Monthly Archives: March 2022
Hedge funds performed well in February despite market turmoil, says Pivotal Path
(Hedgeweek) The PivotalPath Composite Index, a broad measure of overall hedge fund performance, was up 0.3 per cent in February, outperforming most major indices, according to data released by hedge fund research and intelligence specialist PivotalPath. To read this article:
SEC Charges Seven California Residents in Insider Trading Ring
(HedgeCo.Net) The Securities and Exchange Commission has announced insider trading charges against three software engineers employed at Twilio, Inc., a San Francisco-based cloud computing communications company, and four family members and friends for allegedly generating more than $1 million in […]
Fidelity closes Emerging EMEA fund to new investors after Russia plunge
(Reuters) Fidelity International will temporarily close its Emerging Europe, Middle East and Africa Fund to new investors after Russia’s invasion of Ukraine caused Russian asset prices to plunge, it said on Monday. To read this article:
Bitcoin surges above $48,000, turns positive for 2022
(CNBC) The price of bitcoin jumped Monday following a slew of bullish developments for the cryptocurrency, even as investors continue to monitor developments in the war in Ukraine and moves by the Federal Reserve. To read this article:
The bond market is flashing a warning sign a recession may be coming. Here’s why
(CNBC) The bond market is flashing a warning sign for the U.S. economy. That harbinger is called an “inverted yield curve.” These inversions in the bond market have been reliable predictors of past recessions. Part of the yield curve inverted […]
El-Erian warns of ‘cost of living crisis,’ says Fed rate hikes could cause recession
(CNBC) The Federal Reserve’s efforts to fight inflation threaten to sink the U.S. into contraction, according to economist Mohamed El-Erian. Following the U.S. central bank’s decision earlier this month to increase interest rates for the first time in more than […]
Federal Court Orders Tennessee and Kentucky Men and Their Company to Pay Over $5 Million for Commodity Futures Pool Fraud
(HedgeCo.Net) The Commodity Futures Trading Commission today announced that the U.S. District Court for the Middle District of Tennessee entered a summary judgment order on March 16, 2022 for permanent injunction, monetary sanctions, and equitable relief against Rodney Scott Phelps, […]
New hedge fund launches rise as industry capital surpasses historic milestone
(Hedgeweek) New hedge fund launches rose to the highest level since 2017 as total industry capital remained above the historic USD4 trillion milestone to begin 2022, according to the latest HFR Market Microstructure Report. To read this article:
Stock futures edge lower ahead of a big week of economic data
(CNBC) Stock futures were slightly lower Sunday evening as investors look ahead to a series of key economic reports and continue to keep a close eye on the Federal Reserve’s planned interest rate hikes. Futures tied to the Dow Jones […]
Wall Street Week Ahead: Investors shelter from twin declines in U.S. stocks, bonds
(CNBC) Side-by-side declines in U.S. equity and fixed income markets are pushing investors into cash, commodities and dividend-paying stocks as geopolitical uncertainty and worries over a hawkish Federal Reserve rock asset prices. With the first quarter of 2022 winding down, […]
President Joe Biden to propose new 20% minimum billionaire tax
(CNBC) President Joe Biden is expected to propose a new minimum tax that would largely target billionaires when he unveils his 2023 budget, according to a document obtained by CNBC. Called the “Billionaire Minimum Income Tax,” it would assess a […]
U.S. equity funds post biggest weekly inflow in six weeks
(Reuters) U.S. equity funds witnessed big inflows in the week to March 23 as markets focused on a Federal Reserve rate hike and Russia’s avoidance of a bond default. U.S. investors purchased equity funds of $13.88 billion, which was their […]