Monthly Archives: May 2021
What Next for Humans in The Hedge Fund Machine Learning Revolution?
(Hedgeweek) This year’s hedgeweekLIVE Technology Summit opened with an in-depth examination of future trends in hedge fund technology, with panellists exploring how managers are ramping up their use of natural language processing, AI and machine learning tools, and improving efficiency […]
SEC Charges Broker-Dealer with Order Execution Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged broker-dealer BTIG, LLC with repeatedly violating the order-marking and locate provisions of Regulation SHO, which regulates the short-selling of securities. According to the SEC’s complaint, from December 2016 through July 2017, BTIG […]
Robinhood will give retail investors access to IPO shares
(CNBC) Robinhood is giving amateur investors access to initial public offering shares in its latest move to democratize retail investing. IPO shares have historically been set aside for Wall Street’s institutional investors or high-net worth individuals. To read this article:
Billion-Dollar Club Hedge Funds Up 6.1% YTD after a 2.5% gain in April
(Opalesque) Hedge funds managing over $1bn outperformed their sub-$1bn peers in April, aided by another surge in event-driven performance, said HFM. The billion-dollar club (BDC) hedge funds rose 2.5% last month compared to an average 2.2% gain in the sub-BDC […]
U.S. Treasury calls for stricter cryptocurrency compliance with IRS, says they pose tax evasion risk
(CNBC) The Treasury Department on Thursday announced that it is taking steps to crack down on cryptocurrency markets and transactions, and said it will require any transfer worth $10,000 or more to be reported to the Internal Revenue Service. To […]
Dogecoin jumps after series of Elon Musk tweets fans more wild cryptocurrency trading
(CNBC) The price of dogecoin spiked on Thursday after Tesla CEO Elon Musk mentioned the coin on Twitter, adding another chapter to the volatile history of a cryptocurrency that started as a joke. The price of the digital coin was […]
U.S. proposes global minimum corporate tax rate of 15%, with an eye on something even higher
(CNBC) Corporations around the world should pay at least a 15% tax on their earnings, the Treasury Department said Thursday as part of its push for a global minimum for businesses. The final rate could go even higher than that. […]
How “omnipresent” client conferencing is a game-changer for hedge fund manager-investor relationships
Hedgeweek) The increased frequency of client communications during the pandemic has been a “game-changer” for the hedge fund manager-allocator dynamic, according to speakers on the fundraising and investor relations panel at this year’s hedgeweekLIVE Technology Summit. To read this article:
Bitcoin plunges 30% to $30,000 at one point in wild session, recovers somewhat to $38,000
(CNBC) The flagship cryptocurrency fell to more than three-month lows on Wednesday, dropping to about $30,000 at one point for a pullback of more than 30% and continuing a week of selling in the crypto space. Ether, the main coin […]
The Fed hinted it could reconsider easy policies if economy continues rapid improvement
(CNBC) Federal Reserve officials at their April meeting said a strong pickup in economic activity would warrant discussions about tightening monetary policy, according to minutes from the session released Wednesday. To read this article:
Global deals nosedives by 15.2% to 4,720 in April 2021
(CNBC) Global deal activity declined by 15.2% in April 2021, said a study. A total of 4,720 deals (comprising mergers & acquisitions, private equity, and venture financing) were announced globally during April 2021, which is a decline of 15.2% over […]
Credit Suisse says stocks appear poised for a ‘deeper correction’
(CNBC) Stocks around the world are consolidating and there could be more losses ahead, says Credit Suisse’s Ray Farris. The data is becoming “much choppier” as global growth momentum approaches a peak. “We’re probably going into a deeper correction in […]