Monthly Archives: June 2022
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 […]
The recession will hit in the first half of 2023 and the Dow is headed lower: CNBC CFO survey
(CNBC) Many economic prognosticators and Wall Street stock pickers have made it clear where they stand on inflation and the Federal Reserve policy response: the economy and markets will get worse before they get better. Many chief financial officers at […]
Stock futures rise slightly ahead of Friday’s key inflation report
(CNBC) Stock futures moved slightly higher early Friday morning ahead of a highly anticipated inflation report. Futures tied to the Dow Jones Industrial Average climbed 42 points, or around 0.1%. Those for the S&P 500 and Nasdaq 100 gained 0.19% […]
DocuSign shares crater after first-quarter earnings miss
(CNBC) DocuSign shares fell as much as 24% in extended trading on Thursday after the electronic signature software vendor reported weaker-than-expected earnings in its fiscal first quarter. To read this article:
Stitch Fix shares sink after company announces layoffs, offers weak guidance
(CNBC) Stitch Fix said Thursday that it is laying off 15% of salaried positions within its workforce, mostly in corporate roles and styling leadership positions, in a bid to trim expenses amid red hot inflation and waning consumer demand for […]
Former-Citadel analyst sentenced to four years in jail over hedge fund Covid scam
(Hedgeweek) Former Citadel analyst Gregory Blotnick has been sentenced to over four years in prison by a federal judge in Newark, New Jersey, after claiming $4.6 million fraudulent Covid relief loans for his start-up hedge fund Brattle Street Capital LLC, […]
U.S. SEC chief Gary Gensler unveils plan to overhaul Wall Street stock trading
(CNBC) The top U.S. securities regulator on Wednesday proposed rule changes to transform how Wall Street handles retail stock trades after the meme stock mania last year raised questions about whether mom-and-pop investors were getting the best price. The plan, […]