Monthly Archives: June 2021
Hedge fund assets grow nearly 40% YoY after posting $23.3bn in April net inflows
(Opalesque) Net inflows of $23.3 billion in April 2021 signaled a continued vote of investor confidence in the hedge fund industry. This result represented an increase in industry AUM of .6% on the month and built momentum on the previous […]
Warren Buffett gives away another $4.1 billion, resigns as trustee at Gates Foundation
(CNBC) Today is a milestone for me,” Buffett said in a statement. “In 2006, I pledged to distribute all of my Berkshire Hathaway shares — more than 99% of my net worth — to philanthropy. With today’s $4.1 billion distribution, […]
Market bull who predicted tech’s rebound believes Wall Street may avoid a summer setback
(CNBC) He predicted tech’s recent comeback, and now Oppenheimer Asset Management’s John Stoltzfus believes Wall Street can avoid an unnerving summer setback. He attributes tech’s latest outperformance as a key reason why it could be a positive summer for investors. […]
U.S. stock futures rise after S&P 500 snaps two-day winning streak
(CNBC) Stock futures rose mildly after the market’s comeback rally hit a speedbump on Wednesday. Futures on the Dow Jones Industrial Average added 100 points in early morning trade Thursday. S&P 500 futures and Nasdaq 100 futures both traded in […]
SEC Charges ICO Issuer and CEO With Fraud and Unregistered Securities Offering
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against Loci Inc. and its CEO John Wise for making materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities. According to the SEC’s […]
Former Platinum hedge fund exec gets prison in New York City corruption case
(Reuters) A co-founder of the Platinum Partners hedge fund firm was sentenced on Tuesday to seven months in prison for his role in a bribery scheme involving the once-powerful head of New York City’s correction officers’ union. To read this […]
Morgan Stanley will bar workers without Covid vaccinations from most New York offices beginning July 12
(CNBC) All Morgan Stanley staff in the New York metropolitan area are also now required to attest to their coronavirus vaccination status by July 1. Employees who are not fully vaccinated will have to continue working remotely, the company told […]
Fed Chair Powell says it’s ‘very, very unlikely’ the U.S. will see 1970s-style inflation
(CNBC) Federal Reserve Chairman Jerome Powell acknowledged Tuesday that some inflation pressures are stronger and more persistent than he had anticipated, though still not on par with some of the worst episodes the U.S. has seen historically. To read this […]
Bitcoin drop below $30,000 sparks fears of another crypto winter — here’s why bulls aren’t worried
(CNBC) Bitcoin’s brief drop below the symbolic price threshold of $30,000 on Tuesday has reignited talk of a crypto winter. It doesn’t help that cryptocurrencies like dogecoin, XRP and others saw sharp drops in the last 24 hours. To read […]
Stock index futures are mildly higher after Nasdaq closes at record
(CNBC) U.S. stock index futures were mildly higher during early morning trading on Wednesday, after the S&P 500 closed shy of a new record on Tuesday. Futures contracts tied to the Dow Jones Industrial Average advanced 82 points. S&P 500 […]
SEC Obtains Asset Freeze Against Offshore Fund and Its Operators
(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action charging an offshore fund and two individuals with engaging in a fraudulent scheme, and obtained an asset freeze to safeguard remaining investor funds at risk of immediate dissipation. The […]
Hedge funds: US Billion Dollar Club expands during global pandemic
(Opalesque) HFM reports that assets managed by America’s Billion Dollar Club (BDC) of leading firms hit a record high as the industry navigated the global pandemic and rebounded in the second half of last year. BDC membership and assets fell […]
