Monthly Archives: February 2022
NFT marketplace OpenSea is investigating a phishing hack
(CNBC) NFT marketplace OpenSea is investigating a “phishing attack” that no longer appears to be active, the company’s chief executive said late Saturday. “We don’t believe it’s connected to the OpenSea website. It appears 32 users thus far have signed […]
Next bitcoin bull run won’t happen until end 2024, says top crypto exchange co-founder
(CNBC) Bitcoin may not see a bull market until late 2024 or the beginning of 2025, if past price cycles are any indication, according to the co-founder of Huobi, one of the world’s largest cryptocurrency exchanges. Du Jun says that […]
Energy-focused hedge fund Powhatan files for bankruptcy after years of litigation
(Opalesque) Powhatan Energy Fund LLC has filed for Chapter 7 bankruptcy liquidation, with more than $26m in Federal Energy Regulatory Commission (FERC) market manipulation sanction liabilities but less than $53,000 in cash. The filing effectively ends years of litigation. To […]
Infinity Q Founder Charged with Orchestrating Massive Valuation Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged James Velissaris, the former Chief Investment Officer and founder of Infinity Q Capital Management, with overvaluing assets by more than $1 billion while pocketing tens of millions of dollars in fees. The […]
Buffett says Berkshire’s Activision purchase was ‘no bonanza’
(Reuters) In a letter released by Buffett’s office on Thursday, Buffett said one of his investment managers paid about $77 per share for Berkshire’s 14.7 million Activision shares, acquiring about 85% of his position in October and the rest in […]
Innocap to acquire BNY Mellon’s HedgeMark
(Opalesque) Innocap Investment Management Inc. has entered into a definitive agreement to acquire BNY Mellon’s HedgeMark business to create a single technology-enabled alternative investment platform and become the global industry leader. The consideration for the sale will be a combination […]
Fed’s Bullard says inflation ‘could get out of control,’ so action is needed now
(CNBC) St. Louis Federal Reserve President James Bullard cautioned Thursday that without central bank action on interest rates, inflation could become an even more serious problem. “We’re at more risk now than we’ve been in a generation that this could […]
Stock futures are higher after Dow suffers its worst day of the year
(CNBC)Stock futures edged higher in overnight trading Thursday following the Dow Jones Industrial Average’s worst day of 2022 as investors dumped risk assets amid geopolitical concerns. Futures on the blue-chip Dow were up by 144 points. S&P 500 futures gained […]
World’s top 15 hedge fund managers earned $15.8bn in 2021
(Hedgeweek) The world’s top 15 hedge fund managers made a USD15.8 billion between them in 2021, according to Bloomberg’s latest rankings. To read this article:
Crypto, equity options and rates are the biggest opportunities in 2022, say proprietary trading firms
(Hedgeweek) Proprietary trading firms see the most opportunity in 2022 in crypto-currencies, equity options and interest rate markets, the latest Proprietary Trading Management Insight Report has found. To read this article:
Minutes show Fed ready to raise rates, shrink balance sheet soon
(CNBC) Federal Reserve officials set plans into motion at their most recent meeting to begin raising interest rates and shed the trillions of dollars in bonds on the central bank balance sheet, according to minutes released Wednesday. Some officials at […]
Nvidia provides strong revenue outlook on demand for computer chips
(CNBC) Nvidia reported fourth-quarter earnings and sales on Wednesday that beat analyst expectations and provided a strong outlook for the current quarter. The stock fell about 2% in extended trading. Here’s how the chipmaker did versus Refinitiv consensus expectations for […]
