Monthly Archives: June 2023
March hedge fund redemptions total $18.31bn
(Hedgeweek) Hedge fund industry redemptions continued in March with $18.31 billion in net outflows, representing 0.37% of industry assets, according to the Barclay Fund Flow Indicator published by Backstop BarclayHedge. To read this article:
JPMorgan’s Dimon says other execs at the bank could have booted Epstein when he was a client
(CNBC) JPMorgan Chase CEO Jamie Dimon testified last week that top bank executive Mary Erdoes and the firm’s then-head lawyer had the authority to boot sex predator Jeffrey Epstein as a customer well before Erdoes finally took that step in […]
Dow futures inch lower after House passes debt ceiling bill: Live updates
(CNBC) Stock futures inched lower Wednesday after the U.S. House advanced the debt ceiling bill in a crucial step to avoid a U.S. default, advancing it to the Senate just days ahead of the default deadline. Futures on the Dow […]
Amazon to pay over $30 million in FTC settlements over Ring, Alexa privacy violations
(CNBC) Amazon will pay the Federal Trade Commission more than $30 million to settle allegations of privacy lapses in its Alexa and Ring divisions, according to filings on Wednesday. The agency filed a lawsuit alleging Amazon’s Ring doorbell unit violated […]
Bitcoin falls ahead of debt ceiling vote, caps its first losing month of the year
(CNBC) Bitcoin fell Wednesday to cap its first down month of the year as optimism around the debt ceiling rally fizzled. The crypto market leader lost 2.77% to trade at $27,057.81, according to Coin Metrics. Ether slipped 2.2% to $1,865.82. […]
UBS sees increase in hedge fund bets by family office clients
(Hedgeweek) Heightened market volatility and economic uncertainty stemming from surging inflation and rising interest rates, not to mention ongoing geopolitical tensions, have prompted UBS Group AG’s family office clients to significantly increase their allocations to hedge funds, according to a […]
SS&C GlobeOp Forward Redemption Indicator up to 3.23% for May
(Hedgeweek) SS&C Technologies’ SS&C GlobeOp Forward Redemption Indicator for May 2023 measured 3.23%, an increase of 1.3% on April’s figure of 1.93%, and significantly ahead of the 1.97% recorded for the same period twelve months ago. To read this […]
Digital assets funds see sixth consecutive week of outflows
(Hedgeweek) Digital asset investment products saw outflows totalling $39 million, representing the sixth consecutive week of outflows which now total a combined $272 million, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article:
Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll
(CNBC) Major cryptocurrency hedge fund Three Arrows Capital has fallen into liquidation, a person with knowledge of the matter told CNBC, marking one of the biggest casualties of the latest so-called “crypto winter.” Teneo has been brought on board in […]
Powell vows to prevent inflation from taking hold in the U.S. for the long run
(CNBC) Federal Reserve Chair Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term. “The risk is that because of the multiplicity of shocks you start to transition to […]
Crypto exchange CoinFlex probably won’t resume withdrawals Thursday as planned, says CEO
*CNBC) Embattled cryptocurrency exchange CoinFlex will probably not be able to let customers withdraw money again on Thursday as it originally planned, CEO Mark Lamb said on Wednesday. “We will need more time. And it’s unlikely that withdrawals will be […]
Hedge funds remain cautiously optimistic about their economic prospects
(Opalesque) According to AIMA Hedge Fund Confidence Index‘s Q2-2022 report, confidence levels reported by hedge funds remain upbeat despite continued economic and geopolitical headwinds impacting the global economy, including the war in Ukraine, consumer price inflation being at a 40-year […]
