Monthly Archives: April 2021
Wall St Week Ahead-High-flying market to take cues from infrastructure plans, upcoming earnings
(Reuters) U.S. President Joe Biden’s massive infrastructure proposal and the upcoming corporate earnings season could offer investors fresh insight on the sustainability of a rally that has taken stocks to all-time highs. The S&P 500 scaled 4,000 for the first […]
SEC Charges Indianapolis-Area Resident for Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced partially settled charges against George S. Blankenbaker of Westfield, Indiana in connection with fraudulent and unregistered securities offerings that raised over $11 million from more than 100 investors, many of whom were […]
CFTC official advises stricter oversight of funds managing family wealth
(Reuters) The Commodity Futures Trading Commission (CFTC), the top U.S. swaps regulator, should reverse its loosening of oversight of family offices, a Democratic commissioner said on Thursday in response to the blowup of Archegos Capital. The downfall of the family […]
Why the Archegos debacle is raising renewed fears of market excesses
(Hedgeweek) The collapse of Archegos Capital Management, which is set to bring hefty losses to a number of exposed investment banks, has again thrown the spotlight onto outsized leverage held by hedge funds and investment managers, and raises renewed fears […]
Morgan Stanley and Goldman Sachs’ roles in volatility of ViacomCBS raise questions
(CNBC) Morgan Stanley and Goldman Sachs, two of the firms at the center of the Archegos Capital Management unwinding, played a variety of roles before, during and after the margin call. That is raising questions about whether the firms should […]
Manufacturing boom brings more signs that inflation is building rapidly
(CNBC) March brought the strongest manufacturing growth in more than 37 years, and with it increasing indications about inflation pressures in the months ahead. The Institute for Supply Management’s monthly manufacturing survey registered a 64.7% reading, representing the level of […]
March jobs report is expected to be strong and show the beginning of a hiring surge
(CNBC) Americans are beginning to return to the workforce in big numbers, and that is likely to show up in the March employment report. Economists polled by Dow Jones expect to see 675,000 jobs added in March as the economy […]
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 […]
Treasury Sec. Yellen to restart hedge fund oversight panel as part of financial reform goals
(CNBC) Treasury Secretary Janet Yellen laid out a three-pronged agenda on Wednesday to address what she described as ongoing threats to the nation’s financial system. Those threats include both disruptions that occurred early in the Covid-19 pandemic as well as more recent […]
Archegos fallout wipes over $9 billion from market value of Credit Suisse, Nomura
(Reuters) Investors on Wednesday tallied the fallout from Archegos Capital’s dramatic meltdown, with Nomura and Credit Suisse shares losing a collective $9 billion while heightened scrutiny of the hedge fund industry loomed. To read this article:
U.S. SEC official warns Wall Street of risks associated with blank-check companies
(Reuters) A U.S. markets watchdog official on Wednesday warned dealmakers in the frothy blank-check market to follow the regulatory demands associated with special purpose acquisition companies, or SPACs, amid concerns over problems with the capital-raising scheme. To read this article:
$16.44bn added into hedge funds in February 2021, bringing YTD inflows to $23.74bn
(Opalesque) Investors added an estimated $16.44 billion into hedge funds in February 2021, bringing YTD inflows to $23.74 billion. Performance was accretive to asset levels and total estimated industry AUM increased to $3.408 trillion. The industry saw net inflows in […]
