Monthly Archives: June 2022
Hedge funds double investments in crypto assets
(Opalesque) Despite the tremendous volatility in the sector, there are many more traditional hedge funds investing in crypto and more specialist crypto funds being created as the digital asset class gains acceptance, said a survey. Of traditional hedge funds surveyed, […]
Crispin Odey hedge fund up 110% YTD following 14% gain in May
(Hedgeweek) Crispin Odey has wiped out years of losses at his Odey European Inc hedge fund so far in 2022 with the fund up 110% since the turn of the year, according to a report by BNN Bloomberg. To read […]
Rockefeller acquires Spearhead Capital’s wealth business
(CNBC) The Florida-based boutique financial services division of Spearhead will become The Bostwick Walters Group within Rockefeller Global Family Office, which has $1.5 billion in assets. The deal accelerates Rockefeller’s expansion, building on previous acquisitions as well as the company’s […]
Traditional hedge funds ‘dipping their toes’ in digital assets, says AIMA report
(Hedgeweek) Most traditional hedge funds getting into digital assets are still just ‘dipping their toes’ in the water with 57% having less than 1% of total AuM in digital assets. To read this article:
SEC Sues New York Based Firm and Its Managing Member for Acting as Unregistered Securities Dealers
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against LG Capital Funding, LLC (“LG Capital”) and its managing member Joseph Lerman of Brooklyn, New York, for failing to register as securities dealers with the SEC. LG Capital and Lerman […]
SEC’s Gensler speaks Wednesday, and rules that overhaul market operations could be coming
(CNBC) SEC Chair Gary Gensler is trying to make good on his promise to address what he believes are deficiencies in the U.S. trading system. Each fall, the Securities and Exchange Commission puts out a “Rule List,” essentially a wish […]
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: