Monthly Archives: January 2021
Credit quality worsens in leveraged lending
(Opalesque) New data from S&P Global suggests that investors should be wary of credit quality within the leveraged lending market. LCD recently surveyed buy-side and sell-side participants in the leveraged lending market to gauge sentiment heading into 2021. According to […]
SEC Charges Individuals with Fraud for Misappropriating Investor Funds
(HedgeCo.Net) The Securities and Exchange Commission has charged William “Bill” Bowser, Christopher Ashby, Scott Beynon, and Jordan Nelson with securities fraud for misappropriating investor funds meant for the development and construction of new event centers. The SEC’s complaint alleges that […]
Hedge fund manager Scaramucci launches cryptocurrency fund
(Opalesque) SkyBridge Capital, a leading global alternative investment firm, today announced the launch of the SkyBridge Bitcoin Fund LP, which provides mass-affluent investors with an institutional-grade vehicle to gain exposure to Bitcoin. Additionally, on behalf of its flagship funds, SkyBridge […]
Carl Icahn warns that the market rally could end in a painful correction and is hedging accordingly
(CNBC) Billionaire investor Carl Icahn warned of the possibility of a significant decline for stocks at some point, telling CNBC’s Scott Wapner that “wild rallies” in the market always meet a dramatic end. To read this article:
Trend-following hedge fund specialist Metori Capital scores double-digit gain amid 2020’s upheaval
(Hedgeweek) Paris-based systematic CTA specialist Metori Capital’s Lyxor Epsilon Global Trend Fund is building long positions across US and UK fixed income, US and Japanese equities, and in the euro at the start of 2021, having generated a strong annual […]
Stock futures flat after S&P 500 suffers first negative start to a year since 2016
(CNBC) Stock futures held steady in overnight trading on Monday after the S&P 500 suffered its first decline to start a year since 2016. Futures on the Dow Jones Industrial Average rose 40 points. S&P 500 futures and Nasdaq 100 […]
Big Tech kicks off 2021 with a slump amid broader sell-off
(CNBC) Shares of the largest technology companies dipped in the first trading day of 2021, a bumpy start for the sector that posted some of the highest gains last year. Big Tech’s Monday drop came amid a broader market sell-off, attributed […]
Wharton’s Jeremy Siegel: ‘Dow could easily tack on another 10% to 15%,’ but warns of a near-term setback
(CNBC) Wharton finance professor Jeremy Siegel is predicting Dow 35,000, but he warns Wall Street will have to cope with a near-term setback first. To read this article:
Why the Fed’s inflation push could turn from friend to foe for the market this year
(CNBC)The Federal Reserve enters the new year with a fresh challenge on its plate, namely whether its commitment to higher inflation will bring power or poison to financial markets. To read this article:
Carl Icahn sells over half his Herbalife stake for $600 million
(Reuters) Activist investor Carl Icahn has sold more than half his stake in Herbalife Nutrition back to the company for $600 million at $48.05 a share and has given up the five seats on the firm’s board held by his […]
SEC Charges Equialt Managing Director of Investments for Unlawful Sales of Securities to Elderly Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against DeAndre P. Sears and MASears LLC d/b/a Picasso Group, an entity he controlled and operated, with registration violations for unlawfully selling securities of Florida-based real estate firm EquiAlt LLC to […]
Hedge funds bet on recovery in 2021
(Reuters) – Some global hedge fund investors are going into 2021 optimistic about a speedy snap-back from the economic challenges related to the coronavirus pandemic. To read this article: