Monthly Archives: June 2022
Bitcoin drops below $21,000 briefly as crypto sell-off continues
CNBC) Bitcoin briefly fell below $21,000 on Tuesday in Asia before bouncing back slightly, continuing its plunge as investors sold off risk assets. The world’s largest cryptocurrency fell nearly 14% in the past 24 hours, while ethereum tumbled more than 12% […]
Stock futures rise after the S&P 500 closes in an official bear market
(CNBC) U.S. stock futures rose on Monday night after the S&P 500 dropped back into bear market territory ahead of the Federal Reserve’s two-day policy meeting this week. Dow Jones Industrial Average futures rose by 67 points, or 0.2%. S&P […]
GM’s stock closes below IPO price for first time since October 2020
(CNBC) Shares of General Motors on Monday closed below the post-bankrupt automaker’s $33 initial public offering price for the first time since October 2020. Amid a broad market sell-off that also pushed Ford Motor and Chrysler-parent Stellantis to new 52-week […]
New York-Based Investment Adviser and Its CEO and Former Chief Compliance Officer Charged with Securities Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against registered investment adviser A.G. Morgan Financial Advisors, LLC (“AGM”) of Massapequa, New York, AGM’s owner Vincent J. Camarda, and AGM’s former Chief Compliance Officer James McArthur, for unlawfully offering and […]
The Fed will raise rates in the week ahead, but what Chair Powell says may matter most
(CNBC) The week ahead may all come down to what Federal Reserve Chair Jerome Powell has to say at 2:30 p.m. ET Wednesday. Powell briefs the press following the central bank’s two-day meeting. The Fed is widely expected to raise […]
Nasdaq futures down nearly 2% after Wall Street’s worst week since January
(CNBC) U.S. stock futures fell Sunday night as Wall Street tries to recover from one of its worst weeks of 2022. Futures tied to the Dow Jones Industrial Average dropped 286 points, or 0.91%. Nasdaq 100 futures tumbled by 1.8%, […]
Maverick Capital and Lone Pine join list of tech stock hedge fund losers
(Hedgeweek) The tech stock rout continues to hit hedge funds hard with Maverick and Lone Pine both seeing falls of around 30% so far this year, according to a report by Bloomberg. The funds, run by Lee Ainslie and Steve […]
13F filings reveal dramatic drop in hedge fund equity ownership, says SEI Novus
(Hedgeweek) Hedge fund equity ownership – measured as an aggregate of 13F filings – decreased dramatically from December 2021 to May 2022 from $4.225 trillion to $3.434 trillion – a drop of 18.72%, according to data release by SEI Novus. […]
Emerging managers: outsourcing giving start-ups a timely shot at survival
(Hedgeweek) New Hedgeweek research shows emerging managers remain a driving force behind outsourcing activity, with almost 30% planning more To read this article:
Investment Adviser Charged with Orchestrating Multi-Million Dollar Ponzi Scheme
(HedgeCo.Net) The U.S. District Court for the District of Rhode Island has entered its final judgment and a permanent injunction against Patrick Churchville, the owner and president of Rhode Island-based investment advisory firm ClearPath Wealth Management, LLC, for defrauding the […]
Two-thirds of crypto hedge funds will fail, says Galaxy boss
(Hedgeweek) Galaxy Digital founder and CEO Mike Novogratz believes that the current market downturn means that two thirds of hedge funds that invest in cryptocurrencies and digital assets are destined to fail, according to a report by Bloomberg. To read […]
Hedge funds fell for a second straight month in May amid rising uncertainty over geopolitical and economic tensions
(Opalesque) The Eurekahedge Hedge Fund Index declined -0.52% in May 2022, trailing behind the S&P 500 which eked out a 0.01% return over the same period. Widespread investor caution and uncertainty over both geopolitical and economic tensions continued to linger […]
