Monthly Archives: February 2021
GameStop plunges 60%, has lost more than 70% of its value since Friday
(CNBC) Shares of GameStop sank further on Tuesday, with shares of the volatile retail-trader favorite sliding 60% to finish at $90 per share. The tumble follows a more than 30% drop during the regular market session Monday after finishing at […]
North American venture capital deal value hits $182bn in 2020, up 29% YoY
(Opalesque) North American venture capital deal value reached $182bn by 2020’s end, up 29% from 2019, with an annual average growth rate of 14% since 2016, said a study. According to Preqin, COVID-19 couldn’t stop venture capital deal-making in North […]
Maximising the benefits of prime access can change the fortunes of smaller hedge funds
(Hedgeweek) As hedge funds take stock of the events of last year – the Covid-19 pandemic, geopolitical tensions and the collapse of the oil market to name a few – 2021 will be a year of opportunity for hedge funds. […]
SEC Charges Three Individuals in Digital Asset Frauds
(HedgeCo.Net) The Securities and Exchange Commission has charged three individuals with defrauding hundreds of retail investors out of more than $11 million through two fraudulent and unregistered digital asset securities offerings. According to the SEC’s complaint, filed in U.S. District […]
“Hedge funds are back”: Veteran investor Dixon Boardman sees “compelling opportunities” across three key strategy areas
(Hedgeweek) Seasoned hedge fund investor Dixon Boardman, the founder and CEO of New York-based multi-manager group Optima Asset Management, is bullish on hedge funds for the year ahead – seeing compelling opportunities across several strategies after a year in which […]
Robinhood raises another $2.4 billion as broker app deals with retail trading frenzy
(CNBC) Discount online brokerage Robinhood said Monday it has raised another $2.4 billion from investors amid the extreme bouts of market volatility. The $3.4 billion it has mobilized since Thursday exceeds the total amount it has raised since its founding […]
GameStop’s slide continues, down 16% in after-hours trading
(CNBC) Shares of GameStop continued to lose ground after the bell on Monday, with shares of the volatile retail trader favorite sliding more than 16% in extended trading. The after-hours tumble follows a more than 30% drop during the regular […]
These two indicators could determine whether the GameStop rally is near its end
(CNBC) GameStop stock has defied gravity in the past and it could again, but there are some signs its stock may be topping out, some strategists say. GameStop was down sharply Monday, off more than 30% at $225. The price […]
BP reports full-year net loss of $5.7 billion after ‘brutal’ year
(CNBC) Energy giant BP on Tuesday reported a weaker-than-expected full-year net loss, following a tumultuous 12-months in which the global oil and gas industry faced a torrent of bad news. The U.K.-based oil and gas company posted a full-year underlying […]
SEC Charges Detroit Manager with Fraud for Using Investor Funds to Play Michigan State Lottery
(HedgeCo.Net) The Securities and Exchange Commission has charged Detroit-area businessperson Viktor Gjonaj for allegedly defrauding members of the Albanian-American community out of approximately $26.4 million, some of which he spent playing the Michigan State Lottery. According to the SEC’s complaint, […]
Hedge fund billionaire Steve Cohen leaves Twitter after family receives threats amid GameStop backlash
(CNBC) Steve Cohen, the founder of hedge fund Point72 and owner of the New York Mets, has deactivated his Twitter account after his family received threats this week amid the GameStop trading frenzy. “I’ve really enjoyed the back and forth […]
Robinhood to continue trading limits on Monday, customers can still only buy one GameStop share
(CNBC) Robinhood will continue to limit trading on Monday in short-squeeze names like GameStop that have experienced explosive rallies and unprecedented volatility over the past week. Customers can only buy one share of GameStop’s stock and five options contracts. However, […]
