Monthly Archives: April 2021
BlackRock, Mustier’s blank-check firm eye Credit Suisse fund management arm – sources
(Reuters) BlackRock and Jean-Pierre Mustier’s blank-check firm are among investors expressing interest in Credit Suisse’s asset management arm, three sources told Reuters, as the Swiss lender explores options for the unit after a run of costly scandals. To read this […]
Alibaba shares jump 5% after being hit with $2.8 billion fine in anti-monopoly probe
(CNBC) Alibaba shares in Hong Kong jumped more than 5% on Monday after the company was fined 18.23 billion yuan ($2.8 billion) by Chinese regulators as a result of an anti-monopoly investigation. “Despite the record fine amount, we think this […]
Microsoft in advanced talks to buy Nuance for about $16 billion, announcement could come Monday
(CNBC) The plans illustrate Microsoft’s recent efforts to expand through deals. Microsoft considered buying the U.S. operations of video-sharing app TikTok last year, and last month it completed the $7.5 billion acquisition of video game maker Zenimax. Nuance would be […]
Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy
(CNBC) Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell on Sunday reaffirmed the central bank’s commitment to keep loose monetary policy in place. That includes a statement of near-certainty that interest rates won’t be […]
Stock futures slip after Dow, S&P 500 hit fresh records
(CNBC) Futures contracts tied to the major U.S. stock indexes ticked lower during the overnight session Sunday evening, suggesting Wall Street could see muted trading on Monday after reaching fresh records last week. Dow futures lost 35 points, while contracts […]
Credit Suisse’s U.S. brokerage files lawsuit over data leak
(Reuters) The U.S. brokerage subsidiary of Credit Suisse Group AG has disclosed that former employees’ personal data was leaked last month and that it had filed a lawsuit over the matter, in the latest snafu for the Swiss banking giant. […]
Federal Court Orders Nevada Company and its Owner to Pay More Than $32 Million for Cryptocurrency Fraud and Misappropriation Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that following a hearing on the merits, the U.S. District Court for the District of Nevada entered a default judgment against defendants David Gilbert Saffron, an Australian citizen residing in Las Vegas, […]
Managed futures hedge funds generate ‘fantastic’ Q1 returns amid upward market momentum
(Hedgeweek) Managed futures hedge funds have finished the first quarter of the year in positive territory, seizing on upwards trends in equities indices and the US dollar while weathering the recent bond market and commodities upheaval. To read this article:
Hedge funds extend gains to continue strong 1Q
(Opalesque) Hedge funds advanced in March for the sixth consecutive month despite acceleration in realized equity market volatility, completing a strong 1Q 2021. Recent strong performance has been driven by exposure to out-of-favor, deep value equities, as well as by […]
“Substantial” market rotation will offer fresh alpha opportunities in second quarter, says K2 Advisors
(Hedgeweek) Hedge funds can capitalise on a “substantial” sector and asset class rotation during the second quarter, as an uneven economic recovery, bumpy vaccine rollouts and an inflationary environment drive dispersion across industries, K2 Advisors said this week. To read […]
Robinhood failed to disclose certain trade executions to public feed
(Reuters) Retail brokerage Robinhood Financial did not report a certain type of stock trade it executed for customers last year to a public data feed, according to regulatory data analyzed by Reuters and a source familiar with the matter. So-called […]
Enjoy this ride’ — Wharton’s Jeremy Siegel says stock market could go up 30% before boom ends
(CNBC) Wharton School finance professor Jeremy Siegel said Thursday he expects the stock market’s rally will persist at least throughout this year. However, he told CNBC that investors will have to be cautious once the Federal Reserve adjusts its highly accommodative monetary […]
