Monthly Archives: January 2022

Top Chinese quant hedge fund ‘deeply guilty’ over record losses

(Hedgeweek) Zhejiang High-Flyer Asset Management, one of China’s top quant hedge fund managers, has apologised to investors following a record slump in performance, according to a report by Bloomberg. To read this article:

SEC Charges Vuuzle Media Corp. and Affiliated Individuals in Connection With $14 Million Offering Fraud

(HedgeCo.Net) The Securities and Exchange Commission has charged Vuuzle Media Corporation, a purported online live streaming and entertainment company, and its founder Ronald Shane Flynn (a.k.a. Ronnie Shane) with fraudulently offering over $14 million in securities to investors across the […]

Hedge fund assets hit record $3.6tn after delivering best performance in more than a decade: hedge fund news, week 04

(Opalesque) In the week ending January 22nd 2021, HFR reported that hedge fund industry capital surged to conclude a volatile 2020 as strong performance gains drove hedge fund assets globally, and in particular Equity Hedge strategies, to significant new milestones. […]

Interactive Brokers restricted GameStop trading to protect the market, says Chairman Peterffy

(CNBC) Interactive Brokers Chairman Thomas Peterffy said the broker’s move to curb trading in speculative names was to safeguard the market and the clearing firms that settle the trades. “We are worried about the integrity of the marketplace and the […]

Robinhood CEO says it limited buying in GameStop to ‘protect the firm and protect our customers’

(CNBC) Robinhood CEO Vlad Tenev said Robinhood’s move to stop trading in certain speculative names was in the best interest of the company and its millions of users. To read this article:

‘You’ve got to have a cop on the beat’: Elizabeth Warren slams SEC over GameStop chaos

(CNBC) Sen. Elizabeth Warren lambasted the Securities and Exchange Commission on Thursday for the regulator’s failure to take action after a dayslong blitz of market speculation. “We need an SEC that has clear rules about market manipulation and then has […]

Reddit group drives Dogecoin, a cryptocurrency originally started as a joke, up over 800%

(CNBC) Dogecoin, a digital coin originally founded as a joke, has soared over 800% after a Reddit board talked about making it the cryptocurrency equivalent of GameStop. To read this article:

Blackstone’s hedge fund AUM dips despite performance gains, as group-wide assets rise 8 per cent

(Hedgeweek) Blackstone – the world’s largest alternative investment manager – has seen its group-wide assets increase by 8 per cent, though its hedge fund capital fell slightly last year, despite positive performance amid “significantly less volatility than the broader markets”. […]

Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok

(Bloomberg) In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and […]

Melvin Capital, hedge fund targeted by Reddit board, closes out of GameStop short position

(CNBC) Melvin Capital closed out its short position in GameStop this week after taking a huge loss, the hedge fund’s manager told CNBC’s Andrew Ross Sorkin. GameStop, hedge funds’ most-hated stock, was targeted by an army of retail investors who […]

Welcome to the super cycle: Apple just had the best quarter in the history of the smartphone

(CNBC) Apple reported blowout earnings on Wednesday. Even during a global pandemic, every single product line was up, leading to the company’s first quarter with over $100 billion in sales. To read this article:

Investors redeemed $58bn from hedge funds in 2020

(Opalesque) Investors removed an estimated $9.74 billion from hedge funds in the final month of 2020, said eVestment. YTD redemptions are estimated to be $58.76 billion. The total estimated industry AUM sits at $3.360 trillion. To read this article: