Monthly Archives: June 2021
Bitcoin soars above $40,000 after Tudor Jones endorsement, Musk’s about-face on accepting crypto
(CNBC) Bitcoin’s price hopped over $40,000 on Monday following bullish comments by billionaire hedge fund manager Paul Tudor Jones. “I like bitcoin as a portfolio diversifier. Everybody asks me what should I do with my bitcoin? The only thing I know for certain, I want 5% in […]
Paul Tudor Jones says ‘go all in on the inflation trades’ if Fed keeps ignoring higher prices
(CNBC) Billionaire hedge fund manager Paul Tudor Jones says he’s paying close attention to this week’s Federal Reserve policy meeting in light of recent economic data showing higher consumer prices. “If they treat these numbers — which were material events, they […]
Jamie Dimon says JPMorgan is hoarding cash because ‘very good chance’ inflation is here to stay
(CNBC) Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been “effectively stockpiling” cash rather than using it to buy Treasuries or other investments because of the possibility higher inflation will force the […]
All-star investor Rich Bernstein warns bitcoin is a bubble
(CNBC) Institutional Investor Hall of Famer Richard Bernstein is sounding the alarm on bitcoin. He warns bitcoin is a bubble and crypto fever is pushing investors away from the market groups positioned to grab the biggest gains, particularly oil. To […]
SS&C GlobeOp Hedge Fund Performance Index returns 0.54 per cent in June
(Hedgeweek) SS&C Technologies Holdings has announced that the gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2021 measured 0.54 per cent. To read this article:
Aquis Capital launches new fund of funds
(Opalesque) Zurich-based Aquis Capital has launched a new fund of funds focused on ESG. The Leo – Impactis Fund invests in ESG focused hedge funds globally. The fund will target returns of 8-12% per year. To read this article:
SEC Charges Investment Adviser for Three Separate Frauds
(HedgeCo.Net) The Securities and Exchange Commission has charged Edgar M. Radjabli of Boca Raton, Florida, and two entities he controlled for engaging in three separate securities frauds of escalating size. The SEC’s complaint alleges that Radjabli, formerly a practicing dentist, […]
Anthony Scaramucci says DeFi curbs systemic risk amid bitcoin volatility,
(HedgeWeek) Decentralisation of cryptocurrencies is helping curb systemic risk amid the ongoing digital asset price volatility, Anthony Scaramucci, founder and managing partner of SkyBridge Capital, told Hedgeweek. To read this article:
Stanley Druckenmiller says the Fed’s easy money is lulling investors into a false sense of security
(CNBC) The Fed’s repeatedly said any spike in inflation will be transitory as the economy recovers from the depths the pandemic, suggesting monetary accommodation put place during the early days of Covid will remain for the foreseeable future. With the […]
‘Shocking’ inflation numbers will hurt reopening trades, economist David Rosenberg predicts
(CNBC) Economist David Rosenberg believes the bond market is getting inflation right and yields shouldn’t trade at higher levels. His reasoning: Inflation is a temporary phenomenon caused by enormous pent-up demand and supply chain issues connected to the coronavirus pandemic. […]
Bitcoin pops 10% after Musk suggests Tesla could accept the cryptocurrency again
(CNBC) Bitcoin’s price surged Sunday evening stateside after Tesla CEO Elon Musk said the electric vehicle maker could accept bitcoin transactions again in future. As of 11:09 p.m. ET Sunday, Bitcoin surged 10.2% to $38,903.23, according to data from Coindesk. […]
Global investable assets reach record $250tn in 2020, despite COVID-19
(Opalesque) According to a report by Boston Consulting Group (BCG), despite the pandemic’s enduring financial impact, global prosperity and wealth grew significantly throughout the crisis and are likely to continue to expand significantly over the next five years, in line […]
