Monthly Archives: April 2021
Managed futures hedge funds generate ‘fantastic’ Q1 returns amid upward market momentum
(Hedgeweek) Managed futures hedge funds have finished the first quarter of the year in positive territory, seizing on upwards trends in equities indices and the US dollar while weathering the recent bond market and commodities upheaval. To read this article:
Hedge funds extend gains to continue strong 1Q
(Opalesque) Hedge funds advanced in March for the sixth consecutive month despite acceleration in realized equity market volatility, completing a strong 1Q 2021. Recent strong performance has been driven by exposure to out-of-favor, deep value equities, as well as by […]
“Substantial” market rotation will offer fresh alpha opportunities in second quarter, says K2 Advisors
(Hedgeweek) Hedge funds can capitalise on a “substantial” sector and asset class rotation during the second quarter, as an uneven economic recovery, bumpy vaccine rollouts and an inflationary environment drive dispersion across industries, K2 Advisors said this week. To read […]
Robinhood failed to disclose certain trade executions to public feed
(Reuters) Retail brokerage Robinhood Financial did not report a certain type of stock trade it executed for customers last year to a public data feed, according to regulatory data analyzed by Reuters and a source familiar with the matter. So-called […]
Enjoy this ride’ — Wharton’s Jeremy Siegel says stock market could go up 30% before boom ends
(CNBC) Wharton School finance professor Jeremy Siegel said Thursday he expects the stock market’s rally will persist at least throughout this year. However, he told CNBC that investors will have to be cautious once the Federal Reserve adjusts its highly accommodative monetary […]
SoftBank invests $500 million in digital mortgage lender Better.com
(CNBC) SoftBank has invested $500 million in digital mortgage lender Better.com amid what has been a hot U.S. residential real estate and mortgage refinancing market fueled by record low interest rates. The news was first reported by The Wall Street Journal on […]
Bitcoin ETF coming ‘in a year or two,’ analyst says as SEC mulls applications
(Reuters) The Securities and Exchange Commission formally acknowledged a bitcoin ETF proposal from VanEck just two weeks ago, starting the countdown on its 45-day approval timeline. But seeing a bitcoin ETF approved in the next 30 days isn’t that likely, […]
Coinbase estimates Q1 revenue jumped nine-fold to about $1.8 billion ahead of public market debut
(CNBC) In preparation for its debut on the Nasdaq next week, cryptocurrency exchange Coinbase said on Tuesday that first-quarter revenue climbed about nine-fold from last year, driven by a historic rally in the price of bitcoin. Revenue in the period […]
Jeff Bezos says he supports a hike to corporate tax rate
(CNBC) Amazon CEO Jeff Bezos on Tuesday voiced support for raising the corporate tax rate but stopped short of saying he supports President Joe Biden’s plan for the increase. “We support the Biden Administration’s focus on making bold investments in […]
JPMorgan Chase CEO Jamie Dimon: Fintech is an ‘enormous competitive’ threat to banks
(CNBC) Jamie Dimon, JPMorgan Chase chairman and CEO, listed fintech as one of the “enormous competitive threats” to banks in his annual shareholder letter released Wednesday. “Banks … are facing extensive competition from Silicon Valley, both in the form of […]
Fed’s Brainard says the economy is improving but is still ‘far from’ where it needs to be
(CNBC) Federal Reserve Governor Lael Brainard said Wednesday that while the U.S. economic outlook has “brightened considerably,” it remains well away from the central bank’s goals. “Brighter outlook, but of course our monetary policy forward guidance is premised on outcomes […]
More alternative investment dollars to go to less liquid strategies and emerging managers
(Opalesque) U.S. law firm Seward & Kissel LLP released the findings of its first Alternative Investment Allocator Survey. They found that those who allocate alternative investment dollars for large investors are likely to increase allocations to less liquid strategies and […]