Monthly Archives: January 2021
Deutsche Bank To Pay $120-Million To Settle FCPA Violations Related to Third-Party Intermediaries
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Deutsche Bank AG for violations of the Foreign Corrupt Practices Act (FCPA). As part of coordinated resolutions with the SEC and the Department of Justice, Deutsche Bank has agreed to […]
Hedge funds surge to conclude 2020
(Opalesque) Hedge funds surged once again in December, extending strong November gains and concluding the volatile year, which had been dominated by the global coronavirus pandemic, generational political uncertainty, and protests. The investable HFRI 500 Fund Weighted Composite Index surged […]
Nearly $170 billion wiped off cryptocurrency market in 24 hours as bitcoin pulls back
(CNBC) Bitcoin and other digital coins tanked on Monday wiping off some $170 billion from the entire cryptocurrency market. The market capitalization or value of the cryptocurrency market was $959.53 billion at 12:10 p.m. Singapore time, down from $1.1 trillion […]
JPMorgan and Citigroup join U.S. corporations halting political donations after Capitol riot
(CNBC) JPMorgan Chase and Citigroup were among the first major financial firms to say they will pause political action committee donations after followers of President Trump laid siege on the U.S. Capitol last week. JPMorgan, the biggest U.S. bank by […]
Dow futures fall more than 200 points after Wall Street closed at record highs to end last week
(CNBC) Stock futures fell in early morning trading Monday as investors assessed the outlook for more Covid-19 relief stimulus. Futures on the Dow Jones Industrial Average fell 203 points. S&P 500 futures and Nasdaq 100 futures both traded in negative […]
Markets face a big week of news, with stimulus at the top of the list
(CNBC)Markets will stay laser-focused on the prospect for more fiscal stimulus in the busy week ahead. Politics and politicians are likely to continue dominating the headlines, as Democrats seek President Donald Trump’s removal after a mob of his followers took […]
ETFs start 2021 with record assets of $7.6tn
(Opalesque) Data from TrackInsight, the world’s first global Exchange-Traded Funds analysis platform, shows the global ETF market finished 2020 at a record high of $7.6 Trillion, across 6,518 ETFs. A combination of strong equity market performance coupled with accelerating investor […]
Elon Musk is now the richest person in the world, passing Jeff Bezos
(CNBC) Elon Musk just became the richest person in the world, with a net worth of more than $185 billion. Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and […]
CTAs rise to best monthly gain in five years as managed futures hedge funds end 2020 in “spectacular” style
(Hedgeweek)rend-following hedge funds and managed futures strategies enjoyed a storming finish to what was ultimately a turbulent and unpredictable year for the sector, with Société Générale’s CTA indices ending 2020 in positive territory following strong December performances. To read this […]
Bitcoin tops $40,000 for first time, pushing cryptocurrency market value past $1 trillion
(CNBC) Bitcoin smashed through $40,000 to hit a new record high on Thursday helping to lift the total value of the entire cryptocurrency market above $1 trillion for the first time. The digital coin hit an all-time high of $40,367 […]
December jobs report could be weaker than forecast, due to Covid impact
(CNBC) December’s job growth likely slowed dramatically from November’s pace and could even be negative, as businesses and consumers responded to the spreading coronavirus. Economists expect 50,000 jobs were added in December, slightly more than a fifth of the 245,000 […]
Stocks rally to record highs, Nasdaq closes above 13,000 for the first time
(CNBC) Stocks rose to all-time highs on Thursday as Congress confirmed the election of Joe Biden as president and traders looked past the unrest in Washington. To read this article: