Monthly Archives: April 2021

“Cautiously optimistic”: New industry study find hedge funds buoyant in 2021 after overcoming Covid challenges

(Hedgeweek) Hedge funds are “cautiously optimistic” on their growth prospects for the coming year, according to a new deep-dive industry study jointly published by the Alternative Investment Management Association, Simmons & Simmons and Seward & Kissel. To read this article:

Cryptocurrency market value jumps $35 billion in 24 hours led by a surge in bitcoin

(CNBC)Cryptocurrency prices surged on Thursday, led by a big jump in bitcoin. The entire market capitalization or value of cryptocurrencies jumped $35.3 billion in 24 hours as of 2.19 p.m. Singapore time. To read this article:

US stock futures little changed after solid tech earnings, Facebook up more than 10%

(CNBC) Futures contracts tied to the major U.S. stock indexes were little changed in the overnight session Wednesday evening as both Facebook and Microsoft rallied after each issued better-than-expected revenue projections in their earnings reports. Dow Jones Industrial Average futures […]

Elon Musk says orders to stay home are ‘fascist’ in expletive-laced rant during Tesla earnings call

(CNBC) While answering analysts’ questions about liquidity amid the coronavirus pandemic, Musk called shelter-in-place orders “forcibly imprisoning people in their homes against all their constitutional rights.” To read this article:

Massive dislocations in the fixed income marketplace creates opportunities for top hedge funds

(Opalesque) (Don Steinbrugge, Agecroft Partners) The massive dislocations in the fixed income markets in March caused huge divergence in performance among hedge fund managers with similar strategies. The first quarter selloff affected most fixed income hedge fund strategies, including structured […]

SEC Charges Investment Adviser for Conducting Fraudulent “Cherry-Picking” Scheme

(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Donald J. Kellen, an investment adviser representative based in Palos Verdes Estates, California, for conducting a multi-year cherry-picking scheme that defrauded his clients. According to the SEC’s complaint, from about […]

Covid-19 downturn will not stop ESG’s momentum, says Man Group

(Hedgeweek) The trend towards responsible investing and ESG is likely to maintain its momentum despite the potentially far-reaching impact of the coronavirus crisis, according to new research by Man Group. To read this article:

SEC Charges Company and CEO for COVID-19 Scam

(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Praxsyn Corp. and its CEO for allegedly issuing false and misleading press releases claiming the company was able to acquire and supply large quantities of N95 or similar masks to […]

Markets remain volatile amid lockdown exit “marathon”, says BlueBay

(Hedgeweek) Volatility across asset classes will remain elevated as global economies grapple with the continued coronavirus lockdown, with Black Swan events appearing “all too often”, according to BlueBay Asset Management. To read this article:

Stock futures rise slightly ahead of Fed decision

(CNBC) Stock futures rose slightly in overnight trading on Tuesday as investors eyed guidance from the Federal Reserve on the future path of interest rates with a gradual reopening of the economy in sight. Futures on the Dow Jones Industrial […]

Federal Reserve seeks banks’ advice as it gets into direct lending with coronavirus relief

(CNBC) The Federal Reserve has reached out to investment and retail banks for feedback on its Main Street lending program ahead of its formal launch, according to people familiar with the matter. The central bank earlier this month laid out […]

Ford projects adjusted pretax loss of $5 billion in the second quarter

(CNBC) Ford Motor lost $2 billion during the first quarter and warned investors that losses during the second quarter will widen as the company grapples with the fallout from the coronavirus pandemic that’s shuttered factories and devastated sales. To read […]