Monthly Archives: February 2021
Credit Suisse swings to fourth-quarter loss, weighed down by provisions for a U.S. legal dispute
(CNBC) — Credit Suisse reported Thursday a net loss of 353 million Swiss francs ($392.8 million)for the fourth quarter of 2020 on the back of higher provisions. The net loss was better than analysts had expected. According to Refinitiv, analysts […]
Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead
(CNBC) Bitcoin could rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager. But JPMorgan warned of risks ahead as the cryptocurrency continues to rally. Anthony Pompliano, co-founder and […]
BlackRock’s Rick Rieder says the world’s largest asset manager has ‘started to dabble’ in bitcoin
(CNBC) BlackRock’s Rick Rieder says the world’s largest asset manager has begun entering the bitcoin space. The remarks from Rieder, who is BlackRock’s chief investment officer of global fixed income, came on the same day bitcoin broke above $51,000 for […]
Apollo Global Management raises $2.34bn for a fourth dislocated credit fund
(Opalesque) The alternative investment manager Apollo Global Management has closed its fourth dislocated credit fund at about $2.34 billion in capital commitments. The Apollo Accord Fund IV, the latest investment vehicle in the New York City-headquartered investment manager’s flagship Accord […]
Barclay Hedge Fund Index up 0.98% in January
(Opalesque) Hedge funds started 2021 on a positive note returning 0.98% in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was down 1.01% in […]
Handful of hedge funds bet big on GameStop before its wild ride
(Reuters) – A handful of small hedge funds were in a position to profit from the Reddit rally that sent shares of GameStop Corp and other out-of-favor stocks rocketing higher last month at the expense of prominent investors who had […]
SEC Charges Morningstar Credit Ratings With Disclosure And Internal Controls Failures
(HedgeCo.Net) The Securities and Exchange Commission has filed a civil action alleging that former credit ratings agency Morningstar Credit Ratings LLC violated disclosure and internal controls provisions of the federal securities laws in rating commercial mortgage-backed securities (CMBS). Credit ratings […]
Managed futures hedge funds are rebounding following last month’s losses
(Hedgeweek) Managed futures hedge funds have mounted an impressive fightback in recent weeks after finishing last month in the red, with new data showing its key CTA and trend-following indices storming into positive territory at February’s mid-way point. To read […]
Jeff Bezos overtakes Elon Musk to reclaim spot as world’s richest person
(CNBC) Amazon CEO Jeff Bezos reclaimed his title as the world’s richest person after he leapfrogged Tesla CEO Elon Musk, according to real-time data from Forbes. Musk saw his net worth slide by $3.9 billion on Tuesday as Tesla shares […]
Consumer spending expected to see boost in January, helped by stimulus checks
(CNBC) Aided by government stimulus checks, consumers are expected to have boosted their spending in January, and the trend is likely to continue to gain momentum as more of the economy reopens. Economists expect retail sales rose by 1.2% after […]
Justice Department seeks more information on Salesforce’s $27 billion deal for Slack
(CNBC) The U.S. Justice Department’s Antitrust Division has asked Salesforce and Slack for more information ahead of Salesforce’s plan to buy the smaller software company for $27 billion, Salesforce said Tuesday. The development could indicate greater scrutiny into prominent technology […]
Elon Musk’s SpaceX raised $850 million, jumping valuation to about $74 billion
(CNBC) SpaceX completed another monster equity funding round of $850 million last week, people familiar with the financing told CNBC, sending the company’s valuation skyrocketing to about $74 billion. To read this article:
