Monthly Archives: September 2021
Fed Chair Powell calls inflation ‘frustrating’ and sees it running into next year
(CNBC) Federal Reserve Chairman Jerome Powell still expects inflation to ease eventually, but said Wednesday that he sees the current pressures running into 2022. Assessing the current economic situation, the Fed chief said during a panel discussion hosted by the […]
Dow futures jump 200 points after rising rates hit tech stocks on Wall Street
(CNBC) U.S. stock index futures rose during early morning trading on Thursday, after tech stocks dipped again as investors digest the impact from higher rates. Futures contracts tied to the Dow Jones Industrial Average gained 213 points. S&P 500 futures […]
Former IIIinois Investment Adviser Charged with Fraud for Misappropriating Client Funds
(HedgeCo.Net) The Securities and Exchange Commission has charged former Rockford, Illinois-area investment adviser Naseem Mohammed Salamah for allegedly defrauding his advisory clients out of nearly $1 million. According to the SEC’s complaint, filed in the U.S. District Court for the […]
Larger funds of hedge funds dominate in H1, Citco data shows
(Hedgeweek) Funds of hedge funds generated an average gain of 4.2 per cent during the first six months of the year, outflanking long/short equity hedge funds and convertible arbitrage strategies, with larger portfolios pulling ahead of the pack as bigger […]
Institutional investors and wealth managers set to invest in cryptoassets for the first time
(Hedgeweek) A new survey of institutional investors and wealth managers from the US, UK, France, Germany, and the UAE who collectively don’t currently have exposure to cryptocurrencies and digital assets, reveals that 62 per cent expect to invest in these […]
JPMorgan’s Jamie Dimon cautions a U.S. default would be ‘potentially catastrophic’
(CNBC) JPMorgan Chase has begun preparing for the possibility of the United States hitting its debt limit, Chief Executive Jamie Dimon told Reuters on Tuesday, adding he nevertheless expected policymakers to find a solution to avoid that “potentially catastrophic” event. […]
Stocks could slide further as interest rates rise and Big Tech drags the market
(CNBC) Strategists see more selling ahead after stocks sold off Tuesday, led downward by tech and large cap growth names. A sharp jump in interest rates over the last several sessions stung the market, particularly the growth names. At its […]
Markets sell off as a yield spike hits tech stocks – what to watch next
(CNBC) Markets sold off Tuesday after a spike in yields hammered tech stocks.Here’s what five experts have to say about stocks now. Tom Lee, Fundstrat’s head of research, said the noise out of Washington, D.C., that contributed to investor nerves […]
BlackRock’s Larry Fink says big companies shouldn’t be the only ‘climate police’ in the world
CNBC) Big companies and banks shouldn’t be the only “climate police” in the world, says BlackRock Chief Executive Larry Fink, who called on governments and society to play their part in climate change. To read this article:
SEC Charges Two Individuals for Wash Trading Scheme Involving Options of “Meme Stocks”
(HedgeCo.Net) The Securities and Exchange Commission has charged a Florida resident and his friend for engaging in a fraudulent scheme designed to collect liquidity rebates from exchanges by wash trading put options of certain “meme stocks” in early 2021. According […]
Hedge funds score taper trade hat trick:
(Reuters) Ahead of the Fed’s policy meeting last week, hedge funds sold Treasuries, positioned for a steeper 2s/10s yield curve, and increased their bullish bets on the dollar. Going by markets’ initial reaction to the Fed’s hawkish turn, the combination […]
Institutional investors stay cautious on crypto, as hedge funds ride bitcoin volatility
(Hedgeweek) As hedge funds continue to ride out cryptocurrencies’ volatility, new industry research suggests larger institutional investors remain reluctant to pile into digital assets in any meaningful sense, despite the strong returns generated by managers this year. To read this […]