Monthly Archives: April 2021
JPMorgan profit surges on huge trading, investment banking boost
(REUTERS) JPMorgan Chase & Co reported substantially higher first-quarter earnings on Wednesday, as the largest U.S. bank released more reserves and was aided by a blowout quarter from its trading desks and soaring investment banking fees. JPMorgan, widely seen as […]
Jamie Dimon says U.S. consumers are ‘coiled, ready to go’ with $2 trillion more in checking accounts
(CNBC) Government stimulus programs aimed at reducing suffering during the coronavirus pandemic have left consumers flush with savings – and that bodes well for the economic recovery under way, according to JPMorgan Chase CEO Jamie Dimon. To read this article:
March retail sales are expected to have surged as consumers spent $1,400 checks
(CNBC) March retail sales are expected to be strong, and some economists say stimulus checks may have quickly made their way into the economy, contributing to an even bigger gain of 10% or more. The March sales data, released at […]
SEC Wins Judgment Against Former Georgia Legislator Charged with Fraud
(HedgeCo.Net) The United States District Court for the Northern District of Georgia has entered final judgment on the SEC’s fraud claims against former Georgia state legislator Clarence Dean Alford. The SEC’s complaint alleged that from 2017 to 2019, Alford, who […]
Coinbase gets reference price of $250 per share from Nasdaq ahead of Wednesday’s direct listing
(CNBC) Nasdaq gave Coinbase a reference price of $250 a share on Wednesday ahead of its planned direct listing, which would value the cryptocurrency exchange at about $65.3 billion on a fully diluted basis. Coinbase is set to become the […]
Coinbase is unlike any market debut Wall Street has ever seen
(CNBC) Coinbase is poised to command an astronomical valuation when the digital currency exchange goes public on Wednesday. But ask 10 market experts how the company shouldbevalued, and you’ll likely get 10 different answers. That’s because Coinbase’s current business — […]
Investors pour more money into U.S. stocks than China’s as interest comes ‘roaring back’
(CNBC) Investors are putting billions of dollars more into U.S. stock funds than Chinese ones, according to data from fund research firm EPFR Global. “The baton seems to be getting handed over,” said Cameron Brandt, director of research at EPFR, […]
Credit Suisse identifies $2.3 billion of exposed assets in Greensill-linked funds
(Reuters) Credit Suisse has identified $2.3 billion worth of loans exposed to financial and litigation uncertainties in its Greensill-linked supply chain finance funds, it told investors on Tuesday. To read this article:
Chinese Hedge Fund Jumps 258% After Dumping Ray Dalio’s Strategy
(Bloomberg) Shanghai hedge fund manager Li Bei says she learned quickly that the low-volatility approach to investing behind the rise of Bridgewater Associates was doomed in China for a startup like hers. Steady returns did little to draw investors used […]
Wiltshire Liquid Alternative Index returns 0.97 per cent in March
(Hedgeweek) The Wiltshire Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.97 per cent in March, outperforming the –0.06 per cent monthly return of the HFRX Global Hedge Fund Index. To […]
Federal Court Orders The Alista Group, LLC and Florida Man to Pay More Than $2.6 Million in Precious Metals Fraud
(HedgeCo.Net) The Commodity Futures Trading Commission has announced today that the U.S. District Court for the Middle District of Florida entered an order granting the CFTC’s motion for entry of default judgment against defendants The Alista Group, LLC of Orlando, […]
Hedge Funds ‘most confident’ for positive prospects in 2021 – new confidence index from AIMA
(Hedgeweek) The AIMA Hedge Fund Confidence Index (HFCI) is a new global index which measures the level of confidence that hedge funds have in the economic prospects of their business over the next 12 months. AIMA today announces that according […]