Monthly Archives: June 2021
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 […]
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: