Monthly Archives: April 2021
World’s largest hedge fund appoints two co-CIOs to oversee a new sustainable investing group
(Opalesque) The global leader in institutional portfolio management and the largest hedge fund in the world Bridgewater Associates launched a sustainable investing group overseen by Karen Karniol-Tambour and Carsten Stendevad, both newly named co-chief investment officers for sustainability at the […]
Investors look for answers as Treasuries rally after strong economic data
(Reuters) A sharp drop in Treasury yields in the face of strong U.S. economic data is surprising market participants who expected the reflation-driven bond selloff of the first quarter to continue. To read this article:
The 10-year Treasury yield slid on Thursday. Why it could be good news for stocks
(CNBC) The benchmark 10-year Treasury yield slid to a one-month low Thursday in a counterintuitive move that should be a positive for the stock market. Treasury yields, which move opposite price, had been falling, but they picked up momentum after […]
Coinbase stock closes down day after landmark Nasdaq debut
(CNBC) Coinbase shares whipsawed Thursday, a day after the cryptocurrency exchange went public in a blockbuster direct listing. The firm’s stock closed down 1.68%, though had climbed as high as 6.4% in the morning. To read this article:
Hedge funds recorded their best Q1 performance since 2006
(Opalesque) The Eurekahedge Hedge Fund Index was up 0.95% in March 2021, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local) which gained 3.24% over the same period. Long-dated US treasuries continued […]
Coinbase closes at $328.28 per share in Nasdaq debut, valuing crypto exchange at $85.8 billion
(CNBC) The shares opened at $381 and quickly shot up as high as $429.54, before dropping back below the debut price and reaching a low of around $310. The price was still well above the reference price of $250 set […]
Richard Branson sells over $150 million in Virgin Galactic stock
(CNBC) Sir Richard Branson, the founder of Virgin Galactic who helped take the company public in 2019, sold more than $150 million worth of the company’s stock over the past three days, a securities filing on Wednesday revealed. Branson, and […]
JPMorgan profit surges on huge trading, investment banking boost
(REUTERS) JPMorgan Chase & Co reported substantially higher first-quarter earnings on Wednesday, as the largest U.S. bank released more reserves and was aided by a blowout quarter from its trading desks and soaring investment banking fees. JPMorgan, widely seen as […]
Jamie Dimon says U.S. consumers are ‘coiled, ready to go’ with $2 trillion more in checking accounts
(CNBC) Government stimulus programs aimed at reducing suffering during the coronavirus pandemic have left consumers flush with savings – and that bodes well for the economic recovery under way, according to JPMorgan Chase CEO Jamie Dimon. To read this article:
March retail sales are expected to have surged as consumers spent $1,400 checks
(CNBC) March retail sales are expected to be strong, and some economists say stimulus checks may have quickly made their way into the economy, contributing to an even bigger gain of 10% or more. The March sales data, released at […]
SEC Wins Judgment Against Former Georgia Legislator Charged with Fraud
(HedgeCo.Net) The United States District Court for the Northern District of Georgia has entered final judgment on the SEC’s fraud claims against former Georgia state legislator Clarence Dean Alford. The SEC’s complaint alleged that from 2017 to 2019, Alford, who […]
Coinbase gets reference price of $250 per share from Nasdaq ahead of Wednesday’s direct listing
(CNBC) Nasdaq gave Coinbase a reference price of $250 a share on Wednesday ahead of its planned direct listing, which would value the cryptocurrency exchange at about $65.3 billion on a fully diluted basis. Coinbase is set to become the […]
