Monthly Archives: January 2019
Asian markets mostly down as Apple’s warning weighs on tech stocks
(Marketwatch) Asian markets were mostly lower Thursday after tumbling more than 1% on the first trading day of 2019. Apple downgraded its sales projections, citing slowing Chinese growth, hitting technology shares in South Korea and Taiwan. To read this article:
Hedge Fund Trends to Watch in 2019
(Think Advisor) Even managers with boldface names will have to reinvent themselves if they hope to stay in the game, Agecroft Partners says. To read this article:
Dow futures point to a decline of more than 300 points at the open after Apple slashes guidance
(CNBC) It’s going to be a tough day for technology stocks on Thursday after Apple warned first-quarter sales would be less than it previously expected. The broader market will suffer too. The Invesco QQQ Trust, which track the tech heavy […]
SEC Files Subpoena Enforcement in Possible Market Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed a subpoena enforcement action against three penny-stock companies and their CEO – Cherubim Interests, Inc. (CHIT), PDX Partners, Inc. (PDXP), Victura Construction Group, Inc. (VICT), and Patrick Jevon Johnson – seeking an […]
CFTC obtains USD2.1m judgement against Iowa commodity trader over fraudulent scheme
(Hedgeweek) Commodity trader Lon Olen Friedrichsen (Friedrichsen) of Alton, Iowa is to pay USD2.1 million to settle a CFTC charges relating to a fraudulent scheme to illegally trade NYMEX West Texas Intermediate Light Sweet Crude Oil futures contracts on behalf […]
Pressure on Small Brokers Grows a Year After New EU Rules
(Reuters) A year after new EU rules forced banks and brokers to charge investors for equity research, the pressure on small brokerages to make ends meet is becoming intense and more look set to merge or even shut up shop […]
Einhorn’s Greenlight Extends Decline to 34% in Worst Year
(Bloomberg) David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.The firm’s main hedge fund fell 9 percent in December, extending this year’s decline to 34 percent, according to an investor update viewed by […]
North American Hedge Funds Suffered Further Losses in November, Says Eurekahedge
(Hedgeweek) North American funds barely avoided dipping back into the red year-to-date in November, as the losses they suffered in October and November wiped most of the gains they made in 2018. The Eurekahedge North American Hedge Fund Index ended […]
Lampert’s Hedge Fund Makes Last-Minute Bid to Save Sears
(The Washington Post) A hedge fund run by Sears Chairman Eddie Lampert said it submitted a last-minute bid Friday to keep the struggling retailer from being liquidated. The bid, valued at $4.4 billion, still needs to be approved. A court […]
Why 2019 could be very good for stocks, after the worst year in a decade
(CNBC) There’s a good chance that what ailed the market in 2018 could reverse sometime in 2019, providing strong tailwinds for stocks, some strategists said. After the worst December since 1931 and the worst year since the financial crisis, stocks […]
Hedge Funds Bet on Oil Rally in 2019 After Wackiest Year-End in Decade
(Bloomberg) Hedge funds are keeping their cool in the most tumultuous end of the year for oil since the 2008 financial crisis, betting on better days ahead. They boosted wagers on rising Brent prices for a third straight week amid […]
RIAs eye alternatives as public markets get volatile
(Opalesque) As markets close out the worst December in several decades, RIAs have started to look at alternatives to protect client portfolios. According to recent research from Cerulli Associates, the RIA channel has become almost as important for alternative investment […]