Monthly Archives: May 2021
Warren Buffett says Robinhood is catering to the gambling instincts of investors
(CNBC) Legendary investor Warren Buffett believes millennial-favored stock trading app Robinhood is contributing to the speculative, casino-like trading activity in the stock market and benefitting from it. Robinhood has “become a very significant part of the casino aspect, the casino […]
New York Life launches $1bn impact investing fund
(Opalesque) New York Life has launched a $1 billion impact investment initiative with the aim to address the racial wealth gap by investing in underserved and undercapitalized communities over the next three years with a focus on supporting small businesses, […]
Stock futures rise ahead of first trading day of May
(CNBC) U.S. stock futures moved higher in overnight trading on Sunday as investors readied for the first trading day of May. Dow futures rose about 125 points. S&P 500 futures gained 0.45% and Nasdaq 100 futures rose 0.33%. Despite Friday’s […]
Energy-focused hedge fund Luminus liquidates assets of largest fund – WSJ
(Reuters) Luminus Management LLC, a hedge fund focused on energy and power sectors, has sold almost all the assets in its largest fund to return money to investors. To read this article:
A powerful rotation out of tech stocks could start this month, Wells Fargo’s Chris Harvey says
(CNBC) Wells Fargo Securities’ Chris Harvey is calling Big Tech’s recent outperformance a “head fake.” In a recent note to investors, he wrote economically sensitive groups will overtake growth as a leading market driver, and the powerful rotation could happen […]
Unregistered $25.5 Million ICO Issuer to Return Money for Distribution to Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against blockchain services company BitClave PTE Ltd. headquartered in San Jose, California, for conducting an unregistered initial coin offering (ICO) of digital asset securities. BitClave agreed to settle the charges by […]
Bloomberg and JP Morgan launch post-trade workflow solution
(Hedgeweek) JP Morgan’s Securities Services and Bloomberg are collaborating on a solution that transforms the post-trade workflow through direct front-to-back process, product, and data integration. To read this article:
Madoff court battle rages on, heading to the Supreme Court
(Opalesque) Bernie Madoff was convicted of fraud in 2009, but the court battle to recover money lost by investors continues on. Today the Supreme Court will decide if it is going to hear arguments that would allow Irving Picard, the […]
Hedge fund AUM falls to $3.31tn as investors redeem $31bn in Q1:
(Opalesque) Preqin, a provider of data on investments in alternative assets, said that hedge fund industry’s assets under management (AUM) have declined by 9.4% from Q4-2019, to reach $3.31 trillion at the end of March 2020. “This is the first […]
This could be the year’ for active management, says NYSE head of exchange-traded products
(CNBC) NYSE ETF chief talks the state of the industry as assets under management climb.It could be an A-list year for active management.Douglas Yones, head of exchange-traded products at the New York Stock Exchange, says 2020 could be a breakout […]
Stock futures slip, with Wall Street set to give back some of May’s strong gains
(CNBC) U.S. stock futures fell on Sunday night as Wall Street was set to kick off June trading on a sour note after consecutive monthly gains. Dow Jones Industrial Average futures traded 39 points lower, or 0.15%. S&P 500 and […]
Low-volatility ETF cuts exposure to utilities, adds to health care, technology — what it means for investors
(CNBC) Low-volatility ETF gets a revamp. What it means for investors. One of the top low-volatility ETFs just got a revamp.The Invesco S&P 500 Low Volatility ETF (SPLV), a portfolio of 100 S&P stocks that have exhibited the lowest levels […]