Monthly Archives: January 2022
Commodity hedge funds post ‘strong performance’ in 2021 as energy transition opportunity looms
(Hedgeweek) Commodity-focused hedge funds saw “strong performance” in 2021, with many seeing the energy transition towards renewables as a big opportunity and a USD3 billion uplift in investment across the index, according to Bridge Alternatives. To read this article:
AMG, Systematica CEO acquire BlueCrest’s stake in hedge fund Systematica
(Opalesque) American international investment management company Affiliated Managers Group (AMG) and Systematica Investments founder Leda Braga have jointly acquired the remaining minority equity interest in hedge fund Systematica previously owned by a third-party investor. According to a Bloomberg report, the […]
Endowment Index gains 14.59% for 2021
(Opalesque) The Endowment Index calculated by Nasdaq OMX (Symbol: ENDOW) closed at 1,738.95 to end 2021. The Index gained 14.59% in 2021 (on a total return basis), which compares to a Global 60-40 portfolio which increased 9.54% for the same […]
SEC Charges Colorado Man with Fraud Related to Cryptocurrency Venture
(HedgeCo.Net) The Securities and Exchange Commission has charged Paul A. Garcia of Severance, Colorado, for allegedly defrauding investors by stealing approximately one quarter of investor funds raised for Gold Hawgs Development Corp. (“Gold Hawgs”), a failed cryptocurrency venture. According to […]
Goldman CEO says he sees ‘real wage inflation everywhere’ after 33% jump in pay expenses
(CNBC) Wall Street firms are playing catch up with employee compensation, boosting pay in the second year of a deal-making and trading boom. That’s what Goldman Sachs CEO David Solomon conceded on Tuesday during a conference call with analysts to […]
Microsoft sets record for biggest tech deal ever, topping Dell-EMC merger in 2016
(CNBC) Microsoft tried to set a record in 2008, when then-CEO Steve Ballmer pursued plans to buy Yahoo for about $50 billion. It would have been the biggest U.S. tech deal ever, topping JDS Uniphase’s $41 billion purchase of SDL […]
Microsoft’s $68.7 billion deal for Activision once again shows big tech’s dominance over legacy media
(CNBC) Microsoft’s decision to buy video game company Activision Blizzard in a $68.7 billion deal shows big tech firms keep pushing the envelope, while legacy media companies, desperate to reposition themselves for younger audiences, sit on the sidelines. To read […]
Stock futures are flat after sell-off on Wall Street, more bank earnings ahead
(CNBC) U.S. stock futures were steady in overnight trading on Tuesday following a sell-off on Wall Street triggered by surging bond yields. Dow futures rose just 10 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures were flat. On […]
Rising interest rates could keep a choke hold on tech and growth stocks
(CNBC)Rising bond yields could keep a choke hold on tech and growth stocks for now, as investors bet the Federal Reserve will raise interest rates four or more times this year. Stocks tumbled Monday, with tech the worst performing sector […]
SEC Charges South Florida Man with Fraudulent Operation of Private Fund
(HedgeCo.Net) Judge Donald M. Middlebrooks of the United States District Court for the Southern District of Florida has entered a judgment permanently enjoining Florida resident Anthony M. Cottone from violations of the antifraud and other provisions of the federal securities […]
Top 20 hedge funds earned $65.4bn for investors in 2021
(Hedgeweek) The world’s top 20 hedge funds in terms of performance generated a record $65.4 billion for investors in 2021, according to data released by LCH Investments, a fund of funds firm that tracks returns and is part of Edmond […]
Hedge funds object to SEC’s proposed securities lending reform
(Hedgeweek) BlackRock is one of number of asset managers and hedge funds said to be opposed to the SEC’s proposed reform of US securities lending laws, according to a report in The Financial Times. To read this article: