Monthly Archives: March 2021
House plans to pass $1.9 trillion Covid relief bill Wednesday, send it to Biden
(CNBC) House Democrats aim to pass the $1.9 trillion coronavirus relief bill on Wednesday so President Joe Biden can sign it by the weekend. The chamber received the Senate-passed package on Tuesday, and will take procedural steps to set up […]
Hedge funds AUM, up $300bn in Q4 2020, reaches all time high:
(Opalesque) In the week ending March 05th, 2021, data provider Preqin said that hedge funds assets under management (AUM) grew to just shy of $4tn in Q4 2020, mainly driven by performance. AUM rose $299bn from the end of Q3, […]
Inflation may have been warming up in February, but it could be hot by May
(CNBC) Inflation is just warming up, but by late spring it could get downright hot, even if temporarily. February’s consumer price index — a measure of inflation — is expected to be up moderately when it is released Wednesday at […]
New aviation fund returns 20% in February by betting on recovery
(Opalesque) 2020 resulted in the worst ever global airline financial performance. From a position where 2019 profits were just under $26bn, losses are expected to be over $118bn in 2020, according to KPMG. The prevailing hope is that the vaccine […]
SBAI publishes responsible investment guidance for managers
(Hedgeweek) The Standards Board for Alternative Investments (SBAI) has published a memo that provides a framework for alternative investment managers to navigate the complexities of developing a Responsible Investment approach. To read this article:
Democrats in Congress Look to Close the Carried Interest Loophole
(CNBC) Investment firms, including Cerberus Capital Management and the Carlyle Group, and an organization that advocates for the private equity industry have recently hired lobbyists as lawmakers take aim at tax loopholes. Democrats in Congress are looking to close the […]
House prepares to pass $1.9 trillion Covid relief bill, and Biden is expected to sign it this week
(CNBC) The House plans to pass Democrats’ $1.9 trillion coronavirus relief bill this week and get fresh aid to Americans starting this month. The chamber aims to approve the rescue package in time for President Joe Biden to sign it […]
Hedge funds pick up the pace, as industry returns continue to rise in February
(Hedgeweek) The hedge fund industry gathered further momentum during February, as managers generated positive performances across the strategy spectrum, with equities, macro, commodities, activist and cryptocurrency strategies generating particularly strong gains, new industry data shows. To read this article:
Utah Resident Charged With Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged Craig C. Garrick, Jr. of Alpine, Utah, with defrauding investors by misappropriating their funds. According to the SEC’s complaint, Garrick induced investors to invest at least $450,000 in a company Garrick partially […]
85% of global institutional investors expect private markets to outperform public markets
(Opalesque) A new global research program conducted by The Economist Intelligence Unit (EIU) and supported by Adams Street Partners (Adams Street) finds that 85% of global institutional investors expect private markets to outperform public markets in the long term, with […]
Bitcoin tops $1 trillion in value again as the cryptocurrency’s price jumps
(CNBC) Bitcoin’s value surpassed $1 trillion on Tuesday as the price of the cryptocurrency jumped. The digital coin’s price rose on Tuesday and its market capitalization went above $1 trillion in mid-morning trade Singapore time, according to CoinDesk. To read […]
Move over GameStop: Discovery, AMC Networks are latest heavily shorted stocks to see huge 2021 gains
(CNBC) It’s not GameStop, but Discovery can thank the Reddit effect for an enormous surge in its stock price this year. Since launching Discovery+ on Jan. 4, Discovery shares are up a whopping 116%, closing Monday up another 4.7% at $67.25 — an […]