Monthly Archives: March 2021
Fed Chair Powell is a ‘maestro,’ calming markets when there could have been chaos
(CNBC) Fed Chairman Jerome Powell soothed markets Wednesday and pushed back against speculation the central bank could start to wind down its easy policies. The Federal Reserve Wednesday sharply boosted its economic growth outlook, but indicated it still sees no […]
Morgan Stanley becomes first major U.S. bank to offer its wealthy clients access to Bitcoin funds
(Reuters) In an internal memo, the bank told its financial advisers it would launch access to three funds allowing ownership of bitcoin. The decision was taken after the bank’s clients demanded exposure to the cryptocurrency, according the report. To read […]
IRS postpones April 15 U.S. tax deadline to May 17
(CNBC) The IRS and Treasury Department will postpone the April 15 tax-filing deadline to May 17, the agencies announced Wednesday. “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible […]
Bond king Bill Gross says he made $10 million shorting GameStop
(Marketwatch) The phrase “don’t try this at home” was possibly made for moments like this. Bond king and Pacific Investment Management Co-founder Bill Gross said he made $10 million shorting videogames retailer GameStop’s GME, +0.79% stock during the retail frenzy […]
SEC Halts Alleged Ongoing Offering Fraud Involving Digital Asset Trading Fund
(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained a temporary restraining order and asset freeze against Shawn C. Cutting of Sandpoint, Idaho, for allegedly raising millions of dollars from hundreds of investors […]
Hedge fund short sellers suffer as Cineworld’s shares surge
(Hedgeweek) Hedge funds’ bearish bets against Cineworld suffered a dent on Tuesday as shares in the beleaguered London-listed global cinema chain – a long-standing target of short sellers – surged more than 9 per cent. To read this article:
Hedge funds return 2.68% in February, up 3.76% YTD
(Opalesque) The hedge fund industry continued its positive run in February, returning 2.68% for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P Total Return Index gained nearly […]
Cryptocurrency inflows hit record high of $4.2 billion,
(Reuters) – Inflows into cryptocurrency funds and products have already hit a record $4.2 billion for the first quarter, reflecting growing institutional investor interest, CoinShares data show. To read this article:
The Fed must walk a fine line Wednesday as financial markets hang in the balance
(CNBC) A resurgent economy, percolating inflation and a stock market ripping higher don’t seem to make much of a recipe for easy monetary policy. But that’s the position in which the Federal Reserve finds itself. To read this article:
Hedge fund Indaba Capital nominates two to Benefitfocus board
(Reuters) Hedge fund Indaba Capital has nominated two directors to Benefitfocus Inc’s board five weeks after publicly calling on the benefit management software company to sell itself following years of poor returns and high turnover in the executive suite. San […]
Centaur Hedge Fund clients produce strong performance in 2020
(Hedgeweek) Hedge fund clients of Centaur Fund Services performed strongly in 2020, according to data released by the independent fund administrator. To read this article:
Wilshire Liquid Alternative Index returns 1.18% in February
(Opalesque) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.18% in February, underperforming the 1.52% monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative […]