Monthly Archives: February 2021
Alibaba, Once a Fund Darling, Dumped By Point72, Hillhouse
(Bloomberg) Alibaba Group Holding Ltd, once the most valuable company in China, is turning from a global hedge fund favorite to something less than desirable. Investors from hedge fund titans such as Point72 Asset Management and Moore Capital Management to […]
Barclays investor poll predicts rush of new capital in “breakout year” for hedge funds
(Hedgeweek) Hedge funds could be set for a rush of new capital pouring into the industry this year – potentially reaching up to USD30 billion – as investor appetite grows following strong 2020 performances, Barclays said on Wednesday. To read […]
GameStop shares soar more than 100% amid executive shuffle
(CNBC) Shares of GameStop surged more than 100% on Wednesday as investors poured into the brick-and-mortar retailer amid a C-suite shake-up. Shares were halted with less than 30 minutes left in the trading day and the stock ended the day […]
Berkshire Hathaway’s Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000
(CNBC) Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy. To read this article
Two Former KPMG Auditors Charged for Improper Professional Conduct During Audit of Not-for-Profit College
(HedgeCo.Net) The Securities and Exchange Commission has suspended two former KPMG auditors from practicing before the SEC in connection with settled charges against the two for improper professional conduct during an audit of the now defunct, not-for-profit College of New […]
Hedge Funds Seen Luring Up to $30 Billion in Recovery This Year
(Bloomberg) Hedge funds are likely to attract as much as $30 billion from investors this year, marking the industry’s first annual net inflow since 2017, according to Barclays. The projected $10 billion to $30 billion in net investment would also […]
Are we in a bubble? How founder of world’s largest hedge fund says 2021 stock market stacks up
(Marketwatch) The stock market is feeling awfully frothy to some investors lately, a fact that has helped to weigh on the market’s bullish sentiment in the past week or so, but a report by Ray Dalio implies that equities aren’t […]
Square buys $170 million worth of bitcoin
(CNBC) Square bought $170 million worth of bitcoin, the company revealed in its fiscal fourth-quarter financial report Tuesday. The company said it purchased approximately 3,318 bitcoins, expanding on its October 2020 buy of 4,709. Square said it represents about 5% […]
AT&T nears deal with TPG to sell large minority stake in DirecTV, U-verse at $15 billion valuation
(CNBC) AT&T is nearing a deal to sell a substantial minority stake in its DirecTV, AT&T TV Now and U-Verse business to private equity firm TPG, according to people familiar with the matter. To read this article:
Dow reverses a 360-point loss and ends day higher after Powell eases inflation fears
(CNBC) The Dow Jones Industrial Average bounced back from steep losses and closed the session in the green on Tuesday after Federal Reserve Chair Jerome Powell relieved some of the concerns about higher interest rates and inflation. To read this […]
High-profile hedge funds still circling Tullow Oil, as debt-laden driller mounts fightback
(Hedgeweek) A number of well-known hedge fund short sellers continue to target London-listed oil and gas company Tullow Oil, as the beleaguered exploration firm looks to overhaul its business model and improve its balance sheet position. To read this article:
Final Judgment Handed Down Against Connecticut Investment Adviser Who Misappropriated Funds from Clients
(HedgeCo.Net) The Securities and Exchange Commission has announced the entry of a final judgment against former Connecticut investment adviser James T. Booth. The SEC complaint, filed on September 30, 2019, alleges that Booth operated a multi-million dollar Ponzi scheme that bilked […]
