Monthly Archives: June 2021
“Pandora’s box has opened”: Oil hedge funds target price shocks after Engine No. 1’s ExxonMobil triumph
(Hedgeweek) The recent spate of victories by sustainability-focused shareholder activists against oil giants could spark renewed price volatility, heralding outsized opportunities for hedge funds betting on energy markets. To read this article:
Systematic hedge fund thrives on market timing
(Opalesque) Many investors, academics, and financial professionals believe market timing is impossible. Other investors, especially active traders, believe strongly in it. Market timing is most popular at the bottom of bear markets and least popular at the late stages of […]
AMC shares soar nearly 23% after fund buys and flips $230 mln stake
(Reuters) A hedge fund that helped AMC Entertainment Holdings (AMC.N) raise $230 million quickly sold its stake in the world’s largest cinema chain at a profit, according to a source on Tuesday, when the “meme stock” soared more than 20%. […]
AMC Shorts Hang Tight During Epic Rally in Break From January
(Bloomberg) Facing another push from day traders targeting the most-shorted stocks such as AMC Entertainment Holdings Inc., hedge funds aren’t backing down this time. Professional speculators, who were forced to retreat in late January amid a similar assault, are instead boosting […]
March trading profits and inflows propel hedge fund AuM to record high of $4.07tln
(Opalesque) Hedge funds saw $19.1 billion in new assets flow into the industry in March 2021. Coupled with a $28.5 billion monthly trading profit, total hedge fund industry assets rose to more than $4.07 trillion as March ended, a new […]
Hedge fund bear Russell Clark puts bitcoin valuation model under scrutiny
(Hedgeweek) Well-known hedge fund bear Russell Clark is questioning how valuable bitcoin is under the stock-to-flow model, a framework traditionally used for precious metals such as gold and platinum, in light of recent sharp price volatility. To read this article:
How crypto assets are changing the considerations for alternative investments
(Hedgeweek) As an investment case, bitcoin is very early stage and offers big potential, as its long-term correlation is low compared to traditional asset classes.” To read this article:
Hedge fund Elliott Management owns big Dropbox stake, holds discussions
(Reuters) Activist investor Elliott Management owns a large stake in Dropbox and has been holding private discussions with the file-sharing service provider for some time, a source familiar with the matter said on Wednesday. The hedge fund owns a stake […]
Investment Adviser Charged with Defrauding Clients out of $2.9 Million
(HedgeCo.Net) The Securities and Exchange Commission has charged Massachusetts-based investment adviser James K. Couture with defrauding his advisory clients, including by misappropriating approximately $2.9 million from them. The SEC’s complaint, filed in federal court in Massachusetts, alleges that from approximately […]
Coinbase Pro opens up to dogecoin after cryptocurrency’s 6,000% gain this year
(CNBC) Coinbase is finally getting into dogecoin. Starting Tuesday, the crypto exchange is offering its Pro users the option to trade dogecoin, a cryptocurrency that was started as a joke and has taken off this year, helped by the frequent […]
Zoom reports blowout earnings but warns of a coming slowdown
(CNBC) Zoom reported better-than-expected first-quarter results Tuesday, with sales growth of 191%. The shares rose 4% in extended trading after initially falling as much as 5% as the company showed signs of a looming slowdown. To read this article:
LinkedIn spinout Confluent files for IPO, with annualized revenue of over $300 million
(CNBC) Confluent, which sells software that developers can use to quickly move data for use inside applications, filed its IPO prospectus on Tuesday, seeking to become the latest enterprise business to go from open-source project to multibillion-dollar public company. Revenue […]
