Monthly Archives: February 2021

Ex-JP Morgan strategist unveils machine-learning US equity hedge fund on Falcon platform

(Hedgeweek) Falcon Investment Management and ex-JP Morgan strategist Arman Salavitabar are launching a US equity-focused long/short hedge fund on the London-based firm’s multi-manager investment platform. To read this article:

Cryptocurrency hedge funds’ stratospheric rise continues, as more managers join bitcoin stampede

(hedgeweek) Hedge funds are continuing to profit from the ongoing surge in cryptocurrencies, as more managers pour money into digital assets’ record rise this year. To read this article:

SS&C GlobeOp Hedge Fund Performance Index at -0.33 per cent in January

(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2021 measured -0.33 per cent. To read this article:

Canadian regulator clears launch of world’s first bitcoin ETF – investment manager

(Reuters) – Canada’s main securities regulator has cleared the launch of the world’s first bitcoin exchange traded fund, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest. The Ontario Securities Commission has approved the […]

Bank of America CEO Moynihan’s pay falls more than 7% in 2020

(Reuters) – Bank of America Corp Chief Executive Officer Brian Moynihan’s annual pay fell by about $2 million, or 7.5%, in 2020, a regulatory filing showed on Friday. Moynihan will receive $24.5 million for his work during the year, compared […]

YouTube Streamer To Testify On GameStop Alongside Top Hedge Fund Managers

(Reuters) The YouTube streamer known as Roaring Kitty, who helped drive a surge of interest in GameStop Corp, will testify before a U.S. House panel on Thursday alongside top hedge fund managers. To read this article:

SEC Suspends Trading in Inactive Issuer Touted on Social Media

(HedgeCo.Net) The Securities and Exchange Commission has suspended trading in an inactive company amid questions surrounding online promotion of the company’s securities and recent trading activity. The SEC’s trading suspension order states that since late January 2021, certain social media […]

Bumble’s $14 billion date: Blackstone-backed dating app soars on market debut

(Reuters) – Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76% in their stock market debut on Thursday, fetching a $14 billion valuation for the operator of the dating app where women make the first move. […]

Disney said Covid-related costs shaved $2.6 billion from parks’ operating income in latest quarter

(CNBC) Disney took another financial hit during its fiscal first-quarter, as restrictions on attendance at its open theme parks and the continued closure of its California parks weighed heavy on its bottom line. To read this article:

Angry customers show up at Robinhood’s headquarters in the wake of GameStop trading chaos

(CNBC) Some Robinhood traders who can’t get in touch with customer service are trying another tactic: showing up at its front door. A handful of Robinhood’s clients have driven to the start-up’s headquarters in California, demanding to speak to a […]

Hedge funds: Equity strategies deliver a net return of 20% in 2020

(Opalesque) Hedge funds performed well in 12 months of soaring volatility as returns across the asset class were +16.63% for the year, with the best-performing strategy- equities – delivering +19.64%. “Taken as a whole, equity strategies delivered a net return […]

Institutional investors ask asset managers for more transparent ESG reporting

(Opalesque) During the past five years, there has been a flood of available environmental, social, and governance (ESG) data, but investors still seek better quality, greater transparency, and improved consistency to help inform decisions, according to the latest Cerulli Edge-U.S. […]