Monthly Archives: January 2021

(CNBC) Dogecoin, a digital coin originally founded as a joke, has soared over 800% after a Reddit board talked about making it the cryptocurrency equivalent of GameStop. To read this article:

(Hedgeweek) Blackstone – the world’s largest alternative investment manager – has seen its group-wide assets increase by 8 per cent, though its hedge fund capital fell slightly last year, despite positive performance amid “significantly less volatility than the broader markets”. […]

(Bloomberg) In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and […]

(CNBC) Melvin Capital closed out its short position in GameStop this week after taking a huge loss, the hedge fund’s manager told CNBC’s Andrew Ross Sorkin. GameStop, hedge funds’ most-hated stock, was targeted by an army of retail investors who […]

(CNBC) Apple reported blowout earnings on Wednesday. Even during a global pandemic, every single product line was up, leading to the company’s first quarter with over $100 billion in sales. To read this article:

(Opalesque) Investors removed an estimated $9.74 billion from hedge funds in the final month of 2020, said eVestment. YTD redemptions are estimated to be $58.76 billion. The total estimated industry AUM sits at $3.360 trillion. To read this article:

(Opalesque) For the fiscal year 2020, earnings on investments accounted for 71% of public retirement system revenues, according to a survey. The share of revenues that comes from investment earnings edged up from 69 percent a year earlier, while the […]

(CNBC) The economy continued to chug along in the fourth quarter, boosted by a surge in business spending while consumers held back. Fourth-quarter gross domestic product is reported at 8:30 a.m. ET Thursday. It’s expected to show the economy grew […]

(Hedgeweek) The world’s 20 biggest hedge fund firms took home around half of all gains made by the entire industry last year, as successful stock-picking and individual manager skill sent returns soaring among the sector’s behemoths, leaving quant-based strategies in […]

(Marketwatch) Apple has overtaken Amazon to become the world’s most valuable brand for the first time in five years, according to a global report. The value of the technology giant’s brand has climbed 87% in the past year to $263.4 […]

(Reuters) The deal comes as global life insurers are taking steps to curb payouts stemming from the COVID-19 pandemic, including long-term health consequences that are not fully understood. In the United States, 8% of reported group life insurance claims from […]