Monthly Archives: June 2023
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 […]
Where have all the shareholder activists gone? Campaigns slow amid market turmoil
(Reuters) Activist investors intent on shaking up Corporate America may be getting cold feet as new data points to a slowdown of campaigns as markets gyrate amid fears of faster rate hikes, runaway inflation and geopolitical turmoil. The marked decline […]
Digital assets funds see record US$423m outflows
(Hedgeweek) Digital asset investment products saw outflows totalling $423 million last week, the highest since records began by a considerable margin, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. To read this article:
Russian war hits emerging markets hedge funds, says HFR
(Hedgeweek) Emerging Markets hedge funds extended Q1 declines through May, with losses driven by exposure to Russian assets as well as the impact of global inflation, rising US interest rates and slowing economic growth. To read this article:
Ernst & Young to Pay $100 Million Penalty for Employees Cheating on CPA Ethics Exams and Misleading Investigation
(HedgeCo.Net) Largest Penalty Ever Imposed by SEC Against an Audit Firm The Securities and Exchange Commission has charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) […]
Stock futures are flat after failed attempt at a rally
(CNBC) Stock futures were flat early on Wednesday after the major averages made a failed attempt at a bounce. Futures tied to the Dow Jones Industrial Average edged up 0.16% or 51 points, while the S&P 500 and the Nasdaq […]
Disney extends CEO Bob Chapek’s contract by three years
(CNBC) Disney has extended CEO Bob Chapek’s contract for three years, the company announced Tuesday. Chapek’s contract was set to expire in February next year, three years after he unexpectedly took the reins from Bob Iger. The board, which met […]