital Management. […]
Private debt fund managers closed 32 funds raising a combined $25bn in Q1 2021
(Opalesque) Private debt fundraising slowed in the first quarter of 2021, hit by rising uncertainty around a pickup in inflation expectations, said a report. According to Preqin Quarterly Update Private Debt Q1 2021, the quarter saw private debt fund managers […]
Stock futures mixed after Dow, S&P 500 close at record highs
(CNBC) U.S. stock index futures were mixed in early morning trading on Monday, after the S&P 500 and Dow Jones Industrial Average closed at record highs on Friday. Futures contracts tied to the Dow slid 80 points while S&P 500 […]
SEC Charges IIG Co-Founder Martin Silver With Fraud
(HedgeCo.Net) The Securities and Exchange Commission today announced partially settled charges against Martin Silver of Long Branch, New Jersey, in connection with a fraudulent scheme to overvalue assets held in a hedge fund offered by his investment advisory firm, International […]