Monthly Archives: March 2021
Eighty per cent of hedge funds see positive performance in February
(Hedgeweek) The global hedge fund business continued its strong start to 2021 with 80 per cent of funds seeing positive performance in February, according to eVestment’s February hedge fund performance data. To read this article:
Shares of Japanese tech giant Rakuten jump 20% after stake sale to Walmart, Tencent
(CNBC) Shares of Japanese tech giant Rakuten jumped 20% on Monday, extending their gains after the company’s announcement that it plans to raise $2.2 billion in order to better compete with its U.S. rivals. Rakuten said on Friday it will […]
The Fed could be a catalyst for bonds, and that could drive growth stocks in week ahead
(CNBC) Bonds could be volatile in the week ahead. If yields go higher, that could make it difficult for big tech and other growth stocks to gain traction. Rising bond yields have been challenging growth stocks. Names like Apple, Tesla, […]
U.S. companies face record $10.5 trillion in debt—Here’s what to know about the corporate bond ‘bubble
(CNBC) U.S. companies now face the highest levels of debt on record — more than $10.5 trillion, according to the Federal Reserve and the Securities Industry and Financial Markets Association, or SIFMA. The coronavirus pandemic is only part of the […]
Bitcoin surpasses $60,000 in record high as rally accelerates
(CNBC) Bitcoin crossed a record high of $60,000 on Saturday morning, continuing its rally as major companies and financial institutions adopt cryptocurrencies. Bitcoin, the world’s biggest cryptocurrency, was at $60,415.34 as of 7:25 a.m. ET, according to Coinbase, recovering from […]
Dow climbs 290 points to close at another record, surging yields hit tech stocks again
(CNBC) The Dow Jones Industrial Average jumped to another record high on Friday as rising reopening optimism continued to encourage the rotation into cyclical stocks. Meanwhile, surging bond yields rekindled valuation fears and took the comeback momentum out of tech […]
CFTC Charges Computer Programmer John McAfee In Multi-Million Dollar Digital Asset Pump-and-Dump Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has filed a complaint in the U.S. District Court for the Southern District of New York charging businessman and computer programmer John McAfee, previously of Tennessee, and his former employee Jimmy Gale Watson, previously […]
Warren Buffett’s net worth surpasses $100 billion for the first time as Berkshire shares hit record
(CNBC) Warren Buffett’s net worth topped $100 billion for the first time as Berkshire Hathaway shares rallied to record highs. Berkshire’s Class A shares closed at a record high of $399,650 on Wednesday, bringing its 2021 advance to more than […]
Stimulus checks could start hitting bank accounts this weekend, White House says
(CNBC) Some Americans will receive new coronavirus stimulus checks as soon as this weekend, the White House said Thursday. The news from White House press secretary Jen Psaki came minutes after President Joe Biden signed the $1.9 trillion Covid relief […]
Hedge funds now front-runners to boost investor returns this year, says Credit Suisse survey
(Hedgeweek) A majority of investors now believe hedge funds are best placed to enhance the performance of a traditional 60/40 equities and bonds portfolio, with the prevailing rate environment driving a “sense of urgency” among allocators to tap into new […]
Commodities hedge fund Westbeck scores double-digit gain, as “dizzying” oil surge set to continue
(Hedgeweek) London-based commodities-focused hedge fund Westbeck Capital Management has seen its flagship strategy surge in recent weeks, as oil prices continue to trend upwards. To read this article:
US is home to eight of the top ten global VC investors
(Opalesque) US-based firms dominated the list of top ten global VC investors by the number of investments in 2020, with eight headquartered in the US, said a study. According to GlobalData, several American venture capital (VC) investors managed to make […]