Monthly Archives: June 2022
Stock futures are higher as Wall Street looks to bounce back from losing week
(CNBC) Stock futures were higher in early morning trading Monday after a losing week as investors continued to bet that the Federal Reserve will tighten monetary policy aggressively to combat surging inflation. Futures on the Dow Jones Industrial Average gained […]
Investors set their sights on upcoming inflation report as the bear market rally falters
(CNBC) The stock market may try to regain its footing in the next few sessions, even as a fresh inflation report looms large at the end of the week. Stocks struggled to move forward in the past week. With Friday’s […]
A paradigm shift has begun in markets, says Morgan Stanley’s Ted Pick. Here’s what to expect
(CNBC) Global markets are in the beginning of a fundamental shift after a nearly 15-year period defined by low interest rates and cheap corporate debt, according to Morgan Stanley co-President Ted Pick. The transition from the economic conditions that followed […]
Deerfield raises $1.6bn for new healthcare oriented private investment fund
(Opalesque) Deerfield Management, a venture capital firm based in New York, has launched Deerfield Private Design Fund III, an investment fund designed to provide flexible private financing to healthcare companies. According to a press note from the investment firm, the […]
North Carolina Investment Adviser and Public Company CEO Charged with Fraudulent Self-Dealing
(HedgeCo.Net) The Securities and Exchange Commission has charged North Carolina resident Martin A. Sumichrast with defrauding Stone Street Partners, LLC, a private fund that he managed, and its investors by misappropriating fund assets and by engaging in several unauthorized transactions […]
Hedge fund redemptions accelerate
(Hedgeweek) Hedge fund redemptions accelerated in March totalling -$35.37 billion (-0.70% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions. To read this article:
Stock futures rise slightly ahead of first day of June
(CNBC) Stock futures moved slightly higher on Tuesday evening as Wall Street turned the page to another month. Futures tied to the Dow Jones Industrial Average added 197 points, or 0.6%. Those for the S&P 500 ticked up about 0.5%. […]
Crypto deals help fuel NBA sponsorships to $1.6 billion in 2021-22 season
(CNBC) Cryptocurrency companies helped fuel the NBA’s sponsorship revenue to a record $1.6 billion in the 2021-22 season, according to estimates by IEG, a sports partnerships consultancy. That’s up 13% from the $1.4 billion in the 2020-21 season. In the […]
Salesforce stock jumps as it raises profit forecast, CFO says company will be more ‘measured’ in hiring
(CNBC) Salesforce shares rose 8% in extended trading on Tuesday after the enterprise-software maker reported fiscal first-quarter results that surpassed analysts’ expectations and lifted its full-year earnings guidance. To read this article:
Global macro fund builds on positive 2021 performance with solid first quarter
(Opalesque) 2022 has been a solid year for global macro funds. The category returned 10.3% in the first four months of the year, compared to the average hedge fund which returned 1.9%, according to data from Hedge Fund Research. Macro […]
Electronic Trading Platform Charged for Operating As An Unregistered Broker-Dealer
(HedgeCo.Net) The Securities and Exchange Commission today announced that Neovest Inc., a provider of an order and execution management system (OEMS) that facilitates electronic trading, has agreed to pay a $2.75 million penalty for its failure to register as a […]
Leon Cooperman plans to stock pick his way to success, not expecting much more from overall market
(CNBC) Billionaire investor Leon Cooperman said Tuesday that stock picking is key to superior returns going forward as the overall market has grown stagnant after a historic rebound from the pandemic hit. “In terms of my long-term outlook, to be honest […]
