Monthly Archives: February 2021
This metric suggests there’s an economic boom ahead — and possibly inflation
(CNBC) As Washington squabbles over stimulus, the bond market is already counting on lots of fiscal spending and an economic bounce back. In an extreme case, inflation might be a risk. The metric the bond market is watching is the […]
Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3
(CNBC) Amazon CEO Jeff Bezos will leave his post later this year, turning the helm over to the company’s top cloud executive, Andy Jassy, according to an announcement Tuesday. Bezos will transition to executive chairman of Amazon’s board. Bezos, 57, […]
Treasury Secretary Janet Yellen to call regulator meeting on GameStop volatility, seeks ethics waiver
(CNBC) U.S. Treasury Secretary Janet Yellen is calling a meeting of key financial regulators this week to discuss market volatility driven by retail trading in GameStop and other stocks. Yellen will convene heads of the Securities and Exchange Commission, the Federal […]
SEC Charges Former Executives of San Francisco Bay Area Company With Accounting Violations
(HedgeCo.Net) The Securities and Exchange Commission today charged Joseph Jackson and Colm Callan, respectively the former CEO and CFO of WageWorks Inc. with making false and misleading statements and omissions, including to the company’s auditors, that resulted in the company’s improper recognition […]
Reddit user who helped inspire GameStop mania says he lost $13 million on Tuesday, but is still holding on
(CNBC) Keith Gill — who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube — says he suffered a loss north of $13 million on Tuesday alone from his GameStop bet, but he’s still not selling. He’s the man […]
Sen. Elizabeth Warren asks Robinhood to explain why it restricted GameStop trades after hedge funds’ losses
(CNBC) Sen. Elizabeth Warren on Tuesday asked Robinhood in a letter to explain why it restricted trading in red-hot shares of GameStop after hedge funds suffered huge losses in a short squeeze. Warren, D-Mass., noted that the online brokerage last […]
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 […]