Monthly Archives: June 2022

Quant funds cash in on crypto volatility

(Hedgeweek) Some computer-driven quant funds are benefitting from the current turmoil in the cryptocurrency markets, according to a report by The Financial Times. To read this article:

42% of AuM across private capital is managed by funds that have an active ESG policy

(Opalesque) Preqin has published its annual Environmental, Social, and Governance (ESG) report: ESG in Alternatives 2022: The Transparency Tipping Point. The report provides the latest insights on developments in what is becoming a necessary competency for private market managers that […]

Powell tells Congress the Fed is ‘strongly committed’ on inflation, notes recession is a ‘possibility’

(CNBC) Federal Reserve Chairman Jerome Powell told congressional lawmakers Wednesday that the central bank is determined to bring down inflation and has the ability to make that happen. “At the Fed, we understand the hardship high inflation is causing. We […]

Financial advisors want alternative investments for everyone,

(Opalesque) A majority of financial professionals, including RIAs, believe that all retail investors should have the same access to alternatives as accredited investors. Financial advisors already widely recommend that clients who meet the accredited investor requirements allocate to alternatives, according […]

Coinbase shares fall after rival Binance.US drops spot bitcoin trading fees

(CNBC) Coinbase shares fell almost 10% on Wednesday after rival crypto exchange Binance.US said it’s dropping certain trading fees for customers. Binance.US, the U.S. affiliate of the largest crypto exchange in the world by trading volume, said it will allow […]

Digital assets investment products outflows total $39m

(Hedgeweek) Digital asset investment products saw outflows totalling $39 million, according to the latest Digital Assets Weekly Fund Flows report from CoinShares. Total assets under management (AuM) are now at their lowest point since February 2021, at $36 billion, a […]

Short covering behind US stock market bounce

(Hedgeweek) Short covering may be a major contributory factor to Tuesday’s US stock market bounce, according to a report by Bloomberg. To read this article:

Two Sigma seeking $180m for managed futures product

(Hedgeweek) US quant investment firm Two Sigma Investment’s China private fund business – the Chinese equivalent of a hedge fund – is seeking to raise about RMB1.2 billion ($180 million) for its managed futures product, according to a report by […]

SEC Charges Egan-Jones Ratings Co. and CEO with Conflict of Interest Violations

(HedgeCo.Net) The Securities and Exchange Commission today charged Haverford, PA-based Egan-Jones Ratings Company, a nationally recognized statistical rating organization (NRSRO) registered with the Commission in certain ratings classes, with violating conflict of interest provisions. The SEC also charged the company’s […]

Growing forecasts for U.S. recession may spell more trouble for stocks

(Reuters) The Federal Reserve’s aggressive monetary policy tilt has prompted some of Wall Street’s biggest banks to ramp up forecasts for a U.S. recession, threatening more downside for an already bruised stock market. To read this article:

Fraud trial against Elizabeth Holmes’ partner at Theranos nears end

(CNBC) In a harshly worded closing argument, prosecutors on Tuesday said former Theranos COO Ramesh “Sunny” Balwani “wasn’t a victim, he was the perpetrator of fraud” in the company’s downfall, while his attorney blasted the government’s case calling it inconsistent. […]

Stock futures decline after markets claw back some losses from weeks of selling

(CNBC) U.S. stock index futures fell early Wednesday after the major averages jumped in regular trading hours, attempting to claw back some losses following weeks of selling. Futures contracts tied to the Dow Jones Industrial Average slipped 264 points or […]