Monthly Archives: May 2021
KKR earnings surge 63% on strong capital market business
(Reuters) Private-equity firm KKR & Co Inc said on Tuesday its first-quarter after-tax distributable earnings surged 63% year-on-year, driven by growth in its capital markets business and public market holdings. After-tax distributable earnings (DE) – the cash used for paying […]
Berkshire Hathaway faces headwinds as shareholders look to its future
(Reuters) Making money at Berkshire used to be like “shooting fish in a barrel,” Buffett’s long-time business partner Charlie Munger said at its annual meeting on Saturday. “But that’s gotten harder,” Munger added. To red this article:
Robinhood hits back at Buffett for retail trading comments
(Reuters) Retail-focused brokerage Robinhood Financial has hit back against comments by Warren Buffett who on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers. To read this article:
Wealthy may face up to 61% tax rate on inherited wealth under Biden plan
(CNBC) Wealthy families could face combined tax rates of as much as 61% on inherited wealth under President Joe Biden’s tax plan, according to a recent analysis and tax accountants. To read this article:
“Fruitful” opportunities ahead for macro hedge funds, but credit strategies face Q2 challenges
(Hedgeweek) Discretionary macro hedge funds can expect a “fruitful opportunity set” over the next three months thanks to continued market unpredictability, but falling default rates have soured the Q2 outlook for distressed credit strategies, according to Man FRM’s quarterly hedge […]
Fed’s Barkin sees higher inflation this year, but then a reversal in 2022
(CNBC) Richmond Federal Reserve President Thomas Barkin told CNBC on Monday that he sees inflation pressures building this year that he expects to subside in 2022. “I think we will see price pressure this year. You’ve got a very strong […]
Venture capitalist Alan Patricof: Capital gains tax hike would not change investor behavior
(CNBC) Alan Patricof, a longtime tech investor and Democratic donor, says he is not concerned about the prospect of higher capital gains taxes for wealthy Americans. To read this article:
Under Armour Inc. Charged With Disclosure Failures
(HedgeCo.Net) The Securities and Exchange Commission has charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour has agreed to […]
Why investors should ignore the old Wall Street adage ‘Sell in May’
(CNBC) The “sell in May, and go away” strategy isn’t getting much love on Wall Street this year. Market pros acknowledge that history clearly shows the market’s strongest six-month period is November to April, but they also say that’s not […]
Consultant and Board Member Charged with Insider Trading.
(HedgeCo.Net) The U.S. District Court for the District of Massachusetts has Entered a Partial Judgment in a Previously-Filed SEC Case Charging Oregon Resident Mark Ahn with Engaging in Insider Trading in the Securities of a Massachusetts-Based Pharmaceutical Company, Dimension Therapeutics, […]
Hedge funds close Q1 with +USD17.68bn in flows, total AUM at USD3.417tn
(HedgeWeek) While investors pulled USD9.36 billion from the global hedge fund sector in March, quarterly flows remained positive, at +USD17.68 billion, according to the just-released March 2021 eVestment Hedge Fund Asset Flows Report. To read this article:
U.S. money market funds see biggest weekly inflow in a year -Lipper
(Reuters) U.S money market funds lured the biggest inflow in a year, in the week ended April 28, on caution ahead of a U.S. Federal Reserve policy meeting, with investors also anxious about the speed of the equity rally in […]