Monthly Archives: June 2022
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 […]
Warren Buffett says the pandemic has had an ‘extremely uneven’ impact and is not yet over
(CNBC) Legendary investor Warren Buffett said the economic consequences of the pandemic are falling disproportionately on small businesses and the unpredictability of Covid-19 is far from over. “The economic impact has been this extremely uneven thing where… many hundreds of […]
A key indicator shows we are past peak inflation fear, supporting the stock market rally
(CNBC) One of the biggest fears investors have faced this year is the threat that inflation could run amok and thwart the post-pandemic economic recovery. But over the past month, those fears have abated significantly, and a chart diagramming the […]
Stocks should add to gains in the second half, but there are two big concerns
(CNBC) Stocks are expected to move higher in the second half of the year, propelled by strong earnings gains and super-charged economic growth. The market’s gains, however, are not expected to be as robust as in the first half, when […]
Widespread inflows continue into hedge funds
(Opalesque) Investors added an estimated $12.01 billion into hedge funds in May, lifting 2021 net inflow to $39.12 billion. Performance was accretive to asset levels and total estimated industry AUM increased to $3.570 trillion, said eVestment. If the picture in […]
Six Charged in Silicon Valley Insider Trading Ring
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against a Silicon Valley trading ring, whose members generated nearly $1.7 million in profits and losses avoided by trading on the confidential earnings information of two local technology companies. […]
Virtus acquires credit specialist Stone Harbor
(Opalesque) Virtus Investment Partners, a multi-boutique asset management shop, has agreed to acquire Stone Harbor Investment Partners, a manager of emerging markets debt, multi-asset credit, global corporates, and other strategies with $15.4 billion of assets under management. To read this […]