Monthly Archives: June 2021
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 […]
Hedge fund and private equity investors increasingly focusing on outcomes as ESG integration deepens
(Hedgeweek) A new report from LGT Capital Partners (LGT CP) shows that alternative investors are increasingly focusing on ESG outcomes in order to address key issues including climate change and diversity & inclusion (D&I). To read this article:
Dow, S&P 500 rise on optimism about economic recovery
(Reuters) The S&P 500 and the Dow rose on Tuesday, with the benchmark S&P 500 within 0.5% of its record high as investors cheered signs of an improving economy ahead of a week packed with major data that is expected […]
SEC Charges U.S. Promoters of $2 Billion Global Crypto Lending Securities Offering
(Hedgeco.Net) The Securities and Exchange Commission has announced that it has filed an action against five individuals alleging that they promoted a global unregistered digital asset securities offering that raised over $2 billion from retail investors. According to the SEC’s […]
Why China’s rebound is rich in alpha opportunities for hedge funds
(Hedgeweek) Chinese growth is unbalanced and plateauing, giving rise to alpha-generating opportunities in relative value plays, Lyxor Asset Management strategists describe why. To read this article:
KKR, CD&R nearing deal to buy out Cloudera
(Reuters) Private-equity firms KKR & Co (KKR.N) and Clayton Dubilier & Rice LLC (CD&R) are nearing a deal to take Cloudera Inc (CLDR.N) private at a valuation of $4.7 billion, Bloomberg News reported on Monday, citing a person familiar with […]
U.S futures start month slightly lower after major indexes saw gains in May
(CNBC) Stock futures are slightly lower in overnight trading after major indexes saw gains in May. Futures on the Dow Jones Industrial Average fell 35 points, or 0.10%. S&P 500 futures shed 0.09% and Nasdaq 100 futures ticked 0.03% lower. […]