Monthly Archives: May 2021
Nearly half of traditional hedge funds considering crypto investments
(Opalesque) Almost half of the traditional hedge funds are exploring digital assets or are currently investing in them with around a fifth of traditional hedge funds having holdings already, said a study. The research by the Alternative Investment Management Association […]
Bitcoin crash opens door to a tax loophole for investors
(CNBC) Crypto investors may be shellshocked by a recent plunge in prices. But that sell-off has a silver lining: It opens the door to a money saving tax strategy. Popular cryptocurrencies like bitcoin and ethereum shed more than half their […]
Bitcoin traders using up to 100-to-1 leverage are driving the wild swings in cryptocurrencies
(CNBC) Bitcoin’s aggressive moves are being driven by much more than the next China crackdown or Elon Musk headline. Traders taking excessive risk in the unregulated cryptocurrency market being forced to sell when prices go down were in large part […]
‘Noisy’ errors by wealth managers/financial advisers can be caused by irrelevant factors, says study
(Opalesque) A study with financial advisers to make recommendations for imaginary clients found that risk tolerance assessments resulted in wildly different interpretations, which had a massive impact on client recommendations. In one instance, an adviser recommended a ‘very low’ level’ of risk for an imaginary […]
SEC Charges Partnership and Four Individuals in Connection with a Fraudulent Investment Offering
(HedgeCo.Net) The Securities and Exchange Commission charged LFS Funding Limited Partnership and individuals Stephen Michael Thompson, Steven Robert Comisar, Dale Jay Engelhardt, and Ross Gregory Erskine, all of the Los Angeles area, with engaging in fraud in connection with an […]
Amazon nears deal to buy MGM Studios for nearly $9 billion
(CNBC) Amazon is nearing a deal to acquire MGM Studios, the co-owner of the James Bond franchise and other film and TV series, for between $8.5 billion and $9 billion, according to people familiar with the matter. The deal is […]
Elon Musk says he talked to ‘North American Bitcoin miners,’ sending bitcoin price surging
(CNBC) The price of bitcoin jumped about 4% Monday afternoon after Tesla CEO Elon Musk tweeted that he was having active discussions regarding the sustainability of the digital coin. Bitcoin was trading around $38,074, according to Coindesk, when at about […]
Bitcoin’s trading action lately is wild even by crypto’s standards and the drama is not over yet
(CNBC) Bitcoin is still in a stretch of double-digit intraday moves after briefly halving its value last week, and Wall Street strategists say this crazy run won’t be over anytime soon. It’s been a rude awakening for bitcoin investors who […]
Dollar drifts lower as Fed speakers soothe inflation fears
Reuters) The dollar coasted at the bottom of its recent range on Tuesday, as softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher. To […]
Global crypto hedge fund AUM reaches $3.8bn in 2020, up from $2bn in 2019
(Opalesque) According to a new report by the Alternative Investment Management Association, and Elwood Asset Management, the percentage of crypto hedge funds with AuM over US$20 million increased in 2020 from 35% to 46%. To read this article:
SEC Obtains Final Judgment Against Broker Charged with Defrauding Customers
(HedgeCo.Net) The U.S. District Court for the Southern District of New York entered a final consent judgment against a New York-based broker who was previously charged by the SEC with defrauding retail customers. On September 7, 2018, the SEC charged […]
Bitcoin resumes sell-off over weekend, falls below $32,000
(CNBC) The bitcoin sell-off continued Sunday following a roller-coaster week of trading, as authorities in China and the U.S. move to tighten regulation and tax compliance on cryptocurrencies. Bitcoin fell roughly 16% to $31,772.43 by 12:27 p.m. ET, according to […]
