Monthly Archives: April 2021
Fidelity launches securities lending platform for fund managers to profit from short-sellers
(Opalesque) U.S. asset management giant Fidelity Investments is opening its internal securities lending platform to third-party asset managers and financial institution. To read this article:
Hedge funds extend winning streak to six months and recorded strongest Q1 return since 2006
(Opalesque) Opalesque Industry Update – Hedge fund managers the ended month of March up 1.04% on an equal-weighted basis, and down 0.63% on an asset-weighted basis, said Eurekahedge. To read this article:
Fiscal stimulus powers U.S. economic growth in first quarter
(Reuters) U.S. economic growth accelerated in the first quarter as the government gave money to mostly lower-income households, fueling consumer spending and setting the course for what is expected to be the strongest performance this year in nearly four decades. […]
Energy-focused hedge fund Luminus liquidates assets of largest fund
(Reuters) Luminus Management LLC, a hedge fund focused on energy and power sectors, has sold almost all the assets in its largest fund to return money to investors. Assets under management for the firm dropped to $1.15 billion from $2.1 […]
Wealthfront gives green light to investment in cryptocurrencies
(Reuters) Wealthfront will start allowing clients to invest in cryptocurrencies later this year, the U.S. digital wealth manager said on Wednesday, in the latest sign of growing acceptance of digital assets by mainstream finance. Starting this week, users will also […]
Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks
(CNBC)Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected. Apple stock rose over 4% at one point in extended trading. To read this article:
The Fed leaves rates unchanged – Here’s what experts are watching now
(CNBC) The Federal Reserve left interest rates unchanged at its April meeting Wednesday. David Kelly, chief global strategist at JPMorgan Asset Management, is monitoring potential asset bubbles. To read this article:
Qualcomm revenue pops 52% on strong smartphone demand
(CNBC) Qualcomm shares rose as much as 6% in extended trading on Wednesday after the chipmaker reported fiscal second-quarter earnings that exceeded analysts’ estimates. Here’s how the company did: To read this article:
Hedge funds off the pace on ESG integration, new bfinance investor poll finds
(Hedgeweek) Hedge funds are falling behind other sectors such as private equity and real estate when it comes to integrating ESG factors into their portfolios. To read this article:
Previously-Barred Broker Charged with Defrauding Investors in a Pre-IPO Investment Scheme
(HedgeCo.Net) According to the SEC’s complaint, in the summer of 2019, Peter R. Quartararo of Hicksville, New York, a former broker who had previously been barred by FINRA, began soliciting investors to invest through him in shares of several “unicorn” […]
Elon Musk says U.S. SEC is sometimes ‘too close’ to Wall Street hedge funds
(Reuters)Tesla Inc Chief Executive Elon Musk said on Tuesday the U.S. Securities and Exchange Commission was an important watchdog for investors but questioned why it was not more proactive against the growth of listed blank-check companies. To read this article:
Google sales top estimates on ad surge; Alphabet plans $50 billion buyback
(Reuters) Google parent Alphabet Inc on Tuesday beat quarterly revenue estimates and announced a $50 billion share buyback as the recovering economy and surging use of online services combined to accelerate its advertising and cloud businesses. To read this article:
