Monthly Archives: May 2022
The selloff is overdone
(Opalesque) Authored by Heeten Doshi, founder of Doshi Capital Management: Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq […]
Quant hedge funds increasingly popular with investors
(Hedgeweek) Research from SigTech’s 2021 annual Hedge Fund Research Report saw 80 per cent of hedge fund managers expecting institutional investors to increase their allocation to quant strategies over the following year, and 86 per cent expecting quant hedge fund […]
Bitcoin jumps to $40,000 after Fed chair Powell rules out bigger rate hikes
(CNBC) The price of bitcoin climbed about 6% Wednesday after the Federal Reserve raised rates by half a point —the biggest hike in about 20 years — as expected. Bitcoin began climbing ahead of the end of the Federal Open […]
Facebook plans to reduce hiring as revenue growth slows and inflation concerns increase
(CNBC) Facebook parent Meta is slowing the pace of hiring as it reckons with its weakest revenue growth on record and ongoing business challenges, such as Apple’s privacy changes and the war in Ukraine. “We regularly re-evaluate our talent pipeline […]
Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
(CNBC) The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point, the most aggressive step yet in its fight against a 40-year high in inflation. “Inflation is much too high and we understand the hardship […]
Stock futures fall slightly after Fed induced relief rally
(CNBC) Stock futures fell slightly after the Federal Reserve raised rates by half a point and the major averages rallied to end the day. Futures tied to the Dow Jones Industrial Average lost 46 points, or 0.1%. S&P 500 futures […]
Tiger Global down over 40% YTD following 15% drop in April
(Hedgeweek) Tiger Global’s main hedge fund posted a 15.2% drop in April bringing losses year to date to almost 44%, according to a report by BusinessTimes. To read this article:
SEC Doubles Size of Enforcement’s Crypto Assets and Cyber Unit
(HedgeCo.Net) The Securities and Exchange Commission has announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the […]
Stock futures inch higher ahead of Fed’s big rate decision
(CNBC) Stock futures inched higher in overnight trading as investors braced for the Federal Reserve’s big interest rate decision on Wednesday, where the central bank is widely expected to hike rates by half a percentage point. Futures on the Dow […]
Quarter-end brings redemptions to majority of hedge funds
(Opalesque) Investors removed an estimated net $8.96 billion from hedge funds in March. Performance accounted for an increase in assets. The result of both factors was an increase in estimated industry AUM to $3.623 trillion, said eVestment. It is difficult […]
Airbnb beats estimates with 70% revenue growth as travel rebounds
(CNBC) Airbnb reported better-than-expected results on Tuesday and gave an upbeat forecast for the second quarter, as the company sees a rebound in travel coming out of the pandemic. The shares rose more than 6% in after-hours trading. To read […]
AMD sales jump 71%, shrugging off concerns about PC slowdown
(CNBC) AMD reported first-quarter earnings after the bell on Tuesday, beating analyst estimates for earnings and revenue, sending the stock up as much as 8% in extended trading. Here’s how the chipmaker did versus Refinitiv consensus estimates in the quarter […]