Monthly Archives: January 2022
Ford’s market cap tops $100 billion for first time ever
(CNBC) Ford Motor’s market value topped $100 billion for the first time ever as the automaker’s stock hit a new 52-week high Thursday. The company’s shares jumped Thursday by as much as 5.7% to $25.87, hitting another 20-plus-year high, before […]
Fed’s Harker calls for ‘action on inflation,’ sees 3 or 4 rate hikes likely this year
(CNBC) Philadelphia Fed President Patrick Harker said Thursday he foresees three or four interest rate hikes this year as likely to fight inflation. To read this article:
SS&C GlobeOp Hedge Fund Performance Index measures 0.51 per cent in December
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for December 2021 measured 0.51 per cent. To read this article:
SEC Obtains Judgment Against Investment Adviser Charged with Defrauding Clients
(HedgeCo.Net) The United States District Court for the Western District of Wisconsin has entered a partial judgment against defendant Michael F. Shillin in a previously filed civil action that charged Shillin with defrauding at least 100 advisory clients. According to […]
Inflation rises 7% over the past year, highest since 1982
(CNBC) Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during December, according to a closely watched gauge the Labor Department released Wednesday. The consumer price index, a metric that measures costs across dozens of items, increased […]
Hedge Funds AUM up 8.1% in 2021 to $4.32tn, says Preqin
(Hedgeweek) Hedge funds continued to perform well at the close of 2021, according to data from Preqin, with the firm’s 2022 Global Hedge Fund Report revealing that returns across the asset class were up 11.43 per cent (as of September […]
Hedge funds closes out 2021 with majority of funds reporting positive returns
(Opalesque) The global hedge fund business returned +1.58% in December, bringing the aggregate return for the industry for 2021 to +10.00%, according to the just-released December and year-end 2021 eVestment hedge fund performance data. Almost 80% of funds reporting to […]
Hedge funds posted their second best annual performance since 2010 despite ongoing pandemic
(Opalesque) The Eurekahedge Hedge Fund Index gained 0.91% in December, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local) which returned 3.55% over the same period. December 2021 started out on a […]
Stock futures are flat after a 3-day winning streak for Nasdaq
(CNBC) U.S. stock futures were steady in overnight trading on Wednesday after the Nasdaq Composite rose for the third session despite a red-hot consumer price index report. Dow futures rose just 20 points. S&P 500 futures gained 0.05% and Nasdaq […]
SEC Charges Additional Defendant in Phony Certificates of Deposit Scam
(HedgeCo.Net) The Securities and Exchange Commission has charged Allen C. Giltman, a former registered investment professional, with allegedly participating in a long-running fraudulent scheme to lure investors into buying fictitious certificates of deposit (CDs). The scheme resulted in victims, primarily […]
Digital assets investors remain very bearish with record outflows totalling $207m
(Hedgeweek) Digital asset investment products saw outflows totalling a weekly record of $207 million last week, according to the latest Digital Assets Fund Flows Weekly report from Coin Shares. To read this article:
UBS says the Fed is likely behind the curve in shrinking its balance sheet
(CNBC) The Federal Reserve is behind the curve when it comes to shrinking the balance sheet, according to UBS Global Wealth Management’s Kelvin Tay. Fed Chairman Jerome Powell said Tuesday that he expects a series of interest rate hikes this […]