Monthly Archives: May 2021
Elon Musk says he talked to ‘North American Bitcoin miners,’ sending bitcoin price surging
(CNBC) The price of bitcoin jumped about 4% Monday afternoon after Tesla CEO Elon Musk tweeted that he was having active discussions regarding the sustainability of the digital coin. Bitcoin was trading around $38,074, according to Coindesk, when at about […]
Bitcoin’s trading action lately is wild even by crypto’s standards and the drama is not over yet
(CNBC) Bitcoin is still in a stretch of double-digit intraday moves after briefly halving its value last week, and Wall Street strategists say this crazy run won’t be over anytime soon. It’s been a rude awakening for bitcoin investors who […]
Dollar drifts lower as Fed speakers soothe inflation fears
Reuters) The dollar coasted at the bottom of its recent range on Tuesday, as softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher. To […]
Global crypto hedge fund AUM reaches $3.8bn in 2020, up from $2bn in 2019
(Opalesque) According to a new report by the Alternative Investment Management Association, and Elwood Asset Management, the percentage of crypto hedge funds with AuM over US$20 million increased in 2020 from 35% to 46%. To read this article:
SEC Obtains Final Judgment Against Broker Charged with Defrauding Customers
(HedgeCo.Net) The U.S. District Court for the Southern District of New York entered a final consent judgment against a New York-based broker who was previously charged by the SEC with defrauding retail customers. On September 7, 2018, the SEC charged […]
Bitcoin resumes sell-off over weekend, falls below $32,000
(CNBC) The bitcoin sell-off continued Sunday following a roller-coaster week of trading, as authorities in China and the U.S. move to tighten regulation and tax compliance on cryptocurrencies. Bitcoin fell roughly 16% to $31,772.43 by 12:27 p.m. ET, according to […]
Stock futures are flat after Dow, S&P 500 post losing week
(CNBC) U.S. stock index futures were little changed during overnight trading on Sunday, after the S&P 500 posted its second negative week in a row. Futures contracts tied to the Dow Jones Industrial Average gained 44 points. S&P 500 futures […]
Wild west’ mentality is gripping housing, stocks and crypto
(CNBC) Nobel prize-winning economist Robert Shiller is worried a bubble is forming in some of the market’s hottest trades. He’s notably concerned about housing, stocks and cryptocurrencies, where he sees a “wild west” mentality among investors. To read this article:
Pandemic piles pressure onto hedge funds’ cybersecurity
(Hedgeweek) The coronavirus pandemic has brought about a sea change in hedge funds’ cybersecurity concerns, with the remote working environment pushing firms to re-evaluate how they safeguard and secure data and privacy in the cloud amid a rise in phishing […]
Private Debt Investors Doubtful of their Ability to Handle Defaults in a Post-Pandemic Downturn
(Hedgeweek) An overwhelming majority (87 per cent) of capital markets investors are pursuing direct lending strategies though almost half (47 per cent) lack confidence in their ability to manage loss recoveries which could have serious implications if corporate defaults rise […]
Workers’ wages are rising at the fastest pace in years. Companies’ profits could take a hit
(CNBC) Workers are getting higher wages, but at some point that could bite into companies’ profits. As the economy reopens, costs are climbing for everything from packaging and raw materials to shipping. In addition to these expenses, companies are also […]
SS&C GlobeOp hedge fund Forward Redemption Indicator at 2.46 per cent for May
(Hedgeweek) SS&C Technologies Holdings, Inc has announced that the SS&C GlobeOp Forward Redemption Indicator for May 2021 measured 2.46 per cent, down from 2.07 per cent in April. To read this article: