Monthly Archives: March 2021
AI-driven hedge fund Quantumrock sees positive performance in February 2021
(Hedgeweek) Despite difficult market conditions, Quantumrock’s flagship strategy, Volatility Special Opportunities Program (VSOP), has closed February with +0.49 per cent. To read this article:
AT&T and Three Executives Charged with Selectively Providing Information to Wall Street Analysts
(HedgeCo.Net) The Securities and Exchange Commission has charged AT&T, Inc. with repeatedly violating Regulation FD, and three of its Investor Relations executives with aiding and abetting AT&T’s violations, by selectively disclosing material nonpublic information to research analysts. According to the […]
Dow futures rise more than 100 points after Senate passes $1.9 trillion Covid relief bill
(To read this article:)Dow futures rose on Sunday evening as a new stimulus package from Washington headed toward final passage this week. Futures contracts tied to the Dow Jones Industrial Average added 155 points, or 0.5%. Those for the S&P […]
The Senate passed Biden’s $1.9 trillion stimulus bill – here’s what’s next
(CNBC) The Senate has passed President Joe Biden’s landmark$1.9 trillionstimulus package, a major step in the bill’s evolution into law. The Senate, led by Majority Leader Chuck Schumer, D-N.Y., voted along party lines Saturdayto approve the massive Covid-19 relief plan, […]
Global private equity fund-raising reach $5tn in capital over the past five years
(Opalesque) Global private equity fund-raising of $989 billion was a decline from 2019’s all-time record of $1.09 trillion, said a study. But it was still the third-highest total in history, and if you add in the $83 billion raised for […]
Investors weigh how far tech stocks can slide after volatile week
(Reuters) As U.S. technology shares stumble, investors are debating whether the decline is an opportunity to scoop up bargains or a sign of more pain to come for stocks that have led markets higher for years. To read this article:
Goldman poised to make $100 million profit off Texas deep freeze
(Reuters) Traders at Goldman Sachs Group Inc could earn roughly $100 million in profit from the winter storm last month that left many across Texas and other southern U.S. states without electricity, clean water and heat, Bloomberg News reported on […]
Venture investor Chamath Palihapitiya sells Virgin Galactic stake for about $213 mln
(Reuters) Venture investor Chamath Palihapitiya has sold his remaining personal stake in Virgin Galactic Holdings Inc, a space tourism company he helped take public in 2019, for around $213 million, regulatory filings showed on Friday. Palihapitiya sold 6.2 million shares, […]
Investment Adviser Charged with Failing to Disclose Conflicts
(HedgeCo.Net) The U.S. District Court for the District of Massachusetts has entered a final consent judgment against Bolton Securities Corporation, d/b/a Bolton Global Asset Management, in connection with the SEC’s allegations that Bolton Securities failed to disclose material conflicts of […]
Bond market sitting on a ‘powder keg,’ says ING strategist
(Marketwatch) Investors looking to recover from last week’s U.S. bond-market selloff may not get much rest. “The bond market has been sitting on a powder keg since last week. Attitude towards duration among fixed income investors has grown cautious, to […]
Hedge fund giant Man Group sees funds under management hit record high as alternative strategies rise
(Hedgeweek)Man Group, the publicly-quoted London-headquartered global hedge fund group, has seen its funds under management hit record highs, with its hedge funds and alternative strategies posting strong performances amid 2020’s unprecedented coronavirus-fuelled turbulence, despite a fall in annual pre-tax profits […]
Larger hedge funds dominate industry landscape, as 2020 proves to be the “year of outsourcing”
(Hedgeweek) The biggest hedge fund firms topped performance charts and drew the most investor capital over the course of last year, with 2020 proving “the year of outsourcing” for a range of middle office functions, as the industry demonstrated its […]