Monthly Archives: June 2022
Bitcoin’s plunge spells trouble for the dot-com era entrepreneur who went all in
(CNBC) Having once lost $6 billion at the height of the dotcom bubble, software entrepreneur Michael Saylor is no stranger to volatility in the financial markets. In 1999, MicroStrategy, Saylor’s software firm, admitted to overstating its revenues and erroneously reporting […]
Hedge fund GPs and LPs at odds over investment priorities, says SEI paper
(Hedgeweek) Hedge fund managers and investors don’t currently see eye-to-eye when it comes to investment priorities, according to a new paper published by SEI. To read this article:
Schwab Subsidiaries Misled Robo-Adviser Clients about Absence of Hidden Fees
(HedgeCo.Net) The Securities and Exchange Commission today charged three Charles Schwab investment adviser subsidiaries for not disclosing that they were allocating client funds in a manner that their own internal analyses showed would be less profitable for their clients under […]
Hedge funds using misinformation to combat new financial regulations, say US unions
(Hedgeweek) Hedge funds are spreading misinformation by claiming they have the backing of the largest US unions in their ‘fight’ against new financial regulations, according to a report by The Financial Times. To read this article:
SS&C GlobeOp Hedge Fund Performance Index measured down 1.30% in in May
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index measured -1.30% in in May. To read this article:
Fed likely to boost interest rates by three-quarters of a point this week
(CNBC) Markets are beginning to anticipate an even faster pace of interest rate hikes, and Federal Reserve officials apparently are contemplating the possibility as well. Central bank policymakers are entertaining the idea of a 75 basis point increase to the […]
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%, […]