Monthly Archives: May 2022
Bill Gates sees an argument for a global economic slowdown hitting this year
(CNBC) Add the global economy to Bill Gates’ growing list of concerns these days. The billionaire Microsoft co-founder believes factors like Russia’s war in Ukraine and the pandemic’s economic fallout create a “strong argument” that the world will see an […]
Only 15% of women in C-Suite roles, according to IG Prime research
(Hedgeweek) A recent report from IG Prime has found only 15% of senior management team members in hedge funds are women across the globe. To read this article:
SEC Obtains Final Judgment Against Michigan Investment Adviser for Fraud
(HedgeCo.Net) The U.S. District Court for the Eastern District of Michigan entered a final judgment against Steven F. Muntin, a former Michigan-based investment adviser representative at an SEC-registered investment adviser, for defrauding one of his investment advisory clients out of […]
Tech giants lost more than $1 trillion in value in the last three trading days
(CNBC) The world’s largest technology companies have shed over $1 trillion in value in just three trading sessions. Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more […]
Stock futures are higher after S&P 500 falls to its lowest level in more than a year
(CNBC) U.S. stock futures swung between positive and negative territory on Monday night after the S&P 500 fell to its lowest level in more than a year. Dow Jones Industrial Average futures were last up 107 points, or 0.33%. S&P […]
Bitcoin briefly dips below $30,000, drops more than 56% from its all-time high
(CNBC) Bitcoin dropped below the $30,000 level late Monday, breaching a symbolic price threshold. At its lowest price point, the world’s most popular cryptocurrency was more than 12% lower on the day — and more than 56% off its November […]
HFRI reports gains for hedge funds in April
(Hedgeweek) Hedge funds posted gains in April, as global equities and bonds suffered historic declines, accelerating an unprecedented hedge fund outperformance trend driven by powerful, broad-based gains across macro sub-strategies, according to data released by HFRI. To read this article:
40% of bitcoin investors are now underwater, new data shows
(CNBC) Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode. That percentage is even higher when you isolate for the short-term holders who got […]
Macro hedge funds stand out in volatile April
(Opalesque) Hedge funds posted gains in April as global equities and bonds suffered historic declines, accelerating an unprecedented hedge fund outperformance trend driven by powerful, broad- based gains across Macro sub-strategies, according to data released today by HFR®, the established […]
SEC Halts Fraudulent Cryptomining and Trading Scheme
(HedgeCo.Net) Founders allegedly promised big returns, instead used investments to fund lavish lifestyles. The Securities and Exchange Commission has announced fraud charges against MCC International Corp. (MCC), which does business as Mining Capital Coin Corp., its founders Luiz Carlos Capuci, […]
Bitcoin drops below $34,000 over the weekend, extending Friday’s losses
(CNBC) Bitcoin continued to slide after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted bitcoin to plummet by roughly 10%. Bitcoin, the world’s largest digital currency by market value, was […]
Stock futures slip as Wall Street attempts to stabilize after rollercoaster week
(CNBC) Stock futures fell on Sunday evening as traders looked for the market to find its footing after a dramatic week of trading. Futures tied to the Dow Jones Industrial Average dropped 400 points, or 1.22%. S&P 500 futures fell […]