Monthly Archives: January 2021
ETFs start 2021 with record assets of $7.6tn
(Opalesque) Data from TrackInsight, the world’s first global Exchange-Traded Funds analysis platform, shows the global ETF market finished 2020 at a record high of $7.6 Trillion, across 6,518 ETFs. A combination of strong equity market performance coupled with accelerating investor […]
Elon Musk is now the richest person in the world, passing Jeff Bezos
(CNBC) Elon Musk just became the richest person in the world, with a net worth of more than $185 billion. Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and […]
CTAs rise to best monthly gain in five years as managed futures hedge funds end 2020 in “spectacular” style
(Hedgeweek)rend-following hedge funds and managed futures strategies enjoyed a storming finish to what was ultimately a turbulent and unpredictable year for the sector, with Société Générale’s CTA indices ending 2020 in positive territory following strong December performances. To read this […]
Bitcoin tops $40,000 for first time, pushing cryptocurrency market value past $1 trillion
(CNBC) Bitcoin smashed through $40,000 to hit a new record high on Thursday helping to lift the total value of the entire cryptocurrency market above $1 trillion for the first time. The digital coin hit an all-time high of $40,367 […]
December jobs report could be weaker than forecast, due to Covid impact
(CNBC) December’s job growth likely slowed dramatically from November’s pace and could even be negative, as businesses and consumers responded to the spreading coronavirus. Economists expect 50,000 jobs were added in December, slightly more than a fifth of the 245,000 […]
Stocks rally to record highs, Nasdaq closes above 13,000 for the first time
(CNBC) Stocks rose to all-time highs on Thursday as Congress confirmed the election of Joe Biden as president and traders looked past the unrest in Washington. To read this article:
SEC Issues Over $1.1 Million to Multiple Whistleblowers
(HedgeCo.Net) The Securities and Exchange Commission has announced awards totaling more than $1.1 million to five whistleblowers who provided high-quality information that led to successful enforcement actions. In the first order, the SEC awarded three whistleblowers almost $500,000 in connection […]
Stock futures rise after Wall Street hits record highs
(CNBC) U.S. stock futures rose early Friday morning after another record breaking session on Wall Street. Futures contracts tied to the Dow Jones Industrial Average rose 165 points. Those for the S&P 500 and the Nasdaq 100 also both traded […]
Prominent activist investors post record 2020 returns despite pandemic-muted activity
(Reuters) – Some investors including William Ackman and Glenn Welling, who push corporations to perform better, posted record-breaking returns in 2020 when activist investors generally backed off demands during a year marked by wild and unexpected business conditions. Ackman’s publicly […]
Hedge funds profit from AstraZeneca fall, but FTSE short sellers face continued challenges in 2021
(Hedgeweek) Hedge funds have made gains from bets against AstraZeneca and GlaxoSmithKline in recent weeks – but bearish managers lost more than USD600 million on FTSE 100 shorts at the end of the year, with short sellers facing continuing “unpredictable swings” […]
Jamie Dimon, Goldman Sachs CEO Solomon and other business leaders call for Trump to halt violence
(CNBC) Jamie Dimon, Goldman Sachs CEO Solomon and other business leaders call for Trump to halt violence. To read this article:
Investors look on U.S. Capitol breach with ‘muted reaction,’ worry if escalates
(Reuters) – Scenes of supporters of U.S. President Donald Trump storming the Capitol building to undo Trump’s election loss shocked the world on Wednesday, but most investors viewed the unrest as a short-term event that was unlikely to have a […]