Monthly Archives: April 2022
How U.S. banks are dipping their toes in the crypto water
(Reuters) Last week, a top U.S. banking regulator warned of growing risks as banks start to capitalize on the popularity of cryptocurrencies to offer related services to clients. Here is how some of the biggest banks operating in the United […]
Fed’s Mary Daly says high inflation ‘is as harmful as not having a job,’ pledges rate hikes ahead
(CNBC) San Francisco Fed President Mary Daly is worried about inflation, telling an audience Tuesday that the high cost of living is causing a heavy burden on society. “I understand that inflation is as harmful as not having a job,” […]
SEC Obtains Final Judgment Against Hedge Fund Adviser Who Jury Found Liable for Securities Fraud
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against a hedge fund adviser and his investment advisory firm. According to the SEC’s complaint, filed in September 2018, Gregory Lemelson and Massachusetts-based Lemelson Capital Management, LLC (“LCM”) were […]
Hedge funds’ confidence level remains resilient
(Opalesque) Confidence levels reported by hedge funds remain resilient despite a number of prevailing headwinds impacting the global economy, including the war in Ukraine and subsequent economic sanctions being imposed, consumer price inflation being at a 40-year high, not forgetting […]
Elon Musk thumbs his nose at the SEC again with Twitter stake
(CNBC) The Securities Exchange Commission has another reason to come after Elon Musk. The world’s richest man disclosed Monday that he’s acquired a 9.2% stake in Twitter, sending the social media company shares up more than 28% in afternoon trading. […]
Stock futures are flat in overnight trading after tech-led rally
(CNBC) Stock futures were flat in overnight trading Monday after investors bought the dip in technology shares following recent weakness. Futures on the Dow Jones Industrial Average dipped 14 points. S&P 500 futures were little changed, and Nasdaq 100 futures […]
Bear market rally’ is setting stage for a correction, Morgan Stanley’s Mike Wilson warns
(CNBC) A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. To read this article:
Treasury yields invert as traders weigh U.S. recession risk
(CNBC) The bond market on Monday continued to flash warning signs that the U.S. economy could be headed for a recession after U.S. Treasury yields inverted again. The yield on the 2-year Treasury yield inched marginally lower to 2.424, while […]
Poorly performing stocks see Tiger Global’s flagship hedge fund drop 34 per cent in Q1
(Hedgeweek) Tiger Global’s flagship hedge fund is down 34 per cent in Q1 2022 on the back of poorly performing stock investments and markdowns on private holdings, according to a report by Bloomberg. To read this article:
Investment Adviser Charged for Undisclosed Conflicts of Interest Related To Real Estate Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a Marin, California resident and his investment firm for their roles selling securities in Professional Financial Investors, Inc. (“PFI”), a Marin County, California real estate investment and management company that defrauded investors. […]
Hedge funds record $10bn net inflows in February
(Opalesque) In the week ending April 1st 2022, eVestment reported that after starting 2022 with net investor redemptions, hedge funds bounced back in February with investors pouring $10 billion in new money into the business. After January’s outflows, year-to-date asset […]
Stock futures are flat after S&P 500 notches third straight week of gains
(CNBC) U.S. stock index futures were flat during overnight trading Sunday, after the S&P 500 posted a third straight week of gains. Futures contracts tied to the Dow Jones Industrial Average slid 14 points. S&P 500 futures were flat, while […]
