Monthly Archives: May 2022
Investors pull $5.2bn from hedge funds in April, concentration in positive flows on the rise
(Opalesque) Investors pulled $5.20 billion from the global hedge fund business in April, while industry AUM continued to rise to $3.624 trillion based on performance gains, according to the just-released April 2022 eVestment Hedge Fund Asset Flows Report. While the […]
S&P 500 futures rise following last week’s bounce
(CNBC) S&P 500 futures rose on Monday night, as Wall Street tried to build on last week’s momentum. Dow Jones Industrial Average futures gained 36 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed 0.3% and 0.8%, respectively. The […]
Goldman says signs that inflation is peaking could be positive for stocks
(CNBC) Signs that inflation is at least starting to abate from a 40-year high could be a positive for stocks, according to Goldman Sachs. Markets rallied Friday as a government report showed the pace of inflation slowed a bit in […]
Stocks could build on gains in the week ahead as investors await Friday’s jobs report
(CNBC) Stocks could carry the momentum of this latest rally into next week as investors look ahead to Friday’s jobs report. All three major indice scored big gains in the past week, each rising higher than 6%. Both the S&P […]
Hedge funds and asset managers adopt different approaches to trading Treasuries
(Hedgeweek) Hedge fund managers are adopting a different approach to asset managers when it comes to trading US treasuries, according to a report by Bloomberg. To read this article:
SEC Halts Alleged Ongoing $39 Million Fraud by Hedge Fund Adviser
(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against Detroit-based EIA All Weather Alpha Fund I Partners LLC (EIA) and its sole owner, Andrew M. Middlebrooks, for allegedly engaging in a multi-year scheme that included the misappropriation and […]
Stock futures are little changed with S&P 500 on track for winning week
(CNBC)Stock futures were little changed in overnight trading as the S&P 500 attempted to snap a seven-week losing streak. Futures on the Dow Jones Industrial Average shed about 40 points. S&P 500 futures and Nasdaq 100 futures were near flat. […]
Twitter shareholders sue Elon Musk and Twitter over chaotic deal
(CNBC) Twitter shareholders are suing Elon Musk, and Twitter itself, over their handling of a chaotic acquisition process that is still underway, and that has contributed to volatile price swings in the company’s stock price. The Tesla and SpaceX CEO revealed a significant […]
Jamie Dimon’s JPMorgan says bitcoin’s slide has created ‘significant upside’ for crypto investors
(CNBC) Bitcoin’s recent slide has left the digital token well below its fair price, giving the cryptocurrency “significant upside” now, JPMorgan Chase said in a research note this week. The bank said bitcoin was undervalued by 28%, and put its […]
3 takeaways from Dollar General, Dollar Tree earnings that sent stocks soaring
(CNBC) Shares of Dollar General and Dollar Tree popped Thursday, as the discounters beat Wall Street’s quarterly earnings expectations, raised outlooks for the coming year and spoke of consumers flocking to lower prices during inflationary times. Dollar General shares rose […]
Gap shares fall 13% after retailer slashes profit guidance for the year
(CNBC) Gap Inc. on Thursday slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old Navy business. Shares fell around 13% after hours, after closing the […]
Apple says it will raise pay for corporate and retail employees in tight labor market
(CNBC) Apple said on Wednesday that it will raise pay for corporate and retail workers later this year. The move comes during a historically tight labor market in the U.S. and as employees contend with increased inflation and cost of […]