Monthly Archives: February 2021
Rising U.S. bond yields pose new threat to sky-high stocks
(Reuters) The U.S. stock market has so far digested a surge in Treasury yields, but some investors are worried that a continued ascent could prove more problematic. The yield on the benchmark 10-year Treasury note , which rises when bond […]
Pandemic caused $220 billion of global dividend cuts in 2020, research says
(CNBC) Global dividends fell sharply in 2020 due to the coronavirus pandemic, with the amount of investor payouts declining 12.2% to $1.26 trillion, according to new research. As the international public health crisis spread throughout the world, prompting lockdowns and […]
Blank-check firm led by ex-Goldman banker aims for $500 million IPO
(Reuters) A blank-check company backed by an investment adviser associated with Michael Dell and by Gregg Lemkau, the former co-head of investment banking at Goldman Sachs Group Inc, on Friday filed paperwork to raise up to $500 million in its […]
Citadel’s Ken Griffin defends controversial Wall Street practice, says firm would adapt if it were outlawed
(CNBC) During Thursday’s GameStop hearing, Citadel Securities’ Ken Griffin defended a controversial method brokerages use to make money, and said his firm would adapt if new regulations prohibited the practice. Lawmakers finally got a chance to press Robinhood, Citadel and […]
Reddit CEO defends platform’s role in GameStop surge
(CNBC) Testifying before Congress on Thursday, Reddit CEO Steve Huffman defended the role Reddit played in the January surge of GameStop shares. Huffman told members of the House Financial Services Committee at a hearing on Thursday that Reddit did not […]
SEC Charges Digital Asset Trading Platform and Its CEO with Registration Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Coinseed, a company that purported to offer a mobile investment application that enabled users to invest in digital assets, and its co-founder and Chief Executive Officer, Delgerdalai Davaasambuu, in connection […]
Treasury Secretary Janet Yellen makes push for major stimulus, sees bigger risk in not doing enough
(CNBC) Treasury Secretary Janet Yellen on Thursday said a large stimulus package is still necessary to get the economy back to full strength, despite momentum suggesting that growth is off to a faster start than anticipated in 2021. To read […]
Biden tax hikes would likely phase in slowly, Treasury Secretary Yellen says
(CNBC) Treasury Secretary Janet Yellen said Thursday that any tax increases sought by the Biden administration to help pay for big-ticket spending would be introduced gradually. Yellen, added that the proposed tax increases would likely come later in 2021 as […]
Wilshire Liquid Alternative Index returns 0.01% in January
(Opalesque) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.01% in January, outperforming the – 0.16% monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid […]
Barclay CTA Index dips .02% in January
(Opalesque) CTAs were unable to extend their two-month winning streak into the New Year as January performance dipped 0.02% for the month according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. “Although equity prices and […]
Equities and macro names drive Brummer multi-strategy hedge fund’s February rebound
(Hedgeweek) Brummer & Partners’ flagship multi-strategy fund has made a strong start to February, with its equities- and macro-focused managers generating strong gains that have helped the Stockholm-based outfit reverse January’s losses. To read this article:
Interactive Brokers chair says financial system came ‘dangerously close’ to failure during GameStop mania
(CNBC) Interactive Brokers chairman Thomas Peterffy told CNBC Wednesday that the U.S. financial system faced greater stress during the GameStop trading frenzy than is generally recognized. “We have come dangerously close to the collapse of the entire system and the public seems […]
