Monthly Archives: June 2021
Market volatility is back as Covid and Fed uncertainty hit sentiment
(CNBC) Volatility is back for global stock markets, triggered by uncertainty over central banks’ plans for monetary policy and rising Covid-19 cases around the world. The VIX volatility index, a real-time measure of volatility expectations over the next 30 days, […]
How Covid-19 is transforming the hedge fund outsourcing model
(Hedgeweek) The Covid-19 pandemic is opening up a deeper discussion around more business functions becoming permanently outsourced, particularly among start-up and emerging hedge funds battling against budgetary constraints. To read this article:
Here’s why the market may be wrong about the Federal Reserve and interest rates
(CNBC) Monday’s aggressive stock market rally came despite the fears of one Wall Street firm that investors still aren’t appreciating how quickly the Federal Reserve could start raising interest rates. After getting hammered in the final three trading days last […]
China’s renewed crypto crackdown wipes nearly $300 billion off the market as bitcoin slides
(CNBC) China’s renewed crackdown on the cryptocurrency industry has wiped off nearly $300 billion in value from the total digital currency market since Friday, when a major bitcoin mining hub ordered miners to shut down operations. To read this article:
London-based hedge fund that bet against GameStop shuts down
(Reuters) White Square Capital has told investors that it will shut its main fund and return capital this month after a review of its business model, the newspaper said, citing people familiar with the fund and a letter to investors. […]
SS&C GlobeOp Forward Redemption Indicator notifications at 2.66 per cent for June
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for June 2021 measured 2.68 per cent, up from 2.46 per cent in May. To read this article:
SEC Charges Additional Defendants in $30 Million ICO Fraud
(HedgeCo.Net) The Securities and Exchange Commission charged three additional individuals for their roles in the $30 million initial coin offering (“ICO”) fraud that was spearheaded by convicted criminal Boaz Manor and his associate, Edith Pardo. The SEC previously charged Manor, […]
Dow futures drop 200 points after the index’s worst week since October
(CNBC) Stock futures declined early Monday morning after the Dow posted its worst week since October. Futures on the Dow Jones Industrial Average dropped 207 points. S&P 500 futures and Nasdaq-100 futures both also traded in negative territory. To read […]
Ackman’s SPAC signs deal to buy 10% of Vivendi’s Universal
(Reuters) Billionaire investor William Ackman’s Pershing Square Tontine Holdings (PSTH.N) signed a deal to buy 10% of Universal Music Group (UMG), Taylor Swift’s label, for about $4 billion, the companies said on Sunday. “As announced, the transaction is based on […]
Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding
(CNBC) Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry. The fresh funding round values the Hong Kong-based start-up at $1 billion, To read this article:
Beware of inflation ‘headwinds’: It could take a year to break even after a 10% to 20% market correction
(CNBC) Moody’s Analytics Mark Zandi has a message for investors: Brace for a significant market correction. The firm’s chief economist expects a more hawkish Federal Reserve will spark a 10% to 20% pullback. And, unlike the sharp drops over the past […]
Emerging funds outperform larger peers in 2021
(Opalesque) Hedge funds managing less than $1bn averaged gains of 1.4% in May, extending returns for the year to 8.9%. That puts smaller funds ahead of billion-dollar-plus funds, which averaged 1% in May and 6.9% for the year so far, […]
