Monthly Archives: March 2021
U.S. stocks fall after Powell’s inflation warning — Here’s what investors are watching now
(CNBC) U.S. stocks fell Thursday after Fed Chairman Jerome Powell said the reopening could cause temporary inflation. Here’s what investors are saying about the markets and the tech sell-off. Yana Barton, portfolio manager at Eaton Vance Management, said this is […]
Inflation is Kryptonite for Bonds as Powell’s Comments Rock Markets
(CNBC) The bond market sold off Thursday when Federal Reserve Chairman Jerome Powell expressed little worry about inflation and provided no indication of policy changes ahead. In an exchange with The Wall Street Journal, the central bank leader acknowledged that […]
Melvin Capital gained 21.7% net of fees in February
(Reuters) – Melvin Capital, the hedge fund at the center of the GameStop trading frenzy, gained 21.7% last month, helping wipe away some of the heavy losses it suffered when it bet that the video retailer’s stock would fall, sources […]
SEC Probes Whistle-Blower’s Claims That Hedge Fund Harmed Yale
(Bloomberg) U.S. regulators are examining a whistle-blower’s claims that Deccan Value Investors harmed Yale University’s multibillion-dollar endowment when the Ivy League school pulled about $400 million from the hedge fund in 2019 To read this article:
Digital asset investment products saw $395m in inflows last week
(Hedgeweek) Digital asset investment products saw inflows of $395 million despite a weak price environment, according to the latest CoinShares Digital Assets Flow report. To read this article:
Hedge funds AUM nearing $4tn in Q4 2020
(Opalesque) Hedge funds assets under management (AUM) grew to just shy of $4tn in Q4 2020, mainly driven by performance, said Preqin in its Fact Sheet. AUM also rose $299bn from the end of Q3, marking 9.3% growth since the […]
Twitterisation’: How social media is reshaping asset management firms’ business models
(Hedgeweek) Social media networks are now “critical communications channels and sources of real-time data” for investment managers, presenting myriad opportunities – and potentially huge risks – to firms, and dramatically reshaping the way they trade portfolios, build investment ideas and […]
Snowflake eliminates dual-class share structure, hits estimates on guidance
(CNBC) Snowflake stock fell as much as 7% then rebounded in extended trading on Wednesday after the data analytics software company gave full-year guidance that met but did not exceed analysts’ estimates, and announced an end to its dual-share class […]
Disney shuttering at least 20% of Disney Stores as it shifts focus to e-commerce
(CNBC) Disney said Wednesday that it will close 20% of its brick-and-mortar Disney Store locations before the end of the year as part of a bigger focus on its e-commerce business. At least 60 of its North American locations will […]
SEC Charges Seven Individuals for $45 Million Fraudulent Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged seven individuals and a technology company in connection with a fraudulent scheme to gain control of Airborne Wireless Network, promote its stock, and defraud investors. According to the SEC’s complaint, Kalistratos “Kelly” […]
Man Group: Funds under management hit $123.6bn, raises dividend
(Opalesque) The world’s largest listed hedge fund manager, Man Group, raised its dividend by 8 percent as funds under management marked a record high for the firm. Funds hit $123.6bn under management from $117.7 billion the year before, as alternative […]
Hedge fund chief Thomas Sandell pays $105 million to settle New York tax fraud claim
(CNBC) Hedge fund founder Thomas Sandell on Tuesday paid a whopping $105 million to settle claims that he fraudulently evaded New York city and state taxes on more than $450 million on fees he earned, officials said. The settlement — […]