Monthly Archives: March 2021
Hedge funds’ coffers swell further in February, as investors pile in
(Hedgeweek) Hedge funds have recorded their strongest two-month run of investor inflows since 2014, with multi-strategy managers attracting the strongest interest so far this year, according to new research by eVestment. To read this article:
The largest global asset manager BlackRock is also strongest asset management brand
(Opalesque) BlackRock, the world’s largest asset manager, with $8.67 trillion in assets under management as of January 2021, has been named the world’s strongest asset management brand according to the 2021 Fund Brand 50 study, an annual dataset from Broadridge […]
Meet Bill Hwang, the man behind Archegos, the fund that sent shockwaves through Wall Street
(CNBC) A massive margin call affected a little-known family office last Friday, incurring billions of dollars in losses for certain banks involved and jolted the overall volatility of the broader market. Archegos Capital Management’s leveraged bets in ViacomCBS blew up and […]
Assets invested in the global ETFs industry increase the lead over global hedge fund industry to $4.39tn in 2020
(Reuters) ETFGI reported that assets invested in the global ETFs and ETPs industry extended the lead over the global hedge fund industry to US$4.39 trillion at the end of 2020, an increase of 44.95% since 2019. Assets invested in global […]
Hedge funds: Long/short strategies on a roll as value stocks rally, trend-followers lead CTA recovery in February
(Opalesque) The HFM Long/Short Equity Composite is up 6.0% YTD through February 2021, overtaking the S&P 500 on a 12-month basis after another strong month. The HFM Managed Futures Composite Index was up 3.0% in February, after posting -0.2% in […]
Fed’s Bostic says summer months could see millions rehired
(CNBC) The coming summer could see millions of Americans rehired if current trends hold and progress against the pandemic continues, Federal Reserve president Raphael Bostic said on Tuesday, describing that as one of the “upside risks” he is watching. To […]
CFTC Orders Coinbase Inc. to Pay $6.5 Million for False, Misleading, or Inaccurate Reporting and Wash Trading
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order filing and settling charges against digital asset exchange operator Coinbase Inc., based in San Francisco, California, for reckless false, misleading, or inaccurate reporting as well as wash trading by a […]
How Goldman and Morgan Stanley avoided losses after fund meltdown burned Nomura, Credit Suisse
(CNBC) When investors are stampeding for the exits, it pays to be first out the door. That’s what happened when falling shares in ViacomCBS last week ignited a $20 billion wave of forced selling at the Wall Street banks that […]
Asia shares mixed as broader worries about U.S. hedge fund default ease
(Reuters) Asian shares were mixed early Tuesday as global investors shook off worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher. To read this article:
Ackman stays mum on $4 billion SPAC target, says a second may follow
(Reuters) Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle. Ackman made headlines last year when he raised Pershing Square Tontine Holdings, making it […]
U.S. dollar hits four-month peak on caution spurred by hedge fund default
(Reuters) The dollar climbed to a four-month peak on Monday in choppy trading, with the euro languishing below $1.18 and commodity currencies falling, as the currency drew some safe-haven bids on concerns about the potential fallout of a hedge fund’s […]
New York business leaders push Biden, Schumer to ditch the cap on SALT deductions
(CNBC) Leaders of the finance industry and other businesses in New York are pushing President Joe Biden and Senate Majority Leader Chuck Schumer, who represents the state, to bring back the full state and local tax deduction, according to people […]