Monthly Archives: February 2021
Dow futures turn positive in turbulent overnight trading after worst week since October
(CNBC) U.S. stock index futures turned positive in volatile overnight trading following last week’s heavy losses —the worst for the market since October. Futures contracts tied to the Dow Jones Industrial Average edged 67 points higher. S&P 500 futures and […]
Melvin Capital, hedge fund that bet against GameStop, lost more than 50% in January
(CNBC) Hedge fund Melvin Capital Management lost 53% in January amid a record rally in GameStop and other stocks the fund was betting against, a source familiar with the matter told CNBC. The heavy losses come as retail investors piled […]
Robinhood and Reddit protected from lawsuits by user agreement, Congress
(Reuters) Robinhood Markets Inc’s user agreement is likely to protect the brokerage app from a barrage of lawsuits filed by customers after it blocked a frenzied trading rally in companies such as GameStop Corp that was fueled on social media […]
VC investment in the Asia-Pacific region remained strong with $25.2bn in Q4
(Opalesque) In its strongest performing quarter of the year, Asia attracted $25.2 billion in VC investment in Q4’20 – up from $24.4 billion in Q3’20, said a study. “VC investment in Asia continued to rebound in Q4’20, driven primarily by […]
Wells Fargo CEO Scharf’s pay drops nearly 12% in 2020
(Reuters) Wells Fargo & Co Chief Executive Officer Charles Scharf’s annual pay fell by about $3 million, or 12%, in 2020, a regulatory filing showed on Friday. Scharf will receive $20.3 million for his work during the year, compared with […]
SEC Charges Wells Fargo In Connection With Investment Recommendation Practices
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network for failing reasonably to supervise investment advisers and registered representatives who recommended single-inverse ETF investments to retail investors, and for […]
Hedge funds off to a weak 2020 start as COVID-19 outbreak weighs on global growth outlook
(Hedgeweek) Hedge fund managers returned 0.07 per cent in January 2020, recording their weakest January since 2016, according to data released by Eurekahedge. To read this article:
Man Group: “Worst possible time” for investors’ hedge fund withdrawal, as cycle turns
(Hedgeweek) Investors are slashing their exposure to hedge fund products at the “worst possible time”, says Man Group’s Pierre-Henri Flamand, amid signs that the long bull market run is starting to run out of steam – throwing up new opportunities […]
US-based venture capital funds: Net cash flow turns negative for the third year in a row
(Opalesque) US-based venture capital funds have posted double-digit median net internal rate of return (IRR) from vintage 2010 onwards, said a report by Preqin. The high of 18.9% for vintage 2016 funds indicates early increases in the unrealized value of […]
Asset managers: Fee pressure takes a toll on operating margins
(Opalesque) Operating margins for traditional publicly traded U.S. money managers fell by more than 20% over the five years ended Dec. 31, said a report. To read this article:
Women still account for less than 20% of alternative assets employees
(Opalesque) Representation has improved over the last two years, but a strong imbalance remains, according to Preqin, a provider of data, analytics and insights to the alternative assets community: Preqin’s landmark 2020 Women in Alternatives study finds that more women […]
Square emerges as a coronavirus hedge while other payment stocks get crushed
(CNBC) Square has been an outlier in this week’s payment stock wreckage.Shares of Mastercard, Visa, American Express and Paypal were battered as companies warned of a slowdown in spending and travel due to the quickly-spreading coronavirus. Meanwhile, Square surged as […]
