Monthly Archives: February 2021

(CNBC) Rising bond yields and accompanying inflation fears are adding a level of drama to Federal Reserve Chairman Jerome Powell’s appearance this week before Congress. The central bank chair is slated to address Senate and House panels on successive days […]

(CNBC) Treasury Secretary Janet Yellen issued a warning Monday about the dangers that bitcoin poses both to investors and the public. Despite a sharp slide in price to start the week, the cryptocurrency continues to trade above $53,000 as it […]

(CNBC) WeWork co-founder Adam Neumann and SoftBank are nearing a settlement agreement that would entitle the former CEO to a payout of $480 million for approximately 25% of his shares in the company, a person familiar with the matter told […]

(CNBC) Hedge funds are still licking their wounds after a retail trading frenzy forced the industry to slash its overall exposure to stocks, leading to an underperformance in 2021. To read this article:

(Hedgeweek) In recent months, Market Neutral L/S strategies underperformed other hedge fund strategies, in a context where risk assets rallied following the Pfizer vaccine announcement in November 2020. To read this article:

(Hedgeweek) Inflation is the next big risk facing the nascent economic recovery, and equity investors should be “exceptionally selective” in their exposures, tilting portfolios towards market neutral strategies that will help avoid excessive beta risk, says Man Group’s Pierre-Henri Flamand. […]

(Opalesque) Two-thirds of respondents in a new survey expect aggressive portfolios to outperform defensive ones in 2021, despite the same proportion saying the global economy will fail to fully recover from the coronavirus crisis this year. To read this article:

(Opalesque) Risk assets experienced a strong rebound in recent weeks, which benefitted Directional L/S (+3.8%) and Special Situation (+2.7%) strategies on a month-to-date basis, said Lyxor. CTAs also posted solid returns during the same period, up +3.1%. On a negative […]

(Hedgeweek) US hedge fund titan Kenneth Griffin founder, CEO and co-CIO of Citadel, says the recent GameStop trading frenzy demonstrates the need to overhaul the settlement process in markets, and wants a shorter timeframe for settling trades, along with more […]

(Reuters) Activist investor Elliott Management Corp has taken a stake in Principal Financial Group Inc and plans to push for changes at the life Insurance company, Bloomberg reported late on Sunday, citing sources. The New York-based hedge fund is nearing […]

(CNBC) A group of activist investors with about 9.5% stake in Kohl’s Corp is attempting to take control of the department store chain’s board, The Wall Street Journal reported on Sunday. Investors including Macellum Advisors GP, Ancora Holdings, Legion Partners […]