Monthly Archives: June 2019
Bitcoin trades above $11,000, after 10% weekend jump
NEW YORK (Reuters) – Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin. To read […]
Hedge funds pause oil sales as Mideast tensions rise:
(Reuters) – Hedge fund liquidation of petroleum futures and options positions stalled last week as bearishness about the global economy was tempered by fears about a possible disruption of oil exports from the Gulf. To read this article:
Nomura’s Under-Fire CEO Wins Shareholder Vote for Re-Appointment
(Bloomberg) Nomura Holdings Inc.’s besieged chief executive won a shareholder vote on Monday, surviving a call for his ouster from the board following an information leak. CEO Koji Nagai was reappointed at an annual shareholder meeting alongside nine other nominees […]
The Stock Picker vs Portfolio Manager Communications Challenge
(Harvest) Is your firm’s money manager coming across as a stock picker or as a portfolio manager? Is your investment strategy being marketed as if it is a serendipitous assembly of a bunch of onesie stock picks, or as a […]
SS&C GlobeOp Forward Redemption Indicator up 3.81% in June
(Opalesque )The SS&C GlobeOp Forward Redemption Indicator for June 2019 measured 3.81%, up from 3.21% in April. “SS&C GlobeOp’s Forward Redemption Indicator of 3.81% for June 2019 reflects lower redemptions compared to 4.17% reported for the same period a year […]
Intelligence Communications Company and Top Executives Charged With Defrauding Merger Investors
(HedgeCo.Net)The SEC has charged Ability Inc., an Israel-based intelligence communications company, its wholly-owned subsidiary, and two of its top executives with defrauding shareholders of a Florida-based special purpose acquisition company (SPAC), a company formed to raise capital for a merger […]
Hedge Funds Hold Out Hope for Kiwi Even as Second Rate Cut Looms
(Bloomberg) Positive signs may be emerging for the world’s worst-performing major currency. To read this article:
Hedge Funders Study Alternative Warfare, Julius Caesar for 2019’s Summer Book List
(Bloomberg) The first day of summer in the Northern Hemisphere means reading season has begun. Yet with the globe’s economic outlook complicated by a trade war, Mideast tension and a murky outlook for monetary policy, investors are shunning their usual […]
Soybeans Could Be Next Market to Surge as U.S. Showers Drag On
(Bloomberg)Corn prices have been on an epic run. Now, soybeans could soon be catching up. With more rains forecast for the U.S. Midwest, oilseed plantings are under threat and hedge funds are backing away from their bearish wagers. To read […]
Global hedge fund industry AUM grows by $0.5bn as of May 2019 YTD: Eurekahedge
(Opalesque) The global hedge fund industry AUM has grown by $0.5bn as of May 2019 year-to-date, said the June 2019 Eurekahedge report. Final Q1 2019 net outflows figure stood at $46.4bn, just under half of the investor redemptions totalling $94.7bn […]
US financial services firms advance rapidly with artificial intelligence
(Opalesque) A large number (84%) of surveyed US financial services corporations revealed they are either currently in or past the “enlightenment age” of artificial intelligence (AI), said a survey. According to Broadridge’s AI Outlook Survey for 2019, firms are using […]
SS&C GlobeOp Forward Redemption Indicator up 3.81% in June
(Opalesque) The SS&C GlobeOp Forward Redemption Indicator for June 2019 measured 3.81%, up from 3.21% in April. “SS&C GlobeOp’s Forward Redemption Indicator of 3.81% for June 2019 reflects lower redemptions compared to 4.17% reported for the same period a year […]