Monthly Archives: April 2021
UBS, Nomura push global banks’ Archegos losses over $10 billion
(Reuters) UBS reported an unexpected $774 million loss on Tuesday from the collapse of U.S. investment fund Archegos, taking the total hit to global banks from the stricken family office beyond $10 billion. To read this article:
Hedge fund short sellers continue to target embattled energy services provider Petrofac
(Hedgeweek) Hedge fund short sellers continue to target global oilfield services provider Petrofac, which has suffered a USD180 million annual loss and falling revenues amid an ongoing fraud investigation. To read this article:
Crypto hedge fund Nickel Digital is thriving on bitcoin’s price volatility
*Hedgeweek) As the ongoing digital assets boom continues to throw up myriad investment opportunities for asset managers and investors alike, London-based Nickel Digital Asset Management aims to bridge the gap between traditional finance and the cryptocurrency market, offering a diverse […]
Microsoft says LinkedIn topped $3 billion in ad revenue in the last year, outpacing Snap and Pinterest
(CNBC) Microsoft said Tuesday LinkedIn’s ads business has brought in more than $3 billion in revenue during the year ended March 31, outpacing pure-play digital ads competitors like Snap and Pinterest. The company does not regularly report revenue from LinkedIn’s […]
Florida Company and CEO Charged with Operating a Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Melbourne, Florida resident […]
UBS takes a hit from Archegos scandal as it reports first-quarter net profit of $1.8 billion
(CNBC) UBS reported on Tuesday net income of $1.8 billion for the first quarter of 2021, as it revealed a hit to earnings from the scandal involving Archegos Capital. “Our first quarter results also factored in a loss related to […]
GameStop shares jump after the Reddit favorite raises $551 million in stock sales
(CNBC) GameStop’s stock price climbed in extended trading Monday after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation. The stock, favored by the Reddit retail trading crowd, jumped […]
Biden’s 100-day stock market performance is the hottest going back to the 1950s
(CNBC) So far in his young presidency, President Joe Biden has been one of the best friends the stock market has ever had. Better, in fact, than any president before him going back to at least the 1950s and the […]
Tesla posts record net income of $438 million, revenue surges by 74%
(CNBC) Tesla reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 3% after hours as investors digested the numbers. To read this […]
Thoma Bravo’s $12.3 billion purchase of Proofpoint is the largest private equity cloud deal
(CNBC) Even with private equity firms spending record amounts of cash for software in recent years, Thoma Bravo just trumped them all, announcing the biggest cloud buyout ever on Monday. To read this article:
Crypto hedge fund BKCoin Capital strengthens team with new quantitative trading head
(Hedgeweek) Digital assets hedge fund BKCoin Capital has named Mark Treinkman as head of quantitative trading. To read this article:
How Covid-19 sank quant macro hedge fund pioneer IPM
(Hedgeweek) Long-running systematic macro hedge fund IPM says the Covid-19 pandemic “aggravated” an already challenging situation for the firm, leading to its decision to shut down the business. To read this article:
