Monthly Archives: January 2022
The Federal Reserve is scaring markets with the triple threat of policy tightening
(CNBC) Investors have been preparing for the Federal Reserve to start hiking interest rates. They also know the central bank is cutting the amount of bonds it buys each month. On top of that, they figured, eventually, the tapering would […]
Hedge funds are selling tech shares at their fastest pace in a decade as rates spike
(CNBC) Surging bond yields have triggered hedge funds to sell growth-focused technology shares at a speed not seen in the past decade. The hedge fund community dumped tech stocks in the four sessions between Dec. 30 and Tuesday as interest […]
GameStop shares surge on report it will create NFT marketplace
(CNBC) GameStop shares rose more than 22% in extended trading Thursday after The Wall Street Journal reported the retailer plans to create a marketplace for non-fungible tokens, often called NFTs. GameStop also plans to establish cryptocurrency partnerships to create games […]
Chess masters’ hedge fund up 19% in 2021
(Opalesque) Chessica LP, a market-neutral hedge fund, may have changed hands a few times but it is still thriving with annualised returns of 11.8% since its early-2010 inception. “The strategy is based on the concept of Delta Neutral*,” explains Alex […]
Global venture investment jumped up 92% totaling $643bn in 2021
(Opalesque) Global venture funding in 2021 broke records across the board as venture investment last year totaled $643 billion, compared to $335 billion for 2020-marking 92% growth year over year, said a report. According to the Crunchbase report, the investment […]
Hedge fund Senvest posts 85% return in 2021 riding GameStop meme, among Wall Street’s best
(CNBC) There’s a famous market saying “As goes January, so goes the year.” The same can be said of last year’s January market mania and some of the 2021 hedge fund returns. In a year where the market lifted many […]
Federal Reserve puts wheels in motion for balance sheet reduction
(CNBC) The Federal Reserve at its December meeting began plans to start cutting the amount of bonds it is holding, with members saying that a reduction in the balance sheet likely will start sometime after the central bank begins raising […]
How market ‘stress tests’ are reshaping the hedge fund-prime broker dynamic
(Hedgeweek) The Archegos meltdown, the “meme stock” short-selling squeeze, and new curbs on Chinese education stocks contributed to a “significant stress test” for the prime brokerage sector in 2021, one which potentially heralds far-reaching consequences for the ways prime brokers […]
Franklin Templeton acquires quant asset management firm O’Shaughnessy Asset Management
(Hedgeweek) Franklin Resources, a global investment management organisation operating as Franklin Templeton, has completed its acquisition of quantitative asset management firm O’Shaughnessy Asset Management (OSAM). To read this article:
Digital asset investment products see yearly inflows of $9.3bn in 2021 versus $6.8bn in 2020
(Hedgeweek) Digital asset investment products saw inflows totalling USD9.3 billion in 2021, a 36 per cent increase from the USD6.8 billion seen in 2020, according to the data release bu CoinShares. To read this article:
Rivian stock plunges after news of Amazon-Stellantis deal
(CNBC) Stellantis, the automaker formerly known as Fiat Chrysler, said Wednesday that Amazon will provide its in-car dashboard software and cloud services. Amazon will also be the first commercial customer of Stellantis’ Ram ProMaster battery-electric vehicle, slated for 2023. The […]
SEC Charges Charlotte, North Carolina Investment Adviser and Its President for Not Providing Records to Examiners
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Bóveda Asset Management, Inc. and its President and sole owner, George Kenneth Witherspoon, Jr. of Charlotte, North Carolina, for failing to provide required books and records during a Commission examination […]