Monthly Archives: April 2021
Credit Suisse takes $4.7 billion hit from Archegos hedge fund scandal; execs step down
(CNBC) Credit Suisse on Tuesday announced several high-level staff departures and proposed a cut to its dividend as it weighs heavy losses from the Archegos Capital saga. The Swiss lender now expects a first-quarter pre-tax loss of around 900 million […]
Goldman’s risk controls worked well during Archegos fire sale, CEO Solomon says
(CNBC) Goldman Sachs CEO David Solomon said Tuesday that his bank’s risk management systems performed well after the forced unwind from a highly levered fund tanked several stocks in the U.S. and China and took a multi-billion dollar bite out […]
IMF increases global growth forecast and says a way out of the crisis is ‘increasingly visible’
(CNBC) The International Monetary Fund is expecting a stronger economic recovery in 2021 as Covid-19 vaccine rollouts get underway, but it warns of “daunting challenges” given the different rates of administering shots across the globe. On Tuesday the organization said […]
Yellen speech confirms that the U.S. is back on the world stage
(CNBC) Following four years of a decidedly protectionist agenda, Treasury Secretary Janet Yellen is here to tell you that things are about to change in a major way. The Cabinet official most in charge of President Joe Biden’s economic agenda […]
The Fed could come under fire for easy policy while the economy soars and inflation rises
(CNBC) As the economy booms over the next couple of months, the Fed will have a more difficult time defending its super-easy policies. Economists expect the second quarter to grow by more than 9%, and the monthly jobs reports are […]
KKR raises $15 billion in Asia’s biggest fund as buyout-backed deals rise
(Reuters) Private equity powerhouse KKR & Co said on Tuesday it has raised $15 billion for its fourth Asia-Pacific focused fund, marking the region’s biggest private equity fund at a time when buyout-backed deals are on the rise. U.S.-based KKR […]
Atlanta Resident Charged with defrauding investors and misappropriating investor funds
(HedgeCo.Net) The SEC’s complaint alleges that, since late 2015, Richard J. Randolph III has raised more than $1.6 million from at least 14 investors whom Randolph persuaded to fund purported real estate and business projects. According to the complaint, Randolph […]
New industry study finds hedge funds buoyant in 2021 after overcoming Covid challenges
(Hedgeweek) The Global Hedge Fund Benchmark Survey: Beyond the Horizon’ probed manager performance, investor sentiment, future challenges, and alignment of interests, among other things. The wide-ranging study is part of an ongoing research series into the health of the hedge […]
Institutional investors add risk assets back into portfolios, says study
(Opalesque) Sovereign wealth funds and other institutional investors added risk assets back into portfolios as the COVID-19 pandemic lingers, said a study. A report by the International Forum of Sovereign Wealth Funds (IFSWF) and State Street found that investors have […]
Carl Icahn names former GE executive Kekedjian to lead Icahn Enterprises, WSJ reports
(CNBC) Carl Icahn has named former General Electric executive Aris Kekedjian to take the helm at his namesake investment firm, Icahn Enterprises, the billionaire businessman told The Wall Street Journal in an interview published on Sunday. Kekedjian, the chief investment […]
Dow futures jump more than 100 points after blowout jobs report
(CNBC) Stock futures climbed in overnight trading on Sunday as investors cheered a strong bounce in U.S. job growth last month amid accelerating vaccine rollout. Futures on the Dow Jones Industrial Average jumped 136 points. S&P 500 futures rose 0.4% […]
Stocks gain, U.S. short-dated debts under pressure after bumper U.S. jobs data
(Reuters) Global stock prices rose to a 1 1/2-month high on Monday after data showing a surge in U.S. employment while short-dated U.S. bonds came under pressure on worries the Federal Reserve may bump up interest rates sooner than it […]
