Monthly Archives: June 2022
Hedge funds fell for a second consecutive month in May
(Opalesque) Hedge funds fell for a second consecutive month in May with a return of -0.4%, dragging year-to-date returns further into the red at -1.4%. A steeper than expected rise in US consumer prices in May raised concerns about aggressive […]
Adobe shares move lower after full-year projections fall short
(CNBC) Adobe shares fell as much as 5% in extended trading on Thursday after the design software maker gave full-year guidance that fell short of analysts’ expectations. Earnings: $3.35 per share, adjusted, vs. $3.31 per share as expected by analysts, […]
Tiger Legatus closes doors after 13 years
(CNBC) Tiger Legatus, a hedge fund backed by Tiger Fund Management legend Julian Robertson, has brought the curtain down on 13 years of trading following the worst ever start to a calendar year for equity funds, according to a report […]
Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994
(CNBC) The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994. Ending weeks of speculation, the rate-setting […]
Sen. Warren asks bank regulator to reject TD’s $13.4 billion acquisition after customer-abuse report
(CNBC) Lawmakers led by Sen. Elizabeth Warren asked a key regulator to block Toronto-Dominion Bank’s $13.4 billion acquisition of a regional U.S. bank because of allegations of customer abuse. In a letter sent Tuesday to the Office of the Comptroller […]
GM investing $81 million to hand build ultra-exclusive Cadillac Celestiq electric cars
(CNBC) General Motors on Wednesday said it is investing $81 million at its global design and technology campus in suburban Detroit to hand build the upcoming Cadillac Celestiq – a new electric flagship car for the brand that will be […]
Institutional investors to replace retail investors as major holders of digital assets, says new study
(Hedgeweek) Institutional investors are set to replace retail investors as the major holders of digital assets, according to new research from digital currency asset manager Grayscale Investments. To read this article:
CTAs survive May’s wild ride
(Opalesque) Commodity prices except for oil retreated during May 2022 owing to the concern over an impending global recession driven by the hawkish Federal Reserve and geopolitical uncertainty. The Eurekahedge CTA/Managed Futures Hedge Fund Index was down -0.20% in May […]
Weiss Asset Management Charged with Short Selling Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced that investment advisory firm Weiss Asset Management LP has agreed to pay approximately $6.9 million to settle charges that it violated the federal securities laws when it unlawfully purchased stock in seven […]
Hedge funds and private equity the alternatives of choice for US investors
(Opalesque) With Intelligence‘s investor intentions data from April 2022 identified private equity (72%) and hedge funds (54%) as the alternative asset classes most likely to see inflows from US investors in the coming months. And, as in our December 2021 […]
Stock futures rise slightly as investors brace for a big Fed rate hike
(CNBC) Stock futures rose slightly in overnight trading Tuesday as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation. Futures on the Dow Jones Industrial Average gained 70 points. S&P 500 futures edged up 0.3% and Nasdaq […]
30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago
(CNBC) Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets. The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according […]