Monthly Archives: June 2021
State Street launches digital unit to capitalize on crypto craze
(Opalesque) State Street Corporation is establishing a new division focused on digital finance to include services for crypto, central bank digital currency, blockchain, and tokenization. To read this article:
Fraudster Sentenced to More Than Five Years in Criminal Case
(HedgeCo.Net) Edward E. Matthes, who was charged by the SEC in January 2020 with defrauding his mostly elderly retail brokerage customers and investment advisory clients, has been sentenced in a parallel criminal case to 63 months in prison and ordered […]
Inflation is hotter than expected, but it looks temporary and likely won’t affect Fed policy yet
(CNBC) Consumer prices jumped more than expected in May, but the surge in inflation looks to be temporary and should not push the Federal Reserve to tighten policy for now. The consumer price index rose 5% in May on a […]
Meme stocks hit a wall on Thursday with GameStop, AMC and Clover down big
(CNBC) The meme stock mania created by the day trading Reddit crowd fizzled a bit on Thursday. It’s easy come, easy go for many speculative names favored by retail investors including AMC Entertainment and GameStop as they suffered double-digit losses on […]
BlackRock outlines investment push into private markets
(Reuters) BlackRock Inc (BLK.N), the world’s largest asset manager, is pushing more aggressively into private market investments, the firm detailed at an investor presentation on Thursday. Since interest rates were slashed to near-zero across the globe at the start of […]
Fed balance sheet tops $8 trillion for first time
(Reuters) The Federal Reserve’s balance sheet topped $8 trillion for the first time, weekly data published on Thursday by the U.S. central bank on its holdings showed. At $8 trillion, the Fed’s stash of assets has roughly doubled since it […]
Consumer prices jump 5% in May, fastest pace since the summer of 2008
(CNBC) Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. economy, the Labor Department reported Thursday. The consumer price index, which represents a basket including food, energy, […]
Hot inflation may have become scorching in May and is expected to hit a 28-year high
(CNBC) Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% on a year-over-year basis, […]
Court Enters Partial Judgment Against Investment Adviser Charged with Stealing Client Funds
(HedgeCo.Net) The United States District Court for the District of Connecticut entered a partial judgment against Matthew O. Clason on June 3, 2021 in a previously-filed SEC case that charged Clason, a Connecticut-based investment adviser, with stealing hundreds of thousands […]
Emerging market hedge funds outperformed their developed market counterparts in May
(Opalesque) The Eurekahedge Hedge Fund Index was up 1.10% in May 2021, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local) which gained 0.83% over the same period. Headline inflation rose to […]
SEC Charges Couple With Insider Trading on Confidential Clinical Trial Data
(HedgeCo.Net) The Securities and Exchange Commission has charged a New York-based couple with insider trading in the stock of the pharmaceutical company where one of them worked as a clinical trial project manager. The defendants have agreed to pay more than […]
Hedge Funds Traverse Volatility and Inflation With Biggest Jan-to-May Returns in 25 years
(Hedgeweek) Hedge funds are stacking up gains this year as shuttered economies continue to unlock, with the industry navigating volatility and inflation to score its best January-to-May performance in two-and-a-half decades. To read this article:
