Monthly Archives: April 2021
Institutional investors add risk assets back into portfolios, says study
(Opalesque) Sovereign wealth funds and other institutional investors added risk assets back into portfolios as the COVID-19 pandemic lingers, said a study. A report by the International Forum of Sovereign Wealth Funds (IFSWF) and State Street found that investors have […]
Treasury Sec. Yellen to restart hedge fund oversight panel as part of financial reform goals
(CNBC) Treasury Secretary Janet Yellen laid out a three-pronged agenda on Wednesday to address what she described as ongoing threats to the nation’s financial system. Those threats include both disruptions that occurred early in the Covid-19 pandemic as well as more recent […]
Archegos fallout wipes over $9 billion from market value of Credit Suisse, Nomura
(Reuters) Investors on Wednesday tallied the fallout from Archegos Capital’s dramatic meltdown, with Nomura and Credit Suisse shares losing a collective $9 billion while heightened scrutiny of the hedge fund industry loomed. To read this article:
U.S. SEC official warns Wall Street of risks associated with blank-check companies
(Reuters) A U.S. markets watchdog official on Wednesday warned dealmakers in the frothy blank-check market to follow the regulatory demands associated with special purpose acquisition companies, or SPACs, amid concerns over problems with the capital-raising scheme. To read this article:
$16.44bn added into hedge funds in February 2021, bringing YTD inflows to $23.74bn
(Opalesque) Investors added an estimated $16.44 billion into hedge funds in February 2021, bringing YTD inflows to $23.74 billion. Performance was accretive to asset levels and total estimated industry AUM increased to $3.408 trillion. The industry saw net inflows in […]
“Cautiously optimistic”: New industry study find hedge funds buoyant in 2021 after overcoming Covid challenges
(Hedgeweek) Hedge funds are “cautiously optimistic” on their growth prospects for the coming year, according to a new deep-dive industry study jointly published by the Alternative Investment Management Association, Simmons & Simmons and Seward & Kissel. To read this article:
Cryptocurrency market value jumps $35 billion in 24 hours led by a surge in bitcoin
(CNBC)Cryptocurrency prices surged on Thursday, led by a big jump in bitcoin. The entire market capitalization or value of cryptocurrencies jumped $35.3 billion in 24 hours as of 2.19 p.m. Singapore time. To read this article:
US stock futures little changed after solid tech earnings, Facebook up more than 10%
(CNBC) Futures contracts tied to the major U.S. stock indexes were little changed in the overnight session Wednesday evening as both Facebook and Microsoft rallied after each issued better-than-expected revenue projections in their earnings reports. Dow Jones Industrial Average futures […]
Elon Musk says orders to stay home are ‘fascist’ in expletive-laced rant during Tesla earnings call
(CNBC) While answering analysts’ questions about liquidity amid the coronavirus pandemic, Musk called shelter-in-place orders “forcibly imprisoning people in their homes against all their constitutional rights.” To read this article:
Massive dislocations in the fixed income marketplace creates opportunities for top hedge funds
(Opalesque) (Don Steinbrugge, Agecroft Partners) The massive dislocations in the fixed income markets in March caused huge divergence in performance among hedge fund managers with similar strategies. The first quarter selloff affected most fixed income hedge fund strategies, including structured […]
SEC Charges Investment Adviser for Conducting Fraudulent “Cherry-Picking” Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Donald J. Kellen, an investment adviser representative based in Palos Verdes Estates, California, for conducting a multi-year cherry-picking scheme that defrauded his clients. According to the SEC’s complaint, from about […]
Covid-19 downturn will not stop ESG’s momentum, says Man Group
(Hedgeweek) The trend towards responsible investing and ESG is likely to maintain its momentum despite the potentially far-reaching impact of the coronavirus crisis, according to new research by Man Group. To read this article: