Monthly Archives: June 2022
Fed GDP tracker shows the economy could be on the brink of a recession
(CNBC) A widely followed Federal Reserve gauge is indicating that the U.S. economy could be headed for a second consecutive quarter of negative growth, meeting a rule-of-thumb definition for a recession. In an update posted Tuesday, the Atlanta Fed’s GDPNow […]
Stock futures dip following two straight days of gains on Wall Street
(CNBC) Stock futures fell marginally in overnight trading Tuesday after two consecutive days of gains on Wall Street. Futures on the Dow Jones Industrial Average dipped 55 points. S&P 500 futures and Nasdaq 100 futures both declined just 0.2%. Investors […]
World Bank slashes global growth forecast to 2.9%, warns of 1970s-style stagflation
(CNBC) The World Bank on Tuesday slashed its global growth forecast and warned that many countries could fall into recession as the economy slips into a period of stagflation reminiscent of the 1970s. Global economic expansion is expected to drop […]
Trading gain combined with new entrants push total hedge fund AUM to $5.14tn
(Opalesque) BarclayHedge said that hedge fund redemptions accelerated in March totalling -$35.37 billion (-0.70% of industry assets), according to its Barclay Fund Flow Indicator. An $18.24 billion trading gain for the month combined with new entrants to push total hedge […]
SEC Charges Former Executive of Network Infrastructure Company with Accounting Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Anthony Sirotka, the former Chief Administrative Officer and President of FTE Networks, Inc., a network infrastructure company formerly based in Naples, Florida, for his role in a multi-year accounting fraud. The alleged […]
Tiger Global down over 50% YTD following 14% loss in May
(Hedgeweek) Tech-focused growth hedge fund Tiger Global is now down over 50% so far in 2022 having lost 14.2% in May alone, according to a report by Fortune. To read this article:
JP Morgan closes Lynstone Special Situations Fund II with $2.4bn in total commitments
(Hedgeweek) JP Morgan Asset Management has held the final closing of its Lynstone Special Situations Fund II (Lynstone Fund II), with $2.4 billion in capital raised from a broad set of institutional investors comprised of pension funds, insurance companies, foundations […]
Stock futures are lower following Monday gains
(CNBC) Stock futures declined early Tuesday morning after a sleepy day of trading as investors await key inflation data due out later in the week. Futures tied to the Dow Jones Industrial Average edged lower by 187 points, or 0.57%. […]
Nasdaq rises slightly to start week, shaking off jump in bond yields
(CNBC) Stocks moved slightly higher on Monday as Wall Street tried to rebound from a losing week and navigated a jump in Treasury yields. The tech-heavy Nasdaq Composite rose 0.40%, and the S&P 500 gained 0.31%. The Dow Jones Industrial […]
Musk accuses Twitter of ‘resisting and thwarting’ his right to information on fake accounts
(CNBC) Elon Musk accused Twitter of “resisting and thwarting” his right to information about fake accounts on the platform, calling it in a letter to the company on Monday a “clear material breach” of the terms of their merger agreement. […]
SEC Charges Former Cco of Investment Adviser Who Misappropriated Funds
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Jennifer Campbell, the former Chief Compliance Officer of a previously registered investment adviser, in connection with Campbell’s misappropriation of client funds between February 2019 and May 2021. The SEC’s complaint, […]
Familiar flow trends continued for hedge funds
(Opalesque) Investors removed an estimated net $5.20 billion from hedge funds in April. Performance accounted for an increase in assets. The result of both factors was a slight increase in estimated industry AUM to $3.624 trillion, according to eVestment. From […]
