Monthly Archives: April 2022
Fed’s Bullard says interest rate policy is ‘behind the curve,’ but it’s making progress
(CNBC) The Federal Reserve needs to raise interest rates substantially to control inflation but may not be as “behind the curve” as it appears, St. Louis Fed President James Bullard said Thursday. One of the Federal Open Market Committee’s most […]
Crypto trading platform eToro launches $20 million NFT fund as industry approaches inflection point
*CNBC) Trading platform eToro unveiled a $20 million fund to purchase NFTs and bolster creators. The firm announced the launch at The Bass, a contemporary art museum in Miami, Thursday. The trading platform’s fund is part of a new initiative […]
McKinsey ex-partner gets 2 years prison for insider trading on Goldman purchase
(Reuters) A former McKinsey & Co partner who helped advise Goldman Sachs Group Inc (GS.N) on its recent purchase of fintech lender GreenSky Inc was sentenced on Wednesday to two years in prison for insider trading on the takeover. The […]
Volatility surge causes liquidity strain in rate options market as Fed tightens
(Reuters) A surge in hedging to protect against aggressive Federal Reserve tightening has caused liquidity problems in the interest rate options sector, reflecting a trend that has been going on in some parts of the bond market. Strong demand has […]
Crypto exchange Binance.US valued at $4.5 bln in first external funding round
(Reuters) Crypto exchange Binance.US said on Wednesday it had raised more than $200 million in a seed funding round at a pre-money valuation of $4.5 billion. Launched in 2019, the company is operated by BAM Trading services, the U.S. partner […]
Tapping into the hedge fund renaissance
(Hedgeweek)As hedge fund assets rise and performance rebounds, prime brokers can be a critical part of the industry’s growth. To read this article:
Hedge funds experience “perfect storm” of increased margin requirements
(Hedgeweek) Hedge funds risk being caught in Phase 6 of the Uncleared Margin Rules (UMR) without adequate preparation owing to continued uncertainty over whether they are in scope, according to a report from Acuiti. To read this article:
The US dominates the list of global top five VC funded companies in 2021
(Opalesque) With three US-based companies-Cruise, Robinhood, and Databricks-collectively attracting $12.8 billion worth of venture capital (VC) funding, the USA dominated the list of the global top five VC-funded companies in 2021, said a study. According to a report by GlobalData, […]
Fintech stocks Toast, Affirm close down on analyst concerns about ‘longer-term growth trajectories’
(CNBC) Shares of Toast and Affirm dropped on Tuesday after analysts at MoffettNathanson said “longer-term growth trajectories are likely to disappoint” at the two fintech companies. Toast, a point-of-sale software provider for restaurants, was down almost 12% at close Tuesday […]
Takeover Bid of Fortune 500 Company was a Sham
(HedgeCo.Net) The Securities and Exchange Commission has charged Melville ten Cate, a U.S. citizen residing abroad, with fraud stemming from his allegedly phony offer to purchase Textron – a large U.S.-listed aircraft, defense, and industrial company. The SEC’s complaint, filed […]
Emerging markets suffer $9.8 billion outflow in March with big hit to China
(Reuters) Emerging markets suffered their first portfolio outflows in a year in March, driven by investors ditching Chinese assets and growing anxiety over recent geopolitical events, a report by the Institute of International Finance (IIF) showed on Tuesday. Foreign net […]
Investment firm files demand for arbitration against Morgan Stanley –
(Reuters) Disruptive Technology Solutions LLC and affiliated funds have filed a demand for arbitration against Wall Street bank Morgan Stanley (MS.N) with the Financial Industry Regulatory Authority, the Wall Street Journal reported, citing a copy of the letter it had […]
